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Archives by Year:
WTI Drops Below $74.00 As OPEC+ Plans To Ease Oil Production Cuts
Image Source: Pixabay WTI price lost ground as OPEC+ intends to phase out production cuts of 2.2 million barrels per day over 2025. The US is purchasing an additional 3 million barrels of Oil for the country’s Strategic Petroleum Reserve. Oil prices may struggle further due to the expectations of the Fed maintaining higher rates for longer. […]
Financial Markets Report For Monday, June 3
Image Source: PixabayIn this video, Ira Epstein reviews the activity in the Financial Markets after the day that just ended, Monday, June 3.Video Length: 00:13:33More By This Author:Metals Report For Friday, May 31Financial Markets Report For Friday, May 31Metals Report For Thursday, May 30
Nasdaq 100 & S&P 500 Elliott Wave Update – Monday, June 3
Image Source: UnsplashBoth the ES and the NQ continued to churn for much of Monday’s trade. I focused on the hourly chart to update the picture. Expectations remain for the current preferred count to move higher before completing. I update the EW labeling to include today’s action – also add Fibonacci extensions for a possible path […]
Crude Oil Downtrend Resumes After Breaking Key Support
Image Source: UnsplashThe WTI crude oil futures contract has broken below the key 76.01 support level, plunging as low as 73.65 in recent trading sessions. This technical breakdown suggests that the broader downtrend from the 87.07 high on April 5th has resumed. Further Downside Risks Emerge Following the break of the 76.01 support, the next key […]
Asia Morning Bites For Tuesday, June 4
Image Source: Unsplash Global Macro and Markets Global Markets: US Treasury yields continued to slide on Monday. 2Y yields fell 6.5 basis points and 10Y yields dropped 11bp taking them all the way down to 4.388%. The catalyst for this appears to have been the much weaker-than-expected manufacturing ISM survey which adds to the list of […]
NZD/USD Consolidates Its Gains Near 0.6200 Amid Weaker US PMI Data
Photo by Thomas Coker on Unsplash NZD/USD trades flat around 0.6190 in Tuesday’s early Asian session. The US Manufacturing PMI dropped to 48.7 in May from 49.2 in April, weaker than expected. The improving Chinese Caixin Manufacturing PMI data and the hawkish stance from the RBNZ support the Kiwi. The NZD/USD pair consolidates its gains near 0.6190 on Tuesday during the early […]
Is The “Bad News Is Bad News” Narrative Gaining Ground ?
Image Source: PixabayMARKETSDespite indications of a slowing U.S. economy, Monday witnessed a mixed performance in U.S. stocks. However, the S&P 500 appears to have weathered the weaker growth environment, with investors seemingly less concerned about it than the positive outlook for potential rate cuts, at least to this point.The S&P 500 inched up by 5.89 points, […]
Current Analysis: Telefonaktiebolaget L M Ericsson
Image Source: PexelsTM Editors’ note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence.Ericsson (ERIC) provides telecom equipment and services that are primarily used to build and facilitate mobile networks through operations in three segments: networks, cloud and software services, and enterprises.The firm’s customers have historically […]
ETFs Worth A Look On Russell Indexes’ Shake-Up
Image Source: PixabayThe popular Russell indexes are set to get the customary new look this month. Every year, on the fourth Friday of June, the Russell 1000, Russell 2000, Russell 3000, and other Russell indexes undergo a rebalance. The shake-up has historically triggered major market volatility in dozens of reshuffled stocks.The rebalance will likely have a […]
These 3 Tech Companies Recently Broke Quarterly Records
Image Source: UnsplashThe Q1 earnings season is now largely behind us, with more than 480 S&P 500 companies already delivering quarterly results. Technology companies contributed significantly to the growth pace, and the same is expected for Q2; earnings and revenue for the sector are currently expected to be up +14.4% and +9.3%, respectively. Three companies leading […]
