Archives by Month:

Archives by Year:

Nasdaq 100 Commentary – Friday, May 31

Nasdaq 100 Commentary – Friday, May 31

Image source: Pixabay  US Inflation Data on WatchThe Nasdaq is reversing sharply lower today ahead of the latest US core PCE data due this afternoon. Losses kicked in yesterday on the back of the downward revision to Q1 GDP which was recorded at 1.3% from 1.6% prior. The drop has raised concerns over the health of […]
Elliott Wave Technical Forecast: Unlocking ASX Trading Success: CSL Limited

Elliott Wave Technical Forecast: Unlocking ASX Trading Success: CSL Limited

Image Source: Unsplash  ASX: CSL LIMITED – CSL Elliott Elliott Wave Technical Analysis TradingLounge (1D Chart)Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with CSL LIMITED – CSL. We’ve identified that wave ((ii))-navy has recently bottomed out, and wave ((iii))-navy is now unfolding to push significantly higher.ASX: CSL LIMITED – CSL Elliott Wave Technical Analysis  ASX: CSL […]
US Q1 GDP Revised Down, But Q2 Nowcasts See Firmer Growth

US Q1 GDP Revised Down, But Q2 Nowcasts See Firmer Growth

US economic growth rose a modest 1.3% in the first quarter, a softer increase vs. the government’s initial 1.6% estimate. The revised data reflects a sluggish pace of growth and the second straight quarterly downshift. But the current nowcast for Q2 suggests that output will stabilize if not strengthen, based on the median for a set of […]
Natural Gas Forecast: Natural Gas Continues To Fall

Natural Gas Forecast: Natural Gas Continues To Fall

The natural gas markets initially tried to rally in the early hours on Thursday, but it looks like the $2.50 level will continue to be an area of extreme interest. I think at this point in time we are getting close to some inflection point that could determine where we go for the next several […]
Gold Consolidates Under 21-Period SMA Ahead Of US PCE Reading

Gold Consolidates Under 21-Period SMA Ahead Of US PCE Reading

Gold holds steady below a 21-period SMA as investors prepare for the release of key US macroeconomic data later today.Expected Macroeconomic Data: PCE Price Index: 0.3% – Expected; 0.3% – Previous Personal Income: 0.3% – Expected; 0.5% – Previous Personal Spending: 0.3% – Expected; 0.8% – Previous Chicago PMI: 41 – Expected; 37.9 – Previous The focus […]
Median Income For Individuals By U.S. State

Median Income For Individuals By U.S. State

What is the median income earned by individual Americans in each U.S. state? And how does your income compare to it?We can help you answer one of those questions! On 9 April 2024, the U.S. Census Bureau released its Occupational Employment and Wage Statistics data for incomes earned by individual Americans in May 2023. We […]
Asian Stock: SK Telecom

Asian Stock: SK Telecom

TM Editors’ note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence.Company: SK Telecom Company LimitedBloomberg ticker: 017670 KSMarket cap: US$8,005mBackground: SK Telecom Company Limited is a Korean mobile and telecommunications operator. It provides cellular voice, wireless data, and wireless internet services, as well as fixed-line and platform services. […]
USD/CAD Declines To 1.3650 As US Dollar Retreats With US Core PCE Inflation In Focus

USD/CAD Declines To 1.3650 As US Dollar Retreats With US Core PCE Inflation In Focus

The USD/CAD pair extends its downside to 1.3650 in Friday’s European session. The Loonie asset comes under pressure as the US Dollar struggles to gain ground despite uncertainty ahead of the United States core Personal Consumption Expenditure Price Index (PCE) data for April, which will be published at 12:30 GMT.Economists expect that the core PCE inflation rose steadily by 0.3% and […]
Japan Confirms Intervention, China’s PMI Disappoints, EMU CPI Firms, Ahead Of US PCE Deflator

Japan Confirms Intervention, China’s PMI Disappoints, EMU CPI Firms, Ahead Of US PCE Deflator

The dollar is mostly consolidating yesterday’s losses ahead of month-end and the US income and consumption data. The PCE core deflator may have risen by 0.2%, the least this, year, but the year-over-year rate is expected to be steady at 2.8%. The dollar is recovering from a five-day low against the yen recorded yesterday near […]
Automatic Data Processing Inc. Dividend Stock Analysis

Automatic Data Processing Inc. Dividend Stock Analysis

Image Source: Unsplash  Linked here is a detailed quantitative analysis of Automatic Data Processing Inc. (ADP). Below are some highlights from the above linked analysis:Company Description: Automatic Data Processing Inc., one of the world’s largest independent computing services companies, provides a broad range of data processing services.Fair Value: In calculating fair value, I consider the NPV MMA Differential Fair Value […]