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Archives by Year:
No Downside Surprise For Polish CPI
June CPI inflation came in at 2.6% year-on-year vs the consensus of 2.5%. So no surprise to the downside this time. CPI should rebound further in the coming months due to regulated prices, the statistical base and persistent core inflation. We see no scope for rate cuts this year, but possibly in the second quarter of next year.Food […]
The Cost Of A Summer Cookout In 2024
The American Farm Bureau Federation has shopped at grocery stores across the United States and found out how much a summer cookout will cost in 2024. they report their “volunteer shoppers had their most expensive Fourth of July grocery bill in the history of the survey this year.”But how costly is that? In 2024, they found the […]
GBPAUD Forex Elliott Wave Technical Analysis – Friday, June 28
GBPAUD Elliott Wave Analysis Trading Lounge Day ChartGBPAUD Elliott Wave Technical AnalysisFunction: Trend Mode: Corrective Structure: Orange Wave 2 Position: Navy Blue Wave 3 Direction Next Lower Degrees: Orange Wave 3 Details: Orange wave 1 of 3 looking completed, now orange wave 2 is in play. Wave Cancel invalid level: 1.93472The GBPAUD Elliott Wave analysis on the daily chart provides an insightful look […]
Cognitive Dissonance Is On Full Display
The recent Conference Board Consumer Confidence survey data show a state of cognitive dissonance among U.S. citizens. Cognitive dissonance occurs when a person believes in two contradictory things simultaneously. For instance, the latest Conference Board survey shows that expectations for increasing stock prices are among the highest since the late 1980s. However, citizens believe the […]
Levered-Up Consumers With Low Savings And Falling Deposits Set To Cut Back Spending
Low savings rate, falling deposits and levered-up consumers could be a precursor to a pullback in spending. Later this morning, May’s personal income/spending data will be published. This series also contains the PCE (personal consumption expenditures) price index measuring inflation. Core PCE is the Federal Reserve’s favorite. This is where markets’ focus lies. But there […]
Stocks May Attempt To Break Highs
Expectations are positive, but will stocks reach new record highs?Stocks didn’t do much yesterday, with the S&P 500 index closing just 0.09% higher. The market has further extended its short-term consolidation following a retreat from last Thursday’s new record high of 5,505.53. Today, the index is likely to open 0.4% higher, as indicated by futures […]
Analytical Overview Of The Main Currency Pairs – Friday, June 28
The EUR/USD currency pairTechnical indicators of the currency pair: Prev Open: 1.0679 Prev Close: 1.0704 % chg. over the last day: +0.23 % The latest economic data showed decreased consumer and business morale in Germany and France. Preliminary data for major economies, including France, Spain, and Italy, will be released today. Spain’s annual inflation rate is expected to […]
Crude Oil Commentary – Friday, June 28
Weak US Data Boost OilOil prices are pushing higher today ahead of the keenly awaited US Core PCE reading for May. Yesterday, data showed that US jobless claims hit their highest level for more than two years, adding to speculation that the US jobs market is cooling. Additionally, GDP data showed that the US economy […]
McDonald’s Corp.Stocks Elliott Wave Technical Analysis – Friday, June 28
MCD Elliott Wave Analysis Trading Lounge Daily Chart,McDonald’s Corp., (MCD) Daily ChartMCD Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: MotivePOSITION: Wave 3 of (1).DIRECTION: Upside in wave 3. DETAILS: Looking for a potential bottom in Intermediate wave (C). Looking for a series of ones and twos before accelerating higher in wave three. MCD Elliott Wave Analysis Trading Lounge 4Hr Chart,McDonald’s […]
Aave Surges, Up 16% Despite Crypto Market Jitters
AAVE price is up 16% in the past 24 hours as the DeFi token records a notable bullish flip.According to details on CoinGecko, Aave price was at $91.73 at the time of writing (6:05 am ET on June 25). The cryptocurrency’s trading volume was around $208 million, up more than 113% in the last 24 […]
