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WTI Edges Lower Below $77.50 On Slowing Global Demand And Easing Fears Of Wider Middle East Conflicts

WTI Edges Lower Below $77.50 On Slowing Global Demand And Easing Fears Of Wider Middle East Conflicts

Image Source: Pixabay WTI trades in negative territory near $77.20 in Wednesday’s Asian session.  Less fears of a wider Middle East war and slowing global demand concerns undermine the WTI price.  API reported a significant fall in US crude inventories last week.  West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $77.20 on Wednesday. […]
This Perfect Pullback Could Be Our Biggest Win Of The Month

This Perfect Pullback Could Be Our Biggest Win Of The Month

Image Source: Pexels Here we go… CPI tomorrow morning!  Buyers made another big run higher today, and momentum just shifted bullish on the 60min timeframe…Put those (2) clues together and it’s easy to see why this *Perfect Pullback* might be our biggest win of the month!Did you see the 60min chart today? Buyers finally getting separation off […]
USD/JPY Edges Higher In A Familiar Range, Retakes 147.00 Mark Amid Risk-On Mood

USD/JPY Edges Higher In A Familiar Range, Retakes 147.00 Mark Amid Risk-On Mood

Image Source: Pixabay USD/JPY regains positive traction on Tuesday, albeit the uptick lacks bullish conviction.  A positive risk tone undermines the safe-haven JPY and lends some support to the pair. Bets for bigger Fed rate cuts weigh on the USD and should cap gains ahead of the US CPI. The USD/JPY pair attracts some dip-buying during […]
Nasdaq 100 & S&P 500 Elliott Wave Update – Tuesday, Aug 13

Nasdaq 100 & S&P 500 Elliott Wave Update – Tuesday, Aug 13

Image Source: PexelsThe NQ and ES has mostly muted to “dull” reaction to the latest PPI data. However, once the markets opened and “volatility triggers” were triggered, the upside caught on and began a nonstop march higher. As far as the EW pattern, which the structure itself is very ‘ugly’ the overall pattern continues to follow […]
Asia Morning Bites For Wednesday, Aug 14

Asia Morning Bites For Wednesday, Aug 14

Image Source: Pixabay Global Macro and Markets Global Markets: The market mood has shifted back towards rate cuts again in the last 24 hours with US PPI data coming in on the soft side ahead of today’s CPI numbers. 2Y US Treasury yields fell 8.8 basis points, and the 10Y yield fell 6.1bp taking it to  3.843%. […]
Crocs: A Durable Brand, But A Chart On The Brink

Crocs: A Durable Brand, But A Chart On The Brink

Image Source: PixabayEven though folks joke about Crox shoes, they have endured for decades. This chart, however, looks awfully vulnerable to a tumble.More By This Author:Missed Opportunity: Huntsman’s Plunge And The Puts I Sold Too Soon DJTriangleThe Meaningless Top
Trading Week Improves Ahead Of CPI Wednesday Morning

Trading Week Improves Ahead Of CPI Wednesday Morning

Image Source: PexelsThe promise of today’s pre-market carried through to the closing bell. Positive results from this morning’s wholesale inflation report — the Producer Price Index (PPI) — and a real shot in the arm for Starbucks (SBUX – Free Report) ahead of today’s open got the ball rolling, and market indexes closed at session highs: the Dow +407 points, +1.04%, the […]
Stock Market Indices: Elliott Wave Bullish Outlook For S&P 500 & Nasdaq 100

Stock Market Indices: Elliott Wave Bullish Outlook For S&P 500 & Nasdaq 100

Image Source: UnsplashElliott Wave Technical Analysis: S&P 500, Nasdaq 100, RUSSELL 2000, DAX 40, FTSE 100, ASX 200Elliott Wave Analysis for Indices: The current Elliott Wave count suggests a bullish setup, specifically wave (iii) of iii) of 3 of (1) of 5) for both the S&P 500 and Nasdaq 100. Recent lower PPI figures are supporting […]
Golden Streams: Top Gold Royalty Stocks To Cash In On Precious Metal Gains

Golden Streams: Top Gold Royalty Stocks To Cash In On Precious Metal Gains

Image Source: PixabayGold and silver royalty and streaming companies offer a unique way to invest in precious metals. Unlike traditional mining companies, royalty companies provide upfront capital to miners in exchange for a percentage of the revenue or the metal produced from a mine. Streaming companies, on the other hand, provide financing to mining operations in […]
Wall Street Is Back In The Grove

Wall Street Is Back In The Grove

Image Source: UnsplashWall Street is back in the groove as stocks climbed and Treasuries rallied. This was all thanks to some surprisingly tepid wholesale inflation figures that hit the tape just in time to set the stage for Wednesday’s main event—the consumer price index report.The S&P 500 enjoyed a robust ascent, marking a 1.4% increase by […]