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Inflationary Pressure Coming For Retail As US PPI Doubles

Inflationary Pressure Coming For Retail As US PPI Doubles

Image Source: Pixabay Consumers beware – new PPI data suggests seller inflation is rising in the US. Latest statistics from the U.S. Bureau of Labor Statistics show double the PPI for February as for January. These risen prices are likely to be passed on to consumers in future months. Yesterday, the U.S. Bureau of Labor Statistics reported that […]
Profiting From Tesla Shorts: A Continuing Saga

Profiting From Tesla Shorts: A Continuing Saga

Image Source: PexelsSorry to keep doing victory laps on this, but my Tesla (TSLA) short call is the gift that keeps on giving. Every single thing about this chart screamed “death”, and I think it’s got way, way, WAY farther to fall. So……yer welcome.Last week, Rivian (RIVN) did some kind of product launch which had people […]
PBOC Held Rates Steady In March

PBOC Held Rates Steady In March

The PBOC held the 1-year medium-term lending facility (MLF) rate at 2.5% in March. The PBOC remains on a dovish tilt, but depreciation pressure on the RMB limits room for monetary easing in China before global central banks start to cut rates. The PBOC will likely time its rate cuts carefully to support a broader […]
Elliott Wave Technical Analysis: BNBUSD – Friday March 15

Elliott Wave Technical Analysis: BNBUSD – Friday March 15

Image Source: PexelsElliott Wave Analysis TradingLounge Daily Chart, 15 March 24,Binance coin/ U.S. dollar(BNBUSD)BNBUSD Elliott Wave Technical AnalysisFunction: Follow TrendMode: MotiveStructure: ImpulsePosition: Wave 3Direction Next higher Degrees: wave (3))Wave Cancel invalid level: 287.5Details: Wave 3 is equal to 261.8% of wave 1 at 592.8Binacecoin/ U.S. dollar(BNBUSD)Trading Strategy:BNB is still in an uptrend, with an ongoing opportunity […]
As The Election Shifts Into High Gear, Consider Getting More Cautious

As The Election Shifts Into High Gear, Consider Getting More Cautious

Presidential elections and market corrections have a long history of companionship. Given the rampant rhetoric between the right and left, such is not surprising. Such is particularly the case over the last two presidential elections, where polarizing candidates trumped policies. From a portfolio management perspective, we must understand what happens during election years concerning the […]
Current Analysis: Medipal Holdings

Current Analysis: Medipal Holdings

Image Source: UnsplashMedipal Holdings Corp. (MAHLY) distributes pharmaceuticals and health and beauty products to medical institutions and retailers.The firm operates in three segments: prescription pharmaceutical wholesale; cosmetics, daily necessities, and OTC pharmaceutical wholesale; and animal health products wholesale.The prescription pharmaceutical business generates the majority of revenue and distributes products to hospitals, clinics, and pharmacies. The cosmetics, […]
EUR/USD Reaches Weekly Lows After Strong US PPI Data, Trades Near 1.0870

EUR/USD Reaches Weekly Lows After Strong US PPI Data, Trades Near 1.0870

Image Source: Pixabay EUR/USD hit a weekly low at 1.0872 amid a stronger Greenback. US Core PPI held steady with a 2.0% YoY and rose by 0.3% in February. US Dollar appreciates despite the correction in US Treasury yields. The EUR/USD pair continues its downward trend for the second consecutive day, hitting weekly lows near 1.0870 […]
DAX Short Term Should Stay Supported

DAX Short Term Should Stay Supported

Image Source: UnsplashShort Term Elliott Wave view in DAX suggests cycle from 1.17.2024 low is in progress as a 5 waves impulse. Up from 1.17.2024 low, wave ((i)) ended at 17049.52 and pullback in wave ((ii)) ended at 16830.28 as the 30 minutes chart below shows. The Index then rallies higher within in wave ((iii)) with internal subdivision […]
Metals Report For Thursday, March 14

Metals Report For Thursday, March 14

Image Source: PixabayIn this video, Ira Epstein reviews the day’s trading in the gold and other relevant metal markets.Video Length: 00:08:52More By This Author:Financial Markets Report For Thursday, March 14Metals Report For Wednesday, March 13Financial Markets Report For Wednesday, March 13
USD/JPY Analysis: Wait For US Data Results

USD/JPY Analysis: Wait For US Data Results

Image Source: Unsplash The USD/JPY pair rebounded to the 148.00 resistance level, as Bank of Japan Governor Kazuo Ueda gave a slightly more pessimistic assessment of the economy ahead of the central bank’s policy meeting next week. Ueda told parliament that “the Japanese economy is recovering moderately, although some data is showing weakness.” He added, there […]