Category Archive: Finance, No picture
Political Tensions Rise In Bulgaria As Country Waits For Euro Green Light
Bulgaria is set for decent growth in 2024. It’s due to adopt the euro next year, but political and inflationary concerns remain and it’s still waiting for a final decision to become part of the eurozone club.PexelsAt the time of writing, we are still unsure whether there’ll be an imminent snap election in Bulgaria. Our […]
Tuesday Talk: Still Talk Of The Town – Inflation
Inflation doesn’t seem to be moving higher, but its downward trajectory seems to have slowed to a crawl, around 3.2%, which is keeping interest rates higher than anticipated, but also keeping the brakes on runaway inflation.UnsplashOn Monday the S&P 500 closed at 5,149, up 32 points, the Dow closed at 38,790, up 76 points and the […]
U.S. Recession Probability Nears A Double-Top
The odds the U.S. economy will see a recession start at some time in the next twelve months continued to rise during the past six weeks. Since our previous update, that probability has risen a couple of notches to just over 76%. This resurgence began after the recession probability bottomed at 67% at the end of […]
FX Daily: BoJ Lift-Off Underwhelms The Yen
Image Source: Unsplash The Bank of Japan has finally ended its eight-year reign of negative interest rates and shifted to a more conventional policy of targeting short-term interest rates. Kudos to BoJ Governor Kazuo Ueda for achieving this without dislocating financial markets. A policy rate near 0.1% still leaves the yen vulnerable in a low-volatility world. […]
Elliott Wave Technical Analysis: ASX – Santos Limited (STO)
Image Source: Unsplash ASX – SANTOS LIMITED (STO) Elliott Wave Technical Analysis – 19 March 24 ASX – SANTOS LIMITED (STO) Elliott Elliott Wave Technical Analysis TradingLounge (1D Chart), March 19, 2024Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with SANTOS LIMITED (STO) shares. We observe that STO may continue to rise […]
Time To Buy These Top-Rated Basic Materials Stocks Amid An Uptick In Inflationary Data
Image Source: UnsplashAn uptick in inflation can of course be beneficial to many basic materials companies as they are often able to capitalize on higher commodity prices.Markets have remained resilient despite February’s CPI (Consumer Price Index) and PPI (Producer Price Index) data coming in hotter than anticipated but it may be time to consider buying several […]
AUD/JPY Struggles To Lure Buyers, Remains Below 98.00 Mark After RBA/BoJ Announcements
Image Source: Unsplash AUD/JPY retreats from over a one-week high after the RBA and the BoJ announced their decisions. The RBA decided to keep the benchmark rates unchanged for the third straight meeting in March. The BoJ ends the negative interest rates era and also scraps the Yield Curve Control (YCC) policy. The AUD/JPY cross continues […]
Reserve Bank Of Australia Drops Its Tightening Bias
Image Source: PexelsWhat has changed?The RBA met today to discuss policy, but there was no expectation of any rate change today, and the entire focus of the market was on the RBA’s statement and guidance.The sum-total of what markets are reacting to today amounts to eleven words, these are “…and a further increase in interest rates […]
Bank Of Japan (Finally) Kills The World’s Last Negative Interest Rate, Yen Weakens
Image Source: PexelsAs has been thoroughly warned, straw-manned, leaked, and hinted at over the past few weeks (here, here, and here for example), The Bank of Japan hiked interest rates tonight for the first time since 2007. This move ends the world’s last negative interest rate policy.The vote, at 7-2 to scrap the negative interest rate (setting the policy rate […]
Amazon Looking For 7 Swing Correction
Image Source: UnsplashShort Term Elliott Wave view in Amazon (AMZN) suggests that wave 4 is in progress as double three Elliott Wave structure. Rally to 180.14. Down from there, wave A ended at 176 and the rally in Wave B ended at 177.08. The stock then resumed lower in wave c towards 173.3 which completed wave (w) in […]
