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The Range-Bound New Home Sales Market Continues

The Range-Bound New Home Sales Market Continues

As per my usual caveat, while new home sales are the most leading of the housing construction metrics, they are noisy and heavily revised. That was true again this month, as sales (blue in the graph below) increased almost 9% m/m to 693,000 annualized after February was revised downward by -25,000 to 637,000. As the five year […]
Crypto .com postpones expansion plans for South Korea, talks with regulators

Crypto .com postpones expansion plans for South Korea, talks with regulators

Cryptocurrency exchange Crypto.com has postponed its planned retail expansion in South Korea, originally scheduled for April 29, in order to engage in further communication with local regulators. The decision comes just six days before the intended launch date. “Korea is a difficult market for international exchanges to enter, but we are committed to working with […]
US Q1 GDP Growth Looks Set For Slowdown In Thursday’s Release

US Q1 GDP Growth Looks Set For Slowdown In Thursday’s Release

The US economy appears on track to post softer growth in the first-quarter GDP report scheduled for release on Thursday (Apr. 25), based on the median for a set of nowcasts compiled by CapitalSpectator.com.Output for the January-through-March period is currently estimated at a 2.0% increase  (seasonally adjusted real annual rate), unchanged from the previous estimate published […]
Gold Price Slides Even Without Dollar’s Help

Gold Price Slides Even Without Dollar’s Help

Gold slides once again today, proving that yesterday’s $67 slide was not accidental.And it’s happening without a rally in the USD Index. So, yes, the price of the yellow metal can indeed move also down, not only up. And since the medium-term trend in junior mining stocks did not change despite gold’s recent upswing, the next short-term […]
Dollar Index And Euro-Dollar. Medium-Term Forecast.

Dollar Index And Euro-Dollar. Medium-Term Forecast.

In mid-January, the main development options for this year for EUR/USD and USD/JPY were considered . At least a short-term strengthening of the dollar was expected; there were still options in the medium term.Let’s look at what happened in 3.5 months and further prospects.In update 10.01 the following schedule was given Below is the same graph at the moment. […]
Analysis Of Databricks’ Lilac Acquisition

Analysis Of Databricks’ Lilac Acquisition

Image Source: Pixabay  According to a recent report, the Data Science Platforms market is estimated to grow at 77% CAGR to reach $322.9 billion by 2026. Databricks, a leading data analytics solution provider, recently reported its annual revenues that grew more than 50%.  Databricks’s FinancialsSan Francisco-based Databricks was set up with the objective of integrating data engineering, science, […]
Gold’s Bull Run Is Not Just A US Dollar Story

Gold’s Bull Run Is Not Just A US Dollar Story

Last week, I had the pleasure of hosting a webcast on gold and gold mining stocks, and I was happy to be joined by portfolio manager Ralph Aldis. Thanks to all who participated!Regretfully, I’m not permitted to share a replay of our discussion since it was intended for financial advisors, but there are a few […]
Lockheed Martin (LMT) Beats On Top And Bottom Lines

Lockheed Martin (LMT) Beats On Top And Bottom Lines

Image Source: Pexels  CNBC’s Morgan Brennan joins ‘Squawk Box’ to report on the company’s quarterly earnings results.Video Length: 00:01:59More By This Author:Morgan Stanley Jumps On Earnings Beat Nvidia Posts Q4 Beat On Revenue And Earnings Disney CFO Hugh Johnston On Q1 Results, New Sports Streaming Alliance And Epic Games Investment
Eurozone PMI Signals A Pickup In Growth

Eurozone PMI Signals A Pickup In Growth

Image source: Pixabay  The PMI increased from 50.3 to 51.4 in April, suggesting that the Eurozone economy is finally leaving stagnation and returning to growth at the start of the second quarter. Inflationary pressures remain for the service sector but don’t expect this to deter the ECB from cutting ratesThe Eurozone economy is slowly getting out […]
Elliott Wave Technical Analysis: Analog Devices Inc. – Tuesday, April 23

Elliott Wave Technical Analysis: Analog Devices Inc. – Tuesday, April 23

Image Source: Unsplash  ADI Elliott Wave Analysis Trading Lounge Daily ChartAnalog Devices Inc., (ADI) Daily ChartADI Elliott Wave Technical AnalysisFUNCTION: Counter TrendMODE: CorrectiveSTRUCTURE: FlatPOSITION: Minor wave 2 of (3).  DIRECTION: Bottom in wave 2.  DETAILS: Looking for support to be found within the end of MG2 at 180, we will start looking for long afte we finally find support on top of […]