Category Archive: Finance, No picture
ExxonMobil Exceeds Profit Expectations Despite Lower Oil Prices
Image Source: Unsplash Exxon’s Q4 2024 profit exceeded Wall Street expectations, hitting $7.39 billion, despite lower oil prices. Rising oil and gas production offset the impact of lower prices and refining margins. The company’s full-year earnings for 2024 were $33.46 billion, lower than the $38.57 billion reported in 2023. Exxon Mobil Corporation exceeded Wall Street’s expectations […]
Headline PCE Inflation Continues To Rise; Savings Rate Revised Down… Again
With constant fearmongery about Trump’s tariffs prompting a panic-flation, it is interesting to note that inflation data has been serially disappointing in recent weeks (printing below expectations)…Source: BloombergAnd this morning we get The Fed’s (old) favorite inflation indicator (until they changed their minds because it didn’t fit the narrative) – Core PCE – print at […]
US Dollar Adds To Gains With Tariff Talk And PCE As Main Drivers
The US Dollar outperforms against most major peers on Friday ahead of the US PCE data release. US President Trump has announced 25% tariffs on Mexico and Canada as of Saturday. The US Dollar Index (DXY) moves away from 108.00 and hits a fresh weekly high at 108.37. The US Dollar Index (DXY), which tracks the performance […]
German January Inflation Brings Some Relief For The ECB
As national measures dropped, the European measure remained unchanged. German inflation should bring some relief for the ECB as it takes away fears of a further re-acceleration.The just-released flash estimate of German inflation for January is a welcome surprise for both consumers and the European Central Bank, showing a drop in headline inflation to 2.3% […]
Elliott Wave Technical Analysis: McDonald’s Corp. – Friday, Jan. 31
McDonald’s Corp. (MCD) Elliott Wave Analysis – Daily ChartMCD Elliott Wave Technical Analysis Function: Trend Mode: Impulsive Structure: Motive Position: Wave (3) of 5 Direction: Upside within wave (3) Details: Seeking confirmation of wave (2) bottom after a clear three-wave move. Expecting further upside into wave 1 of (3) to validate wave (3)’s uptrend continuation. McDonald’s Corp. (MCD) Elliott Wave Analysis – 1-Hour ChartMCD Elliott Wave Technical […]
Renewed US Tariff Threat Doesn’t Stop Equities From Marching Higher
Image Source: Unsplash Overview: The renewed threat of a 25% tariff on Canada and Mexico as soon as tomorrow has lifted the US dollar broadly and has not derailed the firmer tone in global equities. There are still many unknowns and questions, and this will keep investors and businesses on tenterhooks. The greenback is mixed against the […]
The Changing Composition Of The U.S. Stock Market
Image Source: Unsplash The U.S. stock market has been around since the founding of the nation. In the beginning, it wasn’t very diversified, but that’s changed dramatically over time. In January 2019, Visual Capitalist visualized how much its compensation has changed over the preceding 22 decades. Here’s their chart:Today, if we were to catch the chart up through the […]
US Bond Market Rebounds So Far In 2025
Several risk factors that could end the bond market’s party, but for the moment US fixed-income markets are having a good year so far, based on prices through Thursday’s close (Jan. 30).Using a set of ETFs to profile the various slices of US bonds, assets are posting solid recoveries after a challenging 2024. Leading the […]
Pound Sterling Price News And Forecast: GBP Flattens Against USD Ahead Of US Core PCE Inflation Pound Sterling flattens against USD ahead of US core PCE inflation
Pound Sterling flattens against USD ahead of US core PCE inflationThe Pound Sterling (GBP) trades in a tight range slightly above the key support of 1.2400 against the US Dollar (USD) in Friday’s European session. The GBP/USD pair steadies despite an increase in the US Dollar’s safe-haven demand on Thursday after United States (US) President Donald Trump reiterated […]
Crude Oil Monthly Forecast: February 2025
The month of January has been somewhat negative for the crude oil market, although it’s probably worth noting that we are in the middle of the range, and this is a range that we have been in for quite some time. Ultimately, I think this is a market that is probably going to continue to […]
