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EUR/USD Looks For Higher Ground Above 1.06

EUR/USD Looks For Higher Ground Above 1.06

Image Source: Pixabay EUR/USD spiraled between key levels on Tuesday as momentum remains limited. Fiber is looking to stage a recovery back above the 1.0600 handle, but headwinds remain. A lack of key momentum-driving data is hobbling bullish momentum opportunities. EUR/USD chewed through chart paper between 1.0550 and 1.0600 levels on Tuesday, testing into the low […]
National Average Fuel Prices Nearing Three Year Low

National Average Fuel Prices Nearing Three Year Low

Photo by Timothy Newman on UnsplashNo sooner did President Trump win the election in a landslide than national average gasoline prices are set to fall below the $3 per gallon mark heading into the holiday season in the U.S.In fact, national average fuel prices have dropped to their lowest since January, nearing 2021 levels, with further declines likely as […]
3 Big Takeaways From The G20

3 Big Takeaways From The G20

Image Source: Pixabay Hello and greetings from Brazil.I am writing to you from the beautiful city of Rio de Janeiro, where global leaders across the G20 are gathering for the 19th summit.Brazil is almost a second home to me. I am grateful to have completed my PhD studies in Brazil, and I continue to have abundant business, […]
USD/CAD Softens To Near 1.3950 On Hotter Canadian CPI Data, Eyes On Geopolitical Risks

USD/CAD Softens To Near 1.3950 On Hotter Canadian CPI Data, Eyes On Geopolitical Risks

Photo by Michelle Spollen on Unsplash USD/CAD trades with mild negative bias near 1.3955 in Wednesday’s early Asian session.  The geopolitical risks might boost the safe-have currency like the USD.  Canada’s CPI inflation jumps to 2.0% in October from 1.6% in September.  The USD/CAD pair trades with mild losses around 1.3955 during the early Asian session on Wednesday. The […]
Trump considers crypto lawyer Teresa Goody Guillén for SEC Chair

Trump considers crypto lawyer Teresa Goody Guillén for SEC Chair

Key Takeaways Teresa Goody Guillén is being considered as SEC Chair in a potential Trump administration. Goody Guillén has support from the crypto industry due to her pro-crypto stance and SEC experience. Share this article President-elect Donald Trump is reportedly considering Teresa Goody Guillén, a blockchain lawyer and former SEC attorney, to lead the SEC, […]
The Last Time This Happened, The Price Of Silver Surged 150%

The Last Time This Happened, The Price Of Silver Surged 150%

Image Source: Pixabay Silver Prices Setting Up to Skyrocket? If you like silver, you need to pay extra attention right now. The price of silver is doing something that shouldn’t be ignored or brushed aside.In fact, a massive move to the upside could be in the making. The last time this happened, the price of silver […]
The Markets Are Looking For Stability… And They’ll Probably Find It

The Markets Are Looking For Stability… And They’ll Probably Find It

Image Source: Unsplash The markets were jolted this morning by the beat of war drums – an “update” to Russian nuclear doctrine said to be in response to Ukraine’s use of American missiles.This is only the latest setback for folks that have blindly chased the post-election rally. They’ve been feeling the pinch over the past week.But […]
Banks Covered Gold And Silver Shorts During Post Election Selloff

Banks Covered Gold And Silver Shorts During Post Election Selloff

Image source: Pixabay The data is out for the period covering the post-election selloff in gold and silver, and sure enough, the banks did a lot of short-covering.In today’s show we take a look at the latest data, and also how the metals have fared since the Fed’s 50 basis point rate cut in September while […]
Health Care Weightloss

Health Care Weightloss

We discussed the hard fall in Health Care sector stocks in today’s Chart of the Day. While the drop has resulted in extreme underperformance versus the S&P 500, it has also resulted in the sector’s weight in the S&P 500 falling dramatically. At the end of 2022, the sector’s weight rose almost to 16%. At that time, […]
U.S. Retail Earnings Update – Tuesday, Nov. 19

U.S. Retail Earnings Update – Tuesday, Nov. 19

Image Source: Unsplash To date, 143 of the 194 companies in our Retail/Restaurant Index have reported their EPS results for Q3 2024, representing 74% of the index. Of those companies that have reported their quarterly results, 62% announced profits that beat analysts’ expectations, while 5% delivered on-target results and 33% reported earnings that fell below estimates. […]