Category Archive: Finance, No picture
The Holiday Shopping Season Provides Support For US Stock Indices
Image Source: Unsplash US stock indices continued their rally yesterday. At the close of the stock exchange, the Dow Jones Index (US30) rose by 0.58%, and the S&P 500 Index (US500) gained 0.74%. The Nasdaq Technology Index (US100) closed positive by 1.13% on Monday. At the same time, the S&P 500 Index (US500) and Dow Jones (US30) hit 3-month highs, and the Nasdaq Index (US100) reached […]
Cramer Reacts To Starbucks Losing Top Spot In China To Luckin Coffee
Starbucks Corp (SBUX) is in focus today following a report that it is no longer the largest coffee chain in China in terms of sales.Unsplash Jim Cramer shares his view on Starbucks stockThe multinational has lost that title to Xiamen-headquartered Luckin Coffee, as per the Wall Street Journal. With close to 11,000 stores in China, it is now the […]
FX Daily: Renminbi Shorts On The Run
Image Source: Unsplash A softer dollar environment has seen Chinese authorities turn the screws on those with short renminbi positions. Look for further dollar weakness today given the risk of the lowest US existing home sales data since 2010 and some FOMC minutes which could be read less hawkishly. Elsewhere, look out for a 75bp base rate […]
Elliott Wave Technical Analysis Day Chart: British Pound/U.S. Dollar – Tuesday, Nov. 21
Image Source: Unsplash GBPUSD Elliott Wave Analysis Trading Lounge Day Chart, 21 November 2023British Pound/U.S.Dollar (GBPUSD) Day ChartGBPUSD Elliott Wave Technical AnalysisFunction: Counter TrendMode: impulsiveStructure: Blue wave Y of XPosition: 2/BDirection; Next Lower Degrees: Black wave YDetails: red wave C of Y of black wave X is in play and likely to end between fib […]
Market Briefing For Tuesday, Nov. 21st
Institutional participation is typically limited this week, so is ‘retail’ interest for days ahead of Turkey Day. So amplified moves get impacted accordingly. In today’s case it was mostly Microsoft (MSFT), with Boeing (BA) as well, not much else.Unsplash OpenAI is basically built on Microsoft Azure so it makes sense and Microsoft almost has control of the software already, well perhaps. Other AI […]
EUR/JPY Price Analysis: Extends Its Downside, The Next Contention Level Is Seen At 161.60
Image Source: Unsplash EUR/JPY loses traction amid the lack of a catalyst in early European session on Tuesday. The bullish outlook remains intact as the cross still holds above the key 100-hour EMA. The immediate resistance level is located at 161.46; the initial support level is seen at 161.60. The EUR/JPY cross extends its downside during […]
“Choiceful” Usage By CEOs Hits Record In Earnings Calls To Describe Consumer Slowdown
Image Source: UnsplashCorporate executives in the US, including those from Walmart (WMT) to McDonald’s (MCD), have found a new favorite word to characterize the slowdown in consumer spending: “choiceful.”Data from the Bloomberg Document Search function shows the number of times “choiceful” was mentioned in third-quarter earnings calls hit a record high of 22, nearly double from […]
Asia Morning Bites For Tuesday, November 21
Image Source: UnsplashGlobal macro and markets Global markets: US Treasury yields saw further small increases at the front end of the yield curve yesterday, but 10Y yields declined very slightly. The 10Y now yields 4.42%. We saw very similar action yesterday, with small increases in 2Y yields, but a flat 10Y yield. There was very little on […]
AI Events Dictate Monday’s Bull Market; Zoom Beats
Image Source: UnsplashA familiar narrative from 2023 took hold of the markets today: tech stocks, particularly those with Artificial Intelligence (AI) capabilities. Succinctly, this morning we saw that fledgling AI company OpenAI had fired its CEO Sam Altman — and Microsoft (MSFT) wasted no time wooing Altman to run its AI business. The dust is far from settled […]
Metals Report For Monday, November 20
Image Source: UnsplashIn this video, Ira Epstein reviews the day’s trading in the gold and other relevant metal markets.Video Length: 00:07:39 More By This Author:SPDR ETF Report For Thursday, November 16Financial Markets Report For Thursday, November 16Metals Report For Thursday, November 16
