Category Archive: Finance, No picture
Asia Morning Bites For Thursday, November 30
Image Source: UnsplashGlobal macro and markets Global markets: Tuesday’s bond market rally continued on into Wednesday. 2Y Treasury yields fell a further 8.9bp to 4.645%, while the yield on 10Y Treasuries fell 6.5bp to 4.255%. Such a big move in a relatively short time argues for a correction at some point. There is still a little further […]
USDJPY Shows Incomplete Elliott Wave Bearish Sequence
Image Source: UnsplashUSDJPY shows an incomplete bearish sequence from 11.13.2023 suggesting further downside. Down from 11.13.2023 high, decline is unfolding as a double three Elliott Wave structure. Down from 11.13.2023 high, wave (W) ended at 147.15. Wave (X) ended at 149.78 with internal subdivision as a double three in lesser degree. Up from wave (W), wave W […]
Real Estate Faces Major Resistance, Posing Questions On The Continued Ascent
Image Source: UnsplashHow much longer can this beast fly higher? I’m thinking not much longer. Look at the trendlines I’ve drawn on the symbol below, IYR. Major resistance is coming up quickly.More By This Author:Diverging Paths: Dow Hits Record High, While China’s Equity Market CrumblesGeneral Motors: A Second Chance For Shorting Opportunity Amid Overhead Supply UiPath About […]
GBP/USD Attracts Some Buyers Near 1.2700, US PCE Data Looms
Image Source: Unsplash GBP trades in a positive territory for the third consecutive week under 1.2700. US economy grew to 5.2% in Q3 from the previous reading of 4.9%, above the market consensus of 5.0%. BoE Governor Bailey said the central bank will do what it takes to bring inflation down to its 2% target. US […]
Metals Report For Wednesday, November 29
Image Source: UnsplashIn this video, Ira Epstein reviews the day’s trading in the gold and other relevant metal markets.Video Length: 00:08:15More By This Author:SPDR ETF Report For Tuesday, November 28Financial Markets Report For Tuesday, November 28Metals Report For Tuesday, November 28
Interest Rate Cuts On The Horizon: 3 Stocks Primed To Benefit
Image Source: UnsplashWith inflation easing, and both the economy and labor market remaining robust, the macroeconomic picture is enjoying some long-awaited clarity. Now that economists are beginning to expect a more regular economic picture, investors can soon expect interest rates to regulate as well.The Federal Reserve pushed interest rates up by 500 basis points, in the […]
Current Analysis: Northwest Bancshares
Image Source: UnsplashNorthwest Bancshares Inc. (NWBI) is a stockholding company for Northwest Bank.Northwest Bank is a stock savings bank and a community-oriented financial institution offering personal and banking business solutions, investment management, trust services, and insurance products.It also offers consumer finance loans through a wholly-owned subsidiary. The bank’s loan portfolio segment consists of personal banking and […]
Stocks Give Back Big Gains On November 29, 2023
Image Source: UnsplashStocks had a nice rally to the start day. The index rallied a bit more than 70 bps, but by the day’s end, all of those gains were gone, with the index finishing lower by around 10 bps. It was a bit worse on the NASDAQ with the index up nearly 1% at the […]
AUD/USD Holds Above 0.6600, Eyes On Chinese PMI, Core US PCE Data
Image Source: Unsplash AUD/USD loses ground near 0.6620 on the modest recovery of USD. The US economy expanded at an annualized rate of 5.2% vs 4.9% prior, better than expected. Australian monthly CPI eased 4.9% YoY from 5.6% in the previous reading. Chinese PMI and the US Core Personal Consumption Expenditure Price Index (PCE) will be […]
Looking Ahead To Q4 Earnings
Image Source: Unsplash With results from nearly 97% of S&P 500 members already out, we can confidently say that the overall earnings picture remains stable and largely positive. Earnings growth for the S&P 500 index, which was negative for each of the preceding three quarters, turned positive in Q3.One major sector whose results really stood out […]
