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China launches ¥500 billion funding scheme to support stock market

China launches ¥500 billion funding scheme to support stock market

Key Takeaways China’s central bank has launched a ¥500B scheme to support the stock market. Financial institutions can use various assets as collateral under the new funding scheme. Share this article The People’s Bank of China (PBOC) said today it has established a ¥500 billion ($70.6 billion) funding scheme to support the Chinese capital market. […]
Markets Up Ahead Of CPI, Jobless Claims Thursday

Markets Up Ahead Of CPI, Jobless Claims Thursday

Image Source: UnsplashMarkets closed today’s session in the green across the board. The Dow shot forward +431 points, +1.03%, the S&P 500 +0.71%, the Nasdaq +108 points, +0.60% and the small-cap Russell 2000 +0.15%. This, after opening today’s session flat-to-down on each of the major indexes. Big Morning for Inflation, Jobs Data Thursday Tomorrow morning, being […]
A Detailed Analysis Of Q3 Earnings Expectations

A Detailed Analysis Of Q3 Earnings Expectations

Image Source: Unsplash Estimates for 2024 Q3 came down since the start of the quarter on July 1st, with the magnitude of estimate cuts significantly bigger than what we had seen in the comparable periods of other recent quarters. This negative shift in the revisions trend sharply contrasts the prior favorable development on this front in […]
Nasdaq 100 & S&P 500 Elliott Wave Update – Wednesday, Oct 9

Nasdaq 100 & S&P 500 Elliott Wave Update – Wednesday, Oct 9

Image Source: PexelsTonight, I have taken down the labeling for the “continuing Minor 4th waves) from both the ES and the NQ. They remain possible, but it is necessary to detail the “Minor 5th waves up) that also carry IMO a bit more probability of being in force. I also review Minor 5th wave Fibonacci levels […]
Financial Markets Report For Wednesday, Oct 9

Financial Markets Report For Wednesday, Oct 9

Image Source: PixabayIn this video, Ira Epstein reviews the activity in the Financial Markets after the day that just ended, Wednesday, October 9.Video Length: 00:11:32More By This Author:Metal Markets Report For Tuesday, Oct 8Financial Markets Report For Tuesday, Oct 8SPDR ETF Report For Monday, Oct 7
This CPI Rug Pull Could Make Us A Fortune Tomorrow Morning

This CPI Rug Pull Could Make Us A Fortune Tomorrow Morning

Image Source: Pixabay CPI tomorrow… are you ready?  Markets made another big move higher today – combine that with tomorrow’s CPI Report and this *Rug Pull* Strategy could be an easy win!Emini and Nasdaq are WAY over-extended into the biggest news of the week…I’d love to see a sharp correction off the highs, and I’ll use […]
EUR/USD Hangs Near Two-Month Low, Seems Vulnerable Below Mid-1.0900s Ahead Of US CPI

EUR/USD Hangs Near Two-Month Low, Seems Vulnerable Below Mid-1.0900s Ahead Of US CPI

Image Source: Pixabay EUR/USD struggles to attract any meaningful buyers amid a bullish USD.  The fundamental backdrop seems tilted firmly in favor of bearish traders. Investors await the release of the US CPI report before placing fresh bets. The EUR/USD pair oscillates in a narrow band below mid-1.0900s during the Asian session on Thursday and consolidates […]
Australian Dollar Extends Decline As Traders Brace For US CPI Data

Australian Dollar Extends Decline As Traders Brace For US CPI Data

Image Source: Unsplash The Australian Dollar remains under selling pressure in Thursday’s Asian session.  The firmer USD and lack of further China’s stimulus measures drag the pair lower.  The US CPI inflation data will be in the spotlight on Thursday. The Australian Dollar (AUD) extends its decline on Thursday. The stronger US Dollar (USD) amid rising […]
Are Pharma Stocks Harmful To Your Financial Health ?

Are Pharma Stocks Harmful To Your Financial Health ?

Image Source: PexelsIn the 1960s, regulators determined that cigarettes were harmful to smokers’ health and a warning label was required to be on all cigarette packages. Later, cigarette makers were banned from advertising on television and in magazines.Now there is a proliferation of glitzy ads for risky biotechnology stocks on CNBC and other financial television programs. […]
Asia Morning Bites For Thursday, Oct 10

Asia Morning Bites For Thursday, Oct 10

Image Source: Unsplash Global Macro and Markets   Global Markets: US Treasury yields kept rising yesterday as the recent Fed minutes suggested that some of the attendees felt a 25bp cut would have been more appropriate. The Fed’s Daly overnight has suggested that another one or two 25bp cuts this year would seem likely. 2Y yields rose […]