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Analytical Overview Of The Main Currency Pairs – Monday, Aug. 5

Analytical Overview Of The Main Currency Pairs – Monday, Aug. 5

Image Source: Pexels  The EUR/USD currency pairTechnical indicators of the currency pair: Prev Open: 1.0787 Prev Close: 1.0911 % chg. over the last day: +1.15 % The euro rose by about 1% and approached $1.09 on Friday, benefiting from the general weakening of the dollar, amid concerns about the strength of the US economy after a disappointing jobs report. […]
ISM Services Survey Surged In July

ISM Services Survey Surged In July

After the shitshow of Soft Survey data on the Manufacturing sector last week, analysts are hoping for some heroics from the Services sector. Amid the collapse in ‘hard’ data, soft survey data remains the last great hope for saving Bidenomics (with all hopes on a big rebound in ISM from last month’s plunge)… S&P Global […]
Monitoring Hungary: Hopes For Growth Face A Reality Check

Monitoring Hungary: Hopes For Growth Face A Reality Check

In our latest update, we reassess our Hungarian economic and market forecasts at a time when economic activity has severely disappointed in the second quarter, leading us to lower our full-year GDP forecast to 1.5%. Our updated outlook prompts us to revise our terminal policy rate call for 2024 to 6.25%.  Hungary: At a glance Second-quarter […]
Sahm Is Not A Sham, But There Is Much More To The Picture As Our Long Held Plan Engages

Sahm Is Not A Sham, But There Is Much More To The Picture As Our Long Held Plan Engages

The Sahm Rule is getting airplay, but Sahm is not what I am… it is just one non-exceptional and somewhat lagging indicator of the coming recession“We are pointed toward recessionary dynamics”… well, no shit Sherlock.Claudia Sahm talks about the “big lever still to pull” by the Fed. That being a plethora of interest rate cuts. Sahm talks […]
Asian Stock: Radiant Opto-Electronics Corp

Asian Stock: Radiant Opto-Electronics Corp

TM Editors’ note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence.Company: Radiant Opto-Electronics CorporationBloomberg ticker: 6176 TTMarket cap: US$3,113mBackground: Radiant Opto-Electronics Corporation from Taiwan develops, manufactures, and sells optoelectronics products. The main products are backlight units (BLUs) used in LCD screens, smartphones, VR products, and computers, among others. […]
Fed’s Goolsbee: If Economy Deteriorates, Fed Will Fix It

Fed’s Goolsbee: If Economy Deteriorates, Fed Will Fix It

In an interview with CNBC on Monday, Federal Reserve (Fed) Bank of Chicago President Austan Goolsbee noted that there is a lot going on in the world, which makes things more complicated for them, per Reuters. Pexels Key takeaways”The Fed has been in a restrictive posture.””You only want to be that restrictive if there is fear of overheating; […]
Global Stock Market Sell-off As Yen Carry Trade Unwinds

Global Stock Market Sell-off As Yen Carry Trade Unwinds

 You could see it coming…Video Length: 00:06:31More By This Author:The Higher-For-Longer Trade May Be Over As The Bulls Run For The Exits Second-Quarter 2024 Thematic Growth Update The Year’s Biggest Pivot Point For The Market May Come Tomorrow
Nvidia Chip Delay Compounds Anxiety Over Recession Risk, AI Stocks Slide

Nvidia Chip Delay Compounds Anxiety Over Recession Risk, AI Stocks Slide

Image Source: Unsplash  Global markets tumbled Monday as fears of a U.S. recession intensified, sparked by disappointing jobs data and compounded by a reported delay in Nvidia’s (Nasdaq: NVDA) next-generation AI chip production.The confluence of events sent shockwaves through financial markets, with U.S. stocks poised for their worst opening of the post-pandemic era and Japanese markets experiencing a severe selloff […]
Increased US Recession Risk

Increased US Recession Risk

I closely monitor a few labor market indicators for clues on whether the U.S. economy has already entered or is headed for a recession. They have triggered a recession signal.One of the indicators I track is displayed in the chart below. The grey-shaded areas represent recession periods in the United States, as designated by the Business […]
Bitfinex analysts expect $48,900 as short-term bottom for Bitcoin

Bitfinex analysts expect $48,900 as short-term bottom for Bitcoin

Key Takeaways Bitcoin has crashed 17.7% in 24 hours, trading at $50,193.32. Macroeconomic factors and geopolitical tensions are driving the crypto market downturn. Bitcoin (BTC) is priced at $50,193.32 after crashing 17.7% over the past 24 hours, according to CoinGecko. The price went even further down but bounced back near the $49,000 price level, and […]