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US Existing Home Sales Puked (Again) In July

US Existing Home Sales Puked (Again) In July

US existing home sales slumped for the fourth straight month in June, plunging a worse than expected 5.4% MoM (the worst MoM drop since Nov 2022) and dragging sales down 5.4% YoY…Source: BloombergNotably, existing home sales have not risen on a YoY basis since July 2021, with the SAAR total back below 4mm, near COVID lockdown lows…Source: […]
Gold Price Gains As Us Yields Slumps Amid Firm Fed Rate-Cut Bets

Gold Price Gains As Us Yields Slumps Amid Firm Fed Rate-Cut Bets

Gold price (XAU/USD) gains ground near the round-level resistance of $2,400 in Tuesday’s North American session. The precious metal finds cushion as US bond yields slumps amid firm speculation that the Federal Reserve (Fed) will begin lowering its key borrowing rates from September. 10-year US Treasury yields tumble to near 4.23%. Higher yields on interest-bearing assets reduce the opportunity cost […]
Solana And Cardano: Cardano In Lateral Consolidation

Solana And Cardano: Cardano In Lateral Consolidation

Solana chart analysisThe price of Solana rose to the $185.00 level on Sunday evening. After forming this high, the price started to lose its previous bullish momentum. This led to the initiation of a bearish consolidation and a drop this morning to the $174.00 level. We managed to get support at that level and recover slightly to […]
Coca-Cola Tops Q2 Earnings And Revenue Estimates

Coca-Cola Tops Q2 Earnings And Revenue Estimates

Image Source: Pixabay  Coca-Cola (KO – Free Report) came out with quarterly earnings of $0.84 per share, beating the Zacks Consensus Estimate of $0.80 per share. This compares to earnings of $0.78 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 5%. A quarter ago, it was expected […]
Bear Of The Day: Crowdstrike

Bear Of The Day: Crowdstrike

CrowdStrike (CRWD) is a premier cybersecurity firm focused on end-point threat detection and response.And before they became headline news this weekend, the Zacks Rank detected significant downward EPS estimates on June 8. On June 11, our Short List algorithm added CRWD shares and is currently posting a 30% gain (as of 7/22) after shorting at $380. Why is […]
EUR/USD Analysis: Stability Remains Bearish

EUR/USD Analysis: Stability Remains Bearish

At the start of this week’s trading, the EUR/USD exchange rate remained stable around 1.0885, retreating from last week’s four-month high of 1.0940. Despite the decline, the EUR/USD stayed stable even as the US dollar weakened following President Joe Biden’s decision to withdraw from the 2024 elections. Investors are now assessing the impact of this […]
Bitcoin Perfectly Reacting Higher From Elliott Wave Blue Box Area

Bitcoin Perfectly Reacting Higher From Elliott Wave Blue Box Area

In this technical blog, we will look at the past performance of the Daily Elliott Wave Charts of Bitcoin ticker symbol: $BTCUSD. We presented to members at the elliottwave-forecast. In which, the rally from the 21 November 2022 low is unfolding as an impulse structure. Showing a higher high sequence favored more upside extension to take place. […]
UK Dividend Payouts Hit Record High Of £36.7 Billion In Q2: Can It Sustain?

UK Dividend Payouts Hit Record High Of £36.7 Billion In Q2: Can It Sustain?

In a remarkable display of resilience, the UK stock market has delivered unprecedented dividend payouts, reaching £36.7 billion in the second quarter of this year. This 11.2% year-on-year increase underscores the market’s strength and attractiveness to income-focused investors. However, the question remains: Can this impressive growth be sustained? Special dividends drive surgeThe record dividend payouts were significantly […]
Signs Of Severe Credit Card And Auto Loan Stress In Generation Z

Signs Of Severe Credit Card And Auto Loan Stress In Generation Z

The economy is slowing and that will hit the zoomers first and the hardest, especially renters.Shaky GroundThe idea for this post comes from the Wall Street Journal article American Borrowers Are on Shakier Ground. Years of higher inflation and interest rates have left consumers mired in debt, even as overall economy hums. I dispute the Journal’s […]
USD/JPY Analysis: Japanese Intervention Could Trigger Sell-Offs

USD/JPY Analysis: Japanese Intervention Could Trigger Sell-Offs

The Japanese yen held steady around 156.85 to the US dollar as investors prepared for the Bank of Japan’s policy meeting next week, where it could raise interest rates again to defend its currency. Japanese Prime Minister Fumio Kishida also said that the BOJ’s normalization of monetary policy would support Japan’s transition to a growth-based […]