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Crude Oil Commentary – Thursday, May 23

Crude Oil Commentary – Thursday, May 23

Crude Drops on USD RallyOil prices continue to trade lower this week as a resurgent US Dollar and hawkish Fed expectations weigh on sentiment. Crude futures have slipped by almost 4% this week and are currently testing the lows of the month. We’ve heard plenty of pushback from the Fed this week against heightened easing […]
After Hawkish FOMC Minutes, The Dollar Comes Back Softer

After Hawkish FOMC Minutes, The Dollar Comes Back Softer

Image Source: Pexels  Overview:  The dollar was aided yesterday by the hawkish FOMC minutes and the backing up of US rates. The greenback has stabilized today and is softer against all the G10 currencies. The stronger eurozone PMI masks divergence between Germany and France but keeps the recovery narrative intact. The dollar’s broad gains pressured the yuan, […]
Elliott Wave Technical Forecast: Unlocking ASX Trading Success: Light & Wonder Inc.

Elliott Wave Technical Forecast: Unlocking ASX Trading Success: Light & Wonder Inc.

ASX: LIGHT & WONDER INC. – LNW Elliott Elliott Wave Technical Analysis TradingLounge (1D Chart)Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with LIGHT & WONDER INC. – LNW. We determine that LNW is developing under wave ((ii))-green and may end soon, and is ready to allow wave ((iii))-green to return to push higher.ASX: LIGHT & WONDER […]
Asian Stock: Makalot Industrial

Asian Stock: Makalot Industrial

TM Editors’ note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence.Company: Makalot Industrial Company LimitedBloomberg ticker: 1477 TTMarket cap: US$2,928mBackground: Makalot Industrial Company Limited is a Taiwanese group engaged in the manufacturing of ready-to-wear apparel. It has production bases in Indonesia, Vietnam, Cambodia, China, and the Philippines. Major […]
Two Trades To Watch: GBP/USD, DAX Forecast – Thursday, May 23

Two Trades To Watch: GBP/USD, DAX Forecast – Thursday, May 23

Image Source: Unsplash  GBP/USD above 1.27 as the country gears up for an election The PMI announced a general election on July 4th UK composite PMI eased to 52.8 from 54.1 in April USD slips amid risk on trade & despite hawkish FOMC minutes GBP/USD holds above 1.27 The pound is holding on to yesterday’s gains […]
UK Market Commentary – Thursday, May 23

UK Market Commentary – Thursday, May 23

Photo by Colin Watts on Unsplash   USD Rally Stunts GBPUSD RiseThe rally in GBPUSD has stalled into the back end of the week amidst an uptick in USD on hawkish Fed commentary and weaker-than-forecast UK data.  On the Dollar front, hawkish commentary from Fed members over the week has seen USD regaining most of the ground lost last […]
Teen Jobs Dip In April 2024

Teen Jobs Dip In April 2024

The employment situation for U.S. teenagers dipped slightly in April 2024. The seasonally adjusted number of 16-19 year olds counted as having jobs decreased from the previous month’s total by 23,000 (or 0.4%) to 5,839,000. That’s just under a third of the entire population of U.S. teens in this age bracket.Although it dipped, the jobs […]
Strong NVDA Report Helped Indices Stay Afloat After Hawkish FOMC Minutes

Strong NVDA Report Helped Indices Stay Afloat After Hawkish FOMC Minutes

Image Source: Pexels  The US stock indices closed moderately lower on Wednesday, with the Dow Jones Industrials Index falling to a 1-week low. At Wednesday’s close, the Dow Jones Industrial Average (US30) decreased by 0.51%, while the S&P 500 Index (US500) was down 0.27%. The Nasdaq Technology Index (US100) closed negative 0.18%. “Hawkish” minutes from the May 1 FOMC meeting showed that “many” officials doubted […]
Dogecoin And Shiba Inu: Doge Meets Resistance At 0.17000

Dogecoin And Shiba Inu: Doge Meets Resistance At 0.17000

Dogecoin chart analysisThe dogecoin price has been facing some resistance since this morning at the 0.16550 level. Our focus is on maintaining a position above the EMA50 moving average, a crucial indicator for potential growth. The current market conditions suggest a possible break below this average, leading to a new daily low. This indicates a downward pressure […]
These AI Stocks Have Momentum Up And Down

These AI Stocks Have Momentum Up And Down

Photo by Steve Johnson on Unsplash  You can produce consistent gains by rigorously buying and selling stocks using the relative strength index (RSI). Let me explain.  What Is the Relative Strength Index?The relative strength index or RSI as described by Investopedia is “A momentum indicator that measures the magnitude of recent price changes to evaluate overbought or oversold conditions in the price of […]