Category Archive: Finance, No picture
China Housing Market: Beyond Walls And Armchair Generals
Photo by Yan Ke on UnsplashThe Chinese housing market has become a captivating and dynamic space that reflects the country’s rapid economic growth and the evolving aspirations of its population. One remarkable trend in recent years is the high homeownership rate among Chinese millennials, with an astounding 70% owning a home. This statistic not only […]
China Returns To Disinflation As CPI, PPI Drops
Photo by Yan Ke on UnsplashAccording to data released by the National Bureau of Statistics (NBS), both the Consumer Price Index (CPI) and Producer Price Index (PPI) experienced significant declines in October. The CPI dropped by 0.2% year-over-year, following September’s flat growth, signaling lower consumer spending in the retail sector.Meanwhile, the PPI continued its downward […]
Recovery Conditions Are Forming For Oil
Image Source: Unsplash As of Tuesday’s stock market close, the Dow Jones Industrial Average (US30) decreased by 0.65%, while the S&P 500 Index (US500) lost 0.81%. The Nasdaq Technology Index (US100) closed negative by 0.94% on Thursday.US Fed Chairman Powell spoke at the IMF’s annual academic conference yesterday. In a prepared speech, Powell said that he and his colleagues are pleased that inflation […]
Daily Market Outlook – Friday, Nov. 10
Image Source: Unsplash Asia – Stocks across the board faced a widespread decline, echoing the negative sentiment emanating from Wall Street that rippled through the APAC region. Multiple factors contributed to this downturn, including a lacklustre 30-year US auction and Federal Reserve Chair Powell’s hawkish stance. In the APAC arena, the struggle extended beyond global influences, […]
Crude Oil Futures: Rebound In The Offing?
Image Source: UnsplashCME Group’s flash data for crude oil futures markets noted traders scaled back their open interest positions for the four session in a row on Thursday, this time by around 14.7K contracts. In the same line, volume reversed two daily builds in a row and shrank by nearly 252K contracts.WTI appears supported around $75.00Prices […]
United States: The Burden Of Public Debt Becomes Increasingly Problematic
Image Source: UnsplashUS markets are currently close to their all-time highs. Let’s take a look at the reasons for this trend.First of all, the sector benefiting most from this rise is undoubtedly the technology sector, which has seen a record influx of new investors since last April. The technology sector alone accounts for the performance of […]
Elliott Wave Technical Analysis: THETAUSD – Friday, November 10
Image Source: Upsplash Elliott Wave Analysis TradingLounge Daily Chart, 10 November 23, Theta Token/U.S. dollar (THETAUSD) THETAUSD Elliott Wave Technical Analysis Function: Follow trend Mode: Motive Structure: Diagonal Position: Wave V Direction Next higher Degrees: wave (C) of Zigzag Wave Cancel invalid Level: Details: Wave V maybe complete and five-wave rise will support idea. Theta Token/U.S. […]
Asia Morning Bites For Friday, November 10
Image Source: UnsplashGlobal macro and markets: Global markets: A disappointing auction for 30Y Treasuries yesterday fed through to higher yields across the curve. The yield on the 30Y bond rose 15bp to 4.765%, and that lifted yields on the 10Y (+14.9bp to 4.624%) and also the 2Y (+8.8bp to 5.02%). Despite nosing below 4.5% the other day, […]
3M Stock Declines After Company’s Leadership Changes
Image Source: Unsplash 3M announced leadership changes, with Jeff Lavers and Ashish Khandpur preparing the company. The Health Care Business Group is currently preparing for a planned spin-off. The company has initiated a search for Ashish Khandpur’s successor. 3M Company (MMM) saw its stock price experience a decline of 0.89% during today’s trading session, closing at $92.32 per […]
AUDJPY Elliott Wave Support Area For More Upside
Image Source: UnsplashAUDJPY has a higher high bullish sequence from 7.28.2023 low favoring further upside with 100% – 161.8% target towards 98.08 – 101.23. Short term, the rally from 10.3.2023 low is unfolding as a 5 waves impulse. Up from 10.3.2023 low, wave ((i)) ended at 95.825 and pullback in wave ((ii)) ended at 94.227 as the 1 […]
