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The Shallow Downturn In Industrial Production Continues

The Shallow Downturn In Industrial Production Continues

Before I get to the (relatively) good news in retail sales, let’s take a look at the bad news from industrial production.On a monthly basis, production declined -0.3%. Manufacturing declined -0.4%. There were also downward revisions to last month. Both of these continue to slowly fade from their 2022 peak: On a YoY basis, production […]
Silver Worth $150-$170? – Facts To Make The Case For A Major Price Surge

Silver Worth $150-$170? – Facts To Make The Case For A Major Price Surge

Image Source: Pixabay The price of silver is often overshadowed by its flashier cousin, gold. While gold has been hitting new highs, silver is still playing catch-up. But that might not be the case for much longer. With some key historical trends and the current market setup, silver could be on the verge of a massive […]
Bitcoin Dominance Hits New Cycle High Of 58.9%, More Pain Before Altcoin Season?

Bitcoin Dominance Hits New Cycle High Of 58.9%, More Pain Before Altcoin Season?

Image Source: Unsplash As Bitcoin (BTC) inches closer to $70,000, its dominance in the wider crypto market has risen to a cycle high of 58.9%. Bitcoin Dominance Rises, Are Altcoins In Trouble? Bitcoin dominance (BTC.D), a metric that measures the proportion of the total cryptocurrency market cap commanded by the leading digital asset, has hit a new cycle […]
Shiba Inu Price Prediction: Can SHIB Reach A $100 Billion Market Cap?

Shiba Inu Price Prediction: Can SHIB Reach A $100 Billion Market Cap?

Image Source: Pexels Amid fluctuating price trends in the cryptocurrency market, Shiba Inu (SHIB) continues to experience significant volatility, facing persistent challenges at its resistance levels.Over the past 20 days, the meme coin has encountered rejection six times, raising questions about its ability to break through its current barriers.As Shiba Inu traders remain watchful, the critical […]
U.S. Markets Rise Amid Strong Retail Sales And Manufacturing Data, Boosting Investor Optimism

U.S. Markets Rise Amid Strong Retail Sales And Manufacturing Data, Boosting Investor Optimism

Image Source: Unsplash Thursday’s market gains seem to reflect optimism driven by solid economic data. Stronger-than-expected retail sales and a surprise rise in the Philadelphia Fed Manufacturing Index indicate that consumer spending and manufacturing are holding up well, suggesting resilience in the US economy despite higher interest rates. The drop in initial jobless claims further reinforces […]
FBI arrests man behind SEC twitter hack posting fake Bitcoin ETF approval

FBI arrests man behind SEC twitter hack posting fake Bitcoin ETF approval

Key Takeaways An Alabama man orchestrated a SIM swap to illegally access and manipulate the SEC’s Twitter account. The fraudulent Bitcoin ETF approval tweet caused a rapid $1,000 increase and subsequent $2,000 decrease in Bitcoin prices. Share this article The Federal Bureau of Investigation (FBI) today announced the arrest of Eric Council Jr., an Alabama […]
Softs Report – Thursday, Oct. 17

Softs Report – Thursday, Oct. 17

COTTON General Comments: Cotton was lower yesterday and trends are turning down on the daily charts as continued stressful weather was seen in the south but export demand was less. There are still ideas and reports of weaker demand potential against an outlook for improved US production in the coming year. There have been demand […]
ECB Cuts Rates Again With More To Come, Even If Lagarde Won’t Commit

ECB Cuts Rates Again With More To Come, Even If Lagarde Won’t Commit

Image Source: Pixabay No, nothing to see here. At least no growth panic. Rates were cut again because the ECB thought it could do so, not because it necessarily had to. This somehow is the main message the European Central Bank tried to convey at today’s meeting in Ljubljana. The decision to cut rates by 25bp only […]
Retail Sales: Consumers Spend More On Food, Less On Gasoline And Cars

Retail Sales: Consumers Spend More On Food, Less On Gasoline And Cars

According to the Census Department Advance Estimate, retail sales rose 0.4 percent in September. Advance estimates of U.S. retail and food services sales for September 2024, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $714.4 billion, an increase of 0.4 percent (±0.5 percent) from the previous month, and up 1.7 […]
Funds Piling On Shorts Again. The Corn And Ethanol Report

Funds Piling On Shorts Again. The Corn And Ethanol Report

We kicked off the day with Business Inventories, Retail Sales MoM & YoY, Initial Jobless Claims, Philadelphia Fed Manufacturing Index, Retail Sales Ex Autos MoM, Continuing Jobless Claims, Jobless Claims 4-Week Average, Philly Fed Business Conditions, Philly Fed CAPEX Index, Philly Fed Employment, Philly Fed New Orders, Philly Fed Prices Paid, and Philly Fed Prices […]