Archives by Month:

Archives by Year:

EIA Confirms U.S. Producing More Oil Than Any Country In History

EIA Confirms U.S. Producing More Oil Than Any Country In History

Photo by American Public Power Association on Unsplash   In mid-December, I wrote here that the U.S. had set a new annual oil production record:“The U.S. set a new annual oil production record on December 15, based on data from the Energy Information Administration. Although the official monthly numbers from the EIA won’t be released for a couple of months, we […]
S&P 500 Earnings Dashboard 23Q4 – Friday, March 15

S&P 500 Earnings Dashboard 23Q4 – Friday, March 15

Image Source: Unsplash  S&P 500 Aggregate Estimates and Revisions The 23Q4 Y/Y blended earnings growth estimate is 10.0%. If the energy sector is excluded, the growth rate for the index is 13.6%. Of the 498 companies in the S&P 500 that have reported earnings to date for 23Q4, 76.1% reported above analyst expectations. This compares to a long-term average of 66%. The 23Q4 Y/Y blended revenue growth estimate is 3.7%. If the […]
Analytical Overview Of The Main Currency Pairs – Friday, March 15

Analytical Overview Of The Main Currency Pairs – Friday, March 15

Image Source: Pixabay  The EUR/USD currency pairTechnical indicators of the currency pair: Prev Open: 1.0949 Prev Close: 1.0885 % chg. over the last day: -0.59 % The dollar index gained 0.57% on Thursday’s hawkish US PPI report, which made market participants somewhat weaken their expectations of a Fed rate cut in the next few months. The dollar index was also […]
Adobe’s Shares Plummet As Quarterly Guidance Falls Short, Analysts Downgrade

Adobe’s Shares Plummet As Quarterly Guidance Falls Short, Analysts Downgrade

Image Source: Unsplash  In a recent turn of events, Adobe Systems Incorporated (Nasdaq: ADBE) experienced a sharp decline in its stock value, with shares plummeting by 12% following a quarterly forecast that failed to meet investor expectations.The company’s forecast for net new annual recurring revenue in its critical digital media segment—which encompasses Adobe’s leading cloud-based creative and document services—revealed a […]
Sensex Today Ends 335 Points; IT Stocks Drag

Sensex Today Ends 335 Points; IT Stocks Drag

After opening the day marginally lower, Indian share markets extended the downtrend as the session progressed and ended the day lower.Bears were on the prowl on Friday as uncertainty over the timing of the Fed rate cut resurfaced following hotter-than-expected wholesale inflation data in the US.At the closing bell, the BSE Sensex stood down by 453 points […]
USD/JPY Extends Upside To 149.00 As Focus Shifts To BoJ, Fed Policy

USD/JPY Extends Upside To 149.00 As Focus Shifts To BoJ, Fed Policy

 Image Source: Pixabay   USD/JPY jumps to 148.80 on hopes that the BoJ will maintain its ultra-loose monetary policy stance on Tuesday. The BoJ lacks a significant wage-price spiral to back an exit to negative interest rates. Diminished Fed rate cut expectations keep the US Dollar strong near its three-week highs around 103.50. The USD/JPY climbs […]
Key Events In EMEA For The Week Of March 18

Key Events In EMEA For The Week Of March 18

Image Source: Pixabay  Next week in Poland, we will see the release of core inflation, industrial output, and employment data. We expect inflation to continue to moderate while the labor market should remain tight. In Turkey, we expect the central bank to wait for March inflation data to decide on a rate move, though the possibility of policy strengthening has […]
Cloud Stocks: Veeva’s Migration To Own Platform Picks Pace

Cloud Stocks: Veeva’s Migration To Own Platform Picks Pace

Image Source: Unsplash  The global healthcare cloud computing market is expected to grow at 18% CAGR from $39.4 billion in 2022 to reach $89.4 billion by 2027. Veeva (NYSE: VEEV) recently announced its fiscal 2024 results that continued to impress the market.  Veeva’s FinancialsVeeva’s Q4 revenues grew 12% to $630.6 million, ahead of the Street’s forecast of $620.7 […]
GBP/USD Commentary – Friday, March 15

GBP/USD Commentary – Friday, March 15

Photo by Colin Watts on Unsplash   Cable Correcting LowerGBPUSD has pulled back below the 1.2832 level this week and is on course to end the week in the red, despite some better data along the way. The uptick in USD has squashed any bullish momentum in the Pound, which had previously broken out to its highest level against […]
Trend Change

Trend Change

S&P 500 didn‘t produce much of a buy the dip reaction following the hot PPI, confirming my call for a bearish stocks outlook. Tech didn‘t serve much as a safe haven, and NVDA $870 can be counted on as being defended in today‘s quad witching as well. Bitcoin at $68K isn‘t a bullish start today […]