Category Archive: Finance, No picture
Asia Morning Bites For Wednesday, January 10
Image Source: UnsplashGlobal Macro and Markets Global markets: It was a very quiet day in global markets on Tuesday. US Treasury yields lost one or two basis points across the curve, leaving the 10Y yield still just above 4% at 4.013%, though the 4% level doesn’t seem like particularly rigid resistance. EURUSD drifted lower to 1.0932, and […]
Commodities Trade Analysis: Aluminum
On January 17, Alcoa Aluminum (AA) will report earnings.As a main aluminum producer, Alcoa announced cost-cutting measures along with plans to curtail production at one Western Australian Refinery.But that is just one facility, and the company plans to continue to operate its port facilities located alongside the refinery. Plus, it will continue to import raw materials […]
Commodities Trading Report And Trading Strategies For Wednesday, January 10
Image Source: UnsplashCommodities Market Summary: Understanding the wave count for the USD DXY is an important point, if you understand this count it will set you up for trades in many other markets, this setup will take about a week. Bitcoin has the SEC announcement today.Analyst Peter Mathers TradingLounge™ Australian Financial Services Licence – AFSL 317817 […]
The Unemployment Rate And Consumption: Weak, But Not Recessionary
Image Source: PixabayYesterday I looked at some employment metrics from Friday’s jobs report. Today let’s look at un- (and under-)employment.Every Thursday I repeat the mantra that jobless claims lead the unemployment rate. Here are both the U3 (blue) and U6 (red) rates from Friday’s report, compared YoY:The unemployment rate is higher by 0.2% YoY; the underemployment […]
Lifetime Chart Of Nvidia
Image Source: PixabayThis is the lifetime chart of Nvidia (NVDA), the darling of worldwide equities. I’d like to quietly point out a little something.Please take note of the upper trendline. It has tagged it only a few times over the course of decades. One of those times is right about now (or very close to it, […]
2023 Commodities Report: Winners And Losers In The Global Market
The U.S. is adding new renewable energy capacity at a record clip, but that doesn’t mean it’s ready to quit fossil fuels just yet. The country just became the world’s biggest exporter of liquefied natural gas (LNG) for the first time ever, with last year’s shipments hitting an unprecedented 91.2 million metric tons, exceeding top suppliers Australia […]
The SEC Will Rule On Bitcoin ETFs Tomorrow, What Should We Expect?
Bloomberg reports The Crypto Industry Holds Its Breath in Anticipation of the First Spot Bitcoin ETFs Excitement about the ETFs drove the price of bitcoin above $45,000 in recent days, its highest level in nearly two years. The token more than doubled last year in a rally that was turbocharged in June when BlackRock—the world’s largest […]
Cloud Stocks: AppLovin Continues To Deliver With AI
Photo Credit: Gerd Altmann / Pixabay App monetization capabilities provider AppLovin (Nasdaq: APP) reported its quarterly results recently that surpassed market expectations. During the year, the company’s stock went up by 258%. And, the growth story appears to be continuing. AppLovin’s Financials AppLovin’s third-quarter revenues grew 21% to $864 million, surging ahead of the market’s estimates of $796 […]
MicroMarvel – GigaCloud Technologies
MicroMarvel is a series of articles highlighting undercovered stock with less than a billion dollars in Market Capitalization. These articles are not intended to be buy recommendations. They highlight stocks that may have limited trading volume and may be highly volatile so if you do decide to add them to your portfolio I highly recommend […]
Market Talk – Tuesday, Jan. 9
ASIA:China’s central bank is signaling a commitment to maintaining loose monetary policy by reducing the required reserves for banks. Zou Lan, head of the People’s Bank of China’s monetary policy department, stated in an interview that the central bank will use various tools, including adjusting reserve requirements, to provide strong support for reasonable credit growth. […]
