Category Archive: Finance, No picture
A Further Examination Of The State Of The Economic Tailwind
Image Source: UnsplashWith no big economic news today, I thought I would pick up where I left off on Friday, when I identified three major reasons for the economic tailwind that prevented a recession from happening in the past 12 months. 1. Commodity Prices Generally and Gas Prices Specifically I am beginning to think that all […]
Gold Shorts Covered, Silver Shorts Added
Image Source: UnsplashJust a few weeks ago, the gold and silver prices were languishing again, with gold trading in the $1830’s while silver was below $21. Yet we’ve seen a substantial rally since then, partially aided by the unfortunate geopolitical events in the Middle East, that left gold briefly over the $2,000 mark on Friday, while […]
Alphabet Inc. Reacting Higher From Blue Box Area
Image Source: UnsplashIn today’s article, we will take a look at the past performance of the one-hour chart of Alphabet Inc. stock (GOOGL). The rally from the Sept. 26, 2023 low unfolded as a 5-wave impulse. So, we expected the pullback to unfold in 7 swings, and to find buyers again at the blue box area. We will explain […]
Canadian Dollar Looking For Early Gains Against US Dollar Ahead Of Upcoming BoC Rate Call
Image Source: Unsplash The Canadian dollar has been catching some air as the broad-market US Dollar Index has been receding. The Bank of Canada is slated to report this week with its next rate call on Wednesday. Market sentiment has been improving on Monday, sending the greenback lower. The Canadian dollar has recently been finding some momentum to kick off […]
Mortgage Rates Top 8.0 Percent, Good Luck Affording A Home
Image Source: UnsplashMortgage News Daily says mortgage rates officially top eight percent. Let’s crunch some mortgage payment numbers.Monthly mortgage calculations based on existing and current mortgage rates using Mortgage Rate Daily calculator and the Case-Shiller home price index.I have previously crunched housing affordability numbers before, but never at 8.0 percent.Case-Shiller is based on repeat sales of […]
Japanese Yen Eyes Potential Intervention Amid Rising USD/JPY
Image Source: UnsplashThe USD/JPY currency pair, after almost breaching the significant 150.00 threshold, retreated slightly. As of Monday morning, the pair stands close to this pivotal mark at 149.93.This temporary pullback is hinged on the anticipation that the US Federal Reserve might uphold the prevailing interest rates for an extended duration at its upcoming meeting.However, the […]
Wolf’s Weekly Trade Ideas
Image Source: UnsplashIn this Wolf’s Weekly Wavelist, we will go over: – Market Sentiment – Top Movers – High conviction trades – Elliot Wave Analysis – and of course our high possibility trades for the wavelist.Video Length: 00:08:39More By This Author:Middle East Conflict: Its Impact On Markets And OilMacro-To-Micro Power Hour: Is The Worst Over?Semis Soften As […]
Target Corporation: Bruised Retailer Fights For Survival
Image Source: Unsplash Target Corporation has been one of the worst-performing American retailer. The company is in the midst of a culture war, which has seen its stock collapse. It is also dealing with an elevated level of retail theft in major cities. Target (TGT), once a beloved retailer, is going through one of its biggest […]
EURUSD Tends To Fall Over The ECB Rate Meeting
Image Source: UnsplashShort-term interest rate markets currently see a 100% chance of the ECB keeping rates unchanged at the October 26th meeting. The terminal rate is seen as being around the current level of 4%. The question is will the ECB recognise that perhaps they need to look at when they will cut rates? With headline inflation […]
NFT Market Sees Major Shuffles Amid Blue-Chip Drops, Surprising Rises
The nonfungible token domain, ever changing in its dynamics, has witnessed valuation and demand fluctuations in the preceding 30 days, according to research from Nansen posted on Twitter. The last 30 days haven’t been kind on NFTs… Many of the “Blue-Chip” NFTs have seen their floor price drop by more than 25%, with Azuki’s continuing […]
