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XAG/USD Trims Losses Amid Weak Dollar And Lower Yields, Positive Market Mood

XAG/USD Trims Losses Amid Weak Dollar And Lower Yields, Positive Market Mood

Image Source: Pixabay The XAG/USD is rallying during the American session towards the $23.20 level with a current 0.90% increase after bottoming at $22.80. Still, the metal holds onto mild losses on the day. USD struggles to maintain the previous week’s bullish momentum as risks on flows resume. Investors await key CPI data on Thursday to […]
Are We In Recession? The Sahm Rule Now & 2007

Are We In Recession? The Sahm Rule Now & 2007

Here’s 2007-08:Figure 1: Sahm rule real time (tan), current vintage (blue), in %. NBER recession dates (post-peak to trough) shaded gray. Source: FRED, NBER.And here’s now (on same vertical scale, for context):Figure 2: Sahm rule real time (tan), current vintage (blue), in %. Source: FRED.As long time adherent to term spread predictor of recessions, I must say […]
Inflation Expectations Tumble To Lowest Since Jan 2021

Inflation Expectations Tumble To Lowest Since Jan 2021

Image Source: PixabayAfter a few months of late summer increases in the 1-Year inflation expectation as tracked by the NY Fed’s monthly consumer survey, December saw the third consecutive decline in this series which traditionally is also a proxy for the price of oil, and which last month dropped to the lowest since Jan 2021. The drop in 1-year […]
Nvidia: Soaring To New Highs

Nvidia: Soaring To New Highs

Image Source: Pixabay2023’s champion, Nvidia (NVDA), is leaping to yet another never-before-seen price, as its bargain p/e ratio of 65 continues to attract hordes of buyers. They sure better hope AI is as monstrous a deal as they’re making it out to be, or there’s going to be a glut like no one has ever seen.The semiconductor index (SMH) is […]
The Corn & Ethanol Report For Monday, January 8

The Corn & Ethanol Report For Monday, January 8

Photo by Wouter Supardi Salari on UnsplashWe kickoff the day with Consumer Inflation Expectations and Export Inspections at 10:00 A.M., 3-Month & 6-Month Bill Auction at 10:30 P.m., Fed Bostic Speech at 11:30 A.M., Consumer Credit Change at 2:00 P.M., LMI Logistics Managers Index, and Used Car Sales MoM & YoY.The monthly jobs report was viewed as bullish […]
BTCUSD Is Pointing Higher After A Correction

BTCUSD Is Pointing Higher After A Correction

Image Source: UnsplashBitcoin remains at the highs at the beginning of 2024, so we assume that more upside can be seen as recovery is acting like an impulse. As such, be aware of further gains within a five-wave cycle, where we are tracking higher degree wave III up to around 48k – 50k area. Looking at […]
Exxon Mobil Corp Found Buyers From Extreme Area

Exxon Mobil Corp Found Buyers From Extreme Area

In today’s article, we will look at the past performance of the 1H Hour Elliott Wave chart of Exxon Mobil Corp (XOM). The rally from 12.12.2023 low at $97.47 unfolded as 5 waves impulse. So, we expected the pullback, once that cycle ended, to unfold in 3 swings and find buyers again. We will explain […]
Leveraged Trading: Assessing The True Risks

Leveraged Trading: Assessing The True Risks

Image Source: PexelsIn the day-to-day world of investing, achieving substantial gains quickly with limited capital is a formidable challenge for small investors, if not outright impossible. Faced with this hurdle, options that hold the allure of rapid returns become enticing for those with modest funds. Leverage strategies, characterized by their exponentially dynamic nature, emerge as an […]
December Jobs Report: Sectors Of Weakness And Strength

December Jobs Report: Sectors Of Weakness And Strength

Image Source: PixabayFor nearly two decades, my focus on economic reporting online has been finding and examining leading indicators; those datapoints that tell us where the economy in general, and in particular jobs and income for ordinary Americans, are heading in the near future.Usually that has meant batting away DOOOOMers; those people who always see terrible […]
Oil Prices Fall After Saudi Price Cut, WTI Futures Down 3.4%

Oil Prices Fall After Saudi Price Cut, WTI Futures Down 3.4%

Image Source: UnsplashOil prices were on the rise in the first week of 2024 amid escalating tensions in the Middle East, but the gains were lost on Monday after Saudi Arabia announced fresh price cuts. Moreover, OPEC oil output increased last month, further intensifying the downward pressure. Brent, WTI Drop Over 3%Oil prices tumbled over 3% on Monday after the […]