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Crude Oil Commentary – Friday, April 5

Crude Oil Commentary – Friday, April 5

Image Source: Pixabay  Crude In DemandCrude prices are on track to end the week at their highest level since mid-2023.  Fears of escalating violence in the Middle East, an improving China demand outlook, and Fed easing expectations are helping keep oil prices well supported here. On the back of an Israeli airstrike in Damascus this week […]
The Service Sector Weakens As Manufacturing Strengthens

The Service Sector Weakens As Manufacturing Strengthens

This past week’s ISM service and manufacturing surveys continue to show divergence between the two major economic sectors. However, this divergence differs from what we have seen over the past few years. For the first time in 16 months, the ISM manufacturing was above 50. 50 is the distinction between economic expansion and contraction. The […]
AUD/USD Price Analysis: Showing Potential For A Bullish Reversal

AUD/USD Price Analysis: Showing Potential For A Bullish Reversal

AUD/USD briefly broke out of a descending channel and rallied.  The rally was cut short, however, and the pair retreated back inside the channel.   If AUD/USD rebreaks above the previous high of the initial breakout rally, it will be a bullish sign.  AUD/USD has been falling in a descending channel since the March 8 high at […]
Elliott Wave Technical Analysis: Coffee

Elliott Wave Technical Analysis: Coffee

Image Source: Pixabay  Coffee Elliottwave AnalysisFunction – Counter-trend Mode – Corrective Structure – Triangle wave (X) Position – Wave A of (Y)Direction – Wave A of  (Y) is still in playDetails –  Wave A pushed farther away from 200. May push further higher. The 200 major level could provide support for wave B pullback that should follow the end of A. Not much has […]
Thursday’s Reversal And The Jobs Report

Thursday’s Reversal And The Jobs Report

The market was cruising along as usual Thursday before reversing hard to the downside starting around 2 pm EST. At the time, it wasn’t clear if the catalyst was a speech by Fed President Neel Kashkari in which he said the Fed might not cut rates at all this year or some news out of […]
US Employment Data To Set Dollar’s Course

US Employment Data To Set Dollar’s Course

Image Source: Pixabay  Overview: The focus is squarely on the US employment report. At the risk of oversimplifying, given the position adjustment in the past 48 hours, a solid report can see the greenback recover, while a disappointing report will likely see it deepen the correction of the rally that began with the February jobs report. The […]
Key Events In EMEA For The Week Of April 8

Key Events In EMEA For The Week Of April 8

Image Source: Pixabay  Poland’s current account surplus and Hungarian inflation figures are set to be the key highlights in a quieter week ahead in the EMEA region.  Poland: Current account surplus from strong trade in goodsCurrent account (Feb): €797mWe forecast a €797m surplus for Poland’s current account in February 2024, but it will be smaller than in February […]
Japanese Market Commentary – Friday, April 5

Japanese Market Commentary – Friday, April 5

Image Source: Pixabay  BOJ Tightening ExpectationsUSDJPY has recovered off the day’s lows with the pair trading back in the green now ahead of key US labor market readings due later today. JPY had been stronger initially on comments today from BOJ governor Ueda which appeared to strengthen the chances of further near-term rate hikes. Ueda explained […]
Leggett & Platt, Inc. Dividend Stock Analysis

Leggett & Platt, Inc. Dividend Stock Analysis

Image Source: Pixabay  Linked here is a detailed quantitative analysis of Leggett & Platt, Inc. (LEG). Below are some highlights from the above linked analysis:Company Description: Leggett & Platt Inc. makes a broad line of bedding and furniture components and other home, office, and commercial furnishings, as well as products for non-furnishings markets.Fair Value: In calculating fair value, I consider […]
What Happens To Gold Price If The Fed Doesn’t Cut Rates?

What Happens To Gold Price If The Fed Doesn’t Cut Rates?

Image Source: Unsplash  Gold Price If The Fed Doesn’t CutWith the increasing gold price of late comes the assumption that the expected cut in interest rates will open a torrent of cheap money that will bring the U.S. dollar down with a thud.  But, what would happen to the gold price if the Fed doesn’t cut […]