Archives by Month:

Archives by Year:

Australian Dollar Gains Ground On Hawkish RBA, Nonfarm Payrolls Awaited

Australian Dollar Gains Ground On Hawkish RBA, Nonfarm Payrolls Awaited

Image Source: Pixabay The Australian Dollar rises on hawkish sentiment surrounding the RBA prolonging higher interest rates. Australia’s central bank is expected to maintain its current rate at 4.35% until the end of September. US Nonfarm Payrolls is expected to print a reading of 243K for April, compared to 303K prior. The Australian Dollar (AUD) continues […]
Elliott Wave Analysis On EURJPY Expects Support Soon

Elliott Wave Analysis On EURJPY Expects Support Soon

Image Source: UnsplashShort Term Elliott Wave View on EURJPY suggests the rally from 12.7.2023 low is in progress as a 5 waves. Up from 12.7.2023 low, wave 1 ended at 163.71 and pullback in wave 2 ended at 160.21. Pair extended higher in wave 3 towards 171.58. The 60 minutes time frame below shows the rally […]
WTI Holds Above $79.00 Ahead Of US NFP Data

WTI Holds Above $79.00 Ahead Of US NFP Data

Photo by Timothy Newman on Unsplash WTI prices recover to $79.00, gaining 0.28% on Friday. A surprise build in US crude stocks exerts some selling pressure on black gold prices. WTI prices edge lower amid weaker global demand and easing Middle East geopolitical risks. Western Texas Intermediate (WTI), the US crude oil benchmark, is trading around $79.00 on Friday. The black gold rebounds modestly from a […]
Big Quarterly Beats After The Bell: AAPL, SQ, COIN & More

Big Quarterly Beats After The Bell: AAPL, SQ, COIN & More

Image Source: PexelsMarket indices put up healthy numbers this Thursday. Following well-behaved Jobless Claims figures (but surprisingly worse Productivity/Unit Labor Costs), off a mostly down day Wednesday and a tough ride since Monday’s high, markets forged higher: the Dow gained +322 points, +0.85%, the S&P 500 was +0.91%, the Nasdaq up an impressive +235 points, +1.51%, […]
This Bull Trap Could Be Our Biggest Win Of The Week

This Bull Trap Could Be Our Biggest Win Of The Week

Image Source: Unsplash Non-Farm Friday… Let’s Do This!  Markets are bullish into the close, but I see (3) reasons why this Bull Trap might be our biggest win of the week!Everything’s bullish right now, but the charts are telling me this might be nothing more than a Bull Trap…Here are (3) Bull Trap setups I’m tracking […]
Stocks Rebound Ahead Of The April Job Report

Stocks Rebound Ahead Of The April Job Report

Image Source: PixabayStocks rebounded today, with the S&P 500 climbing by 90 bps, ahead of what will be another big data point and the last major data point until the CPI report. I am thankful. The run over the past week-and-a-half, along with earnings, has been tiring and, at times, rather stressful. So, with the release […]
SEC will classify ETH as security and reject spot Ethereum ETFs, says Michael Saylor

SEC will classify ETH as security and reject spot Ethereum ETFs, says Michael Saylor

Michael Saylor believes that the US Securities and Exchange Commission (SEC) will label Ethereum as a security this summer and consequently deny all spot Ethereum ETF applications. He also claimed that other major cryptos like Binance Coin (BNB), Solana (SOL), Ripple (XRP), and Cardano (ADA) will likely face similar security classifications from the SEC. “Ethereum […]
Financial Markets Report For Thursday, May 2

Financial Markets Report For Thursday, May 2

Image Source: PixabayIn this video, Ira Epstein reviews the activity in the Financial Markets after the day that just ended, Thursday, May 2.Video Length: 00:13:26More By This Author:Financial Markets Report For Wednesday, May 1Metals Report For Tuesday, April 30SPDR ETF Report For Tuesday, April 30
Asia Morning Bites For Friday, May 3

Asia Morning Bites For Friday, May 3

Image Source: UnsplashGlobal macro and markets Global Markets: US Treasury yields continued to decline on Thursday ahead of today’s US non-farm payrolls release. There is some market speculation that Fed Chair Powell hinted at a weak payroll number at the recent FOMC meeting. This may be helping to push yields lower. 2Y yields fell 8.7 basis points, while the yield […]
NFP: The Ultimate Litmus Test For Doves Vs. Hawks And A Central Bank Intervention Masterclass

NFP: The Ultimate Litmus Test For Doves Vs. Hawks And A Central Bank Intervention Masterclass

Image Source: UnsplashUS nonfarm payrolls will undoubtedly be the focal point of upcoming data releases. The estimated figure stands at 241k, notably lower than the robust 303k reported in the previous release and below all other readings recorded this year. This anticipated decrease suggests a potential softening in the labour market, which could impact market sentiment […]