Category Archive: Finance, No picture
FX Daily: Fed Minutes Keep Dollar Supported
Last night’s release of the September FOMC minutes revealed a Fed intent on ‘recalibrating’ restrictive monetary policy. Certainly, there was no sense that the Fed was rushed into a 50bp rate cut. As the Fed notes, short-term rate differentials drive the dollar. And risks of a 0.3% MoM core September CPI release today can keep the […]
China launches ¥500 billion funding scheme to support stock market
Key Takeaways China’s central bank has launched a ¥500B scheme to support the stock market. Financial institutions can use various assets as collateral under the new funding scheme. Share this article The People’s Bank of China (PBOC) said today it has established a ¥500 billion ($70.6 billion) funding scheme to support the Chinese capital market. […]
Markets Up Ahead Of CPI, Jobless Claims Thursday
Image Source: UnsplashMarkets closed today’s session in the green across the board. The Dow shot forward +431 points, +1.03%, the S&P 500 +0.71%, the Nasdaq +108 points, +0.60% and the small-cap Russell 2000 +0.15%. This, after opening today’s session flat-to-down on each of the major indexes. Big Morning for Inflation, Jobs Data Thursday Tomorrow morning, being […]
A Detailed Analysis Of Q3 Earnings Expectations
Image Source: Unsplash Estimates for 2024 Q3 came down since the start of the quarter on July 1st, with the magnitude of estimate cuts significantly bigger than what we had seen in the comparable periods of other recent quarters. This negative shift in the revisions trend sharply contrasts the prior favorable development on this front in […]
Nasdaq 100 & S&P 500 Elliott Wave Update – Wednesday, Oct 9
Image Source: PexelsTonight, I have taken down the labeling for the “continuing Minor 4th waves) from both the ES and the NQ. They remain possible, but it is necessary to detail the “Minor 5th waves up) that also carry IMO a bit more probability of being in force. I also review Minor 5th wave Fibonacci levels […]
Australian Dollar Extends Decline As Traders Brace For US CPI Data
Image Source: Unsplash The Australian Dollar remains under selling pressure in Thursday’s Asian session. The firmer USD and lack of further China’s stimulus measures drag the pair lower. The US CPI inflation data will be in the spotlight on Thursday. The Australian Dollar (AUD) extends its decline on Thursday. The stronger US Dollar (USD) amid rising […]
Are Pharma Stocks Harmful To Your Financial Health ?
Image Source: PexelsIn the 1960s, regulators determined that cigarettes were harmful to smokers’ health and a warning label was required to be on all cigarette packages. Later, cigarette makers were banned from advertising on television and in magazines.Now there is a proliferation of glitzy ads for risky biotechnology stocks on CNBC and other financial television programs. […]
Asia Morning Bites For Thursday, Oct 10
Image Source: Unsplash Global Macro and Markets Global Markets: US Treasury yields kept rising yesterday as the recent Fed minutes suggested that some of the attendees felt a 25bp cut would have been more appropriate. The Fed’s Daly overnight has suggested that another one or two 25bp cuts this year would seem likely. 2Y yields rose […]
Bullish SP500 Elliott Wave Analysis Ahead Of U.S. CPI And Employment Data
Image Source: UnsplashElliott Wave Analysis for Indices: S&P 500, Nasdaq 100, RUSSELL 2000, DAX 40, FTSE 100, ASX 200At the intermediate degree, I am tracking two bullish Elliott Wave counts. We are currently holding long positions in the minute degree, specifically in Wave (iii) of iii), and plan to trade up to Minute Wave v) before […]
Top Stock Reports For Nvidia, Duke Energy & American Electric Power
Image Source: PexelsThe Zacks Research Daily presents the best research output of our analyst team. Today’s Research Daily features new research reports on 12 major stocks, including NVIDIA Corp. (NVDA), Duke Energy Corp. (DUK), and American Electric Power Co., Inc. (AEP), as well as a micro-cap stock MIND Technology, Inc. (MIND). The Zacks microcap research is […]
