Category Archive: Finance, No picture
Softs Report – Tuesday, March 26
Photo by Marianne Krohn on Unsplash CottonGeneral Comments: Cotton was a little higher yesterday as ideas of weaker export demand went against improving ideas of demand potential from China. It is too early to plant in Texas but the heat and dry weather raises concerns about production potential later in the growing season and blackened […]
Cloud Stocks: Analysis Of Zscaler’s Avalor Acquisition
Image Source: Unsplash Cloud security provider Zscaler (Nasdaq: ZS) recently reported its quarterly performance that outpaced market expectations. The company is focusing on AI as its growth engine and recently announced an acquisition in the space as well. Zscaler’s FinancialsRevenues for the second quarter grew 35% to $525 million, ahead of the market’s forecast of $507.6 million. Non GAAP […]
Weakness In US Investment Keeps The Focus On The Consumer
Image Source: Pexels Durable goods orders are a good lead indicator for broader capex spending in the US. Unfortunately, ongoing weakness here suggests investment spending will remain a constraint on overall growth with the US’ 2024 economic prospects being determined by the consumer. Investment has lagged behind other parts of the economyThe US economy beat expectations […]
Analytical Overview Of The Main Currency Pairs – Tuesday, March 26
Image Source: Unsplash The EUR/USD currency pairTechnical indicators of the currency pair: Prev Open: 1.0807 Prev Close: 1.0836 % chg. over the last day: +0.27 % Weaker-than-expected US economic news on Monday pressured the US dollar after an unexpected decline in February’s new home sales. The weaker dollar on Monday caused some short covering in EUR/USD. However, the euro’s […]
Elliott Wave Technical Analysis: Johnson & Johnson – Tuesday, March 26
Image Source: Pexels JNJ Elliott Wave Analysis Trading Lounge Daily Chart,Johnson & Johnson, (JNJ) Daily ChartJNJ Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: Motive POSITION: Wave (3).DIRECTION: Upside in wave 3 of (3).DETAILS: Looking for a three wave move into wave (2) to be completed as we found support on Medium Level at 150$. We are still […]
Bank Of Japan Exits Negative Rates: What’s Next?
Image Source: Unsplash The Bank of Japan (BoJ) and the Japanese yen were closely connected with negative interest rates and yield curve control policy in the last few years. The aging population, deflationary pressures, and global economic shifts forced the Japanese government to implement various measures to stimulate growth, including monetary easing policies and structural reforms.However, […]
Low Affordability To Weigh On Eurozone Housing Market In 2024
Image Source: Unsplash One of the main reasons for last year’s decline in demand for housing loans was the declining affordability of residential real estate. This year, due to the prospect of recovering house prices and limited downside potential for mortgage rates, the expected rise in wages is unlikely to improve purchasing affordability of residential real estate. […]
FX Daily: Global Stabilization
Image Source: Unsplash Markets are navigating much calmer waters after last week’s action. The PBoC’s efforts to stabilise the yuan are offering support for FX risk sentiment and hurting the dollar’s momentum. The declining FX volatility may keep the yen pressured by funding demand for carry trades, making USD/JPY even more reliant on a move in […]
Tuesday Talk: Big-Tech Under Attack
On Thursday the Justice Dept. filed an antitrust suit against Apple. The suit joins two others already filed against Google. How much this will affect the market in the long run is up for grabs, but it did bring the market down a bit on Monday.PexelsYesterday the S&P 500 closed at 5,218, down 16 points, the […]
Elliott Wave Technical Analysis: ASX: Fortescue
Image Source: Unsplash Unlocking ASX Trading Success: Fortescue LTD – FMG Stock Analysis & Elliott Wave Technical ForecastASX: Fortescue LTD – FMG Elliott Elliott Wave Technical Analysis TradingLounge (1D Chart)Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with Fortescue LTD – FMG. We have identified that wave (v) may return to FMG […]
