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Data Thursday But Markets Unimpressed

Data Thursday But Markets Unimpressed

An eerie calm hangs over the foreign exchange market on this the anniversary of the end of the Bretton Woods agreement 53 years ago today. Narrow ranges are dominating. Strong Australian jobs data and a cautious Norwegian central bank have underpinned their respective currencies today. A firm Q2 UK GDP appears to have given sterling […]
Cowardly And Corrupt. The Energy Report

Cowardly And Corrupt. The Energy Report

Oil prices shook off supportive data from the Energy Information Administration (EIA) as the cowardly and corrupt Iranian regime most likely won’t attack Israel directly. The Times of Israel, sending high-level team to Doha talks, seen as possible last chance for a deal. Reports say that a team led by heads of Mossad, Shin Bet, […]
US Economic Data Surprises: Retail Sales Surge Amid Manufacturing Slowdown And Mixed Inflation Signals

US Economic Data Surprises: Retail Sales Surge Amid Manufacturing Slowdown And Mixed Inflation Signals

The retail sales figure of 1% significantly exceeded both the consensus (0.3%) and the forecast (0.2%), indicating a strong consumer spending environment. This suggests that despite concerns about inflation or other economic headwinds, consumer demand remains resilient, which is a positive sign for economic growth.Retail sales excluding autos rose by 0.4%, above the consensus and […]
NextEra Energy Inc.(NEE) Stocks Elliott Wave Technical Analysis – Thursday, August 15

NextEra Energy Inc.(NEE) Stocks Elliott Wave Technical Analysis – Thursday, August 15

NEE Elliott Wave Analysis Trading Lounge Daily Chart,NextEra Energy Inc., (NEE) Daily Chart NEE Elliott Wave Technical AnalysisFUNCTION: Trend MODE: Impulsive STRUCTURE: Motive POSITION: Wave {i} of 5.  DIRECTION: Upside in wave {iii}. DETAILS: We are looking at what could be a bottom in wave {ii}, and we are forecasting further upside into wave {iii} of 5 to start trading above TL8 at 80$. NEE Elliott Wave Analysis Trading Lounge 4H Chart,NextEra Energy […]
Thoughts For Thursday: Won’t You Please Come To Chicago

Thoughts For Thursday: Won’t You Please Come To Chicago

The 2024 Democratic Convention kicks-off next Monday, August 19. It remains to be seen if the market will get a lift similar to that expected by the Harris-Walz ticket. August doldrums be damned. depositphotos Wednesday the S&P 500 stayed well above 5,000, closing at 5,455, up 21 points. The Dow closed at 40,008, up 243 points, while […]
USD/JPY Surges Above 149.00 After Upbeat US Data

USD/JPY Surges Above 149.00 After Upbeat US Data

USD/JPY gathered bullish momentum and broke out of its one-week-old range in the American session on Thursday. At the time of press, the pair was trading a few pips above 149.00, rising 1.1% on a daily basis. US Dollar benefits from upbeat dataThe renewed US Dollar (USD) strength triggered an upsurge in the second half of the […]
Bull Of The Day: Construction Partners

Bull Of The Day: Construction Partners

Construction Partners (ROAD) , a Zacks Rank #1 (Strong Buy), is engaged in the construction of roadways across several southern U.S. states. ROAD shares are widely outperforming the market this year with the backing of a leading industry group. The stock is hitting a series of 52-week highs and displaying relative strength as buying pressure […]
BTC/USD Forecast: Questions Of Risk Appetite 
                    
Volatility Continues

BTC/USD Forecast: Questions Of Risk Appetite Volatility Continues

The market has recently rallied pretty significantly from the $50,000 level after that major flash crash in risk assets a couple of weeks ago. And now it looks like we are trying to digest some of those gains. That being said, one thing that I cannot ignore at this point in time is that since […]
Psychedelic Compound-Based Drug Stocks Portfolio: Up 17.5% In July; Down 19% MTD

Psychedelic Compound-Based Drug Stocks Portfolio: Up 17.5% In July; Down 19% MTD

Image Source: UnsplashAn IntroductionThis article highlights the 4 largest market cap clinical-stage psychedelic compound-based drug discovery companies in the munKNEE Psychedelic Compound Based Clinical-Stage Drug Stocks Portfolio with their stock performances MTD as of yesterday, in descending order, in the month of July, their areas of focus, and their latest news, analyses and commentary where available.  Compass Pathways (CMPS): […]
AUDUSD Forex Elliott Wave Technical Analysis – Thursday, August 15

AUDUSD Forex Elliott Wave Technical Analysis – Thursday, August 15

AUDUSD Elliott Wave Analysis Trading Lounge Day Chart Australian Dollar/U.S. Dollar (AUDUSD) Day ChartAUDUSD Elliott Wave Technical Analysis Function: Trend Mode: Impulsive Structure: Navy Blue Wave 1 Position: Gray Wave 3 Direction Next Higher Degrees: Navy Blue Wave 1 (Continue) Details: Gray Wave 2 appears to be completed; currently, Navy Blue Wave 1 of 3 is in progress. Wave Cancel Invalid Level: 0.63489 The […]