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Australian Dollar Grapples To Hold Position Despite Upbeat China Inflation

Australian Dollar Grapples To Hold Position Despite Upbeat China Inflation

Image Source: Unsplash The Australian Dollar receives pressure despite higher-than-expected Chinese inflation data. China’s CPI increased 0.5% YoY in July, against the expected 0.3% and previous 0.2% readings. CME FedWatch tool suggests 100% odds of a 25-basis point Fed rate cut in September. The Australian Dollar (AUD) edges lower as the US Dollar (USD) advances further following the recent US Initial Jobless […]
Gold Price Consolidates In A Range Amid Mixed Cues, Bias Seems Tilted In Favor Of Bulls

Gold Price Consolidates In A Range Amid Mixed Cues, Bias Seems Tilted In Favor Of Bulls

Image Source: Pixabay Gold price struggles to capitalize on the previous day’s strong rise of nearly 2%.  The upbeat US labor market report underpins the USD and acts as a headwind. The risk-on impulse further caps gains, though Fed rate cut bets offer support.  Gold price (XAU/USD) rallied nearly 2% on Thursday and snapped a four-day […]
This Bear Trap Could Make Us A Fortune On Friday

This Bear Trap Could Make Us A Fortune On Friday

Image Source: Pixabay One day left, let’s finish strong!  Markets have been back and forth all week, but something feels different today…I see (2) clues on the charts tonight, that tell me this BEAR TRAP might be our biggest win of the week!These markets have been wild lately, right?But something tells me this “back and forth” […]
Financial Markets Report For Thursday, Aug 8

Financial Markets Report For Thursday, Aug 8

Image Source: PixabayIn this video, Ira Epstein reviews the activity in the Financial Markets after the day that just ended, Thursday, August 8.Video Length: 00:13:32More By This Author:Metal Markets Report For Wednesday, Aug 7SPDR ETF Report For Wednesday, Aug 7Financial Markets Report For Wednesday, Aug 7
Nasdaq 100 & S&P 500 Elliott Wave Update – Thursday, Aug 8

Nasdaq 100 & S&P 500 Elliott Wave Update – Thursday, Aug 8

Image Source: PexelsI guess that good feeling that the market had finally let us all know what the probable path was had an expiration date of 12 hours! Wednesday’s declines were engulfed by today’s rallies. However, I did shift to one of my “alternate” views and gave the potential paths for tomorrow and what the EW […]
3 Stocks To Watch Following Guidance Upgrades: LMT, NOC, CRH

3 Stocks To Watch Following Guidance Upgrades: LMT, NOC, CRH

Image Source: UnsplashEarnings season continues to roll along, with the period overall showing positivity and resilience.For the roughly 90% of S&P 500 companies that have reported Q2 results, total earnings are up +10.6% from the same period last year on +5.2% higher revenues, with 79.8% beating EPS estimates and 59.2% beating revenue estimates. (As of August […]
USD/CAD Recovers To Near 1.3750 Ahead Of Canadian Employment Data

USD/CAD Recovers To Near 1.3750 Ahead Of Canadian Employment Data

Photo by Michelle Spollen on Unsplash USD/CAD edges higher to near 1.3740 in Friday’s early Asian session.  The US Dollar recovery is bolstered by the upbeat US Initial claims last week.  The Canadian employment data will be in the spotlight on Friday.  The USD/CAD pair trades with mild gains near 1.3740, snapping the five-day losing streak during the early […]
US Markets Surge On A Whiff Of Surprisingly Good News

US Markets Surge On A Whiff Of Surprisingly Good News

Image Source: PexelsMARKETSUS stocks took off like “ Falcon Heavy” on Thursday, sky-rocketing up the charts after a whiff of surprisingly good news from weekly initial jobless claims hinted at a much better-than-expected US labour market. The S&P 500 bulged its chest, pumping up nearly 2.4%, while the tech-savvy Nasdaq vaulted over 3%. Not to be […]
The Stock Market Finally Held Their Gains After 2 Failed Attempts

The Stock Market Finally Held Their Gains After 2 Failed Attempts

Image Source: UnsplashThe stock market appeared confused this morning, reacting to the weekly jobless claims and continuing claims data as if the CPI report had come in 0.4% cooler than expected. The market has been trying to push higher since Monday’s sell-off, and although it failed on Tuesday and Wednesday, it succeeded today.If every Thursday is […]
The Defensive Sectors And VIX Have NOT Given The All-Clear Signal

The Defensive Sectors And VIX Have NOT Given The All-Clear Signal

Image Source: PixabayThe market has been a rollercoaster lately, with the resilience of defensive sectors and the modest bounce in the technology sector painting an intriguing picture. This movement hints at a temporary adjustment rather than a full-blown recovery. The VIX, still holding strong above 22, reinforces this idea and suggests we might be on the […]