Archives by Month:

Archives by Year:

CPI Up 0.3 Percent With Rent Still Rising Steeply, Food A Bright Spot

CPI Up 0.3 Percent With Rent Still Rising Steeply, Food A Bright Spot

CPI data from the BLS, chart by MishBloomberg Econoday economists were correct across the board on the April CPI report. As expected, the CPI rose 0.3 percent, 0.3 percent excluding food and energy, and 3.4 percent year-over-year. CPI FoodFood was the bright spot in April, provided you eat at home. Food at home declined 0.2 percent […]
Grains Report – Wednesday, May 15

Grains Report – Wednesday, May 15

WHEAT General Comments: Wheat was lower yesterday as there were no more reports of frosts and freezing temperatures in Russian growing areas Reports indicate that Russia will still have plenty of Wheat for export in the coming year. USDA issued its latest reports on Friday and included a field survey of Winter Wheat production. Winter […]
Biden’s China Policy Is Backed Into A Corner

Biden’s China Policy Is Backed Into A Corner

Image Source: Pixabay What do you do when putting the pedal to the metal isn’t enough? For U.S. President Joe Biden’s administration, the answer is to lay down roadblocks for rivals. The White House on Tuesday unveiled a host of bumped-up tariffs on Chinese products, including a quadrupling of the charge on electric vehicles to 100%. A muddled […]
All-Time Highs Are Here Again – Meme Shorts Get Punched

All-Time Highs Are Here Again – Meme Shorts Get Punched

Image Source: Unsplash  It seems like a lot has happened this week and it’s only Wednesday morning. On Tuesday and Wednesday, we got inflation reports from the producers as well as the consumers. One was warmer than expected while the other was a touch cooler. Still, although April looked a tiny bit better, year-over-year inflation remained […]
GBP/USD Analysis: Uptrend Remains Cautious

GBP/USD Analysis: Uptrend Remains Cautious

According to Forex market trading, the pound sterling briefly dipped before recovering to around $1.25 as traders digested recent labor data and monetary policy expectations. According to official announcements and the economic calendar, the UK unemployment rate rose for the third month and wage growth remained at 6%, in line with Bank of England (BoE) […]
BlackRock, Fidelity, Bitwise Bitcoin ETF draw $205M from New York’s Pine Ridge Advisers

BlackRock, Fidelity, Bitwise Bitcoin ETF draw $205M from New York’s Pine Ridge Advisers

Pine Ridge Advisers, a New York-based registered investment advisor, has disclosed substantial holdings in three US spot Bitcoin exchange-traded funds (ETFs), managed by BlackRock, Fidelity, and Bitwise. These are the iShares Bitcoin Trust (IBIT), Fidelity Wise Origin Bitcoin Fund (FBTC), and Bitwise Bitcoin Strategy Optimum Roll ETF (BITC).According to a snapshot shared by Bloomberg ETF […]
Sensex Today Ends 118 Points Lower; Nifty Below 22,200

Sensex Today Ends 118 Points Lower; Nifty Below 22,200

After opening the day marginally higher, Indian share markets reversed the trend as the session progressed and ended the day lowerIndian equities, which started with decent gains on Wednesday, took a sharp U-turn within an hour of opening.At the closing bell, the BSE Sensex stood lower by 117 points (down 0.2%).Meanwhile, the NSE Nifty closed lower by 15 points […]
USD/CAD Recovers Soft US Inflation-induced Losses From 1.3600

USD/CAD Recovers Soft US Inflation-induced Losses From 1.3600

The USD/CAD pair rebounds sharply after falling to near the round-level support of 1.3600 in Wednesday’s New York session. The Loonie asset recovers as poor Canadian Manufacturing Sales data weakens the Canadian Dollar.Earlier, the major faced selling pressure as the US Dollar tumbled after the United States (US) Bureau of Labor Statistics (BLS) has reported that the […]
Dell Climbs 73% YTD, Eyes AI Hardware Boom

Dell Climbs 73% YTD, Eyes AI Hardware Boom

 Image Source: Unsplash   Vertiv: Soared 670% since April 2023; bullish outlook with an expected slight decline. Dell Technologies: Up 73% YTD, facing potential AI-driven hardware demand surge. Prologis: Pivoting to data centers, showing a promising 22% upside from AI investments. As the technology-driven market rally pushes forward, many predict it will eventually lose momentum. Yet, […]
Silver Price Analysis: Reaches New High For May But Pulls Back After Becoming Overbought

Silver Price Analysis: Reaches New High For May But Pulls Back After Becoming Overbought

Silver (XAG/USD) price has risen up to a new high for May at $29.20 after the release of market-moving data from the US. Silver is in a short-term uptrend but it has become overbought according to the Relative Strength Index (RSI) momentum indicator. The RSI is also diverging bearishly with price.  4-hour Chart  A bearish divergence occurs […]