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Daily Market Outlook – Friday, March 22

Daily Market Outlook – Friday, March 22

Image Source: Pixabay  Asian equity markets are displaying mixed performance this morning, despite gains seen in European and US markets yesterday. Bank of Japan Governor Ueda stated that the BoJ will allow longer duration bond yields to be determined by markets and may reduce purchases at some point. In a continuation of yesterday’s monetary policy update, […]
Elliott Wave Technical Forecast & Analysis: ASX:REA Group LTD

Elliott Wave Technical Forecast & Analysis: ASX:REA Group LTD

Image Source: Unsplash  Unlocking ASX Trading Success: REA GROUP LTD – REA Stock Analysis & Elliott Wave Technical ForecastASX: REA GROUP LTD – REA Elliott Elliott Wave Technical Analysis TradingLounge (1D Chart)Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with REA GROUP LTD – REA shares. We determined that REA could continue […]
Reconciling The Disconnect Between The Dollar And Stocks

Reconciling The Disconnect Between The Dollar And Stocks

Image Source: Pixabay  As we come into the end of the week, the US Dollar is finding its way back, all while US equities track at record highs. More often than not, a rallying Dollar and soaring equities don’t go hand in hand. And yet, this is what we’ve been seeing. So how can the price […]
FX Daily: Strong Dollar At The End Of Central Bank Week

FX Daily: Strong Dollar At The End Of Central Bank Week

Image Source: Unsplash  The dollar is enjoying good momentum after a week full of central bank decisions. Strong US data yesterday combined with a couple of dovish surprises from other central banks (Switzerland in particular) to give USD support. However, with the Fed having sounded optimistic about disinflation and rate cuts, we are not sure the dollar rally […]
SPDR ETF Report For Thursday, March 21

SPDR ETF Report For Thursday, March 21

Image Source: PixabayIn this video, Ira Epstein reviews the day’s trading in various SPDR-ETF markets for the trading day just ended, Thursday, March 21.Video Length: 00:10:08More By This Author:Financial Markets Report For Thursday, March 21 Metals Report For Thursday, March 21 Metals Report For Wednesday, March 20
AUD/JPY Faces Some Selling Pressure Near 99.00 Following Japanese CPI Data

AUD/JPY Faces Some Selling Pressure Near 99.00 Following Japanese CPI Data

Image Source: Unsplash AUD/JPY attracts some sellers to 98.90 in Friday’s early European session.  Japan’s CPI inflation data rose to 2.8% YoY in February from 2.2% in January, which remains above the BoJ’s target. Australia added 116.5K new employees in February, up from 15.3K in January. The AUD/JPY cross faces some selling pressure around the 99.00 […]
In The Next 5 Years Employment In Age Groups 60+ Will Drop By ~12.5 Million

In The Next 5 Years Employment In Age Groups 60+ Will Drop By ~12.5 Million

Image Source: PixabayDue to age demographics, I expect employment in age groups 60 and over to decline by about 12.5 million. Let’s go over the math to see how I arrived at that number.Population stats are from the BLS. Expected Employment Loss is a Mish calculation based on the Employment Population Ratio (the percentage of people […]
Revisiting Utilities

Revisiting Utilities

I have a longstanding fondness for the Dow Utilities, but I’ve been quiet about them lately. Let me dust off this topic and review a few key charts. First of all, the Dow 15 Utility Index ($UTIL) has proven itself over many decades to have a reliable habit of creating a potent topping pattern and then falling hard. […]
After 625 Days, The Longest Yield Curve Inversion In History

After 625 Days, The Longest Yield Curve Inversion In History

Image Source: PexelsToday is a historic day, as last night – DB’s Jim Reid reminds us – we quietly passed the longest continuous US 2s10s inversion in history. After the 2s10s first inverted at the end of March 2022, it has now been continuously inverted for 625 days since July 5th 2022. That exceeds the 624 day inversion […]
Elliott Wave Technical Analysis & Forecast: AAVEUSD

Elliott Wave Technical Analysis & Forecast: AAVEUSD

Image Source: Upsplash  AAVE/ U.S. dollar(AAVEUSD)AAVEUSD Elliott Wave Technical AnalysisFunction: Counter TrendMode: CorrectiveStructure: ZigzagPosition: Wave CDirection Next higher Degrees: Wave ((2)) of ImpulseWave Cancel invalid Level: 81.238Details: Wave ((2)) maybe is complete and the price increase in wave ((3))AAVE/ U.S. dollar(AAVEUSD)Trading Strategy:Overall AAVE is moving in an uptrend with the Impulse pattern entering its third wave. […]