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The REAL Economic Data Was Released, It’s Not Good

The REAL Economic Data Was Released, It’s Not Good

Image source: Pixabay  Revisions are a normal part of high frequency data. Constant, near-exclusive downward revisions are not. Rewrites should be more evenly distributed which means these stats are overstating the economy. Plus, the problem is spreading hitting retail sales and IP as well as payrolls. While everyone went nuts over retail sales, the problem with […]
Sensex Today Trades Higher; BPCL & ONGC Top Gainers

Sensex Today Trades Higher; BPCL & ONGC Top Gainers

On Monday, Asian stocks took a breather following a remarkable rally in global equities, driven by expectations of reduced US interest rates due to cooling inflation.Equity markets in Japan fluctuated, while those in Australia edged lower.US stock market ended higher on Friday, extending its biggest weekly percentage gains of the year, with the S&P 500 and the […]
Expect Favorable CPI And PCE Inflation Reports For Two More Months

Expect Favorable CPI And PCE Inflation Reports For Two More Months

depositphotos The BLS published CPI numbers for July . PCE, the Fed’s preferred measure of inflation, won’t be published until August 30. Here are my projections through September. CPI data from the BLS, PCE data from the BEA, chart and projections by Mish Chart Notes CPI is the consumer price index. Monthly reports are from the Bureau of […]
Nio Stock Price Analysis: Brace For A Key Event On Aug. 22

Nio Stock Price Analysis: Brace For A Key Event On Aug. 22

 Image Source: Unsplash   Nio share price has crashed by over 50% in 2024. The company’s growth has accelerated in the past few years. However, costs have also jumped, leading to substantial losses. Nio (NYSE: NIO) stock price will be in the spotlight this week as the Chinese electric vehicle giant publishes its financial results. These […]
FX Daily: Exploring The Dollar’s Downside

FX Daily: Exploring The Dollar’s Downside

Image Source: Unsplash  The signs are subtle, but bearish dollar momentum is starting to build. The DXY dollar index is now dropping through the lows seen in early August. Events this week such as the July FOMC minutes, payroll revisions, and Federal Reserve speakers could add to the dollar’s losses. Investors may want to see how […]
US Dollar Weakness Intensifies

US Dollar Weakness Intensifies

Image Source: Pexels  The US Dollar has come back under notable pressure in recent sessions. There are a number of possible drivers of the price action, mostly positive. For the most part, we’ve seen a healthy uptick in investor risk appetite, helped along by this latest solid round of US economic data. Absence of first tier […]
BTC/USD Forex Signal: Bitcoin Weekly Chart Points To A Comeback

BTC/USD Forex Signal: Bitcoin Weekly Chart Points To A Comeback

Bullish view Buy the BTC/USD pair and set a take-profit at 62,718. Add a stop-loss at 56,000. Timeline: 1-2 days. Bearish view Set a sell-stop at 59,000 and a take-profit at 56,000. Add a stop-loss at 62,700. Bitcoin price drifted upwards during the weekend as the recent consolidation phase continued. The BTC/USD pair rose to 60,000, […]
Elliott Wave Technical Analysis: Polkadot Crypto Price News Today

Elliott Wave Technical Analysis: Polkadot Crypto Price News Today

Elliott Wave Analysis TradingLounge Daily Chart,Polkadot / U.S. dollar(DOTUSD)DOTUSD Elliott Wave Technical AnalysisFunction: Counter TrendMode: CorrectiveStructure: Double Correctiveposition: Wave ((Y))Direction Next higher Degrees: wave IIWave Cancel invalid level: Details: The decline of wave Y is likely to end and the price is re-entering the uptrend.Polkadot / U.S. dollar(DOTUSD)Trading Strategy:It looks like the wave 2 correction is complete […]
75% of circulating Bitcoin hasn’t been moved for six months: Glassnode

75% of circulating Bitcoin hasn’t been moved for six months: Glassnode

Key Takeaways 75% of Bitcoin has not moved in over six months, showing a strong holding pattern. Increased holding may reduce Bitcoin’s trading supply, potentially driving up prices, but CryptoQuant’s report suggests that Bitcoin could face a miner capitulation. Share this article Around 75% of circulating Bitcoin has stayed dormant for at least six months, […]
Market Briefing For Monday, August 19

Market Briefing For Monday, August 19

A neutral consolidation amidst signs of hope for economic normalization sort of dominated the end-of-week activity, with unspoken tensions remaining going into a military weekend, both in Ukraine/Russia and the Middle East.After the anticipated rebound of the past week, we saw positioning seemingly ignore the geopolitical factors, with a focus on relatively benign consumer or average economic […]