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Revenue Shortfalls From Philadelphia Soda Tax Getting Worse

Revenue Shortfalls From Philadelphia Soda Tax Getting Worse

In 2016, the City of Philadelphia imposed its infamous soda tax. Starting in January 2017, the city has collected 1.5 cents on every ounce of non-alcoholic carbonated beverages distributed for retail sale within Philadelphia’s city limits. When it passed the Philadelphia Beverage Tax (PBT), as it’s officially known, city officials were counting on it delivering […]
Get More Bullish On Gold & Gold Stocks

Get More Bullish On Gold & Gold Stocks

Image Source: Unsplash  Gold is only two months into a 13-year breakout while the inflation-adjusted Gold price, an indicator for gold stocks, is approaching a breakout from a 45-year base.Gold stock valuations are at very low levels and could double during this cyclical bull market. The bull market in precious metals will accelerate when the stock […]
GBP/USD Analysis: All Eyes On BoE Decision

GBP/USD Analysis: All Eyes On BoE Decision

Meanwhile, it is possible that a less pessimistic attitude will lead to recovery after the decision.According to Credit Agricole: “The British pound price faced some selling interest last week, mostly driven by algorithmic trading flows based on forex technical signals. Our FX flow data refers to inflows from companies and real money investors, as well as outflows […]
Strong Data On China’s Trade Balance Fuels Asian Indices

Strong Data On China’s Trade Balance Fuels Asian Indices

Image source: Pixabay  US stock indices showed mixed performance on Wednesday, with the Dow Jones Industrials Index hitting a 1-month high. The Dow Jones (US30) Index rose by 0.44%, while the S&P 500 (US500) Index was virtually unchanged for the day. The Nasdaq Technology Index (US100) closed negative 0.18% yesterday. Hawkish comments from the Fed and a rise in bond yields on Wednesday […]
AUD/USD Forex Signal: Could Retest The Resistance At 0.6650 Soon

AUD/USD Forex Signal: Could Retest The Resistance At 0.6650 Soon

Bullish view Buy the AUD/USD pair and set a take-profit at 0.6650. Add a stop-loss at 0.6500. Timeline: 1-2 days.  Bearish view Sell the AUD/USD pair and set a take-profit at 0.6500. Add a stop-loss at 0.6610. The AUD/USD exchange rate remained under pressure as traders assessed the recent actions by the Federal Reserve and Australia’s central […]
BTC/USD Forex Signal: Short-Term Bearish Price Channel Dominates 
                    
 

BTC/USD Forex Signal: Short-Term Bearish Price Channel Dominates  

Today’s BTC/USD Signals Risk 0.75% per trade. Trades must be entered before 5pm Tokyo time Tuesday.  Long Trade Ideas Long entry after a bullish price action reversal on the H1 timeframe following the next touch of $60,765, $59,807, or $58,309. Place the stop loss $100 below the local swing low. Adjust the stop loss to […]
Spending Is Not Inflationary; Inflation Is Not Transitory

Spending Is Not Inflationary; Inflation Is Not Transitory

Image Source: Pixabay  Is Government Spending Inflationary?When the terms ‘spending’ and ‘inflation’, are used in the same sentence, it is usually in reference to government spending habits. For example, Congress recently approved massive, additional amounts of financial aid for Ukraine and Israel. Thus, we might say that “government spending is inflationary”.President Biden’s ongoing attempts to cancel student […]
Two Trades To Watch: GBP/USD, USD/JPY Forecast – Thursday, May 9

Two Trades To Watch: GBP/USD, USD/JPY Forecast – Thursday, May 9

Image Source: Unsplash  GBP/USD falls ahead of the BoE rate decision BoE is expected to leave rates unchanged at 5.25% Could pave the way for a rate cut in the coming months GBP/USD falls below 1.25 The pound is falling for a third straight day amid USD strength and ahead of the Bank of England interest […]
Thoughts For Thursday: New Highs Expected While Market Slows

Thoughts For Thursday: New Highs Expected While Market Slows

Indices are poised to hit new highs, but market activity slowed on Wednesday despite additional positive Q1 earnings reports. Pexels Yesterday the S&P 500 was unchanged at 5,188 points, the Dow closed up 172 points at 39,056 and the Nasdaq Composite closed at 16,303, down 30 points. Chart: The New York Times Most actives were led by Uber (UBER), down […]
Silver Rally Testing Major Breakout Resistance

Silver Rally Testing Major Breakout Resistance

Precious metals have enjoyed a huge rally that has seen gold reach new all-time highs and silver reach new multi-year highs.There are a lot of tailwinds working for gold and silver today… global warfare, geopolitical instability, and inflation.Today we look at a long-term “monthly” chart of Silver futures to analyze the current rally and highlight where it […]