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Bitcoin Commentary – Friday, March 8

Bitcoin Commentary – Friday, March 8

Image Source: Unsplash  Bitcoin Holds at HighsFollowing the order book clearout we saw on Tuesday, Bitcoin prices have been grinding back up toward highs. Weakness in the US Dollar ahead of today’s key labor market updates has been helping bolster sentiment with bulls hoping for a fresh move lower in USD today to help spur Bitcoin […]
Gold – Catch It If You Can

Gold – Catch It If You Can

Gold and silver surged this week on a sudden increase in demand. In European trade this morning, gold was $2167, a new record and up $85 from last Friday’s close, while silver at $24.49 was up $1.18. Comex volumes in both contracts were heavy, but the startling increase was in gold’s Open Interest, which has […]
BRN Edges Higher Towards It’s 2024 High

BRN Edges Higher Towards It’s 2024 High

BRN edges higher towards its 2024 high ($84.14/bbl)The market, (with a 75% probability according to FedWatch Tool), expects the Fed to loosen its monetary policy in June. However, it could be delayed if inflationary risks remain high. A decrease in interest rates could weaken the U.S. dollar, making oil cheaper for countries with stronger currencies. […]
Will The February Employment Report Support The Current Market Narrative?

Will The February Employment Report Support The Current Market Narrative?

Photo by Eric Prouzet on Unsplash  The moment the market has been waiting for is upon us this morning – the February Employment Report. Despite the sequentially stronger jobs creation figure found in this week’s  February ADP Employment Change report that also showed an uptick in wages for job changers, the expectation is for a sharp drop in […]
In Search Of Goldilocks: February Jobs & CPI Reports

In Search Of Goldilocks: February Jobs & CPI Reports

Next up are the February Jobs report to be released this morning (Friday) at 8:30 am EST and the February CPI next Tuesday morning at 8:30 am EST. These are the two big economic reports that economists – including those at the Fed – monitor to asses the economy and make decisions about policy.Markets are […]
Oil Back In The Red Ahead Of US Nonfarm Payrolls

Oil Back In The Red Ahead Of US Nonfarm Payrolls

 Image Source: Pixabay   WTI Oil dips back in red ahead of the US session.  Oil traders are though betting on a pickup in demand as interest-rate cuts should spur economic growth.  The US Dollar Index fell below the 103.00 level, trading in the mid-102.00s ahead of NFP.  Oil prices are back in the red on […]
Ethereum Price Is In A Bullish Trend Towards The $4000 Level

Ethereum Price Is In A Bullish Trend Towards The $4000 Level

Ethereum chart analysisEthereum’s price climbed above the $3900 level last night. We did not stop there, and today, we see growth up to the $3960 level. We remain in a bullish consolidation, maintaining above the $3900 level. This could produce a new bullish impulse up to the $4000 level. Potential higher targets are the $4050 […]
Key Events In Developed Markets For The Week Of March 11

Key Events In Developed Markets For The Week Of March 11

Image Source: Pixabay  Next week sees a flurry of US data releases, including CPI, retail sales, and industrial production – although we don’t expect these to have any major impact on the Fed’s decision-making. Over in the eurozone, surveys are likely to hint at weakness in industrial production data. In the UK, the Bank of England will be keeping a close eye […]
Eurozone Commentary – Friday, March 8

Eurozone Commentary – Friday, March 8

Image source: Pixabay  June Cut in FocusYesterday’s ECB meeting was a pivotal moment for FX traders with the bank essentially giving the nod for a June rate cut. Monetary policy was held unchanged yesterday, as expected. However, Lagarde noted that the ECB continued to make good progress toward achieving its inflation target but wanted more confirmation […]
Genuine Parts Company Dividend Stock Analysis

Genuine Parts Company Dividend Stock Analysis

Image Source: Pixabay  Linked here is a detailed quantitative analysis of Genuine Parts Company (GPC). Below are some highlights from the above linked analysis:Company Description: Genuine Parts Co. is a leading wholesale distributor of automotive replacement parts, industrial parts and supplies, and office products.Fair Value: In calculating fair value, I consider the NPV MMA Differential Fair Value along with these […]