Archives by Month:

Archives by Year:

Dealer No Deal

Dealer No Deal

Image Source: PixabayThe Broker/Dealer Index (XBD) is an item I’ve pointed out in recent days due to the price action’s relationship with the broken triangle. Once it tagged the apex, it was bye-bye.The longer view shows how vulnerable this sucker is.More By This Author:A Bond BullEquities In GDP TermsA Little Cost Slippage
Business Cycle Indicators – August Monthly GDP

Business Cycle Indicators – August Monthly GDP

Image Source: PexelsHere’s a snapshot of key indicators followed by the NBER’s Business Cycle Dating Committee, along with SPGMI’s monthly GDP.Figure 1: Nonfarm Payroll (NFP) employment from CES (blue), implied NFP from preliminary benchmark (bold blue), civilian employment (orange), industrial production (red), personal income excluding current transfers in Ch.2017$ (bold light green), manufacturing and trade sales in […]
The Most Insulting Economic Narrative

The Most Insulting Economic Narrative

Image Source: PexelsOne of the big puzzles of the last few years has been consumer sentiment. The US economy and stock market have outperformed virtually every global economy and market. Wages have grown nicely in the last few years. And yet sentiment remains subdued. What gives?First, the debate is highly partisan. Sentiment by Democrats tends to […]
GBPUSD Takes A Bearish Turn: What’s The Outlook?

GBPUSD Takes A Bearish Turn: What’s The Outlook?

Photo by Colin Watts on Unsplash The GBPUSD pair has made a significant move, breaking below the crucial 1.3312 support level and extending its downward trajectory to reach a low of 1.3237. This development suggests that the upward move from 1.3001 may have already peaked at 1.3434, signaling a potential shift in market sentiment.With this bearish breakout, traders are […]
Elliott Wave Technical Analysis: Iron Ore Commodity For Wednesday, Oct 2

Elliott Wave Technical Analysis: Iron Ore Commodity For Wednesday, Oct 2

Image by Tom from PixabayIron Ore Elliott Wave AnalysisThe Iron Ore Index is a vital benchmark in the iron ore market, providing essential insights for traders, miners, and steelmakers involved in contract settlements and managing price risks. This index is grounded in actual transactions within the iron ore spot market, making it a reliable indicator of market trends.The index reached […]
Bitwise’s XRP ETF bid likely to fail if SEC appeals Ripple case on Oct. 7 : Galaxy Digital Head of Research

Bitwise’s XRP ETF bid likely to fail if SEC appeals Ripple case on Oct. 7 : Galaxy Digital Head of Research

Key Takeaways The SEC’s appeal in the Ripple case could derail the approval of an XRP ETF. Investor interest in XRP ETFs hinges on SEC’s regulatory decisions. Share this article Bitwise’s XRP ETF bid is unlikely to succeed if the SEC appeals the Ripple ruling, which determined that XRP sales on secondary markets to retail […]
Financial Markets Report For Tuesday, Oct 1

Financial Markets Report For Tuesday, Oct 1

Image Source: PixabayIn this video, Ira Epstein reviews the activity in the Financial Markets after the day that just ended, Tuesday, October 1.Video Length: 00:10:42More By This Author:Metal Markets Report For Monday, Sept 30SPDR ETF Report For Monday, Sept 30Financial Markets Report For Monday, Sept 30
Middle East Powder Keg On The Brink Of Igniting

Middle East Powder Keg On The Brink Of Igniting

Image Source: PexelsStocks took a sharp dive on Tuesday as escalating tensions in the Middle East poured cold water on the bullish sentiment that had been propelling markets after a strong quarter. Oil prices spiked after Iran fired off a barrage of ballistic missiles in retaliation for Israel’s military strikes against Hezbollah, a key ally of […]
USD/CAD Drifts Higher To Near 1.3500 Amid Geopolitical Risks

USD/CAD Drifts Higher To Near 1.3500 Amid Geopolitical Risks

Photo by Michelle Spollen on Unsplash USD/CAD trades stronger to around 1.3495 in Wednesday’s early Asian session. The US ISM Manufacturing PMI remains unchanged in September. Higher crude oil prices provide some support to the Loonie. The USD/CAD pair trades with mild gains near 1.3495 during the early Asian session on Wednesday. The escalating geopolitical tensions in the Middle […]
Stocks Tumble As Technology Sector Is Battered

Stocks Tumble As Technology Sector Is Battered

Image Source: UnsplashStocks were sharply lower today following headlines about Iran launching missile strikes against Israel. This, unsurprisingly, pushed up implied volatility and oil prices, triggering a flight-to-safety trade.However, a deeper look suggests there was more to today’s market moves than just escalating tensions in the Middle East. Even before the market opened, negative headlines about Apple (AAPL) […]