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FX Daily: Rate Spreads Widen To Late 22 Levels

FX Daily: Rate Spreads Widen To Late 22 Levels

Image Source: Unsplash  Some better ISM manufacturing data in the US has pushed dollar interest rate differentials to the most supportive levels since late 2022. Momentum is with the dollar, but today’s US JOLTS job vacancy readings will be important too. Any lower numbers here suggesting better balance in the labor market could see the dollar hand […]
Elliott Wave Technical Analysis: Theta Token Crypto Price News Today

Elliott Wave Technical Analysis: Theta Token Crypto Price News Today

Image Source: Pixabay  Elliott Wave Analysis TradingLounge Daily Chart,  2  April  2024. Theta Token/ U.S. dollar(THETAUSD) THETAUSD Elliott Wave Technical Analysis Function: Counter trend    Mode: Corrective Structure:  Flat Position:  Wave ((B)) Direction Next higher Degrees: wave I of Impulse Wave Cancel invalid Level: Details: the corrective of Wave 4  has a trend to 38.2% of Wave […]
BTC/USD Forex Signal: Bitcoin Is Extremely Bullish Above $71,927

BTC/USD Forex Signal: Bitcoin Is Extremely Bullish Above $71,927

Image Source: UnsplashBullish view Buy the BTC/USD pair and set a take profit at 73,742. Add a stop-loss at 67,500. Timeline: 1-3 days. Bearish view Set a sell-stop at 69,000 and a take-profit at 68,000. Add a stop-loss at 72,000. Bitcoin joined American stocks in a deep dive on Monday as a risk-off sentiment prevailed in the market. […]
Embrace ETFs To Capture India’s Momentum Growth

Embrace ETFs To Capture India’s Momentum Growth

Image Source: PixabayThe introduction of India government’s bonds into two major global indexes is providing a significant boost to the rapidly expanding nation, making it poised to attract billions in inflows and opening doors for a wider range of investors.After JPMorgan’s decision to include India’s bonds in the JPMorgan Government Bond Index-Emerging Markets, Bloomberg followed suit […]
Chinese EV Makers Scramble To Offer Incentives To Compete With Tesla And “Disruptive” Xiaomi

Chinese EV Makers Scramble To Offer Incentives To Compete With Tesla And “Disruptive” Xiaomi

Image Source: PexelsThe competition in China’s EV world continues to heat up, as the market becomes more and more saturated. The country’s automakers are aggressively trying to take advantage of Tesla’s recent price hikes by offering incentives, while at the same time gearing up to compete with the “disruptive” entry of Xiaomi into the market, Bloomberg reported this […]
Metals Report For Monday, April 1

Metals Report For Monday, April 1

Image Source: PixabayIn this video, Ira Epstein reviews the day’s trading in the gold and other relevant metal markets.Video Length: 00:11:37More By This Author:SPDR ETF Report For Monday, April 1Financial Markets Report For Monday, April 1Metals Report For Tuesday, March 26
Russell 2000 Index Best And Worst Performing Stocks Of 2024

Russell 2000 Index Best And Worst Performing Stocks Of 2024

Image Source: Pexels The Russell 2000 index has underperformed the S&P 500 and Nasdaq 100 indices. Biotech companies like Viking Therapeutics and Janux were the best performers. The top laggards in the index were firms like Weight Watchers, iRobot, and Bakkt. The Russell 2000 index continued to underperform the Dow Jones and Nasdaq 100 indices in the first […]
2023Q4 GDP Advances In All 50 States; Real Personal Income Declines In 5

2023Q4 GDP Advances In All 50 States; Real Personal Income Declines In 5

Image source: PixabayFrom BEA:Source: BEA.Nominal personal income rose in all states.Source: BEA.However, what we care about is real personal income. I deflate using (nationwide) Chained CPI inflation (2.71% q/q AR), and calculate Q4 q/q AR growth.Figure 1: Real personal income growth in 2023Q4, annualized. Source: BEA, BLS, and author’s calculations.Seven states exhibit negative growth in real personal income: Iowa, Kansas, Nebraska, North […]
ADUS: A Home Health Care Provider With Solid Growth

ADUS: A Home Health Care Provider With Solid Growth

Image Source: PexelsAddus HomeCare Corp. (ADUS) posted a strong close to fiscal 2023. In Q4, revenues grew 11.9% to $276.4 million, while EPS increased 31.9% to $1.20. Commenting on the results, Dirk Allison, Chairman and CEO, said, “We continued to benefit from robust demand for home-based care, especially for our personal care services, which accounted for 74% […]
Dow Knocking On The Door Of 40,000

Dow Knocking On The Door Of 40,000

Image Source: UnsplashThe stock market rang the doorbell of the New Year with a bang during the 1st quarter. The S&P 500 index built on last year’s +24% gain with another +10% advance during the first three months of the year. And as a result of these increases, the Dow Jones Industrial Average index is knocking […]