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Stocks, Rates, And The Dollar Rise On May 6, 2024

Stocks, Rates, And The Dollar Rise On May 6, 2024

Image Source: UnsplashThis is probably going to be a dull week in terms of newsflow. Today, we had Barkin and Williams from the Fed talking, and Barkin was more Hawksih on the rate outlook than Williams, although Williams wasn’t as dovish as he has been in the past. Tomorrow will be Kashkari’s, and he has undoubtedly been […]
The Canadian Cannabis Report- Monday, May, 6

The Canadian Cannabis Report- Monday, May, 6

Image source: UnsplashFor the trading week ended May 3, 2024, my proprietary Canadian Cannabis Company Index (MCCCI) increased by 8.6% compared to the prior week when it decreased by 2.1%. The index consists of 14 stocks, many of which are among the most widely held holdings of the 3 ETFs (MJ, CNBS, and THCX) that I […]
AUD/USD Stalls Ahead Of Reserve Bank Of Australia’s Decision

AUD/USD Stalls Ahead Of Reserve Bank Of Australia’s Decision

Image Source: Pixabay AUD/USD steady at 0.6624; focus on upcoming RBA decision, quiet US data, and UK bank holiday. Wall Street ends higher, driven by optimism over potential Fed rate cuts. ANZ analysts anticipate RBA will hold rates, possibly adopting a hawkish stance due to inflation trends. The Australian Dollar registered minuscule gains compared to the […]
Nasdaq 100 & S&P 500 Elliott Wave Update – Mon, May 6

Nasdaq 100 & S&P 500 Elliott Wave Update – Mon, May 6

Image Source: UnsplashBoth the S&P and Nasdaq followed through on the current analysis. The upside swing continued with 5200 in view in the SPX and 18200 in the NDX. I updated the near-term picture and included some Fibonacci levels. I continue to feel the market will not waste time in getting back to new ATHs. My […]
EUR/USD Propped Up Near 1.0750 Ahead Of European Retail Sales

EUR/USD Propped Up Near 1.0750 Ahead Of European Retail Sales

Image Source: Pixabay EUR/USD cycled above 1.0750 on Monday. European Retail Sales figures due on Tuesday. Friday’s US consumer sentiment survey to cap off an otherwise quiet week. EUR/USD churned around 1.0770 to kick off the new trading week, with the pair rising after better-than-expected Purchasing Managers Index (PMI) figures early Monday before settling into familiar chart […]
Three Tech Stocks To Buy For Passive Income

Three Tech Stocks To Buy For Passive Income

Image Source: PixabayOther than tech stocks, investors also love dividends, as they can provide a nice buffer against drawdowns in other positions and a passive income stream.Interestingly enough, several tech stocks—Microsoft (MSFT – Free Report), Dell Technologies (DELL – Free Report), and Apple (AAPL – Free Report) —reward their shareholders with quarterly payouts.Let’s take a closer look at each.MicrosoftTech heavyweight Microsoft is […]
Microsoft Trendline

Microsoft Trendline

Image Source: UnsplashWe’re approaching the underbelly of a medium-term broken trendline on MSFT, which to my mind means powerful resistance at $413: More By This Author:Oscar Health: A Beacon Amidst The UptrendIs College Still Worth It?Expertise In Managing Markets
Current Analysis: ChipMOS TECHNOLOGIES

Current Analysis: ChipMOS TECHNOLOGIES

Image Source: UnsplashChipMOS TECHNOLOGIES Inc (IMOS) is engaged in the research, development, manufacturing, and sale of high-integration and high-precision integrated circuits and related assembly and testing services.The company’s segments include Testing, Assembly, Testing, and Assembly for LCD, OLED, and other Display Panel Driver Semiconductors (LCDD), Bumping, and others.The Company derives a majority of its revenue from […]
Was High Inflation Inevitable?

Was High Inflation Inevitable?

Image Source: PexelsDuring the period following the 2020 Covid pandemic, many countries experienced relatively high inflation. This reflects two factors: 1. All countries were hit by shocks such as Covid-related supply chain disruptions and the Ukraine war. 2. Most countries enacted very extensive stimulus programs, which had similar effects in each case.It was appropriate to allow […]
Kenya taps US Bitcoin mining giant Marathon Digital for crypto regime and mining consultation

Kenya taps US Bitcoin mining giant Marathon Digital for crypto regime and mining consultation

Kenya’s President William Ruto has appointed Marathon Digital, a prominent US Bitcoin mining firm, to provide consultancy services on the nation’s crypto policies and the energy requirements associated with crypto mining, according to Kenyan Wall Street, a local digital-first media house that focuses on business and finance.With this appointment, Marathon Digital and Kenya’s National Treasury […]