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Gold Price Reaches Key Retracement – Again

Gold Price Reaches Key Retracement – Again

Image Source: Pixabay Gold declined after moving to its 61.8% Fibonacci retracement ONCE AGAIN. The implications are clear.Quoting my Friday’s analysis: Gold just jumped to its 61.8% Fibonacci retracement. On a day-to-day basis, we just saw a sizable, two-day rally that might seem like uptrend’s continuation. BUT. This is exactly what used to happen multiple times […]
GameStop Shares Halted Multiple Times As Roaring Kitty Returns To Social Media

GameStop Shares Halted Multiple Times As Roaring Kitty Returns To Social Media

Image Source: Unsplash GameStop shares experienced a whirlwind of activity in early Monday trading, resulting in the stock being halted three times due to significant volatility.The shares, which spiked to $31.70 each—an 81.6% increase—saw these pauses as traders and algorithms reacted to a sudden surge in interest and trading volume.This level marks the highest for GameStop since […]
Stocks Losing Their Morning Momentum

Stocks Losing Their Morning Momentum

Stocks were looking to build on their best week of 2024 but lost steam as investors grappled with inflation fears. The Dow Jones Industrial Average (DJIA) has given back gains all morning, and its nine-day winning streak is now in jeopardy. The S&P 500 Index (SPX) is muted and the Nasdaq Composite (IXIC) have also […]
Thomson Reuters Commodity CRB Index Is Nearing Resistance

Thomson Reuters Commodity CRB Index Is Nearing Resistance

Image Source: Pixabay Thomson Reuters Commodity CRB Index is a price-weighted index that tracks the performance of a diverse basket of commodities, including energy, agriculture, metals, and livestock. When inflation started to cool down in 2022 and 2023, the CRB commodity index came nicely lower within a leading diagonal pattern for wave (A).Currently, we can see it trading and […]
BITFLEX introduces exciting Deposit Bonus Program to amplify trading opportunities

BITFLEX introduces exciting Deposit Bonus Program to amplify trading opportunities

BITFLEX, a leading crypto exchange, is thrilled to announce the launch of its highly anticipated Deposit Bonus Program. Designed to empower traders and enhance their trading experiences, this innovative program offers substantial benefits to users depositing funds into their BITFLEX accounts.Upon the campaign launch, users can unlock the progressive bonus amount as they make their […]
FTSE A Muted Monday Ahead Of Pivotal Jobs Data Tuesday

FTSE A Muted Monday Ahead Of Pivotal Jobs Data Tuesday

Image Source: Pexels On Monday, the FTSE 100 in London showed little change as increases in travel and leisure sectors were balanced out by declines in defence stocks. Investors are anticipating further corporate announcements and insights from Bank of England officials regarding the UK economy. The FTSE 100, which had recently reached record highs in 11 […]
Softs Report – Monday, May 13

Softs Report – Monday, May 13

Image Source: Pixabay COTTON General Comments: Cotton was lower last week and trends are still mixed in the market. USDA increased production for the coming year and also increased demand and ending stocks. The report was bearish for futures. Demand remains a problem. The export sales report showed poor sales once again and demand is not […]
Tesla, Ford, GM Gain After Reports That U.S. Will Hike Chinese EV Tariffs To 102.5%

Tesla, Ford, GM Gain After Reports That U.S. Will Hike Chinese EV Tariffs To 102.5%

Image courtesy of 123rf.com According to Bloomberg, President Joe Biden will announce a significant increase in tariffs on Chinese goods, focusing on electric vehicles (EVs) and related sectors. The move has drawn criticism from former President Donald Trump and sparked a response in U.S. auto stocks, with Ford (NYSE: F), Tesla (Nasdaq: TSLA), and General Motors (NYSE: GM) seeing gains […]
What We Learned From WASDE. The Corn & Ethanol Report

What We Learned From WASDE. The Corn & Ethanol Report

Photo by Jesse Gardner on Unsplash We kicked off the week with Fed Jefferson and Fed Mester Speeches at 8:00 A.M., Consumer Inflation Expectations and Export Inspections at 10:00 A.M., 3-Month & 6-Month Nill Auction at 10:30 A.M., and Crop Progress at 3:00 P.M.The markets reacted to the norm you would have expected as you dig into the […]
Improvement In Turkey’s Deficit Loses Momentum

Improvement In Turkey’s Deficit Loses Momentum

Image source: Pixabay  The improvement in the current account deficit in March was attributable to the continuing recovery in the foreign trade deficit. But the downward trend that started after the peak last July has lost momentum, with only a slight decline in the 12-month rolling deficit over the previous month.The current account in March posted a deficit […]