Category Archive: Finance, No picture
Nasdaq 100 & S&P 500 Elliott Wave Update – Monday, Aug 26
Image Source: PexelsStarting with the ES I took a deeper dive into a discussion on the structures off of the 60- and 15-minute charts. The patterns are very hard to recognize but I do manage to make some sense out of it. Both counts (preferred/alternate) remain in play and continue to hold at least 50% probability […]
Here’s The Script The Fed’s Jackson Hole Statement Really Flipped
Image Source: UnsplashIt was cute to watch Chairman Powell speak at a luxurious resort at Jackson Hole, on the edge of the old Frontier.To his credit, he addressed the root causes of inflation – spending and monetization… but then he laughed off the notion that they got the “transitory” part wrong. It’s easy for those in […]
Nvidia In Focus As A Macro Date With Destiny Approaches
Image Source: UnsplashMARKETSThe Dow Jones Industrial Average hit an all-time high on Monday, even as the tech behemoths decided to take a breather, leaving U.S. stock indexes with a mixed finish. The S&P 500 slipped 0.3%, flirting with its July record, just 0.9% away. Meanwhile, the Nasdaq took a 0.9% stumble, dragged down by the usual […]
Australian Dollar Declines On USD Recovery, Outlook Bright
Image Source: Unsplash AUD/USD declines amidst rising risk-off sentiment. China’s PBOC keeps its 1-year MLF rate steady at 2.30%, which failed to trigger movements on the AUD. The RBA’s hawkish stance supports the Australian Dollar. The AUD/USD declined by 0.30% to 0.6775 in Monday’s session as the Australian Dollar (AUD) edged lower despite hovering around a seven-month high […]
The Bond Market’s Ongoing Battle With The Federal Reserve
Image Source: PexelsSince the federal funds rate hit 5% in March 2023, the bond market has been battling it out with the central bank. The market assumed that the U.S. economy was heading for recession and required more accommodative monetary conditions. This negative outlook has been influenced by the pervasive loose monetary policy that was put in place […]
Telegram CEO charged with ‘complicity’ in grave crimes as French gov websites face DDoS attacks
Key Takeaways Russian hackers allegedly targeted French government websites in response to Pavel Durov’s arrest. President Macron claims the arrest of Telegram’s CEO was not politically motivated. Share this article The Paris Public Prosecutor’s Office has issued a press release detailing the official charges against Telegram CEO Pavel Durov. The judicial investigation, opened on July […]
Invest In Petrobras Stock For A 60% Net Return In 12 Months: Analyst Says
Image Source: Unsplash Morgan Stanley analyst sees upside in Petrobras stock to $20. Shares of the oil giant are particularly attractive for income investors. Petrobras share price is currently down about 12% versus YTD high. Shares of Petrobras (PBR) are rallying on Monday after a Morgan Stanley analyst issued a bullish note in its favour.Bruno Montanari […]
Real Estate Roars Back
Image Source: PexelsBears are still stuck playing defense in this market following the volatility earlier this month. But on Friday, Fed Chair Powell came out and confirmed what we already knew: Rate cuts are coming in September.To be clear, markets have already priced in these cuts. That’s why we’ve been seeing sectors associated with monetary easing […]
Tesla’s Price Cuts Put A Charge Into Used EV Sales
Image Source: PexelsThe used EV market is finally starting to catch a bid, thanks to Tesla’s (TSLA) trendsetting in lowering prices during the last two years of major ongoing EV competition.The change in the market has been evidence at CarMax Inc.’s superstore in Fremont, California, according to a new Bloomberg report. General manager Henry Melendez told Bloomberg about the results of […]
AUDNZD May Have Found The Resistance
Image Source: UnsplashAUDNZD is turning down now from projected 61,8% Fibo. retracement and strong 1.11-1.12 resistance area for wave (B). It’s now trying to continue lower out of a bear flag and ahead of Australian CPI inflation data this week. The number below 3.4% should be interesting for bears within a higher degree wave (C), especially […]
