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Words For Wednesday: No Major Shoe Dropping Yet

Words For Wednesday: No Major Shoe Dropping Yet

On Tuesday the market did not move much, no visible Harris or Bibi effects. We will have to see what plays out today and Thursday. depositphotos Yesterday the S&P 500 closed at 5,556, down points, the Dow closed at 40,358, down 57 points and the Nasdaq Composite closed at 17,997, down 10 points. Chart: The New York Times Most actives […]
Accelerating Wage Growth Is Another Inflation Risk For Hungary

Accelerating Wage Growth Is Another Inflation Risk For Hungary

Image Source: Pexels  Average Hungarian wage growth accelerated markedly in May, contrary to expectations. Real wage growth is back in double-digit territory, which poses a further underlying inflation risk once the propensity to save wanes.The latest figures from the Hungarian Central Statistical Office (HCSO) brought a significant positive surprise on wages. Average wage growth accelerated to […]
Unlocking ASX Trading Success: Scentre Group

Unlocking ASX Trading Success: Scentre Group

ASX: Scentre Group (SCG) Elliott Wave Technical AnalysisTradingLounge (1D Chart)Greetings, our latest Elliott Wave analysis focuses on the Australian Stock Exchange (ASX) with Scentre Group (SCG). We observe that wave ((ii)) – navy has concluded, and wave ((iii)) – navy may be set to advance.ASX: Scentre Group (SCG) Elliott Wave Technical Analysis1D Chart (Semilog Scale) […]
Gold Mining Stocks Suggest Higher Prices For Gold

Gold Mining Stocks Suggest Higher Prices For Gold

This week, we will look at an index of major gold mining stocks, HUI, and see that while the index does a nice job of identifying gold peaks and bottoms, mining stocks generally have not provided the positive leverage to the metals that precious metals investors sometimes claim. The first combo chart shows HUI on […]
ETH Spot ETFs Go Live: Key Insights

ETH Spot ETFs Go Live: Key Insights

ETH spot ETFs began trading began July 23 Issuers include BlackRock, Franklin Templeton & Fidelity Cumulative trading volume surpasses $1 billion, lagging behind BTC $590.9 million net inflows (excl. Grayscale) ETH spot ETFs have finally gone live yesterday, July 23, following the long-awaited final green light from the US Securities and Exchange Commission (SEC). Although, the markets do not expect it to match […]
Climbing Limo GDP Forecast For 2024-Q2

Climbing Limo GDP Forecast For 2024-Q2

Later this week, on Thursday, 25 July 2024, the Bureau of Economic Analysis will publish its first estimate of the United States’ Gross Domestic Product during the second quarter of 2024.With that date just a day away, it’s a good time to check in with how 2024-Q2’s GDP tracks with what a momentum-based forecasting method projected it […]
Brent Oil Prices Decline Amid Inventory Reductions And Middle East Optimism

Brent Oil Prices Decline Amid Inventory Reductions And Middle East Optimism

Image Source: Unsplash  Brent crude oil prices have continued their downward trajectory, reaching 81.14 USD per barrel as of Wednesday. This marks the fifth consecutive session of decline, primarily influenced by significant reductions in US oil inventories. The latest data from the API indicates a decrease of 3.9 million barrels, surpassing the forecasted reduction of 2.5 […]
Asian Stock: China Resources Sanjiu Medical & Pharmaceutical

Asian Stock: China Resources Sanjiu Medical & Pharmaceutical

TM Editors’ note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence.Company: China Resources Sanjiu Medical & Pharmaceutical Company LimitedBloomberg ticker: 000999 SZMarket cap: US$8,442mBackground: China Resources Sanjiu Medical & Pharmaceutical Company Limited manufactures and markets medicines. The Company develops and sells prescription drugs, Chinese medicines, and other related products. China […]
Economic Forecast Impacts Of The 2024 Presidential Election

Economic Forecast Impacts Of The 2024 Presidential Election

Image Source: Unsplash  Business leaders looking to the future wonder how the election will impact the economy. A great deal is uncertain, but a few of the building blocks of an economic forecast are pretty clear. (This article takes an economic forecaster’s perspective; it will not tell you how to vote.)Most business planning decisions can be […]
Daily Market Outlook – Wednesday, July 24

Daily Market Outlook – Wednesday, July 24

Image Source: Pexels  On Wednesday, most Asian stock markets are experiencing a decline, influenced by the negative performance of Wall Street. Traders are feeling uncertain about the market’s future due to recent fluctuations and are hesitant to make big decisions before the release of important US GDP and inflation data later in the week. The Japanese […]