Category Archive: Finance, No picture
Oil Prices Steady On Rising China Demand Hopes And Geopolitical Tensions
Image Source: Unsplash Oil prices rose on Wednesday as hopes of a revival in demand from China boosted sentiments. China’s oil imports rose on a year-on-year basis for the first time in six months during November. China’s Politburo on Monday decided on a more expansive monetary policy to boost economic activities. Oil prices rose on […]
FX Daily: What Today’s BoC Decision May Mean For The Fed And The Dollar
Image Source: Unsplash The dollar has come back bid this week. Any upside surprise to today’s US November core CPI number would trigger another leg higher in the dollar – as would only a 25bp rate cut from the Bank of Canada. This is because a 50bp rate cut is widely expected from the BoC and a […]
US CPI And Bank Of Canada Decision
Image Source: Unsplash The ongoing political struggles in Germany and France, along with expectations for an ECB rate cut and more dovish leaning communication at tomorrow’s meeting have kept the Euro well capped into rallies.Video Length: 00:01:12More By This Author:Canadian Dollar Hits Lowest Level Since April 2020 RBA Holds But More Dovish Than Expected US Dollar […]
Bean Mania: Arabica Coffee Hits New High, Cocoa Jumps To 7-Month High
Photo by Alexandre Brondino on UnsplashCash-strapped US consumers should be deeply concerned about rising food inflation. It’s ‘stickier’ than ever as coffee and cocoa prices surge.Arabica coffee futures in New York hit a record high on Tuesday, driven by ongoing fears of a global supply crunch. Prices surged nearly 5% during the session, reaching their highest level in data dating […]
Elliott Wave View: Dow Futures Looking For Further Upside
Image Source: UnsplashShort Term Elliott Wave in Dow Futures (YM) suggests rally from 11.5.2024 low is in progress as a 5 waves diagonal. Up from 11.5.2024 low, wave ((i)) ended at 44625. Pullback in wave ((ii)) ended at 42999. The Index has resumed the rally higher in wave ((iii)). Up from wave ((ii)), wave (i) ended at […]
SEC’s Caroline Crenshaw faces intense opposition ahead of Senate vote
Key Takeaways Caroline Crenshaw is criticized for her stance against crypto and spot Bitcoin ETFs. The SEC faces leadership changes amid internal disagreements on crypto regulation. Share this article The Senate Banking, Housing and Urban Affairs Committee is set to decide on the reappointment of Caroline Crenshaw as SEC commissioner tomorrow. Crenshaw’s renomination, however, faces […]
Market Indexes Close In The Red Ahead Of CPI Data
Image Source: UnsplashMarket indexes spent most of the day riding flat trading levels after a mixed pre-market brought the positive Nasdaq and S&P 500 down and the Dow and small-cap Russell 2000 up by late morning. By an hour and a half before the closing bell, all major indexes were negative or heading there.By the closing […]
Calamitous Ratio
Image Source: UnsplashOur mutual friend LZ brought to our attention the ratio chart AMD/SMH, which is a thing of stellar beauty!More By This Author:ETF Review – Sunday, Dec. 8Ten Leaping LongsEnergy Victory
Nasdaq 100 & S&P 500 Elliott Wave Update – Tuesday, Dec 10
Image Source: UnsplashNot much to be added to the current analysis – the minuette 4th waves in the NQ and ES continue to unfold on Tuesday. While I do feel that additional downside is needed before the moves are complete there remains the potential that today’s afternoon lows completed the moves with the minuette 5th waves […]
Preparing For An Inflation Uptick
Image Source: UnsplashUS MARKETSUS stocks paused on Tuesday, with investors treading cautiously on the eve of a critical consumer inflation report that could dictate the Federal Reserve’s next move on interest rates. After a tumultuous year navigating relentless macroeconomic dynamics and a barrage of geopolitical shocks, traders are looking to wind down. Yet, the journey isn’t […]
