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The Commodities Feed: Steel Demand In China Disappoints

The Commodities Feed: Steel Demand In China Disappoints

Photo by Timothy Newman on Unsplash  The pick-up in Chinese steel demand remains slower than expected this year, continuing to weigh on steel profit margins and iron ore prices. Meanwhile, a bearish inventory report from the API put pressure on WTI prices this morning.  Metals – Chinese steel industry under pressureSteel inventories at major Chinese steel mills rose […]
USD/CAD Forecast: Bank Of Canada Flags Low Productivity

USD/CAD Forecast: Bank Of Canada Flags Low Productivity

The USD/CAD forecast turns bullish today as the Canadian dollar is losing ground, spurred by the Bank of Canada’s observation of persistently low productivity in Canada. Moreover, the loonie weakened alongside plummeting oil prices.PixabayBoC’s Carolyn Rogers said that Canada’s economy was vulnerable to inflation due to low productivity. Therefore, she urged businesses to increase productivity […]
AUD/USD Dips On Inflation Data, Falling Iron Ore And A Stronger USD

AUD/USD Dips On Inflation Data, Falling Iron Ore And A Stronger USD

 Image source: Pixabay   AUD/USD sells off midweek after Australia prints lower-than-expected inflation in February.  Another drop in Iron Ore prices, the country’s largest export, further weighs.  The US Dollar sees broad-based gains after another strong show of US data.  AUD/USD is down by over two tenths of a percent in the 0.6610s on Wednesday after […]
Beware Of Consolidation Ahead

Beware Of Consolidation Ahead

S&P 500 rose intraday only to repeat the flush in the power hour – the goods orders data above expectations didn‘t go well with a soft landing. While that doesn‘t change much for swing traders who would still capitalize on the upleg continuation, the intraday opportunities were amply telegraphed ahead and capitalized on by Ellin and […]
Q4 2023 Earnings: Quality Growth Takes Center Stage

Q4 2023 Earnings: Quality Growth Takes Center Stage

Most companies surpassed earnings expectations in the last quarter of 2023, with growth stocks, particularly in the S&P 500 Growth Index, showing significant earnings growth over value stocks. Pixabay The WisdomTree U.S. Quality Growth Index outperformed other indexes, reporting earnings growth of 41.4%, nearly double that of the S&P 500 Growth Index, despite being under-weight […]
Ethereum Commentary – Wednesday, March 27

Ethereum Commentary – Wednesday, March 27

Image Source: Unsplash  ETH Recovery StallsEthereum Futures continue to hold around the mid-way point of the recent highs and the corrective low put in last week. The second-largest traded crypto asset by market-cap followed Bitcoin lower from recent highs as profit taking and speculative selling kicked in around the FOMC. A stronger US Dollar saw crypto […]
What’s Next For US Dollar After Recent Gains?

What’s Next For US Dollar After Recent Gains?

The major currency pairs like the EUR/USD are expected to have a quieter week following last week’s central bank bonanza, although the USD/JPY and yen pairs are likely to be more headline-driven amid repeated verbal intervention from Japanese officials – we may even see actual intervention if the yen were to weaken significantly further. For […]
Floating-Rate And Junk Bonds Lead Fixed Income So Far In 2024

Floating-Rate And Junk Bonds Lead Fixed Income So Far In 2024

The bond market has struggled to fully recover from the Federal Reserve’s aggressive run of interest-rate hikes in 2022-2023, but pockets of strength remain conspicuous. Within the fixed-income space, a degree of relative resilience persists for floating-rate securities, low-rated loan securities, and junk bonds, based on year-to-date performance via a set of ETFs through Tuesday’s […]
Elliott Wave Technical Analysis: WTI Crude Oil – Wednesday, March 27

Elliott Wave Technical Analysis: WTI Crude Oil – Wednesday, March 27

Image Source: Unsplash  WTI Elliot Wave Analysis Function – Counter-trend Mode – Corrective Structure – Zigzag Position – Wave (b) of ‘y’Direction – Wave (b) of ‘y’ is still in playDetails –  A pullback for (b) is happening as expected. Wave (b) is expected to find support at 80 -79 inside the blue zone. Wave (c) should begin from there. Since mid-December 2023, WTI has been ascending in a corrective manner. During this period, the commodity has […]
Fixing FDR’s Biggest Blunder: From Gold Standard To Fiat Folly And Back

Fixing FDR’s Biggest Blunder: From Gold Standard To Fiat Folly And Back

By Jp Cortez, Sound Money Defense LeagueToday, states across the country are beginning to actively embrace pro-sound money legislation, inviting a critical examination of how America abandoned the gold standard of money and racked up $34.5 trillion in debt. To understand how we got here, it’s important to understand the policy that initiated our monetary decline.  91 […]