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Data Revisions Reveal: Consumers Have More Spending Power Than We Thought

Data Revisions Reveal: Consumers Have More Spending Power Than We Thought

Image Source: PexelsMonthly savings – Dr. Bill Conerly using data from U.S. Bureau of Economic AnalysisConsumers are in better financial shape than we had previously realized, according to revisions of critical information about U.S. incomes, spending and saving. Savings, in particular, are much higher than we had known.Like virtually all of our economic data, early releases are best-estimates […]
Market Briefing For Friday, Oct 11

Market Briefing For Friday, Oct 11

Image Source: Pexels Clenching-up – is what big-cap-led markets should be doing more of around now; but are resisting the ‘Rocktober’ tendencies. Aside the cap-weighted and thus pricey S&P (dominated by a so-called ‘magnificent seven’ not 493 ‘other’ stocks) gives an impression of strength beyond that exhibited by broader lists.Earnings resilience, or at least stability, matters; but so does the […]
GBP/USD Consolidates Around Mid-1.3000s, Seems Vulnerable Ahead Of UK Data

GBP/USD Consolidates Around Mid-1.3000s, Seems Vulnerable Ahead Of UK Data

Photo by Colin Watts on Unsplash GBP/USD draws support from subdued USD demand, though bulls remain on the sidelines. Expectations for more aggressive BoE policy easing undermine the GBP and cap the major. Traders now look to the UK data dump for short-term impetus ahead of the US PPI report. The GBP/USD pair struggles to capitalize on the […]
Bitnomial files lawsuit against SEC, challenges its claim that XRP futures are securities

Bitnomial files lawsuit against SEC, challenges its claim that XRP futures are securities

Key Takeaways Bitnomial legally challenges SEC’s classification of XRP as a security. Federal court’s previous ruling on XRP contradicts SEC’s current claims. Share this article The US Securities and Exchange Commission (SEC) has faced a second dispute this week. On Thursday, Chicago-based digital asset derivatives exchange Bitnomial said it had brought a lawsuit against the […]
Elliott Wave Technical Analysis: Polkadot Crypto Price News For Friday, Oct 11

Elliott Wave Technical Analysis: Polkadot Crypto Price News For Friday, Oct 11

Image Source: PexelsElliott Wave Analysis TradingLounge Daily ChartDOT/ U.S. dollar(DOTUSD)DOTUSD Elliott Wave Technical AnalysisFunction: Counter TrendMode: CorrectiveStructure: Double Correctiveposition: Wave ((Y))Direction Next higher Degrees: wave IVWave Cancel invalid level: Details: Wave IV is likely to be completed and price is likely to drop at 2.406DOT/ U.S. dollar(DOTUSD)Trading Strategy: This is a V wave retracement of wave (C), where […]
This Bull Trap Could Make Profit Entire Week

This Bull Trap Could Make Profit Entire Week

Image Source: Pixabay Finally Friday – Let’s Do This!  Markets are choppy after such a big move this week, and I see (2) reasons why this *BULL TRAP* could be our easiest money all week!Lots of great clues on the charts tonight…Bull flag on the Emini, and expanding triangle on Nasdaq…Combine those with the big move […]
Japanese Yen Seems Vulnerable Amid Diminishing Odds For More BoJ Rate Hikes

Japanese Yen Seems Vulnerable Amid Diminishing Odds For More BoJ Rate Hikes

Image Source: Pixabay The Japanese Yen fails to build on the overnight strength amid the BoJ rate hike uncertainty. A positive risk tone also undermines the JPY, though subdued USD demand helps limit losses. The fundamental backdrop suggests that the path of least hurdle for the JPY is to the downside. The Japanese Yen (JPY) struggles […]
Current Report: First Interstate BancSystem

Current Report: First Interstate BancSystem

Image Source: PixabayFirst Interstate BancSystem (FIBK) is a financial holding company. It is the parent company of First Interstate Bank, a community bank offering a range of internet, mobile, and other banking and financial services throughout Idaho, Montana, Oregon, South Dakota, Washington, and Wyoming.It delivers a range of financial products and services to both retail and […]
Financial Markets Report For Thursday, Oct 10

Financial Markets Report For Thursday, Oct 10

Image Source: PixabayIn this video, Ira Epstein reviews the activity in the Financial Markets after the day that just ended, Thursday, October 10.Video Length: 00:14:02More By This Author:Metal Markets Report For Wednesday, Oct 9Financial Markets Report For Wednesday, Oct 9Metal Markets Report For Tuesday, Oct 8
The Impacts Of The Hot CPI Report Have Yet To Be Felt

The Impacts Of The Hot CPI Report Have Yet To Be Felt

Image Source: UnsplashThe CPI report came in hotter than expected for the headline and core CPI metrics. CPI swap pricing did a good job of predicting the headline inflation rate. As a result, today’s report has led the swaps market to price higher CPI inflation rates for October and November. The swaps market is now pricing […]