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NYSE Arca Oil Index – The Current Overview

NYSE Arca Oil Index – The Current Overview

Oil stocks broke above important resistances, hitting a fresh multi-year peak. Is this the end of the bears?  Technical Picture of the XOIIn recent days crude oil reversed and jumped above the early March peaks, breaking above the barrier of $80. Earlier this week, the S&P500 moved above 5200 and hit a fresh peak during […]
US Economic Growth Still Expected To Slow In Q1 GDP Report

US Economic Growth Still Expected To Slow In Q1 GDP Report

A new round of nowcasts continue to estimate that US economic activity will downshift in next month’s release of first-quarter GDP data. Today’s revised estimate is based on the median for a set of nowcasts compiled by CapitalSpectator.com.Output for the January-through-March period is currently projected to soften to a 2.1% increase (seasonally adjusted annual rate). […]
USDJPY Stages Reversal: Bulls Back In Control?

USDJPY Stages Reversal: Bulls Back In Control?

USDJPY has displayed a significant shift in momentum, breaking above a key resistance level. This analysis explores the technical situation and potential scenarios for the currency pair. Upside Breakout or False Signal? Resistance Overcome: USDJPY decisively surged above the resistance level at 148.16, reaching a high of 148.83. This technical indicator suggests a potential reversal of the downtrend that […]
Silver Stars

Silver Stars

After a powerful up-move last week, this week’s gold had a minor correction. Silver’s upward momentum continued through to Wednesday before it ticked off the top. In European trade this morning gold traded at $2168, down $11, and silver at $25.05, up 65 cents.The feature of these markets is the extraordinary extent to which bullion […]
Euro’s Recovery To $1.09 Looks Vulnerable While Yen Falls To New Lows

Euro’s Recovery To $1.09 Looks Vulnerable While Yen Falls To New Lows

Image Source: Pixabay  Overview: At the end of last week, the derivatives market was again pricing in nearly four Fed cuts this year, but this week’s data have seen expectations re-converge with the Fed’s three rate cuts signaled in December, while cutting the odds of June hike to the lowest in the more than four months. This […]
Restoring Sound Money: An Insightful Interview With Jp Cortez On The Bob Murphy Show

Restoring Sound Money: An Insightful Interview With Jp Cortez On The Bob Murphy Show

In an enlightening episode of The Bob Murphy Show, host Bob Murphy delves into the world of sound money with Jp Cortez, the passionate Executive Director of The Sound Money Defense League. The episode unfolds the narrative of Cortez’s journey from a student intrigued by Austrian economics at Auburn University to joining the team at Money Metals Exchange and spearheading […]
MicroStrategy Investors Are Buying Bitcoin At A Massive Premium

MicroStrategy Investors Are Buying Bitcoin At A Massive Premium

Microstrategy (MSTR) provides its customers with business intelligence, mobile software, and cloud-based services. Despite losing money and zero growth in revenues over the last ten years, investors can’t seem to buy enough of MicroStrategy. The rationale is not based on prospects for their core technology businesses but on their massive accumulation of Bitcoin since 2020. […]
Alphabet Inc DCF Valuation: Is The Stock Undervalued?

Alphabet Inc DCF Valuation: Is The Stock Undervalued?

Image Source: Unsplash  As part of a new series, each week we typically conduct a DCF on one of the companies in our screens. This week we thought we’d take a look at one of the stocks that is not currently in our screens, Alphabet Inc (GOOG).  ProfileAlphabet is a holding company. Internet media giant Google […]
EUR/AUD Buy Opportunity As Resistance Becomes Support

EUR/AUD Buy Opportunity As Resistance Becomes Support

The price of EUR/AUD is likely to continue the bullish rally after retesting the 1.65250 support level The trading signal provided should last 1-2 weeks with a potential upside of 1.33% I would recommend watching this trade while the RBA announces the interest rates decision on Tuesday   EUR/AUD trading strategy  Buy/sell asset: Buy EUR/AUD […]
Reaping What We’ve Sown

Reaping What We’ve Sown

Image source: Pixabay  Eleven years of near-zero interest rates (2009-2022) drove record debt and consumption, with a manic over-allocation to expensive real estate. Then, online shopping and work-from-home collapsed demand for commercial and office space, and central banks embarked on the most aggressive rate-tightening cycle in more than 40 years.As central banks hold tight, the highly […]