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Daily Market Outlook – Tuesday, Dec. 3

Daily Market Outlook – Tuesday, Dec. 3

Image Source: Pexels  Since the recent US limitations on Chinese access to critical semiconductor and AI components weren’t as harsh as anticipated, most Asian markets witnessed gains overnight, especially in the technology sector. While stock indexes rose in a number of nations, such as Australia and Japan, Chinese equities initially dipped after the Yuan fell to […]
USD/JPY Forecast: Struggles Below 150

USD/JPY Forecast: Struggles Below 150

The US dollar initially did try to recover against the Japanese yen during the trading session on Monday, but a lower than anticipated manufacturing PMI number may have been a bit of a problem. While that has seen the US dollar rocket higher against other currencies, I think this is more or less a situation […]
Brent Oil Prices Dip Ahead Of Crucial OPEC+ Meeting

Brent Oil Prices Dip Ahead Of Crucial OPEC+ Meeting

Image Source: Unsplash  Brent crude oil prices have declined to 71.65 USD per barrel as the commodity market remains tense ahead of this week’s postponed OPEC+ meeting, now rescheduled for Thursday, 6 December. The market is concerned about the direction of future global oil supply amid fears of oversaturation. The prevailing expectation is that OPEC+ might […]
In Store Sales Falter Despite A Good Black Friday

In Store Sales Falter Despite A Good Black Friday

Based on early Black Friday sales estimates, sales were strong, but shoppers were much more inclined to take advantage of online sales than go to the malls and stores in person. Mastercard SpendingPulse estimates that in store sales only grew by 0.7% from last year, while online sales rose by nearly 15%. Facteus, another data […]
Will NFP Increase The Case For A December Fed Rate Cut

Will NFP Increase The Case For A December Fed Rate Cut

The US labor market shows signs of broader weakness beyond temporary factors like strikes and hurricanes. October’s non-farm payrolls missed expectations according to ING, with state data revealing 29 states saw job declines, signaling a broader slowdown. So, it is unlikely that the hurricane and strikes from Boeing impacted all 29 states. Adjusting for temporary disruptions, “true” payroll […]
Median Household Income In October 2024

Median Household Income In October 2024

Motio Research’s initial estimate of U.S. median household income in October 2024 is $82,222. This figure is $85 (0.1%) less than the firm’s initial estimate of median household income in September 2024 of $82,307.Motio Research’s estimates are based on income data collected by the U.S. Census Bureau as part of its monthly Current Population Survey. The firm […]
Forex Today: USA, Germany, Australia See Stock Markets Hit Record Highs

Forex Today: USA, Germany, Australia See Stock Markets Hit Record Highs

Image Source: Unsplash  Major stock market indices power to all-time highs in the USA, Germany, and Australia. Although global stock markets are mixed, with several markets such as China recently reaching multi-month lows, some stock markets are booming, trading at new record highs. The leader is the USA, where the S&P 500 broke its record, while the technology-based Nasdaq […]
Elliott Wave Technical Analysis – Nikkei 225 – Tuesday, Dec. 3

Elliott Wave Technical Analysis – Nikkei 225 – Tuesday, Dec. 3

NIKKEI 225 (N225) Elliott Wave Analysis Trading Lounge Day ChartNIKKEI 225 (N225) Elliott Wave Technical Analysis Function: Bullish Trend Mode: Impulsive Structure: Orange Wave 1 Position: Navy Blue Wave 3 Direction Next Lower Degrees: Orange Wave 2 DetailsThe NIKKEI 225 daily chart reflects an Elliott Wave analysis indicating a bullish trend. The current wave structure is classified as orange wave 1, which is […]
Sensex Today Trades Marginally Higher; Nifty Above 24,250

Sensex Today Trades Marginally Higher; Nifty Above 24,250

Asian equities rose to follow the positive lead from Wall Street where a rally in the world’s largest technology companies drove stocks to fresh all-time highs.Equity benchmarks opened higher in both Japan and South Korea, with Australian shares also recording gains.The US stock market opened mixed on Monday, with two main indices gaining.Here’s a table […]
ETH/USD Forecast: Ethereum Continues To Consolidate After A Break Higher

ETH/USD Forecast: Ethereum Continues To Consolidate After A Break Higher

During my daily analysis of the cryptocurrency markets, the Ethereum market has caught my attention, because we initially did try to rally, only to give back gains and drop to the $3600 level. This is an area that’s been important multiple times, and it is an area that I have mentioned a few times here […]