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Canadian Dollar Middles On Monday, BoC CPI Inflation Around The Corner

Canadian Dollar Middles On Monday, BoC CPI Inflation Around The Corner

Photo by Michelle Spollen on Unsplash The Canadian Dollar (CAD) was broadly higher on Monday before a moderating pullback halfway through the American trading session. Momentum remains limited with Canadian markets shuttered for the Victoria Day holiday. CAD traders will officially kick the trading week off on Tuesday, just in time for the Bank of Canada’s (BoC) latest Consumer […]
Why Did VIX Close At Long-Term Lows Last Week?

Why Did VIX Close At Long-Term Lows Last Week?

Image Source: Unsplash Friday’s close on the Cboe Volatility Index (VIX) caught my eye. It finished the week at 11.99, the first time that VIX closed with an 11 handle since November 2019 – just before that year’s Thanksgiving holiday. While US markets are closed for Memorial Day next Monday [i], I don’t believe that is playing […]
Platinum Price Analysis: Bearish Engulfing Pattern Forms

Platinum Price Analysis: Bearish Engulfing Pattern Forms

Image Source: Pexels Platinum price has been in a strong uptrend this year, joining other industrial metals like copper and zinc. It has also joined other precious metals like silver and gold, which have been in a strong bull run. It soared to a high of $1,095 on Monday, its highest level since March 11th.Platinum has also […]
Ethereum Poised For Breakout, Targeting $4,000

Ethereum Poised For Breakout, Targeting $4,000

Image Source: Pixabay Ethereum, the second-largest cryptocurrency by market capitalization, has recently experienced a notable price rally. Over the past seven days, ETH’s value surged by 5.36%, bringing it close to the $3,100 level. This upward momentum attributes to various factors, including economic data, legal developments, and market sentiment. Economic Indicators And Market Sentiment The rally […]
Why Tesla’s Stock Can’t Break Above $200

Why Tesla’s Stock Can’t Break Above $200

Image Source: Pexels Shares of Tesla Inc. (Nasdaq: TSLA) are currently trading near $178, reflecting a significant dip from its all-time high of over $400. However, this price is a recovery from its January 2023 low of around $100. While Tesla’s stock performance has been a roller coaster over the past few years, recent earnings and news has made […]
A Closer Look At Inflation: All Of The Slicing And Dicing Comes Down To Shelter

A Closer Look At Inflation: All Of The Slicing And Dicing Comes Down To Shelter

There’s no economic news of significance until Wednesday’s report on existing home sales. But in the meantime, I’ve read a number of takes slicing and dicing last week’s inflation report that I thought missed the mark, so let me take the opportunity today and tomorrow to discuss the essence of the US’s consumer inflation situation.Basically, […]
Gold Soars To New Highs Amid Economic Uncertainty, Rate Cut Expectations

Gold Soars To New Highs Amid Economic Uncertainty, Rate Cut Expectations

Image courtesy of 123rf.com Gold prices have been on a remarkable trajectory, reaching new all-time highs recently. The precious metal’s surge can be attributed to a confluence of factors, including geopolitical tensions, concerns about fiat currency stability, and the U.S. Federal Reserve’s expectations of interest rate cuts. As investors seek safe-haven assets amid global economic uncertainty, gold has emerged […]
The Price Of Chocolate Is Skyrocketing, Cocoa Futures Hit Record High

The Price Of Chocolate Is Skyrocketing, Cocoa Futures Hit Record High

Cocoa futures image courtesy of Barchart. A European Union law that aims to make chocolate more sustainable has left farmers racing to map their plots.The Wall Street Journal reports Chocolate Prices Have Soared. A New Law Threatens to Keep Them High. A new European Union law seeks to protect the world’s rainforests, which have shrunk dramatically […]
Extreme Nasdaq Extremes

Extreme Nasdaq Extremes

The VIX may be trading at 52-week lows lately, but the Nasdaq has been nothing short of volatile. Less than a month ago, we all recall when the Nasdaq traded down at ‘extreme’ oversold levels (2+ standard deviations below 50-DMA), trading down over 5% from its prior 52-week high. As swift as the April sell-off […]
Softs Report – Monday, May 20

Softs Report – Monday, May 20

COTTON General Comments: Cotton was lower last week but spent most of the week consolidating recent losses amid improved weekly export sales and ideas that the market was oversold. There are also some big problems with too much rain in the Delta and Southeast in recent days. Trends are turning mixed on the charts. The […]