Archives by Month:

Archives by Year:

Russell 2000 Falters Despite Strong Opening Gap

Russell 2000 Falters Despite Strong Opening Gap

The divergence between the Russell 2000 (IWM), and the S&P and Nasdaq continues. Thursday’s surge in the Russell 2000 on higher volume accumulation continued into Friday’s premarket and open. However, buyers were unable to maintain their price momentum despite another day of strong buying volume. Having said that, there is plenty of room for buyers […]
China’s 2Q GDP Slowed By More Than Expected In New Challenge To Achieving Growth Target

China’s 2Q GDP Slowed By More Than Expected In New Challenge To Achieving Growth Target

China’s 2Q GDP growth slowed by more than expected to 4.7% year-on-year as weak consumption and property continued to be a drag on growth. More policy support will be needed in order to achieve this year’s 5% growth target. depositphotosChina’s GDP slowed by more than expected in the second quarterChina’s 2Q24 GDP growth fell to 4.7% YoY, […]
EUR/GBP Edges Higher To Near 0.8400 Due To Diminished Expectations Of ECB Rate Cuts

EUR/GBP Edges Higher To Near 0.8400 Due To Diminished Expectations Of ECB Rate Cuts

 Image Source: Pixabay   EUR/GBP rebounds from 0.8386, the lowest level since August 2022. ECB’s Lagarde suggested being mindful that the growth outlook remains uncertain. The British Pound could limit its losses as investors view UK markets more attractive investment destination. EUR/GBP halts its losing streak, trading around 0.8400 during the European hours on Monday. The Euro […]
Weekly Market Pulse: The Soft Landing Zone

Weekly Market Pulse: The Soft Landing Zone

At first glance, the inflation reports last week seemed pretty boring. The Consumer Price Index actually fell in June by 0.1% but the year over year change was still 3%, a full percent higher than the Fed’s target. Core CPI was up 0.1% for the month. Both were positive surprises with the consensus expecting a […]
The AI Bubble Is Reaching A Tipping Point – Part II

The AI Bubble Is Reaching A Tipping Point – Part II

<< Read More: The AI Bubble Is Reaching A Tipping Point – Part IAfter Sequoia recently suggested that the “AI Bubble Is Reaching A Tipping Point,” Goldman Sachs came out and made a similar point.Tech blogger Ed Zitron took it a step further, concluding “Generative AI is decidedly not the future.”Famed tech investor Roger McNamee went […]
Sensex Today Trades Higher; Nifty Above 24,550

Sensex Today Trades Higher; Nifty Above 24,550

Asian stocks were mixed as the US dollar rose after the attempted assassination of Donald Trump reinforced bets that his chances of winning the presidential election have increased.Australian and South Korean shares rose while Hong Kong futures indicated an early loss when markets open.US stock market indices ended mostly lower on Thursday dragged by losses […]
USD/JPY Tumbles Amid Suspected Japanese Intervention And Weak US CPI Data

USD/JPY Tumbles Amid Suspected Japanese Intervention And Weak US CPI Data

The USD/JPY pair continued its downward trajectory on Friday (July 12th), closing 0.56% lower at 157.91 in New York trading. This follows Thursday’s significant drop, with the pair briefly touching 157.30, its lowest level since June 17th. Key Developments Suspected Japanese Intervention: Market sources suggest that Japanese authorities intervened in the currency market, taking advantage […]
USD/CHF Strengthens Above 0.8950 On The Firmer US Dollar

USD/CHF Strengthens Above 0.8950 On The Firmer US Dollar

 Image source: Pixabay   USD/CHF rebounds near 0.8955 in Monday’s early European session.  The hotter US PPI data on Friday did not change the Fed rate cut expectations in September. The political uncertainty underpins the Swiss Franc against the Greenback.  The USD/CHF pair edges higher to 0.8955, snapping the two-day losing streak during the early European session on […]
Reaction To USDA’s July Nass And Wasde Crop And S&D Reports

Reaction To USDA’s July Nass And Wasde Crop And S&D Reports

USDA’s July US Wheat production and US/World Supply/Demand updates today had the usual twists and turns again this month. This involved demand changes since the USDA left both its corn and bean 2024 yield & output estimates unchanged from last month’s acreage report. depositphotos Stronger than expected old-crop corn demand compensated for last month’s increase in US […]
EUR/USD Forex Signal: On The Cusp Of A Bullish Breakout

EUR/USD Forex Signal: On The Cusp Of A Bullish Breakout

Bullish view Buy the EUR/USD pair and set the take-profit at 1.0950. Add a stop-loss at 1.0865. Timeline: 1-2 days. Bearish view Set a sell-stop at 1.0885 and a take-profit at 1.0800. Add a stop-loss at 1.0950. The EUR/USD pair rose to an important resistance level as focus now shifts to this week’s European Central Bank (ECB) […]