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Archives by Year:
US Dollar Could Weaken More Broadly – Here’s Why
Image Source: Pexels While US indices, Nikkei futures, the USD/JPY and commodity dollars – some of the assets that have come under intense pressure – all bounced off their lows on Monday, we haven’t seen much follow-through so far in Tuesday’s session. This suggests that we are not out of the woods yet. But things could […]
Stocks Look To Claw Back Recent Losses, But…
Image Source: Pexels Following the worst day of trading in US stocks in almost two years, equity futures suggest the market will attempt to reclaim some of that lost ground today. Lending a helping hand is the pronounced reversal in Japan’s Nikkei 225, which finished up more than 10% earlier today following yesterday’s yen “carry trade” drop of […]
Elliott Wave Technical Analysis: Apple Inc. – Tuesday, Aug. 6
Image Source: Unsplash AAPL Elliott Wave Analysis Trading Lounge Daily Chart,Apple Inc., (AAPL) Daily Chart AAPL Elliott Wave Technical AnalysisFUNCTION: Counter Trend MODE: Corrective STRUCTURE: ZigZag POSITION: Wave {ii}. DIRECTION: Bottom in wave {ii}. DETAILS: We are looking for further upside to follow, despite the latest news about Warren Buffet selling half his Apple stake. The alternate count forecasts an ending diagonal in wave (5), which would take us higher but with limited upside.AAPL Elliott Wave […]
Indian Stock: Colgate-Palmolive (India)
Company: Colgate-Palmolive (India) LimitedBloomberg ticker: CLGT INMarket cap: US$9,612mBackground: Colgate-Palmolive (India) Limited manufactures consumer products in the oral care and body care area. The Company’s products include soaps, cosmetics, toilet preparations, toothpaste, toothbrushes, shaving brushes, and glycerin. World Class Benchmarking of Colgate-Palmolive (India) Ltd Profitable Growth rank of 1 was same compared to the prior period’s 1st rank This […]
The Yen Carry Dump
Weak employment data, the simmering Middle East, election jitters, and many other factors are taking the blame for rattling the markets. Those are important issues, but the infamous yen carry trade is the culprit. How do we know? Some of the assets most popular with short-term speculators are getting hit the hardest. Furthermore, the sharp […]
Bitcoin back at $55,000 after 8.5% recovery, ETF investors show “diamond hands”
Key Takeaways Bitcoin rebounds 8.5% to $55,000 as ETF investors show strong holding behavior. Spot Bitcoin ETFs experience record $5 billion trading volume with minimal 0.3% outflows. Bitcoin (BTC) is back at the $55,000 price level after a sharp 8.5% recovery over the past 24 hours. Spot BTC exchange-traded funds (ETF) investors’ activity has shown […]
Czech Industrial Output Contracts, Yet New Orders Rebound
Czech industrial production came in below market expectations, falling 9.1% from a year earlier. However, this was partially due to a high comparison base and more working days in the previous year. The acceleration in new orders suggests some improvement ahead, while average wage growth in industry decelerated. June was not too bad after all, but […]
EUR/USD Flirts With Break Below 1.09 While Greenback Sets The Record Straight
EUR/USD retreats back to 1.09, shedding 100 pips since its peak performance on Monday at 1.1008, when it added another tranche of gains at the beginning of the week to its stellar move following the poor US Nonfarm Payrolls (NFP) report on Friday. Markets were spooked by recession fears, sparking an equity crisis in Asia where the two […]
Warner Bros Stock Price Comeback Could Be Epic
Warner Bros. Discovery (WBD) stock price has been one of the worst-performing stocks in Wall Street this year as the company has faced substantial internal and external challenges. It has dropped by 30% this year while the stock market has risen by double digits. Challenges remainWarner Bros. Discovery and other media-related companies are not doing well […]
UBER Continues To Crush
While everybody knows that I’m bearish on the market overall – and especially on The Magnificent 7 – there are a few growth stocks I like. In fact, when it comes to Uber (UBER) I’m one of the biggest bulls around – and 2Q24 results just released bolster my conviction. 2Q24 Mobility + Delivery Bookings increased 20% and Revenue […]
