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USDCAD Slides Lower: Will The Downtrend Persist?

USDCAD Slides Lower: Will The Downtrend Persist?

Photo by Michelle Spollen on UnsplashUSDCAD has extended its decline, breaking through a key support level. This analysis examines the technical situation and explores potential scenarios for the currency pair.Downside Move Resumes: 1.3466 Support Breached: USDCAD decisively fell below the support level of 1.3466. This technical breakdown suggests a resumption of the downtrend that commenced from 1.3605. Potential Downside Targets: 1.3419 Support […]
Reviving Interest: Moderna

Reviving Interest: Moderna

Image Source: UnsplashHere’s a stock I haven’t thought about in a long time: Covid-mega-beneficiary Moderna (MRNA), which seems to have a rock-solid price sealing at about $118.More By This Author:Air Products: A Compelling Short OpportunityThis Is How AI Destroys A CompanyUtilities On Deck
Financial Markets Report For Wednesday, March 13

Financial Markets Report For Wednesday, March 13

Image Source: PexelsIn this video, Ira Epstein reviews the activity in the Financial Markets after the day that just ended, Wednesday, March 13.Video Length: 00:13:19More By This Author:Metals Report For Tuesday, March 12Financial Markets Report For Tuesday, March 12SPDR ETF Report For Monday, March 11
Inflation Is At Risk Of Roaring Back To Life

Inflation Is At Risk Of Roaring Back To Life

Image Source: UnsplashStocks finished mostly lower on the day, with the S&P 500 dropping 19 bps and the Nasdaq 100 falling by 83 bps. Tomorrow, we get PPI and Retail sales, and based on the VIX 1-Day, the market doesn’t seem as concerned, with the implied volatility gauge closing at 11.9 and well below the 19 […]
Rates Spark: Still Adjusting To Stickier Inflation

Rates Spark: Still Adjusting To Stickier Inflation

Rates continued to move higher as Tuesday’s core CPI reading reverberates and markets rethink the risks surrounding their Fed outlooks. The ECB presented a framework largely in line with market expectations and thus with little immediate market impact. Few details were provided for the planned structural bond portfolio and liquidity operations.Image Source: Pexels Yields move higher as markets […]
GBP/USD Holds Above The 1.2800 Mark Ahead Of US Retail Sales Data

GBP/USD Holds Above The 1.2800 Mark Ahead Of US Retail Sales Data

Image Source: Unsplash GBP/USD holds positive ground around 1.2805 in Thursday’s early Asian session.  The UK GDP growth numbers rose 0.2% MoM in January vs. -0.1% prior.  Investors have priced in 71 basis points (bps) in rate cuts this year from 95% at the beginning of the week.  The GBP/USD pair hovers around the 1.2800 mark during […]
Top Stock Reports For UnitedHealth, Johnson & Johnson & Oracle

Top Stock Reports For UnitedHealth, Johnson & Johnson & Oracle

Image Source: PexelsThe Zacks Research Daily presents the best research output of our analyst team. Today’s Research Daily features new research reports on 16 major stocks, including UnitedHealth Group Inc. (UNH), Johnson & Johnson (JNJ) and Oracle Corp. (ORCL). These research reports have been hand-picked from the roughly 70 reports published by our analyst team today. […]
PPI Is Now In The Market Purview

PPI Is Now In The Market Purview

Image Source: UnsplashMARKETSOn Wednesday, U.S. stocks experienced a slight downturn as investors opted to cash in profits from shares of Nvidia (NVDA) and other chipmakers. Meanwhile, market participants are preparing for the release of Thursday’s producer price data, which could provide additional insights into inflation trends and influence forward guidance at the upcoming Federal Reserve meeting. […]
Warren Buffet’s Over 40% Portfolio Is In Apple, But Why?

Warren Buffet’s Over 40% Portfolio Is In Apple, But Why?

Berkshire Hathaway’s sale of 10 million shares of Apple in Q4 2023. Apple still is nearly 43% of Buffet’s entire $364 billion portfolio. Buffet has lauded Apple as “a better business than any we own.” Warren Buffett, the oracle of Omaha, has long been recognised for his astute investment choices, with Apple Inc. (AAPL) emerging as a […]
Time For A Backyard Chicken Coop? Supermarket Egg Prices Soaring Once-Again

Time For A Backyard Chicken Coop? Supermarket Egg Prices Soaring Once-Again

Image Source: UnsplashAs of Wednesday, there are just 18 days left until Easter celebrations begin. For those who have recently visited the supermarket, egg prices are trending in the wrong direction, although well off the highs recorded in December 2022.Data from the United States Department of Agriculture shows that Grade A egg prices per dozen jumped 40% […]