Category Archive: Finance, No picture
Global Issues Weighing On Copper
Image Source: Pixabay Copper prices are coming under fresh selling pressure on Tuesday as the correction lower continues. The futures market is now down around 5% from last year’s highs as geopolitical concerns, economic worries in China and a stronger US Dollar take their toll. Often seen as a barometer for global economic health, the […]
The Eurozone’s Shallow Recession Is Nearing An End
The European Commission’s economic sentiment indicator significantly improved in December, although it remained at a subpar level. Less positive was the increase in price expectations across the board, suggesting that the European Central Bank is unlikely to be pushed into early easing.Image Source: Pixabay Manufacturing remains the weakest link The European Commission’s economic sentiment indicator improved to 96.4 in December […]
Options Action May Have Driven Stocks Sharply Higher
Image Source: UnsplashToday, I explore how options activity may have driven the big stock rally on January 8.Video Length: 00:13:52More By This Author:The Magical Melting VIX Saves Stocks For Now An S&P 500 Return To 3,900 May Be In The Cards For 2024 CPI Report and Treasury Auctions May Rattle The Market
FTSE Continues Its Soft Start To 2024
Image Source: DepositPhotos On Tuesday, the FTSE 100 in the UK continued its decline, sliding over 0.5% paring early gains, the reversal came in the wake of concerns regarding UK consumers and retailers. Retailers ended 2023 with a modest increase in demand in the week leading up to Christmas, but overall industry data showed a decrease […]
Activist Investor Takes $1B Stake In Tinder’s Parent Company
Image courtesy of 123rf.com Elliot Investment Management built a significant stake in Tinder’s parent company Match Group (Nasdaq: MTCH). The action represents Elliot’s wider activist effort to help Match Group improve its financial and stock performance. The company’s stock is trading at $42.90 in the premarket at the time of writing, a 13.22% gain. Elliot Management Begins Activist Campaign […]
GBP/AUD Steps In A Temporary Corrective Recovery
Image Source: Unsplash GBP/AUD turned bearish in 2023 on a daily chart, a move that can resume much lower after a break out of the channel and also because a drop from the highs can be impulsive. As such, we are looking for more weakness in 2024, possibly down to around 1.77 but after corrective pullback […]
Bitcoin Rally Continues
Image Source: Unsplash Bitcoin prices broke out to their highest levels yesterday since early 2022. The driver behind the move is ongoing optimism ahead of the upcoming SEC deadline tomorrow. The SEC is due to decide on a batch of spot-Bitcoin ETF applications which, if approved, will grant mainstream financial institutions access to the crypto markets […]
Tactics For A Golden Year
From a liquidity flow perspective, this year is off to a fabulous start for gold bugs of the world.For a detailed look at the situation:Back in 2015, I received many emails of concern from amateur precious metals investors. What was the concern?The concern was that analysts and hedge funds were betting gold would fall below […]
Sensex Today Ends 31 Points Higher; Nifty Above 21,500
Image Source: Unsplash After opening the day on a positive note, Indian share markets trimmed gains in late deals as the session progressed and ended the day higher.Indian benchmark indices rebounded sharply after a sharp fall on Monday, led by buying action in IT stocks and auto major Bajaj Auto. India VIX, volatility indicator, eased 4%.At the […]
DXY Consolidates At ~102.46 With Eyes On US CPI
This is down to a mild reassessment of all the interest rate cuts expected by markets from the Fed in 2024, starting as soon as March.Source: CME FedWatch Tool Interestingly, we are hearing from more Fed officials who are now talking more openly about modest policy easing this year. Yesterday, the New York Fed’s latest […]
