Category Archive: Finance, No picture
The Corn And Ethanol Report
We kicked off the day with MBA 30-Year Mortgage Rate, MBA Mortgage Applications, MBA Mortgage Market Index, MBA Mortgage Refinance Index, and MBA Purchase Index at 6:00 A.M., PPI MoM & YoY, Core PPI MoM & YoY, and PPI Ex Food, Energy and Trade MoM & YoY at 7:30 A.M., EIA Energy Stocks at 9:30 […]
Etsy Inc Chart Analysis
Image Source: Unsplash Bob Lang gives a technical analysis of the stock chart for ETSY.Video Length: 00:04:22More By This Author:Market Blast – Wednesday, December 13 Is Trading Fear And Greed Tied To Your Self-Worth? Target Corp Chart Analysis
Sensex Today Ends Flat; TCS & Infosys Top Losers
Image Source: Unsplash The markets opened firm, witnessed profit booking at higher levels, and bounced back into the green territory to end on a positive note.Today’s market performance can be attributed to market participants’ cautious stance as they awaited the US Federal Reserve’s decision on interest rates.At the closing bell, the BSE Sensex ended 34 points lower at […]
U.S.-China Trade Recession Shows Signs Of Bottoming
A surge in goods traded between the U.S. and China in September and October 2023 may have helped set a bottom in the ongoing trade recession between the two nations.As measured by the trailing twelve month average value of goods exchanged between the U.S. and China, the total value of those goods have been in […]
GBP/JPY Retreats Few Pips From Daily High After Disappointing UK Macro Data, Up A Little
The GBP/JPY cross attracts some dip-buying near the mid-182.00s on Wednesday and sticks to its intraday gains through the early part of the European session. Spot prices, however, retreat a few pips from the daily high in reaction to the disappointing UK macro data and currently trade below the 183.00 round figure.The UK Office for […]
While Everyone’s Focused On CPI – The Oil Market Did Something
Image Source: Unsplash New multi-month low in oil, multi-year low in gasoline. Big turn into more contango for WTI futures. The energy sector completely overshadows US CPI for November even as energy prices are one key reason for the heavy disinflation in it. We need only look back to last year and wonder how we got […]
USD/CHF Rebounds Near 0.8760 As US Dollar Improves Before Fed Decision
Image Source: Unsplash USD/CHF halts a two-day losing streak ahead of Fed policy decision. SNB is widely anticipated to hold its interest rate at 1.75% following the recent downbeat inflation. Investors await Fed Chair Jerome Powell’s comments to gain insights into the interest rates trajectory. USD/CHF hovers around 0.8760 during the Asian trading hours on Wednesday, snapping two […]
Crude Awakening: 2 Top Ranked Oil Stocks With Huge Dividend Yields
Image Source: UnsplashThe price of crude oil has cratered over the last two months, falling from a high of $95 to $69. While this move has shifted many speculators to the bearish side, I think they are late, and risk reward favors the long side here.Barring a full-blown recession in the very near future, I believe […]
Elliott Wave Technical Analysis: XRPUSD – Wednesday, December 13
Image Source: UpsplashElliott Wave Analysis TradingLounge Daily Chart, 13 December 23,XRP/ U.S. dollar(XRPUSD)XRPUSD Elliott Wave Technical AnalysisFunction: Counter TrendMode: CorrectiveStructure: TrianglePosition: Wave ((E))Direction Next higher Degrees: wave 4 of ImpulseWave Cancel invalid level:Details: the Movement within a triangle patternXRP/ U.S. dollar(XRPUSD)Trading Strategy: Zigzag pattern correction, we have Wave A completed and prices developing in Wave B […]
What’s The Fed Going To Say About All This Bullishness?
Image Source: UnsplashAnother strong performance on the major stock market indices again brings us to new 52-week highs on the Dow, S&P 500, and Nasdaq. Following a favorable Consumer Price Index (CPI) report before today’s opening bell and ahead of the Fed’s decision on interest rates tomorrow afternoon, the Dow gained another +173 points, +0.48%, the S&P +0.46%, […]
