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USD/CAD Posts Modest Gains Above 1.4000, Canadian CPI Data In Focus

USD/CAD Posts Modest Gains Above 1.4000, Canadian CPI Data In Focus

Photo by Michelle Spollen on Unsplash USD/CAD gains ground to around 1.4020 in Tuesday’s Asian session. The rising geopolitical risks support the USD.  The Canadian CPI inflation report will be in the spotlight on Tuesday.  The USD/CAD pair trades in positive territory near 1.4020 on Tuesday during the Asian trading hours. The resurgence of geopolitical tensions in the Middle East […]
The Canadian Cannabis Report – Monday, Nov 18

The Canadian Cannabis Report – Monday, Nov 18

Image Source: UnsplashFor the trading week ended November 15, 2024 my proprietary Canadian Cannabis Company Index (MCCCI) decreased by 5.9% compared to the prior week when it decreased by 9.5 %. The index consists of 14 stocks, many of which are among the most widely held holdings of the 3 ETFs (MJ, CNBS, and THCX) that I consider […]
Japanese Yen Trims A Part Of Intraday Gains; USD/JPY Shows Resilience Below 154.00 
                    

USD/JPY continues to show some resilience below 154.00 mark; bullish bias remains
 

Japanese Yen Trims A Part Of Intraday Gains; USD/JPY Shows Resilience Below 154.00 USD/JPY continues to show some resilience below 154.00 mark; bullish bias remains  

Image Source: Pixabay The Japanese Yen regains positive traction amid fears of a possible government intervention.  The USD remains on the defensive below the YTD peak and also weighs on the USD/JPY pair.  The BoJ rate-hike uncertainty might cap the JPY gains and offer some support to the major. The Japanese Yen (JPY) trims a part […]
These Two ETFs Have Outperformed S&P 500 Since 2021: Should Investors Take Notice?

These Two ETFs Have Outperformed S&P 500 Since 2021: Should Investors Take Notice?

Image Source: Pixabay BMO strategist Brian Belski expects S&P 500 to hit 6,700 level in 2025. JREU and GSPY are two ETFs that could still outperform SPX next year. An overview of what each of these funds have in store for investors. The S&P 500 is on track to close its second consecutive year with over […]
Wave Technical Analysis: Bitcoin Crypto Price News For Tuesday, Nov 19

Wave Technical Analysis: Bitcoin Crypto Price News For Tuesday, Nov 19

Image Source: UnsplashElliott Wave Analysis TradingLounge Daily ChartBitcoin/ U.S. dollar(BTCUSD)BTCUSD Elliott Wave Technical AnalysisFunction: Follow TrendMode: MotiveStructure: Impulseposition: Wave VDirection Next higher Degrees: wave (I)Wave Cancel invalid level:Details: The five-wave rise of wave V is likely equivalent to wave I at the 98360 level. Bitcoin/ U.S. dollar(BTCUSD)Trading Strategy:  The correction in wave 2 seems to be over so […]
Australian Dollar Holds Steady After The Release Of The RBA Meeting Minutes

Australian Dollar Holds Steady After The Release Of The RBA Meeting Minutes

Image Source: Unsplash The Australian Dollar holds its position as the RBA Minutes highlight the need for restrictive monetary policy. RBA Board members also emphasized that “nothing can be ruled in or out” regarding future monetary policy adjustments. The US Dollar may appreciate as the incoming Trump administration is expected to prioritize tax cuts and impose higher […]
Time To Buy Walmart Or Target Stock As Q3 Earnings Approach?

Time To Buy Walmart Or Target Stock As Q3 Earnings Approach?

Image Source: PexelsThird-quarter results from retail giants Walmart (WMT – Free Report) and Target (TGT – Free Report) will be a highlight of this week’s earnings lineup.  Both omnichannel retailers are expected to post sound quarterly growth with Walmart and Target set to release their Q3 reports on Tuesday, November 19, and Wednesday, November 20, respectively.   Walmart Q3 Expectations  Based on […]
Markets Mixed Monday: NVIDIA Forecast And More

Markets Mixed Monday: NVIDIA Forecast And More

Image Source: PexelsMarket indexes fought back from a temporary dip into the red this morning, with every major index aside from the Dow closing in the green to start a new trading week. The Dow closed -55 points, -0.13%, while the small-cap Russell 2000 saw a mirror image today, +0.13% on the session. The S&P 500 […]
Post-Nvidia W.A.G.

Post-Nvidia W.A.G.

Image Source: Pixabay  As I hope you know, the big event this week is NVDA earnings after the close on Wednesday. I’d like to offer a bit of a fantasy piece below, which I think is a plausible outcome over the next several days in these charts, assuming Nvidia doesn’t absolutely knock it out of the […]
Global Trends Signal A Calm Day Ahead For Asia

Global Trends Signal A Calm Day Ahead For Asia

Image Source: PexelsU.S. stocks staged a modest comeback Monday, clawing back some of last week’s steep losses. The S&P 500 gained 0.4%, snapping a two-day losing streak, while the Nasdaq Composite added 0.6%. The Dow Jones Industrial Average, however, bucked the trend with a slight dip of 0.1%, as cautious optimism permeated the marketsThis modest recovery […]