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Recession? Not Today, But…

Recession? Not Today, But…

Image Source: Pexels Watch credit card companies, once they start pulling back on credit, the “R Word” comes into play.“Davidson” submits:Retail Sales reported dipping but continuing to hold at levels well above the pre-COVID trend as shown. Real Personal Income continues higher with past months revised higher. Many ask questions regarding the current dynamics. The St […]
Tesla’s Model Y Price Hike Sparks Stock Rally Amid Market Challenges

Tesla’s Model Y Price Hike Sparks Stock Rally Amid Market Challenges

Image courtesy of 123rf.com In a notable turn of events for Tesla Inc. (Nasdaq: TSLA), the electric vehicle giant recently announced a price hike for its Model Y vehicles in the United States. The move has subsequently led to a rally in its stock price.Amidst a challenging market environment that saw the company’s shares plummet to a 10-month […]
Texas-Oklahoma Wildfires Impact Just Beginning. The Corn & Ethanol Report

Texas-Oklahoma Wildfires Impact Just Beginning. The Corn & Ethanol Report

We kicked off the week with NAHB HousingMarket Index at 9:00 A.M., Export Inspections at 10:00 A.M., 3-Momth & 6-Momth Bill Auction at 10:30 A.M.The Commitment of Traders Report confirmed a week of fund buying across the principal ag markets. Funds bought 40,900 contracts of corn, 29,000 of bean oil contracts, and 16,900 contracts of […]
Reckitt Rebounds But FTSE Flat On The Day

Reckitt Rebounds But FTSE Flat On The Day

Image Source: Pexels On Monday, the FTSE 100 of the UK saw a slight decrease down 0.15% as metal miners gained due to positive economic data from China. However, the index was weighed down by losses in consumer healthcare firm Haleon following Pfizer’s stake sale. Investors will be paying close attention to the domestic inflation data […]
Red-Hot Tech Rally Boosts Major Benchmarks

Red-Hot Tech Rally Boosts Major Benchmarks

Stocks are higher Monday afternoon, as Nvidia’s rally helps the broader tech sector stage a comeback. As a result, the Nasdaq Composite (IXIC) is up more than 240 points, while the Dow Jones Industrial Average (DJI) also sports a triple-digit lead, and the S&P 500 Index (SPX) trades in the black.  Shares of apparel retailer Gap Inc (NYSE: GPS) are 5% […]
Crude Oil – Verification Of Breakout?

Crude Oil – Verification Of Breakout?

We could summarize the recent price action in crude oil in one word: tests. What’s next?  Technical Picture of Crude OilCrude oil closed last week above the previously broken Dec. 2023 peak and the barrier of $80. Did it change much in the medium- and short-term picture of the commodity? In today’s article, I share […]
Sensex Today Ends 105 Points Higher; IT Stocks Drag

Sensex Today Ends 105 Points Higher; IT Stocks Drag

After opening the day marginally lower, Indian share markets reversed the trend as the session progressed and ended the day higher.Equity benchmark indices turned rangebound after a tepid start on Monday.At the closing bell, the BSE Sensex stood higher by 105 points (up 0.1%).Meanwhile, the NSE Nifty closed higher by 28 points (up 0.1%).Tata Steel, JSW Steel, and Tata […]
Crude Oil Looking To Extend Positive Run In Busy Week For Financial Markets

Crude Oil Looking To Extend Positive Run In Busy Week For Financial Markets

 Image Source: Unsplash   Factors supporting oil price include optimism over China, bullish forecast from IEA and general strength in commodities Crude oil rose about 4% last week with WTI taking out the $80 and Brent the $85 barrier, reaching levels last seen in November Financial markets face a key test this week with several central […]
Ethereum And Aevo: $16.6m ICO Fuels DeFi Innovation

Ethereum And Aevo: $16.6m ICO Fuels DeFi Innovation

In the vibrant realm of cryptocurrency, where innovation meets opportunity, Aevo emerges as a breath of fresh air. This decentralized exchange (DEX) is not your run-of-the-mill trading platform; it’s a tailored haven for derivatives aficionados. Focusing on options and perpetual, Aevo stands out with its unique blend of technology and user-centric features. With the ICO sale catching the eyes […]
EUR/CHF Price Analysis: Reaches New High For 2024

EUR/CHF Price Analysis: Reaches New High For 2024

EUR/CHF makes new year-to-date highs in 0.9630s.  Short and intermediate trends are bullish – long-term still bearish.  MACD is diverging bearishly, however, and triangles are bad omens. EUR/CHF is trading higher at the start of the new week, exchanging hands in the 0.9630s, after achieving new year-to-date (YTD) highs. The pair is in an uptrend […]