Category Archive: Finance, No picture
USD/CHF Consolidates Near 0.8880 Ahead Of Swiss Industrial Production
Image Source: Unsplash USD/CHF faced challenges on concerns over China’s property sector. Swiss Franc could gain ground on prevailing risk-off sentiment. Upbeat US jobless claims data seem ineffective to the US Dollar’s resilience. USD/CHF hovers around 0.8880 during the Asian session on Friday. The Swiss Franc (CHF), being a safe-haven currency, is receiving upward support amid […]
Amazon To Let Auto Dealers Sell Vehicles On Its Website From 2024
Image Source: Unsplash Amazon announced a strategic partnership with Hyundai on Thursday. The said collaboration includes vehicle sales directly through Amazon. Amazon stock is currently up a whopping 65% versus the start of 2023. Amazon.com Inc (AMZN) is in focus today after it announced plans to let auto dealers sell cars on its website from 2024.Amazon […]
China Home Prices Plunge The Most In Eight Years
Image Source: UnsplashWhile China keeps regurgitating the same tired and trite line about an “imminent” fiscal and housing stimulus, which reportedly is in the “trillions” of yuan, yet which to date is entirely imaginary and never actually materializes, its housing market continues to crater and will soon reach a point where a depression is unavoidable… at […]
Metals Report For Thursday, November 16
Image Source: UnsplashIn this video, Ira Epstein reviews the day’s trading in the gold and other relevant metal markets.Video Length: 00:08:09More By This Author:Financial Markets Report For Wednesday, November 15Metals Report For Wednesday, November 15SPDR ETF Report For Tuesday, November 14
The Commodities Feed: Oil Plummets
Image Source: UnsplashEnergy – Oil weakness increases likelihood of Saudi extensionEnergy markets came under pressure yesterday with ICE Brent settling 4.63% lower, which took it below US$77.50/bbl and to its lowest level since July. There was little in the way of fresh fundamental developments behind the move. Instead, a break below US$80/bbl appears to have brought […]
Ratio Chart Study For November 2023
Image Source: UnsplashIn this video, author Tim Knight guides us through 18 ratio charts from his pairs watchlist.Video Length: 00:07:56More By This Author:Crude Slips BadlyBitcoin’s Resilient Trends: A Year Of Compliance Since FTX BlowupCharting The Market Landscape
Stocks Are Weaker Than They Appear Ahead Of November OPEX
Image Source: UnsplashStocks finished the day flat, with the S&P 500 up just 12 bps, while the NASDAQ advanced ten bps. The day was not strong for the Russell 2000, down 1.5%; the S&P 500 equal weight, dropping 33 bps, and the NASDAQ 100 equal weight, down almost 50 bps. Tomorrow is November Opex.The reason I […]
AUD/USD Holds Above The Mid-0.6400s, Eyes On The US Housing Data
Image Source: Unsplash AUD/USD struggles to gain ground above 0.6500 and trades near 0.6468, adding 0.07% on the day. The US weekly Initial Claims climbed to the highest level in nearly three months. Employment growth in Australia came in better than the estimation. Traders will focus on the US housing data on Friday. The AUD/USD pair failed to […]
Diversifying Your Portfolio With Plant-Based Options
Image Source: Unsplash Being plant-based is no longer only a lifestyle choice. Instead, investors are catching up to this trend, looking to diversify their portfolios with consumer and biotech companies that manufacture and distribute vegan or plant-based products on the back of surging consumer demand. The world’s largest consumer products conglomerate, studies claimed that nearly one person […]
Has The Profit Cycle Bottomed?
Image Source: Unsplash The Q3 earnings reports continue to be better than expected even as we see the final phase of the reporting cycle through quarterly results from the likes of Walmart (WMT – Free Report), Target (TGT – Free Report), and other conventional retailers.Overall earnings growth is on track to be positive for Q3, the first year-over-year earnings growth […]
