Category Archive: Finance, No picture
South American Weather Is The Bullseye. The Corn & Ethanol Report
We kicked off the day with Building Permits final and Building Permits MoM Final at 6:50 A.M., New Home Sales and New Home Sales MoM at 9:00 A.M., Dallas Fed Manufacturing Index at 9:30 A.M., Export Inspections at 10:00 A.M., 2-Year Note Auction and 6-Month Nill Auction at 10:30 P.M., 3-Month Bill Auction and 5-Year […]
The Ripple Effect Of Oil Drops On Gulf Markets
Image Source: Unsplash Major stock markets in the Gulf are dancing to the tune of falling oil prices, a phenomenon that has become synonymous with the region’s financial landscape. As Brent approaches $80 a barrel, investors are holding their breath for the upcoming OPEC+ meeting, anticipating decisions that could shape the oil industry’s trajectory well into 2024. […]
Next Year’s Housing Crash, In Charts And Anecdotes
Image Source: Unsplash Signs are multiplying that the US housing bubble is about to pop. To start with the headline number, home sales are back at Great Recession levels.Declining sales are no surprise when viewed against a backdrop of the worst affordability in American housing history. The following chart explains why Boomers are such a cocky […]
Analytical Overview Of The Main Currency Pairs – Monday, Nov. 27
Image Source: Unsplash The EUR/USD currency pairTechnical indicators of the currency pair: Prev Open: 1.0902 Prev Close: 1.0901 % chg. over the last day: +0.29 % The dollar retreated on Friday after economic news showed that the US manufacturing PMI for November declined more than expected. The S&P Manufacturing PMI fell by 0.6 to 49.4, weaker than the expected 49.9. In addition, […]
Market Observations: E-Mini S&P 500 Shows Signs Of Support In Rotational Week
Image Source: Unsplash The E-mini S&P 500 is trading with little change, hovering around 4564. The market closed the prior week with a double distribution to a p-shaped volume profile structure. Market participants appear to have found support around the low volume area, which is currently being filled. The Point of Control (POC) might act as […]
EUR/USD: Currency Pair Of The Week – Monday, Nov. 27
Image Source: Unsplash The EUR/USD’s upward drift continues as it edges ever closer to the 1.10 handle, now just 50 pips shy of that psychological barrier. It has been a good month for the EUR/USD, rising nearly 450 pips (4.25%) from the lowest to the highest point of the month so far. As we enter the […]
Elliott Wave Technical Analysis: PepsiCo Inc. – Monday, Nov. 27
Image Source: Unsplash PepsiCo Inc., Elliott Wave Technical AnalysisPepsiCo Inc., (Nasdaq: PEP): 4h Chart 27 November 2023PEP Stock Market Analysis: Looking for a potential wave {iv} that keep moving in the opposite direction, which is why we are considering either a diagonal into wave (c) or else we could most likely be in a complex correction […]
S&P 500 Forecast: Stocks Hover Around A 3-Month High At The Start Of A Busy Week
Image Source: Unsplash US futuresDow futures -0.1% at 35342S&P futures -0.08% at 4551Nasdaq futures +0.02% at 15956In EuropeFTSE -0.24% at 7474Dax -0.25% at 15997 US inflation data & Fed speakers in focus this week Market sees rate cut more likely than not in May E-commerce stocks under the spotlight on Cyber Monday Oil slips ahead of […]
What To Do If You Own A Stock Subject To A Short Attack
A few weeks ago, one of my Dividend Hunter recommended stocks was the target of a short attack press release. The company has a stable, profitable business. The small market cap becomes the main appeal to short sellers, making it easier to manipulate the share price.Here’s how to tell if the short attack is legitimate – and […]
Gold Price Forecast: XAU/USD Hovers Above $2,010 On Weaker US Dollar
Image Source: Unsplash Gold price extends gains as investors take caution ahead of the skew of US data. China’s industrial profits declined by 7.8% could dampen the positive sentiment arising from the PBoC stimulus measures. Fed officials mentioned closely monitoring incoming data before making policy decisions. Gold price maintains its position above $2,010 per troy ounce […]
