Category Archive: Finance, No picture
Copper Elliott Wave Analysis: Shorter Cycles Expect Further Decline
Hello traders. Welcome to a new commodity blog post. In this one, we will look at the Copper Elliott wave analysis from our team of analysts. We will especially look at an Elliottwave path discussed in of one of our updates shared with members of ElliottWave-Forecast in May 2024. In conclusion, we will discuss how we will […]
The Price Of Bitcoin Is Back Above $71,000 This Morning
Bitcoin chart analysisThe price of Bitcoin continues to recover, climbing to the $71286 level today. We are currently at the $71170 level and expect to see a bullish trend with the formation of a new weekly high. At $71958, the price will test the May high. Potential higher targets are $72000 and $72500 levels.Yesterday’s movement managed to […]
Dollar Tree Misses Q1 Revenue, Will Reconsider Family Dollar Strategy
Image Source: Unsplash Dollar Tree, Inc. (Nasdaq: DLTR) has reported its financial results for the first quarter of fiscal 2024, which ended on May 4, 2024.The company achieved a consolidated net sales increase of 4.2% year-over-year, reaching $7.63 billion. However, the company’s diluted earnings per share (EPS) was $1.38, slightly below the adjusted diluted EPS of $1.43. […]
Dividends By The Numbers In May 2024
May 2024 was a solid month for the dividend paying firms of the U.S. stock market.The best evidence of that assessment can be found in the number of favorable dividend changes recorded by Standard & Poor for the month. S&P counted 245 positive changes during May 2024, which is up significantly over the previous month’s […]
USDCAD Set For Its Most Volatile Week Of 2024
CAD has fallen against most G10 peers so far in Q2 CAD weakened by expectations for Bank of Canada rate cuts Falling oil prices heap more downward pressure on “loonie” Bloomberg model: 75% chance of 1.3533 to 1.3812 one-week trading range USDCAD traders will be closely monitoring Bank of Canada decision today The Canadian […]
Australia’s Economy Is Slowing Down
Image Source: Pexels At Tuesday’s close, the Dow Jones Index (US30) was up 0.36%, while the S&P 500 Index (US500) added 0.15%. The Nasdaq Technology Index (US100) closed positive 0.17% yesterday. The April JOLTS job openings number fell more than expected to a 3-year low, pushing 10-year T-note yields to a 2-week low and reinforcing expectations that the Fed may cut interest rates sooner rather than […]
Canadian Market Commentary – Wednesday, June 5
BOC on WatchAll eyes are on the Bank of Canada today as Tiff Macklem and co prepare to unveil their June rate decision. The bank has been giving strong easing signals recently and with inflation falling and most economic indicators weakening, conditions appear ripe for a cut with market consensus projecting a .25% reduction today. […]
Rates Spark: US Growth Pessimism Drives Yields Lower
US yields have been falling for four days straight on growth pessimism. Bund yields have been dragged lower too but have less room to fall much further from here. Friday’s US payrolls will be an important data point to watch, but with yields already down significantly markets are already positioned for a disappointment. depositphotos US downbeat growth expectations are […]
Asian Stock: Bluestar Adisseo
TM Editors’ note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence.Company: Bluestar Adisseo CompanyBloomberg ticker: 600299 SHMarket cap: US$3,434mBackground: Bluestar Adisseo Company manufactures and markets feed additives. The Company’s products include organic silicone monomer, epoxy resin, bisphenol A, PBT resin, phenol, acetone, and other related chemicals. Bluestar Adisseo designs, produces […]
AUD/USD Price Analysis: Surges Despite Lackluster GDP Figures
The AUD/USD price analysis shows mild bullish sentiment as the Aussie edges higher despite poor GDP data in Australia. The currency strengthened against a weak dollar after data in the previous session revealed a drop in US job openings.Data from Australia on Wednesday showed the economy slowed in the first quarter as consumer spending fell […]
