Category Archive: Finance, No picture
USD/CAD Weekly Forecast: Resilient Economy Boosts Greenback
Image Source: Unsplash Data revealed a bigger-than-expected drop in Canada’s inflation. The dollar initially weakened after a dovish FOMC meeting. Next week, traders will get to assess GDP data from the US and Canada. The weekly forecast for the USD/CAD currency pair remains optimistic, fueled by the relentless strength of the US economy, as showcased in the latest […]
Gold Trading Strategy Today; XAUUSD Analysis And Forecast
More By This Author:Dow Jones Analysis Today & Week Ahead Forecast SP500 Analysis Today And Price Prediction Forecast USDCAD Analysis Today And Price Prediction Forecast
Stock Market On Last Leg Higher With Precious Metals Confirming
Image Source: UnsplashWhat does FOMO buying versus FOMO selling indicate may be on the horizon when the stock market is in an uptrend? Will gold and silver break through their previous highs?00:08:29More By This Author:Is There Danger In The Running Correction The Market Is Participating In? Market Melt-Up Continues Sucking In Investors Before The Music StopsExactly How High […]
Gold Failed To Capitalized On Falling Yields Amid US Dollar Rebound
Image Source: Unsplash Gold prices saw a second day of decline on Friday, falling to $2,159 after peaking at an all-time high of $2,223. The Federal Reserve’s dovish stance on interest rates kept US yields down, except for the US dollar. Odds for a Fed rate cut in June remained above 70%, according to the CME FedWatch Tool. The […]
Week In Review: Three Multinationals Plan Investments In Southeast Asia Facilities
Image Source: Unsplash Company News Shanghai WuXi Biologics (WXXWY) has broken ground on a $1.4 billion facility in Singapore, the first CRDMO to offer end-to-end biologics research, development, and manufacturing in the city-state (see story).Last year, the company said its new bioprocessing platform, WuXiUI, offers a 3 to 6-fold increase in productivity and a 60-80% savings in cost of goods sold […]
Eagle Materials: A Top Materials Pick Benefiting From Infrastructure, Construction Demand
Image Source: PexelsConstruction spending from the federal infrastructure spending bill passed in 2021 is expected to increase substantially in the coming years, and that’ll be a boon for Eagle Materials (EXP). The Dallas-based firm produces both heavy and light construction materials, including concrete, construction aggregate, gypsum, wallboard, and sand for hydraulic fracturing, notes Mike Cintolo, editor of Cabot Top Ten […]
Technical Market Report – Saturday, March 23
The good news is:The Dow Jones Industrial average (DJIA), S&P 500 (SPX) and NASDAQ composite (OTC) all hit all time highs last Thursday and the Russell 2000 (R2K) hit a multi year high. The NegativesThe first chart covers the last 6 months showing the OTC in blue and a 10% trend (19 day EMA) of NASDAQ […]
Goldman Takes A Field Trip To Tesla & Rivian
Image Source: PexelsLast month, Morgan Stanley analyst Adam Jonas described the electric vehicle industry as “extremely negative” and predicted further deterioration. Following this assessment, Goldman Sachs analysts met with executives from Tesla (TSLA) and Rivian (RIVN) on Thursday to delve deeper into the industry’s challenges. Goldman’s Mark Delaney and other analysts first met with Tesla executives at […]
The End Of Japan’s Negative Interest Rates: What It Means For Gold
Image Source: PexelsThe Bank of Japan’s historic move to end the country’s negative interest rate policy after nearly two decades triggered a jolt upward to new all-time highs for gold against the yen. But what are the implications for gold in the medium and longer term? The answer is far from simple. The yen initially rose against […]
