Category Archive: Finance, No picture
Why Was The U.S. Silver Stockpile Raided By DOD?
Photo by Scottsdale Mint on UnsplashSilver has been used for thousands of years as ornaments and utensils, for trade, and as the basis for many monetary systems. Of all the metals, pure silver has the whitest color, the highest optical reflectivity, and the highest thermal and electrical conductivity. Backstory.Whenever you read some precious metals expert discussing […]
Three Stocks That Can Rise If The Fed Starts Cutting Rates In 2024
If suppressive fed hiking burden is lifted, debt financing is alleviated as well.ince the Federal Open Market Committee (FOMC) held on November 1st, there has been a shift in interest rate expectations. Current fed fund futures, which speculate on the direction of the federal funds rate, price in additional hikes at a probability under 1.5%, […]
Looking For Goldman Sachs Mutual Funds? Grab These 3 Now
Goldman Sachs Asset Management (GSAM) is a world-renowned company that provides investment management, portfolio design and advisory services to individual and institutional investors worldwide since 1988. Its strategies cover asset classes, industries and geographies. As of Dec 31, 2022, GSAM had $2 trillion in assets under supervision.The fund has more than 2,000 professionals across 31 […]
Two Trades To Watch: EUR/USD, Oil – Friday, Dec. 1
Image Source: Unsplash EUR/USD struggles below 1.09 ahead of manufacturing data & Fed Chair Powell’s speech Eurozone inflation cooled to 2.4% US ISM manufacturing PMI & Fed Powell in focus EUR/USD attempts to rise above 1.09 EUR/USD is recovering back above 1.09 after losses in the previous session. The euro came under pressure after euro zone inflation […]
Median Household Income In October 2023
Political Calculations’ initial estimate of median household income in October 2023 is $76,588, an increase of $206 (or 0.27%) from the corrected initial estimate of $76,382 in September 2023.Thanks to the very slight dip in month-over-month inflation recorded in October 2023, the inflation-adjusted income of the typical American household rose by $211 in terms of constant October 2023 […]
Crude Oil Commentary – Friday, Dec. 1
Image Source: Unsplash Supply Curbs ExtendedCrude prices have turned lower into the end of the week following yesterday’s OPEC+ meeting. The market was widely expecting the group to announce an extension of current production restrictions through next year with some speculating that perhaps we might see a deepening of current cuts. However, reports of tensions within […]
FX Daily: Short-Term Rates Argue Against Another Big USD Leg Lower
Image Source: Unsplash OPEC+ and soft Eurozone inflation triggered a dollar rebound yesterday, but short-term rate spreads were already pointing to a weaker EUR/USD before then. Today, the focus will be on the US ISM manufacturing. Keep an eye out for Canadian jobs figures, too. USD: Reality check for the dollar bearsIn yesterday’s FX Daily, we argued […]
4 Hour Chart Elliott Wave Technical Analysis: USDCHF – Friday, December 1
Image Source: UnsplashUSDCHF Elliott Wave Analysis Trading Lounge 4 Hour Chart, 1 December 23 U.S.Dollar/Swiss Franc(USDCHF) 4 Hour ChartUSDCHF Elliott Wave Technical AnalysisFunction: TrendMode: impulsive Structure: blue wave 1Position: Black wave 3Direction Next Higher Degrees: Blue wave 1(may started)Details: red wave 5 blue wave C of 2 looking completed between fib level 61.80 to 78.60. Now […]
Gold Nears All Time High, Silver Records A Major Breakout
Image Source: UnsplashAfter falling into the mid-$1,800s this fall, the Gold price has taken off and is once again threatening its All Time High. As it does, the significance of this recent move is clear in the broader context, as price is on the verge of breaking out of its pink Bull Flag as well as a very […]
3 Stocks That Should Be On Your Radar In December
Image Source: UnsplashNovember was a very strong month for stocks as the S&P 500 rose +8% while the Nasdaq climbed +10%. Investors will certainly be looking for stocks that can keep this momentum going and several top-rated Zacks stocks look attractive as their quarterly results approach next week.Rounding out a favorable month for equities here is […]
