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Why Did The Market Sell-Off?

Why Did The Market Sell-Off?

Image Source: Pexels Alhambra CEO Joe Calhoun says overbought market conditions, carry trade and other factors were involved in the market selloff.Video Length: 00:10:18More By This Author:Friday Recap & DARP UpdateHousing Market CrashYen Carry Trade Unwinding
Summer Selloff Arrives, But Is It The Start Of A Bear Market Or A Buying Opportunity?

Summer Selloff Arrives, But Is It The Start Of A Bear Market Or A Buying Opportunity?

Image Source: Unsplash July saw new highs for the broad market indexes followed by a big fall from grace among the Magnificent Seven (MAG-7) stocks. But it looked more like a healthy rotation than a flight to safety, with a broadening into neglected market segments, as inflation and unemployment metrics engendered optimism about a dovish policy […]
Elliott Wave Technical Analysis: WTI Crude Oil – Tuesday, Aug. 13

Elliott Wave Technical Analysis: WTI Crude Oil – Tuesday, Aug. 13

WTI Elliott Wave AnalysisWTI Crude is showing gains in August 2024 after a sell-off in July, yet the commodity seems to have been trading within a range since March 2023. The current rally may face resistance below $85 before sellers potentially step in again.Long-Term OutlookIn the long term, WTI Crude is in a corrective phase, retracing the […]
Tether invests $3 million in Kem app to boost Middle East financial inclusion

Tether invests $3 million in Kem app to boost Middle East financial inclusion

Key Takeaways Tether invests $3 million in Kem app to introduce USDT and drive crypto adoption in the Middle East. MENA region is the sixth-largest crypto economy with $389.8 billion in on-chain value from July 2022 to June 2023. Tether Operations Limited is investing $3 million in Kem, a money transfer and financial management app. […]
Sensex Today Tanks 692 Points; Nifty Ends Below 24,150

Sensex Today Tanks 692 Points; Nifty Ends Below 24,150

After opening on a negative note, Indian share markets Slipped further as the session progressed and ended the day weak.Equity benchmark indices, BSE Sensex and NSE Nifty50, ended in negative territory on Wednesday.At the closing bell, the BSE Sensex stood lower by 692 points (down 0.9%).Meanwhile, the NSE Nifty closed lower by 208 points (down 0.9%).Titan, Nestle, and Apollo […]
Ripple And Tron: Tron In Pullback Since Saturday

Ripple And Tron: Tron In Pullback Since Saturday

Ripple chart analysisPrice of Ripple pulled back to the 0.5464 support level on Sunday evening. On Monday, a bullish consolidation was initiated from that level to 0.5800. So far this week, we have resistance at that level and are holding below. Today’s movement is in the 0.5600-0.5750 range. To continue to the bullish side, we need further bullish […]
PPI Meets Mideast

PPI Meets Mideast

S&P 500 pushed higher as per weekend premium predictions, and then the warning about Iran disrupted the bulls. Weak risk-on gave way to fast selling and then cautious trading range. And today we have PPI, which I‘m not looking to dramatically move markets one way or another, but have an opinion on what the figure […]
GBP/USD: Focus Turns To CPI From Both Sides Of The Pond

GBP/USD: Focus Turns To CPI From Both Sides Of The Pond

Image Source: Pexels  The just-released US PPI report was weaker than expected and we saw an immediate drop in the dollar in response. Earlier we had mixed-bag UK employment data helping to lift the pound across the board. The GBP to USD pair will be facing more tests later this week with CPI inflation and retail […]
Newsletter Writers Freaked Out Last Week

Newsletter Writers Freaked Out Last Week

The graph below from Bianco Research shows a stunning change in sentiment among stock market newsletter writers. The top graph shows that on July 23rd, newsletter writers were extremely bullish. In fact, such a high level of bullish optimism has only been recorded twice since 1990. The Investor’s Intelligence survey of newsletter writers fell to […]
Are Risk Appetites Recovering?

Are Risk Appetites Recovering?

Image Source: Pixabay  Overview: The Antipodeans and sterling lead the G10 currencies today. The New Zealand dollar is the strongest, though the central bank is likely to deliver its first rate cut tomorrow. The Australian dollar rose to a three-week near $0.6610. Sterling was lifted by a stronger than expected employment report (though wage growth slowed) ahead […]