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USD/CAD Remains Confined In Familiar Range Above 1.3600, Eyes On Powell, Fedspeak

USD/CAD Remains Confined In Familiar Range Above 1.3600, Eyes On Powell, Fedspeak

Photo by Michelle Spollen on Unsplash USD/CAD consolidates near 1.3635 in Wednesday’s early Asian session. Fed’s Powell said ”more good data” could open the door to rate cuts.  The weaker Canadian employment data has spurred the BoC rate cuts expectation.  The USD/CAD pair remains capped within a narrow trading range around 1.3635 during the early Asian session on Wednesday. […]
Bad News Is Good News For Gold

Bad News Is Good News For Gold

Image Source: UnsplashGold continues to rally after the latest US jobs report fueled renewed bets that the Fed will begin cutting interest rates this year. Analysts estimate that the Fed will start cutting in September and will make two cuts before the end of 2024. New jobs in the US labor market have slowed, the unemployment […]
AUD/NZD Sees Slight Uptick Ahead Of RBNZ Decision, Hawkish RBA

AUD/NZD Sees Slight Uptick Ahead Of RBNZ Decision, Hawkish RBA

Photo by Thomas Coker on Unsplash AUD/NZD saw a mild increase in Tuesday’s session but cleared most of its gains. RBNZ decision comes up later in the Asian session with a hold priced in. The RBA maintains its hawkish tone, promoting a more favorable outlook for the Aussie. After a climb to the highest level since early May, […]
Silver Price Analysis: XAG/USD Stabilizes Around $30.50 As Bulls And Bears Battle

Silver Price Analysis: XAG/USD Stabilizes Around $30.50 As Bulls And Bears Battle

Image Source: Pixabay Silver steadies following Monday’s drop below $31.00, showing slight recovery. RSI indicates upward momentum with potential for a ‘double bottom’ breakout if $31.00 is cleared. Key resistance at $32.29 and YTD high of $32.51; support at $30.18 and $28.57 if sellers take control. Silver price stabilizes above the $30.50 area for the second straight […]
Crypto Bid, Crude Skids, Stocks & Bonds Sluggish As CPI Looms

Crypto Bid, Crude Skids, Stocks & Bonds Sluggish As CPI Looms

Image Source: PixabaySomehow, Small Business Optimism rose in June (for the third straight month) to its highest since Dec 2023 despite aggregate economic data collapsing dramatically, PMIs plunging, and even The Fed admitting the labor market is tightening. Doe this look normal? We saw a decoupling of this sort in June 2021 after which small business […]
Slow Day At Highs For S&P And Nasdaq

Slow Day At Highs For S&P And Nasdaq

Image Source: UnsplashI experienced mixed fortune day trading, unable to catch gain traction on my positional calls, resulting in a small net loss. This expressed itself as narrow range doji for both the Nasdaq and S&P.For the S&P there was a fresh ‘buy’ signal in the MACD as part of the 5,500 breakout. Volume edged a […]
Stocks And Precious Metals Charts – Keep Off The Moors

Stocks And Precious Metals Charts – Keep Off The Moors

Image Source: UnsplashStocks managed to turn in another fluctuating day that ended up mostly unchanged.Gold and silver held a little bounce.The Dollar bounced back a little as well.VIX is comatose.We are deeply into a currency war.  Things are progressing pretty much as expected.Gold and silver are flowing from West to East.The Anglo-American currency hegemony is being sustained […]
TSLA Hit Our Target – Here’s What’s Next

TSLA Hit Our Target – Here’s What’s Next

Image Source: Unsplash Traders following along with us were able to bank some significant swing-trading profits on TSLA – around 26% in a week. To do that in a timeframe where the broader market has tacked on around 3% is no mean feat.That said, what’s coming around the corner – in an entirely different sector – […]
Rates Spark: Issuers Returning After French Distraction

Rates Spark: Issuers Returning After French Distraction

Fed Chair Powell’s testimony didn’t give away much and markets continue to price in around a 75% probability for a September cut. French spreads remain elevated, but issuers are returning to EUR primary markets as events risks are abating. The Bank of England’s short-term liquidity facility still sees rising demand.Image Source: Unsplash Fed remains biased towards […]
3 Dividend Kings Yielding Over 3%

3 Dividend Kings Yielding Over 3%

Image Source: Unsplash Income investors typically want to find stocks with above-average yields, generally meaning that the stocks have higher yields than the S&P 500 average. Currently, the S&P 500 Index yields about 1.6% on average.Beyond yield, income investors should also be sure that the dividend payout is sustainable.Investors looking for safe dividends should consider the […]