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Busy Friday Calendar To Close Out Ominous Week

Busy Friday Calendar To Close Out Ominous Week

Image source: Pixabay  We’ve seen a consistent flow of price action all week. Unfortunately, that flow has been risk-off, with stocks on the decline and the US Dollar coming back into favor. Friday’s economic calendar is stacked with first-tier risk.Video Length: 00:01:07More By This Author:Digesting The Latest Fed Minutes Fed Minutes Preview – Wednesday, Jan. 3The […]
FX Daily: Soft Landings Playbook

FX Daily: Soft Landings Playbook

Image Source: Unsplash  The soft landing playbook could see a temporary reversal today where the December US jobs report comes in on the strong side. The market seems to have gotten a little ahead of itself in pricing the speed and magnitude of 2024 rate cuts. A further backup in short-term rates should be mildly dollar-positive […]
EUR/USD Price Analysis: Remains Under Pressure Ahead Of US Official Employment Data

EUR/USD Price Analysis: Remains Under Pressure Ahead Of US Official Employment Data

Image Source: Pixabay EUR/USD retreats from 1.0950 amid caution ahead of US labor market data. The Eurozone HICP data is seen higher due to base effects. Eurozone bulls may find interest after further correction to near 1.0880. The EUR/USD pair resumes its downside journey after a less-confident pullback to near 1.0950 in the early European session. The […]
Early 2024 Markets Sweep Up Excesses

Early 2024 Markets Sweep Up Excesses

Image Source: UnsplashFor those of us wondering if early 2024 was going to carry along the winning spirit of the past two months of calendar 2023… well, at least we got an answer: No. That’s not to say it’s been a disaster, especially coming off such stellar gains at the end of the year. This feels […]
The Bankers’ Bank

The Bankers’ Bank

Image source: Wikipedia1913 was a busy year for legislation. But Washington’s main debate concerned the Glass-Owen bill.The Glass-Owen bill granted bankers the ability to access currency when they needed it. It also allowed them to expand their branches overseas.That legislation would define financial power in the United States. By extension, it would define U.S. private banking […]
GM Leads US Auto Sales As Auto Sector Concludes Best Year Since Pandemic

GM Leads US Auto Sales As Auto Sector Concludes Best Year Since Pandemic

Image Source: PixabayGeneral Motors (GM) emerged as the top-selling automaker in the United States for 2023, narrowly outpacing rival Japanese automaker Toyota Motor (TM).The achievement comes amidst the sector’s best performance since the onset of the pandemic, propelled by the alleviation of supply chain challenges and sustained consumer demand.Despite facing setbacks from a costly auto strike, […]
SPDR ETF Report For Thursday, January 4

SPDR ETF Report For Thursday, January 4

Image Source: PixabayIn this video, Ira Epstein reviews the day’s trading in various SPDR-ETF markets for the trading day just ended, Thursday, January 4.Video Length: 00:16:17More By This Author:Financial Markets Report For Thursday, January 4 Metals Report For Thursday, January 4 SPDR ETF Report For Wednesday, January 3
Macro: Employment — ADP And Initial Claims — Strong Employment Continues

Macro: Employment — ADP And Initial Claims — Strong Employment Continues

Image source: PixabayThe economic backdrop today: Employment is strong Employment drives personal consumption Initial Unemployment claims dropped by 18,000 to 202,000. This is the 4th lowest number of initial unemployment claims of the year. Continuing claims dropped as well and the slope of the 4-week moving average is now negative indicating an incrementally easier environment to […]
USD/CAD Surpasses 1.3350 As US Treasury Yields Improve, Canada, US Labor Data Eyed

USD/CAD Surpasses 1.3350 As US Treasury Yields Improve, Canada, US Labor Data Eyed

Photo by Michelle Spollen on Unsplash USD/CAD recovers its losses on improved US Dollar. The improvement in WTI price could contribute to support for the Canadian Dollar. Improved US bond yields steer the Greenback on an upward pathway. USD/CAD retraces its recent losses registered in the previous session, trading higher near 1.3360 during the European session on Friday. The […]
Nasdaq 100 Looking To Do Correction Within Bullish Trend

Nasdaq 100 Looking To Do Correction Within Bullish Trend

Image Source: PixabayNasdaq 100 (NQ_F ) shows a bullish sequence from October 2022 low favoring further upside. The rally higher from 10.13.2022 is unfolding as Elliott Wave leading diagonal. Up from 10.13.2022 low, wave ((1)) ended at 16062.75 and pullback in wave ((2)) ended at 14140.25 low. Wave ((3)) finished at 17165.94 high as the 1 hour chart […]