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Stocks To Record High Due To Inflation Cooled More Than Expected

Stocks To Record High Due To Inflation Cooled More Than Expected

Inflation cooled more than expected for the first time this year, boosting stocks to record highs, with the S&P 500 achieving this in just 48 days compared to 746 days previously. Recent challenging data, including flat retail sales in April, have fuelled speculation about potential Federal Reserve rate cuts. The CME Fed Watch Tool now […]
Gold Analysis: Expect Stronger Gains

Gold Analysis: Expect Stronger Gains

Gold futures are approaching record highs again as gold prices rise despite a steady US dollar and rising Treasury yields. According to gold trading platforms, prices find support in expectations of Federal Reserve policy and Chinese demand. While both gold and silver prices have risen, they may be ready to pull back as they are […]
USD/CAD Edges Up On Heightened Geopolitical Risks

USD/CAD Edges Up On Heightened Geopolitical Risks

 Photo by Michelle Spollen on Unsplash   USD/CAD rises on Monday as geopolitical tensions drive safe-haven demand to the Greenback. Canadian CPI data out on Tuesday could impact BoC decision making on interest rates and USD/CAD.  A roll-call of Fed officials are scheduled to speak on Monday with implications for USD pairs.  USD/CAD trades a beat higher on […]
A Dozen Reasons To Stay Bullish

A Dozen Reasons To Stay Bullish

In this week’s Dirty Dozen [CHART PACK] we continue to push back on the bears, dissect the negative divergence in a key market internal to show why it should be ignored, go over confirming breadth measures, rising tanker prices, and more…  The play continues to be to buy dips and add on rips and not overthink this […]
The “Good News” On Inflation

The “Good News” On Inflation

Bonds and stocks rallied last week on the back of two pretty good inflation reports, right? I suppose but there were other things going on too so let’s take a look at how inflation expectations changed last week and see if that’s what drove markets.The 5 year inflation breakeven fell by 2 basis points. Yes, […]
Elliott Wave Technical Analysis: Chevron Inc.

Elliott Wave Technical Analysis: Chevron Inc.

Image Source: Unsplash  CVX Elliott Wave Analysis Trading Lounge Daily Chart,Chevron Inc., (CVX) Daily ChartCVX Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: MotivePOSITION: Minor wave 1.  DIRECTION: Upside in Minute {v}.  DETAILS: Looking for a top in Minor wave 1, to ideally break previous wave B top at 171$ to give us additional upside confirmation.CVX Elliott Wave Analysis Trading Lounge 4Hr […]
Do You Have Your Eye On Vision Care Stocks?

Do You Have Your Eye On Vision Care Stocks?

Image Source: Pexels  Eye care is essential for maintaining our overall health and well-being. Regular eye exams not only address vision problems but also help detect underlying health issues like diabetes, hypertension, and high cholesterol, as these conditions can manifest through symptoms in the eyes. By ensuring comprehensive eye care, we can catch these issues early, […]
SIGNED INTO LAW: Alabama Abolishes Income Taxes On Gold And Silver

SIGNED INTO LAW: Alabama Abolishes Income Taxes On Gold And Silver

Alabama Governor Kay Ivey today signed a bill that removes all income taxes on capital gains from the sale of gold and silver, enabling the state to take an important step forward in reinforcing sound money principles.With this move, Alabama joins a growing number of states prioritizing the protection of citizens against the deleterious effects […]
Stocks: Is Short-Term Uncertainty Just A Pause Within An Uptrend?

Stocks: Is Short-Term Uncertainty Just A Pause Within An Uptrend?

There’s more uncertainty following stock prices rally last week. Will they resume higher?Friday’s trading session wasn’t a game-changer as the S&P 500 index remained within a short-term consolidation, gaining 0.12%. Last Thursday, it reached a new record high of 5,325.49 following its Wednesday’s breakout of the 5,250 level and the previous local highs from March […]
EUR/USD Strengths Amid Uncertainty Over ECB Rate Cuts In July

EUR/USD Strengths Amid Uncertainty Over ECB Rate Cuts In July

EUR/USD remains firm near 1.0900 due to multiple tailwinds. ECB’s Schnabel remains uncertain over the central bank extending rate cuts beyond June. Fed policymakers emphasize keeping interest rates higher for longer. EUR/USD clings to gains near 1.0900 in Monday’s European session. The major currency pair remains in bullish territory due to investors’ higher risk appetite. The Euro […]