Archives by Month:
- January 2025
- December 2024
- November 2024
- October 2024
- September 2024
- August 2024
- July 2024
- June 2024
- May 2024
- April 2024
- March 2024
- January 2024
- December 2023
- November 2023
- October 2023
- August 2023
- July 2023
- June 2023
- May 2023
- February 2023
- January 2023
- December 2022
- November 2022
- October 2022
- September 2022
- August 2022
- July 2022
- June 2022
- May 2022
- April 2022
- March 2022
- February 2022
- January 2022
- December 2021
- November 2021
- October 2021
- September 2021
- August 2021
- July 2021
- June 2021
- May 2021
- April 2021
- March 2021
- February 2021
- January 2021
- December 2020
- November 2020
- October 2020
- September 2020
- August 2020
- July 2020
- June 2020
- May 2020
- April 2020
- March 2020
- February 2020
- January 2020
- December 2019
- December 2018
- November 2018
- October 2018
- September 2018
- August 2018
- July 2018
- June 2018
- May 2018
- April 2018
- March 2018
- February 2018
- January 2018
- December 2017
- November 2017
- October 2017
- September 2017
- August 2017
- July 2017
- June 2017
- May 2017
- April 2017
- March 2017
- February 2017
- January 2017
- December 2016
- November 2016
- October 2016
- September 2016
- July 2016
- June 2016
- April 2016
- March 2016
- February 2016
- January 2016
- December 2015
- November 2015
- October 2015
- September 2015
- August 2015
- July 2015
- June 2015
- May 2015
- April 2015
- March 2015
- February 2015
- January 2015
- December 2014
- November 2014
- October 2014
- September 2014
- August 2014
- July 2014
- June 2014
- May 2014
- April 2014
- March 2014
- February 2014
- January 2014
- December 2013
- November 2013
- October 2013
- September 2013
- August 2013
- July 2013
- June 2013
- May 2013
- April 2013
- March 2013
- February 2013
- January 2013
- November 2012
- October 2012
- August 2012
- July 2012
- June 2012
- May 2012
- April 2012
- March 2012
- February 2012
- January 2012
- December 2011
- November 2011
- October 2011
- September 2011
- August 2011
- July 2011
- June 2011
- May 2011
- April 2011
- March 2011
- February 2011
- January 2011
- December 2010
- November 2010
- October 2010
- September 2010
- August 2010
- July 2010
- June 2010
- May 2010
- April 2010
- March 2010
- February 2010
- January 2010
- December 2009
- November 2009
- October 2009
- September 2009
- August 2009
- June 2009
- April 2009
- February 2009
- December 2008
- November 2008
- October 2008
- August 2008
- June 2008
- May 2008
Archives by Year:
Weekly Market Pulse: Is The Economy Weaker Than It Appears?
Image Source: Pixabay The employment report released last Friday offered contradictory views of the state of the economy. The Current Employment Survey (also called the payroll or establishment survey), which comes from a survey of 119,000 businesses, showed a gain of 272,000 jobs for the month of May, which is right in line with the monthly […]
GBP/USD Analysis: Avoids Breaking Upward Trend
Despite the recent strength of the US dollar following stronger-than-expected US jobs data, which has dampened any expectations of imminent US rate cuts, the GBP/USD currency pair has shown remarkable resilience. It settled around the 1.2720 level at the time of writing. Its highest gain last week touched the 1.2817 resistance level, the highest in […]
Euro Still Struggling After Taking 1-2 Punch
Image source: Pixabay The Euro has been hammered over the past few sessions, initially taking a big hit on the much stronger than expected US jobs report, and then taking another big hit as Monday trading got going in reaction to the European election results.Video Length: 00:01:21More By This Author:Euro Slammed On European Election Results Waiting […]
What Do We Make Of The Recent Knee-Jerk Gold Selloff?
By Mike Maharrey, Money Metals ExchangeGold crashed through several support levels on Friday. The yellow metal plunged from $2,376 Thursday to under $2,300 by Friday afternoon.The mainstream financial media bandied about two primary reasons for the big kneejerk selloff, and neither seem like particularly good reasons to sell gold. Chinese Central Bank Gold BuyingThe selloff started […]
Macron’s Snap Election: A Tactical Move?
Image Source: Pixabay Following the failure of Emmanuel Macron’s ticket in the European elections and the resounding success of the Rassemblement National (RN), the French president has decided to call new legislative elections. Whatever the political reasons, this decision will not ease the economic challenges facing the country. Flash decisionThe results of Europe’s parliamentary elections have assumed national significance in France, with President Macron announcing the […]
Stocks Pause Ahead Of Key Wednesday Data
The market is in a waiting mode ahead of Wednesday’s CPI and Fed releases. Will profit-taking occur?Despite the important monthly jobs data release, stocks didn’t move much on Friday, with the S&P 500 index closing 0.11% lower. However, the market reached a new record high of 5,375.08 before retracing its intraday advance. Today, futures contracts […]
Elliott Wave Technical Analysis: Exxon Mobil Inc. – Monday, June 10
Image Source: Unsplash XOM Elliott Wave Analysis Trading Lounge Daily Chart,Exxon Mobil Inc., (XOM) Daily ChartXOM Elliott Wave Technical AnalysisFUNCTION: Counter TrendMODE: CorrectiveSTRUCTURE: ZigzagPOSITION: Wave 2. DIRECTION: Bottom in wave 2. DETAILS: Looking for a pullback in minor wave 2 of (5), there is a possibility we could already have topped in wave (5).XOM Elliott Wave Analysis Trading Lounge 4Hr […]
Market Watch: Fed’s Summer Strategy Amid Job Growth And Economic Shifts
US May’s robust job growth and wage increases suggest the Federal Reserve might maintain current interest rates through the summer and beyond. The Bureau of Labour Statistics reported a significant increase in nonfarm payrolls by 272,000, surpassing the 190,000 consensus and April’s 165,000 gain. Average hourly earnings rose 4.1% over the past year, exceeding expectations. […]
Walmart And Mohawk Industries Receive Analyst Upgrades, Gain In Premarket
Walmart (WMT) and Mohawk Industries (MHK) have received positive analyst upgrades from JPMorgan and Raymond James, respectively, reflecting strong outlooks and favorable market positions.JPMorgan upgraded Walmart to “Overweight” with a price target of $81, citing expectations of multi-year double-digit EPS growth, while Raymond James upgraded Mohawk Industries to “Strong Buy” with a price target of $140, based on […]
Resilient US Labor Market Blurs Outlook For Rate Cuts
Ahead of Friday’s payrolls data for May, the crowd was newly confident, again, that the Fed would soon start cutting interest rates. Treasury yields were sliding and expectations were rising that policy easing was near. But the May jobs report flipped the script with news of stronger-than-expected hiring.Nonfarm payrolls rose 272,000 in May, rebounding sharply […]
