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AUD/JPY Faces Some Selling Pressure Near 99.00 Following Japanese CPI Data

AUD/JPY Faces Some Selling Pressure Near 99.00 Following Japanese CPI Data

Image Source: Unsplash AUD/JPY attracts some sellers to 98.90 in Friday’s early European session.  Japan’s CPI inflation data rose to 2.8% YoY in February from 2.2% in January, which remains above the BoJ’s target. Australia added 116.5K new employees in February, up from 15.3K in January. The AUD/JPY cross faces some selling pressure around the 99.00 […]
In The Next 5 Years Employment In Age Groups 60+ Will Drop By ~12.5 Million

In The Next 5 Years Employment In Age Groups 60+ Will Drop By ~12.5 Million

Image Source: PixabayDue to age demographics, I expect employment in age groups 60 and over to decline by about 12.5 million. Let’s go over the math to see how I arrived at that number.Population stats are from the BLS. Expected Employment Loss is a Mish calculation based on the Employment Population Ratio (the percentage of people […]
Revisiting Utilities

Revisiting Utilities

I have a longstanding fondness for the Dow Utilities, but I’ve been quiet about them lately. Let me dust off this topic and review a few key charts. First of all, the Dow 15 Utility Index ($UTIL) has proven itself over many decades to have a reliable habit of creating a potent topping pattern and then falling hard. […]
After 625 Days, The Longest Yield Curve Inversion In History

After 625 Days, The Longest Yield Curve Inversion In History

Image Source: PexelsToday is a historic day, as last night – DB’s Jim Reid reminds us – we quietly passed the longest continuous US 2s10s inversion in history. After the 2s10s first inverted at the end of March 2022, it has now been continuously inverted for 625 days since July 5th 2022. That exceeds the 624 day inversion […]
Elliott Wave Technical Analysis & Forecast: AAVEUSD

Elliott Wave Technical Analysis & Forecast: AAVEUSD

Image Source: Upsplash  AAVE/ U.S. dollar(AAVEUSD)AAVEUSD Elliott Wave Technical AnalysisFunction: Counter TrendMode: CorrectiveStructure: ZigzagPosition: Wave CDirection Next higher Degrees: Wave ((2)) of ImpulseWave Cancel invalid Level: 81.238Details: Wave ((2)) maybe is complete and the price increase in wave ((3))AAVE/ U.S. dollar(AAVEUSD)Trading Strategy:Overall AAVE is moving in an uptrend with the Impulse pattern entering its third wave. […]
Don’t Overlook These Top Retail Stocks After Earnings

Don’t Overlook These Top Retail Stocks After Earnings

Image Source: UnsplashThe retail sector looks poised for a continued rebound with Guess (GES – Free Report) and Signet Jewelers (SIG – Free Report) being the most recent retailers to pass their quarterly earnings expectations on Wednesday.Keeping track of the Zacks Retail and Wholesale sector scorecard 64% of these stocks have surpassed their bottom line expectations this earnings season and now appears […]
Financial Markets Report For Thursday, March 21

Financial Markets Report For Thursday, March 21

Image Source: PixabayIn this video, Ira Epstein reviews the activity in the Financial Markets after the day that just ended, Thursday, March 21.Video Length: 00:11:26More By This Author:Metals Report For Thursday, March 21Metals Report For Wednesday, March 20Financial Markets Report For Wednesday, March 20
Japanese Yen Languishes Near YTD Low Against USD, Seems Vulnerable To Slide Further

Japanese Yen Languishes Near YTD Low Against USD, Seems Vulnerable To Slide Further

Image Source: Pixabay The Japanese Yen edges higher following the release of Japanese consumer inflation data. The uncertainty over the BoJ’s future policy steps keeps a lid on any further positive move. A modest US Dollar downtick exerts some pressure, though the downside remains limited. The Japanese Yen (JPY) witnessed a dramatic intraday turnaround on Thursday […]
Mixed After-Market Results From Late Earnings: NKE, FDX, LULU

Mixed After-Market Results From Late Earnings: NKE, FDX, LULU

Image Source: PixabayIt was another strong day in the markets today. With one more session to go for the week, we’ve seen all four major indices up nicely, from +1.42% on the Nasdaq (which has been the leading index for the past year) to +3.26% on the Russell 2000, which had been the most downtrodden. Today, […]
Money Supply Continues To Fall, Economy Worsens – Investors Don’t Care

Money Supply Continues To Fall, Economy Worsens – Investors Don’t Care

Image source: PixabayThe money supply continues to fall, but investors don’t seem to care. They are convinced that their success is connected to a potential Fed shift in interest rate policy. Nothing else seems to matter. That is partially attributable to the fact that, as the financial markets continue their upward trajectory, less and less attention is paid […]