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Corn Commodity Elliott Wave Technical Analysis – Wednesday, October 23

Corn Commodity Elliott Wave Technical Analysis – Wednesday, October 23

Corn Elliott Wave AnalysisCorn is currently retracing the decline from 2nd October. If that high is not breached, the commodity can run lower in the coming weeks, to continue the larger bearish cycle from May 2024. Thus, if the current bounce fails below the 2-October high and breaks below the 17-October low, the sellers can dominate for […]
Memory Inflation Warps Bond Yields

Memory Inflation Warps Bond Yields

The Mayo Clinic defines Post Traumatic Stress Disorder, or PTSD, as “a mental health condition that’s caused by an extremely stressful or terrifying event — either being part of it or witnessing it.” Within the field of PTSD research is a concept called “memory inflation.” Memory inflation occurs when memories of traumatic events become more intense over […]
AT&T’s Resilience Shines Through In Third-Quarter Performance

AT&T’s Resilience Shines Through In Third-Quarter Performance

AT&T Inc. (T) reported a steady third quarter for 2024, marked by continued growth in its Mobility service and broadband revenues. The company reported total revenues of $30.2 billion, a slight decline of 0.5% from the previous year’s third quarter. This decrease was primarily due to reduced Business Wireline service revenues and a drop in Mobility equipment […]
GM Clings To Its First In Class Status

GM Clings To Its First In Class Status

General Motors is riding easy — for now. After years of struggling to transform into an electrified rival to Tesla, the Detroit-based automaker is defying expectations, pumping up prices and edging ahead of its old-guard peers. The problem is, while the company led by Mary Barra is well-suited to this moment, the moment might be […]
Strong US Growth Still Expected For Next Week’s Q3 GDP Report

Strong US Growth Still Expected For Next Week’s Q3 GDP Report

Will the two hurricanes that hit the US Southeast region recently weigh on the upcoming third-quarter GDP data? Probably, although for the moment the impact is expected to be minimal, based on a set of nowcasts compiled by CapitalSpectator.com.The median growth estimate for the upcoming third-quarter GDP report (due on Oct. 30) is a robust […]
Continued Backing Up Of US Rates Extend The Greenback’s Gains

Continued Backing Up Of US Rates Extend The Greenback’s Gains

The persistent rise in US rates continues to help fuel dollar gains. The euro has been sold through $1.08 and the greenback has jumped over 1% against the yen to JPY152.75. It finished last week closer to JPY149.55. So far, Japanese officials have been fairly quiet, but this seems likely to change. The US two-year […]
Starbucks Stock Plummets As New CEO Faces Third Straight Quarter Of Sales Declines

Starbucks Stock Plummets As New CEO Faces Third Straight Quarter Of Sales Declines

Image Source: Starbucks  Starbucks Corporation (Nasdaq: SBUX) shares plunged nearly 5% in pre-market trading Wednesday after the coffee giant reported disappointing preliminary fourth-quarter results and suspended its fiscal 2025 guidance. The company posted its third consecutive quarter of declining sales, with global same-store sales falling 7% – its steepest drop since the COVID-19 pandemic.  Starbucks Reports Third Quarter of Sales […]
A Prescription For Fixing The US Healthcare System

A Prescription For Fixing The US Healthcare System

Image Source: Pixabay  Among the major issues not being discussed in the US presidential campaign are those facing the US healthcare system. The two main concerns are well-known.One is high cost. The US economy spends about $12,500 per person on health care in 2022, according to the OECD. The second- and third-highest countries, Switzerland and Germany, spend about $8,000 per […]
EUR/GBP Depreciates Toward 0.8300 Due To Rising Likelihood Of Another Rate Cut By The ECB

EUR/GBP Depreciates Toward 0.8300 Due To Rising Likelihood Of Another Rate Cut By The ECB

EUR/GBP remains subdued near 0.8310 during European trading hours on Wednesday, following losses in the previous session. The Euro is facing pressure as money markets have raised their expectations for further European Central Bank (ECB) rate cuts. This shift comes after improvements in inflation control but growing concerns about the Eurozone’s economic outlook.The ECB has […]
Salesforce Inc. Stocks Elliott Wave Technical Analysis – Wednesday, October 23

Salesforce Inc. Stocks Elliott Wave Technical Analysis – Wednesday, October 23

CRM Elliott Wave Analysis Trading LoungeSalesforce Inc., (CRM) Daily ChartCRM Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: MotivePOSITION: Minute wave {iii}.DIRECTION: Upside in wave {iii}.DETAILS: We are looking at the possibility of a significant bottom in place right above 200$, and we are now looking for upside within wave 3. Salesforce Inc., (CRM) 1H ChartCRM Elliott Wave Technical […]