Category Archive: Finance, No picture
Lululemon Reports Next Week: Wall Street Expects Earnings Growth
Photo by Alexander Grey on Unsplash The market expects Lululemon (LULU – Free Report) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended October 2023. This widely-known consensus outlook is important in assessing the company’s earnings picture, but a powerful factor that might influence its near-term stock price is how the […]
Analytical Overview Of The Main Currency Pairs – Thursday, Nov. 30
Image Source: Unsplash The EUR/USD currency pairTechnical indicators of the currency pair: Prev Open: 1.0992 Prev Close: 1.0968 % chg. over the last day: -0.21 % Economic news on Wednesday showed that the US GDP for the third quarter was revised upwards. In addition, weakening price pressures in Germany and Spain are dovish for ECB policy, which pressured the […]
US Trade Deficit 2024
Photo by Shaah Shahidh on Unsplash No one is talking about the US trade deficit in the current fiscal year, but it is likely to be another record, bringing with it new rounds of trade sanctions and protectionism.In this article, I explain why the twin deficit hypothesis will apply, bearing in mind a likely budget […]
Elliott Wave Technical Analysis: Meta Platforms Inc.
Image Source: Unsplash Meta Platforms Inc., Elliott Wave Technical AnalysisMeta Platforms Inc., (Nasdaq: META): 4h Chart 30 November 2023META Stock Market Analysis: We are looking for continuation higher on Meta as we are forecasting a potential wave 4. There is an alternate count with a more bullish scenario which will be discussed on the 1h chart. […]
The Dollar Is Having One Of Its Best Days This Month
After being bludgeoned, the dollar is having one of its best days of the month. It is rising against all the major currencies. The Dollar Index is up about 0.5%, which is the most since the end of October. The greenback is also firmer against all the emerging market currencies but the Turkish lira and […]
Royal Bank Of Canada (RY) Reports Better Than Expected EPS Of C$2.78 In Q4
The Royal Bank of Canada reported an EPS of C$2.78 against an expected EPS of C$2.63 for Q4. Key Highlights Total Revenue and Net Income: For the quarter ended October 31, 2023, the company reported a total revenue of C$13.03 billion and a net income of C$4.13 billion. Earnings Per Share (EPS): Basic and diluted EPS for the […]
Seasonals Say Gold Is To Break All Time Highs
Image Source: Unsplash The seasonals are saying that gold could be about to break its all-time high. The average return in gold between the 13th of December and February 20th is over 4%. If the seasonal pattern repeats this year, according to its average, that will take gold to fresh all-time new highs!Therefore, with the Fed […]
Bulls, Bears And Bets: Dissecting 2024 Forecasts From Financial Giants
Photo by Maxim Hopman on UnsplashIn the midst of a buoyant November, where positive economic indicators hint at a celebratory close to a hawkish inflation cycle and robust Black Friday spending, a sobering contrast emerges in JPMorgan’s recently unveiled Investment Outlook 2024 report, titled ‘Too early for a victory lap’, released on November 29th. JPMorgan prophesies […]
S&P 500 Forecast 2024: Goldman, JPMorgan, Deutsche Bank, Wells Fargo
Image Source: Unsplash The S&P 500 index has staged a strong recovery in the past few months. Analysts at Deutsche Bank and Bank of America are optimistic about the index. JPMorgan analysts are a bit concerned about the S&P 500 index. The S&P 500 index has done well in 2023, helped by the so-called Magnificent 7. It initially […]
GBP/USD Grapples To Extend Gains Near 1.2700, US PCE Price Index Eyed
Image Source: Unsplash GBP/USD has marked a three-month high at 1.2733 on Wednesday. BoE Governor Andrew Bailey is committed to taking necessary measures to bring inflation down to its 2.0% target. US Dollar Index is indecisive on the mixed remarks by Federal Reserve (Fed) members. GBP/USD struggles to continue its winning streak that began on November […]
