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Archives by Year:
Elliott Wave Technical Analysis: KOSPI Composite Index – Tuesday, July 9
Image Source: Unsplash KOSPI Composite Elliott Wave Analysis – Day Chart Overview Function: Trend Mode: Impulsive Current Wave Structure: Gray wave 3 Position: Orange wave 3 Next Lower Degree Direction: Gray wave 4 Wave Cancel Invalid Level: 2636.93 Detailed Analysis The KOSPI Composite Elliott Wave Analysis on the day chart provides a comprehensive view of the current trend and […]
Worldcoin opens World Chain L2 for developer preview
Key Takeaways World Chain developer preview allows early testing and feedback before the mainnet launch. The network aims to be governed independently by its community. The Worldcoin Foundation has launched a developer preview of World Chain, its upcoming Layer 2 network. This preview enables a limited number of developers to explore, build, and test the […]
Bull Of The Day – SkyWest
The NASDAQ Composite has been ticking up to new all-time highs nearly every day. It can make it feel like the only way to make money is to chase some of these big names that have been printing money for investors. Some of those trades are getting really crowded though. You don’t want to be […]
Are American Jobs Really All That Bad?
Image source: Pixabay Thinking back over the half-century or so that I have been paying attention to the US economy, I can’t offhand remember a time when most people believed that the quality of American jobs was high and/or rising. Here’s how Adam Ozimek, John Lettieri, and Benjamin Glasner describe the common complaints in their report, “The […]
USD/JPY Analysis: Faces Selling Pressure Ahead Of CPI Data
For four consecutive trading sessions, the US dollar against the Japanese yen (USD/JPY) has been subjected to selling operations that pushed it towards the support level of 160.26. It is stable around it at the time of writing the analysis, rebounding from the resistance level of 161.95, the lowest level for the Japanese yen in […]
Analytical Overview Of The Main Currency Pairs – Tuesday, July 9
Image Source: Pixabay The EUR/USD currency pairTechnical indicators of the currency pair: Prev Open: 1.0806 Prev Close: 1.0824 % chg. over the last day: +0.17 % On Monday, the euro initially moved higher thanks to a reduction in political tensions in France. Sunday’s parliamentary elections in France left the parliament divided and without a clear majority, making any extreme […]
Americans Back To Running Up Credit Card Debt In May
By Mike Maharrey, Money Metals ExchangeAfter paying down credit card debt in April, American consumers went back to running up the plastic in May. But borrowing for big-ticket items remained sluggish, indicating consumers are still struggling to make ends meet in this inflationary environment. Total consumer debt increased by another 11.3 billion in May, a 2.7 […]
The Energy Report: To Recovery Mode
The Port of Galveston and the Port of Houston are in recovery mode as well as refiners where the biggest damage from hurricane Beryl seems to be the lack of power. There are 2.3 million still without power in Texas post Hurricane Beryl and that is one of the reasons the recovery from the storm […]
Sensex Today Ends 391 Points Higher; Nifty Above 24,400
After opening the day higher, benchmark indices continued the momentum as the session progressed and ended the day higher.Equity benchmark indices made a steady ascend on Tuesday, settling near record highs on the back of gains in Maruti Suzuki, M&M, ITC, and Titan Company.At the closing bell, the BSE Sensex stood higher by 391 points (up 0.4%).Meanwhile, […]
USD/CAD Outlook: Weak Jobs Data Keeps CAD Under Pressure
The USD/CAD outlook is slightly bullish as the Canadian dollar remains weak after last week’s dismal jobs report. Meanwhile, investors are gearing up for Powell’s testimony, which might contain clues about the Fed’s policy outlook.The Canadian dollar fell sharply on Friday after Canada’s unemployment rate rose to an over 2-year high of 6.4%. This was […]
