Category Archive: Finance, No picture
Prices On The Rise Again. The Corn & Ethanol Report
We kicked off the day with Redbook YoY at 7:55 A.M., S&P Global Composite PMI Final, S&P Services PMI Final, ISM Services PMI, JOLT’s Job Openings, ISM Services Employment, RCM/TIPP Economic Optimism Index, ISM Services Prices, and JOLT’s Job Quits at 9:00 A.M., 42-Day Bill Auction at 10:30 A.M., API Energy Stocks, LMI Logistics Managers Index Current, and […]
GBP/USD Slips Below 1.2600 As The Early Week’s Selloff Extends Into Tuesday
Image Source: Unsplash The GBP/USD held mostly flat on Tuesday before seeing a decline below the 1.2600 handle during the American trading session, slipping to a one-week low and shedding a third of a percent on Tuesday.Broader markets are seeing a favorable bid for the US Dollar (USD), with the Greenback climbing against most of the […]
Elliott Wave Technical Analysis: Amazon Inc.
Image Source: Unsplash Amazon Inc., Elliott Wave Technical AnalysisAmazon Inc., (Nasdaq: AMZN): 4h Chart 5 December 2023AMZN Stock Market Analysis: Looking for a top in wave (i) in place as we have taken out the previous top. The more conservative alternate is that wave {v} is in place and we are due wave 4. AMZN Elliott […]
The Summer Of Central Bank Gold Buying Extends Into The Fall
Image Source: Unsplash Central banks gobbled up gold over the summer and the buying spree has continued into the fall.Globally, central banks added another net 42 tons of gold to their reserves in October.China continues to be the biggest gold purchaser. The People’s Bank of China added another 23 tons of gold to its hoard in […]
NIO Inc.’s Q3 Surge: Sales Up, Profits Down In The Electric Vehicle Race
Image Source: Unsplash NIO reported a substantial increase in Q3 2023 revenue and vehicle deliveries but faced a widened net loss and reduced vehicle margin. Key Highlights Quarterly Revenue Short of Expectations: NIO Inc. (NYSE: NIO) reported a total revenue of RMB 19.07 billion for Q3 2023, short of the expected figure of RMB 19.37 billion. […]
It’s All Feeling A Little Too Extended
Image Source: Unsplash We warned market moves were looking extended following the latest wave of Dollar weakness and equity market strength. And into Tuesday, as per our warning, we are seeing a readjustment of positions, with traders perhaps recognizing they may have gotten a little too aggressive with bets for an all-out reversal of Fed policy.Video […]
Forex Today: RBA Holds Rates & Tilts Dovish
The Reserve Bank of Australia decided at its policy meeting earlier today to maintain its cash rate at 4.35% and stated that inflation is continuing to moderate, which is seen as a dovish tilt. The Reserve Bank of Australia held its Cash Rate at 4.35% at its policy meeting a few hours ago, with Governor […]
The RBA Kept The Rate On Hold But Left A Hawkish Bias
Image Source: Unsplash As of Friday’s stock market close, the Dow Jones Index (US30) decreased by 0.11%, and the S&P 500 Index (US500) was down by 0.54%. The Nasdaq Technology Index (US100) closed negative 0.84% on Monday, hitting a 3-week low. Yesterday’s rise in bond yields pressured technology stocks and lowered the broad market. Bond yields are rising on concerns that markets may be […]
Dividends By The Numbers In November 2023
November 2023’s dividend changes can be summarized pretty simply. Month-over-month, they were positive. Year-over-year, they were mixed.Overall, we find favorable dividend changes involving announcements of dividend increases and of special, or extra, dividend payments increased over October 2023’s levels. By the same token, we find November 2023’s unfavorable changes including decreased dividend payments and suspensions, or […]
Silver Is Consolidating Within A Larger Bullish Triangle
Photo by Scottsdale Mint on UnsplashSilver is trading sideways since 2021, a move that can be a corrective because of choppy and overlapping price action. Ideally, its a very big triangle in progress, currently testing an important trendline resistance where subwave D can be looking for a top after that sharp turn lower. As such, […]
