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Archives by Year:
U.S. Dollar/Japanese Yen (USDJPY) Forex Elliott Wave Technical Analysis
Yen. Image Source: Pixabay USDJPY Elliott Wave Analysis Trading Lounge Day Chart,U.S. Dollar/Japanese Yen (USDJPY) Day Chart USDJPY Elliott Wave Technical Analysis Function: Trend Mode: Impulsive Structure: Navy blue wave 3 Position: Gray wave 1 Next Lower Degrees Direction: Navy blue wave 3 (initiated) Details: Navy blue wave 2 appears completed, and navy blue wave 3 is currently active. Wave Cancel Invalid Level: 149.495The […]
20Y Auction Sees Lackluster Demand Despite 6th Consecutive Stop Through
Image Source: Pixabay In a day when the markets have tried to make sense of today’s near-record downward revision to payrolls, moments ago the US sold $16BN in 20Y paper, and despite the prevailing confusion (does the dire BLS data confirm a 50bps rate cut, or do we stick with 25bps), there were plenty of buyers, […]
Canadian Rail Strike Imminent Adding Inflation That’s Not Sustainable. The Corn & Ethanol Report
Image Source: Unsplash We kicked off the day with MBA 30-Year Mortgage Rate, MBA Mortgage Applications, MBA Mortgage Market Index, MBA Mortgage Market Refinance Index, and MBA Purchase Index at 6:00 A.M., EIA Energy Stocks at 9:30 A.M., 17-Week Bill Auction at 10:30 A.M., 20-Year Bond Auction at 12:00 P.M., FOMC Minutes and 20-Year Bond Auction […]
The Next Big Move: September Fed Meeting
Image source: Wikipedia Many experts anticipate the Fed will hold rates steady at 5.25%-5.50%, waiting for inflation to cool further toward its 2% target. Nevertheless, recent market turbulence has also sparked speculation of a rate cut in September, possibly between 25 and 50 basis points. According to the latest Reuters Poll, on Monday, August 19, fifty-five […]
Crypto is now integral to investors’ wealth strategy, says EY executive
Key Takeaways Over 70% of crypto investors view digital assets as key to wealth building. 64% of retail investors are in digital assets, with 69% planning to increase holdings. Share this article Over 70% of crypto investors consider this asset class as a key component of their wealth-building strategy, according to an EY-Parthenon survey. Prashant […]
Animoca Brands-backed Soulbound raises $4 million for Web3 social gaming
Share this article British Virgin Islands – August 19, 2024 – Soulbound, a web3 social gaming ecosystem, has raised $4 million to power its mission to empower the new creator economy. By creating a new avant-garde platform, Soulbound seamlessly marries GameFi and SocialFi into a next-generation digital experience.Soulbound’s latest round concluded in Q2 2024, with […]
U.S. Retail Earnings Update – Wednesday, Aug. 21
Image Source: Unsplash To date, 158 of the 199 companies in our Retail/Restaurant Index have reported their EPS results for Q2 2024, representing 79% of the index. Of those companies that have reported their quarterly results, 72% announced profits that beat analysts’ expectations, while 4% delivered on-target results and 24% reported earnings that fell below estimates. […]
Target’s Price Cuts Pay Off With Big Beat, Stock Soars 16%
Image Source: Unsplash Target (NYSE: TGT) stock jolted 16% higher on Wednesday morning on the heels of the second-quarter 2024 earnings beat and guidance raise.The big-box retail chain reported adjusted earnings of $2.57 per share, up 40% year over year from $1.80 in the year-earlier quarter, beating Wall Street’s consensus estimate bybyby.Furthermore, Target’s Q2-2024 revenue grew 2.7% year over year to $25.5 billion, slightly […]
Mapped: Electric Vehicle Adoption By State
In 2023, sales of electric vehicles (EVs) passed the 1.6 million mark.To visualize where EVs are the most popular, this map shows the number of registered EVs per 100,000 people by state as of June 2024. The vehicle registration data is sourced from the U.S. Department of Energy, while population data is from the U.S. Census Bureau.Only […]
Major Downward Revisions To U.S. Jobs Pushes The Fed To Act
The Bureau for Labor Statistics has acknowledged that its non-farm payrolls estimates were above the levels shown by tax records to the tune of 818,000. So rather than adding 2.9mn jobs in the 12M to March 2024, there were only 2.1mn new jobs. This means labour market momentum is being lost from a weaker position […]
