Category Archive: Finance, No picture
2024 Started As 2023 Ended With Central Banks Buying More Gold
Image Source: Unsplash Central banks took up where they left off in 2023, adding more gold to their stockpiles to kick off the new year. Globally, central banks increased their gold reserves by a net 39 tons in January, according to the latest data compiled by the World Gold Council. Turkey was the biggest buyer in January, […]
Lagarde Opens The Door Slightly To June Rate Cuts
Photo by Finn Protzmann on Unsplash ECB President Christine Lagarde slightly opened the door to rate cuts at the June meeting. However, with inflation gradually coming down but not undershooting the target and growth returning to potential later this year, the central bank’s macro outlook doesn’t offer a lot of room for a longer series of […]
Russell 2000 Earnings Dashboard 23Q4 – Thursday, March 7
Image Source: Unsplash Russell 2000 Aggregate Estimates and Revisions The 23Q4 Y/Y blended earnings growth estimate is -15.9%. If the energy sector is excluded, the growth rate for the index is -10.2%. Of the 1473 companies in the Russell 2000 that have reported earnings to date for 23Q4, 56.4% reported above analyst expectations. The 23Q4 Y/Y blended revenue growth estimate is -1.5%. If the energy sector is excluded, the growth rate for […]
Consumer Discretionary Sector: A Favorite For Growth
Image Source: Unsplash The consumer discretionary sector is one of my favorite sectors for growth. Companies in this sector make goods that are fun to have but not essential, hence they follow economic cycles and consumers’ sentiment. This “all-you-fit-in” sector is also called consumer cyclical in financial literature.Discretionary spending is all the expenses you incur after […]
Elliott Wave Technical Analysis: WTI Crude Oil – Thursday, March 7
Image Source: Unsplash WTI Crude Elliott wave analysis – when will the corrective rally end?Function – Counter-trendMode – CorrectiveStructure – DiagonalPosition – Blue wave a of Y of (B)Direction – Blue wave b of Y of (B)WTI Crude has gained over 16% since mid-December. However, the resurgence has been corrective. Thus, the buyers need to know […]
Bitcoin Hits $69K, Coinbase Faces Outages
As Bitcoin reached an all-time high of $69,000, Coinbase, a leading U.S. cryptocurrency exchange, faced significant technical issues. Users experienced transaction errors. This prompted the exchange to reassure them about the safety of their assets and acknowledge the existing issues. A sudden surge in market activity strained Coinbase’s infrastructure. It highlighted the challenges in handling unexpected spikes […]
Is A FTSE Spring Boost Ahead Before UK Elections?
Image Source: Unsplash Over the last 25 years the month of April has been the firmest month for the FTSE 100 with an average return of over 2%.However, the seasonal period of strength often begins around the middle of March and runs into the end of April. When you look at the seasonal period of strength […]
CHF/JPY Embracing An Extended Bearish Trend As The Price Drops Below Key Support And Ranging Zone
The price of CHF/JPY will probably drop to the 162.300 support level in the coming weeks The trading signal provided should last 1-3 weeks with a potential upside of 5.6% I would recommend watching this trade while the NFP data is published on USD this Friday CHF/JPY trading strategy Buy/sell asset: SELL CHF/JPY Entry […]
US Growth Expected To Slow In Next Month’s Q1 GDP Report
Economic activity remains on a path to slow in the next month’s release of first-quarter GDP data, according to the median nowcast via a set of estimates compiled by CapitalSpectator.com.The Bureau of Economic Analysis is projected to report in late-April that output increased 2.1% (real seasonally adjusted annual rate) during the January-March period, based on […]
USD/CAD Price Analysis: Threatening To Break Below Key Trendline
Negative comments from Chairman Powell have weakened the US Dollar. USD/CAD is selling off to a key trendline and is threatening to break below it. The MACD indicator, useful in a range-bound market, is issuing a sell signal. The USD/CAD is down a tenth of a percent on Thursday in line with widespread US Dollar (USD) weakness, as traders […]
