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A Mostly Good PPI Report With Easy Year-Over-Year Comparisons Coming Up

A Mostly Good PPI Report With Easy Year-Over-Year Comparisons Coming Up

Producer Price Index PPI month-over-month, data from BLS, chart by Mish The BLS Producer Price Index rose 0.2 percent in December, after a huge, unexpected jump last month.PPI Final Demand Key Detail Month-Over-Month PPI: +0.2 Percent Services: +0.0 Percent Goods: +0.6 Percent Excluding Food and Energy: +0.0 Percent Food: -0.1 Percent Energy: +3.5 Percent Final demand services […]
Small Business Optimism Continues Surge, Hits 6 Year High

Small Business Optimism Continues Surge, Hits 6 Year High

Small business optimism soared for the second straight month, according to the National Federation of Independent Business (NFIB), which has been reporting this data set monthly since 1986. The index hit 105.1 in December, easily beating street expectations of 101.3. After spending almost 3 straight years below the historical average of 98 (orange line), a […]
Bitwise CIO says corporate Bitcoin buying is set to explode

Bitwise CIO says corporate Bitcoin buying is set to explode

Key Takeaways Bitwise CIO Matt Hougan views corporate Bitcoin purchases as a megatrend. New accounting standards are encouraging more companies to add Bitcoin to their balance sheets. Share this article Matt Hougan, Bitwise Chief Investment Officer, predicted in a client note on Tuesday that hundreds of companies will buy Bitcoin for their treasuries over the […]
Gold Tariff D-Day Looming

Gold Tariff D-Day Looming

Image Source: Pixabay Despite gold being down 1% in December, global gold ETFs saw a monthly net inflow of $778 million (4 tons), driven by strong Asian demand, which counterbalanced outflows in North America. The NA outflows were moderate despite November’s overall weakness for precious metals and the likelihood of profit-taking after gold’s robust annual performance […]
FTSE Earnings Disappointment Sees UK Benchmark Underperform Peers

FTSE Earnings Disappointment Sees UK Benchmark Underperform Peers

  ↵Image Source: Pexels London stocks dipped on Tuesday after reports suggested U.S. President-elect Donald Trump could pursue gradual tariff increases. The FTSE 100 underperformed, slipping 0.2%, as disappointing earnings from certain companies added pressure. Industrial metal miners gained 1.2% as copper and iron ore prices increased, while the aerospace and defense sector climbed 1.6% following a […]
More Downside On Exxon Mobil To $100 When Crude Pulls-Back

More Downside On Exxon Mobil To $100 When Crude Pulls-Back

Image Source: Unsplash Crude oil has been rising steadily since the start of the year, supported by the Biden administration’s approval of new military aid for Ukraine and the introduction of additional sanctions on Russia’s oil industry. However, this upward move could be reversed when Trump returns to office, as he may engage in talks with […]
Stocks Moving Lower Despite Encouraging Inflation Data

Stocks Moving Lower Despite Encouraging Inflation Data

Stocks are scattered midday, with Wall Street unable to build any momentum from December’s cooler than expected producer price index (PPI). Traders now turn their attention to the consumer price index (CPI) reading for December due out tomorrow. In response, the Dow Jones Industrial Average (DJI) is marginally higher but has pared a triple digit gain. The […]
Soybean Commodity Elliott Wave Technical Analysis – Tuesday, January 14

Soybean Commodity Elliott Wave Technical Analysis – Tuesday, January 14

Soybean Elliott Wave AnalysisSoybean prices continue their sideways recovery from August 2024. While they have gained about 5%, the dominating path since June 2022 remains to the downside, and prices might just turn lower again soon.The daily chart analysisAfter completing a 5-wave advance between May 2019 and June 2022 when the price improved from barely $790 to $1787, the […]
Light PPI Sparks Optimism: Today’s Must-Watch Stocks

Light PPI Sparks Optimism: Today’s Must-Watch Stocks

Image Source: Unsplash As we approach today’s trading session, the backdrop is set with the release of Producer Price Index (PPI) data showing light inflationary pressure, paired with anticipation of tomorrow’s Consumer Price Index (CPI) report. These developments have set a cautiously optimistic tone for the day, with notable indices signaling potential opportunities in a choppy […]
GBP/USD Forecast: Hits Potential Floor 
                    
 

GBP/USD Forecast: Hits Potential Floor  

In my daily analysis of major currency pairs, the GBP/USD pair has caught my attention as we fell yet again during the Monday session. In fact, we slammed into the crucial 1.21 level, an area that was a major swing low previously, and therefore could be an area of interest. After all, a certain amount […]