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Australia: Inflation Declines In July

Australia: Inflation Declines In July

Image Source: PixabayJuly headline inflation dropped from 3.8% in June to 3.5% YoY in July, though this was slightly higher than the consensus view (consensus 3.4%, ING f 3.5%). However, core measures of inflation came in lower and may offer more hope that inflation is finally beginning to respond to higher rates. Better news on inflation for […]
EUR/USD: Consolidation Within Uptrend Hints At Further Gains

EUR/USD: Consolidation Within Uptrend Hints At Further Gains

Image Source: PixabayFor the past two days, EUR/USD has been moving sideways, trading within a range of 1.1149 to 1.1201. What Does This Mean?   Consolidation Phase: As long as the pair remains within the rising price channel on the 4-hour chart, this sideways movement can be seen as a consolidation phase within the broader uptrend […]
The Post-2020 History Of The 10-2 Yield Curve

The Post-2020 History Of The 10-2 Yield Curve

Image Source: PexelsWe know the story. A disgusting virus spread across the world, terrorizing society into social and economic lockdown, causing crude oil to go to zero and many markets to begin a crash. The Fed sprang into action with Zero Interest Rate Policy (ZIRP), QE, MMT, and whatever other TMM (total market manipulation) it could […]
This Fakeout Breakout Could Be Our Biggest Win Of The Week

This Fakeout Breakout Could Be Our Biggest Win Of The Week

Image Source: Unsplash NVDA Earnings tomorrow, are you ready?  Markets are range-bound ahead of the biggest news of the week…Combine that with our bullish bias on the 60min chart and it’s easy to see why this Fakeout Breakout could be our biggest win of the week! E-Mini S&P (ES):   Emini is bullish into a range, […]
Current Analysis: Mitsubishi

Current Analysis: Mitsubishi

Image Source: PixabayMitsubishi Corp (MTSUY) is a conglomerate that operates businesses in various industries.Its operating segments include Natural Gas, Industrial materials, Petroleum & chemicals, Mineral resources, Industrial Infrastructure, Automotive, Food & Consumer Industry, Power Solutions, and Urban Development.The company was incorporated in 1950 and is headquartered in Tokyo, Japan.Three key data points gauge Mitsubishi or any […]
The Canadian Banks Find Reasons Not To Give Out Loans

The Canadian Banks Find Reasons Not To Give Out Loans

Image Source: PexelsSeemly, the poor outlook for the Canadian economy has gone largely unnoticed this summer, perhaps from benign neglect as millions of Canadians take time to enjoy the short-lived summer months. Nonetheless, a deteriorating set of economic variables continues to reveal an economy, if not in recession, at best on the brink of contracting. In […]
“Master Stock Market Trends: Elliott Wave Insights For SP500 & Nasdaq 100”

“Master Stock Market Trends: Elliott Wave Insights For SP500 & Nasdaq 100”

Image Source: UnsplashElliott Wave Analysis Indices: SP500 and Nasdaq Minor Elliott Wave 4 appears to be completed with the help of stocks like AAPL, NFLX, and NVDA. The smaller markets RUT, DAX 40 FTSE and ASX200 are also still very close to the counts on the SP500, which is leading higher over the Nasdaq finding the […]
Gold Hits New Record High, Bitcoin Battered As NVDA Earnings Loom

Gold Hits New Record High, Bitcoin Battered As NVDA Earnings Loom

Image Source: UnsplashConsumer sentiment lifted modestly today (headline Conf Board) but under the hood it was a shit-show with labor market weakness accelerating and purchasing-plans puking. Regional Fed surveys were also ugly (as home prices hit new record highs).That ‘bad’ news prompted a dovish shift in rate-cut expectations (with attention once again shifting to 2024 from 2025)…Source: BloombergThe […]
Nvidia: Will It Dive-Bomb Or Defy Expectations?

Nvidia: Will It Dive-Bomb Or Defy Expectations?

Image Source: PixabayNvidia (NVDA) reports after the close tomorrow, and it’s basically perceived as The Most Important Earnings in the History of the World. At the moment, it seems to have achieved equilibrium. Not only do I have no position, but I have no semiconductor positions at ALL. I will say, however, it would be delighted if this thing dive-bombed after the report.More By This […]
GBP/USD Scours Fresh Highs On Greenback Weakness

GBP/USD Scours Fresh Highs On Greenback Weakness

Photo by Colin Watts on Unsplash  GBP/USD lurched into a fresh 29-month peak as the US Dollar recedes. Markets continue to tilt into a risk-on stance as Fed rate cut hopes continue. UK economic data releases remain thin this week, US PCE inflation looms on Friday. GBP/USD tested into a fresh multi-year high on Tuesday, easing into a […]