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Fiscal Dominance Is Here

Fiscal Dominance Is Here

Image Source: Pixabay  As quoted below from an executive summary of a joint report by the Department of Treasury and the Office of Management and Budget (OMB), the current deficit policy is deemed unsustainable. However, they fail to mention how long the Fed, via fiscal dominance, can sustain the unsustainable. “The debt-to-GDP ratio was approximately 97 […]
Nvidia Stock Gains After TSMC Posts Strong Q2 Revenue Report

Nvidia Stock Gains After TSMC Posts Strong Q2 Revenue Report

Image Source: Unsplash  In a show of strength for the semiconductor industry, Taiwan Semiconductor Manufacturing Company (NYSE: TSM) released a robust second-quarter revenue report that surpassed market expectations, triggering a positive ripple effect on its key customer, Nvidia (Nasdaq: NVDA). The symbiotic relationship between these two tech giants underscores the growing importance of advanced chip manufacturing in the artificial intelligence […]
U.S. Trade With World Slowly Recovers As Trade With China Slowly Falls

U.S. Trade With World Slowly Recovers As Trade With China Slowly Falls

The diverging trends for the United States’ international trade continued in May 2024. The nation’s trade with China was flat to lower, with the trailing twelve month average of the total value of goods exchanged between the two nations coming in lower. Meanwhile, the recovery in trade between the U.S. and the rest of the world continued, […]
Low Volume Flag Breakout! What’s Next For S&P 500?

Low Volume Flag Breakout! What’s Next For S&P 500?

Image Source: Unsplash  Watch the free-preview video below extracted from the WLGC session before the market opens on 9 Jul 2024 to find out the following: Short-term and long-term support and resistance levels to watch in the S&P 500. How to interpret the low volume during a flag breakout. The potential target price for the S&P 500 How […]
Asian Stock: Inner Mongolia Yili Industrial Group

Asian Stock: Inner Mongolia Yili Industrial Group

TM Editors’ note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence.Company: Inner Mongolia Yili Industrial Group Company LimitedBloomberg ticker: 600887 SHMarket cap: US$23,584mBackground: Inner Mongolia Yili Industrial Group Company Limited produces milk, powdered milk, ice cream, and other dairy products. The Company also produces frozen food and noodles.  World Class […]
Bitcoin struggles to break key level amid easing selling pressure from German government

Bitcoin struggles to break key level amid easing selling pressure from German government

Key Takeaways Bitcoin’s early peak at $59,300 fell short of the $60,000 threshold. German government’s reduced Bitcoin holdings may influence market dynamics. Bitcoin’s price reached a high of $59,300 early Wednesday but failed to break the key $60,000 level, according to data from TradingView. The struggle came amid a decrease in selling pressure from the […]
Gold Trading Strategy Today – Wednesday, July 10

Gold Trading Strategy Today – Wednesday, July 10

Image Source: Pixabay  Today you will see GOLD price prediction based on the technical analysis. What is the support and resistance on the daily time frame for XAUUSD. What to expect where the price will breakout for the XAUUSD based on the supply and demand zones.Video Length: 00:03:35More By This Author:Gold Trading Strategy For Tuesday, July […]
Daily Market Outlook – Wednesday, July 10

Daily Market Outlook – Wednesday, July 10

Image Source: Pexels  US stocks hit new highs, leading to volatile swings in Asian markets as traders assessed Fed Chairman Powell’s remarks on the US economic outlook. Australian and Chinese stocks fell, while those in Hong Kong and Japan rose. China’s consumer prices barely increased in June, indicating ongoing deflationary pressures. The S&P 500 rose for […]
Gold Prices Rise Amid Anticipation Of Fed Rate Cut

Gold Prices Rise Amid Anticipation Of Fed Rate Cut

Image Source: Unsplash  Gold prices continue to experience an upward trend, reaching 2368 USD per troy ounce, fuelled by growing market anticipation of a potential rate cut by the US Federal Reserve. As investors focus on upcoming US inflation data, gold remains a focal point of investment interest.In his recent testimony before Congress, Federal Reserve chair […]
Bitcoin transaction fees hit four-year low amid miner capitulation concerns

Bitcoin transaction fees hit four-year low amid miner capitulation concerns

Key Takeaways Bitcoin transaction fees have decreased to $38.69, a low last observed during 2020. Despite lower fees, Bitcoin miners processed 673,752 transactions on July 7. Bitcoin transaction fees reached a four-year low of $38.69 on July 7, a figure last observed during the peak of the COVID-19 pandemic in 2020. This sharp decline in […]