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Elliott Wave Technical Analysis: McDonald’s Corp.

Elliott Wave Technical Analysis: McDonald’s Corp.

Image Source: Pixabay  MCD Elliott Wave Analysis Trading Lounge Daily Chart, 13 March 2024McDonald’s Corp., (MCD) Daily ChartMCD Elliott Wave Technical AnalysisFUNCTION: Counter TrendMODE: Corrective  STRUCTURE: FlatPOSITION: Wave (2) of 3.  DIRECTION: Downside into wave C of (2).  DETAILS: After breaking ATH at 300$, we’ve seen a pullback which appears to be bullish corrective. We are […]
GBP/USD Analysis: Pound Tests Resistance

GBP/USD Analysis: Pound Tests Resistance

After announcing a stronger than expected rise in US inflation rates, the downward momentum increased in the performance of the price of the British pound against the US dollar GBP/USD.  Weaker-than-expected UK wage and employment data boosted the chances of a June rate cut by the Bank of England and led to broad-based weakness in the pound. […]
10-Year US Treasury Yield ‘Fair Value’ Estimate – Wednesday, March 13

10-Year US Treasury Yield ‘Fair Value’ Estimate – Wednesday, March 13

The US 10-year Treasury yield continues to trade well above a ‘fair value’ estimate, based on the average of three models maintained by CapitalSpectator.com. The market premium continues to suggest that the benchmark rate’s upside potential is constrained, but at the same time, recent history suggests a relatively quick decline toward fair value still faces long odds, […]
USD/CAD Price Analysis: Strengthens Following Upbeat CPI

USD/CAD Price Analysis: Strengthens Following Upbeat CPI

The USD/CAD price analysis reveals a subtle bullish tilt on Wednesday in response to the dollar’s resurgence after an upbeat inflation report. Simultaneously, the Canadian dollar is grappling with weakened strength amid a decline in oil prices.The dollar strengthened on Tuesday after US inflation data beat forecasts. Annual inflation rose by 3.2%, higher than economists […]
Copper Market Commentary – Wednesday, March 13

Copper Market Commentary – Wednesday, March 13

Copper Breaking OutCopper prices have broken out to their highest levels since August 2023 today. The move comes on the back of news that top Chinese copper smelters will slash production across loss-making sites in a bid to shore up the market against the tightness in raw materials. A surge in global smelting capacity along […]
The Recent Gold And Silver Rally Was Just The Beginning

The Recent Gold And Silver Rally Was Just The Beginning

Image Source: Unsplash  Gold just had quite a bull run, setting a new all-time high along the way. But Money Metals’ Midweek Memo host Mike Maharrey says this is just the opening act. If you enjoyed that, you’re really going to like the feature.In this episode, Mike explains what drove this recent bull run and why […]
USD/JPY Rises To 148.00 As Uncertainty Over BoJ Quitting Negative Rates Deepen

USD/JPY Rises To 148.00 As Uncertainty Over BoJ Quitting Negative Rates Deepen

 Image Source: Unsplash   USD/JPY bounces back to 148.00 in hopes that the BoJ could delay rate hike plans. BoJ Ueda is worried about subdued consumption that has pushed back rate hike expectations. Market expectations for the Fed reducing interest rates in June have eased. The USD/JPY pair rebounds to crucial resistance of 148.00 as investors hope […]
Higher-Than-Expected Romanian Inflation Does Not Change Our Outlook For The Year

Higher-Than-Expected Romanian Inflation Does Not Change Our Outlook For The Year

Romanian inflation decelerated to 7.2% in February, slightly above the 7.1% consensus. The strong demand observed early in the year has likely added to firms’ pricing power. Both our 4.8% year-end inflation call and May rate cut call remain in place.PixabayInflation in Romania decelerated to 7.2% but was slightly above consensus The February release brought the […]
Beware Of Rising Swings

Beware Of Rising Swings

S&P 500 was predictably roiled by CPI above expectations more than by core PCE data end Feb, but even two good intraday moves weren‘t enough to break below Monday‘s lows and deliver a less shallow correction. Weren‘t it for increasing intraday volatility in Bitcoin, its stock plays (MSTR, COIN and MARA), it would be all […]
Boeing Now The Second-Worst Performer In The S&P 500 YTD, Only Behind Tesla

Boeing Now The Second-Worst Performer In The S&P 500 YTD, Only Behind Tesla

Tesla and Boeing, once high-flyers, now face significant challenges, becoming the worst and second-worst performers in the S&P 500 year-to-date. Image courtesy of 123rf.comTesla Inc. (TSLA) and The Boeing Company (BA), two major players in their respective industries, have experienced significant stock price declines this year, becoming the worst and second-worst performers in the S&P 500, respectively. Safety Issues […]