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Oil Prices Rise A Tad, But Still Near 7-month Lows Amid Middle East Tensions, US Recession Fears

Oil Prices Rise A Tad, But Still Near 7-month Lows Amid Middle East Tensions, US Recession Fears

Image Source: Unsplash  Oil prices saw a slight uptick on Wednesday, with Brent crude futures rising by 45 cents, or 0.6%, to $76.93 a barrel.Meanwhile, US West Texas Intermediate (WTI) crude increased by 47 cents, also 0.6%, to $73.67 a barrel.Despite this upward movement, Brent crude remains near its lowest level in seven months, pressured by […]
Crypto recent pullbacks are five times softer than the Covid crash: CoinGecko

Crypto recent pullbacks are five times softer than the Covid crash: CoinGecko

Key Takeaways The largest crypto market sell-off in 2024 was -8.4%, significantly less than the -39.6% Covid-19 crash. Crypto has not recorded a single day of market correction since the FTX collapse in November 2022. Despite Bitcoin’s (BTC) recent dip of 29% in two weeks, the crypto market has shown resilience in 2024, with no […]
USDJPY Recovering, Nears 148 Level

USDJPY Recovering, Nears 148 Level

USDJPY heads towards 148 amid BoJ’s rate hold Carry trade unwinding Market instability may impact BoJ’s further actions 148 – key resistance/target level for USDJPY bulls USDJPY has accelerated its recovery towards the 148 level as the Bank of Japan stated that there will be no interest rate hikes at this time of market instability.According to the BoJ Deputy Governor, their stance on interest rates will “obviously” […]
USD/CAD Price Analysis: Upbeat Data Lifts Canadian Dollar

USD/CAD Price Analysis: Upbeat Data Lifts Canadian Dollar

The USD/CAD price analysis paints a bearish picture as the Canadian dollar recovers after upbeat economic data. At the same time, the loonie got a boost from rising oil prices and a pause in the US stock market sell-off.Data on Tuesday revealed an unexpected trade surplus of C$638 million in June as oil shipments in […]
Are The Lows In?

Are The Lows In?

The Bank of Japan (BoJ) just “blinked.”This mini-crisis was triggered by the BoJ raising rates for the first time since 2007, which in turn, blew up the Yen carry trade.I realize that sounds as if I’m speaking in code, so let me break this down. depositphotos As I outlined in my most recent bestseller, Into The Abyss, Japan […]
Unlocking ASX Trading Success: V300AEQ ETF Units – Wednesday, Aug. 7

Unlocking ASX Trading Success: V300AEQ ETF Units – Wednesday, Aug. 7

ASX: V300AEQ ETF UNITS – VAS Elliott Elliott Wave Technical Analysis TradingLounge (1D Chart)Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with V300AEQ ETF UNITS – VAS. We see wave 2-grey pushing a little lower, then wave 3-grey may come back later to push higher. I will be watching and looking for a […]
Confidence Is The Underappreciated Economic Engine

Confidence Is The Underappreciated Economic Engine

sk economists how they forecast economic activity. It’s likely they will mention productivity, demographics, debt, the Fed, interest rates, and a litany of other elements. Economic confidence is probably not at the top of the list for most economists. It is tricky to gauge as it can be inconsistent. However, confidence can sometimes change quickly […]
Utilities Lead US Equity Sectors This Year After Market Turmoil

Utilities Lead US Equity Sectors This Year After Market Turmoil

Utility stocks have taken the lead in 2024 among US equity sectors following the market sell-off in recent days, based on a set of ETFs through Tuesday’s close (Aug. 6). depositphotos  The spike in market volatility reshuffled the year-to-date performance horse race for sectors. The combination of a sharp decline in technology shares (XLK) and the safe-haven […]
The Affordability Of New Homes In The U.S.

The Affordability Of New Homes In The U.S.

For the 27th consecutive month since March 2022, the cost of the median new home sold in the United States remained fully out of the affordable reach of the typical American household. In June 2024, the monthly mortgage payment for the median new home sold would consume 42.3% of the household income earned by a […]
Rates Spark: Recovery Of Market Sentiment Helps Yields Nudge Up

Rates Spark: Recovery Of Market Sentiment Helps Yields Nudge Up

An improvement in market sentiment stemmed the equity sell-off and helped yields stabilize or nudge higher. Bund yields are likely to remain trading at lower ranges as eurozone recession risk is in the back of the mind of investors. US CPI numbers next week will be the next key data point to decide on the […]