Category Archive: Finance, No picture
Stocks And Precious Metals Charts – A Deadly Combination
Image Source: UnsplashStocks were enjoying a rich fantasy life today, rallying higher without a care.The Fed will soon be cutting rates, a lot. But there will not be a recession. The Fed will engineer a soft landing, thread the needle, and make everything better, don’t you know?Gold and silver fell back some, as did the Dollar.VIX fell.Everything is […]
The Corporate Profit Profit Squeeze
The past few years were — we were told — an emergency in which all had to sacrifice for the greater good.So how did corporate profits rise by $1 trillion during that same time?Charles Hugh Smith, whose excellent substack recently launched, just posted an explanation for this seemingly impossible (or at least counterintuitive) event. I’m just going […]
Emerging Picture: Federal Reserve On The Path To Normalisation
Image Source: DepositPhotosStocks are displaying signs of recovery after a challenging start to the year.The S&P 500 and Nasdaq Composite are notably in positive territory, with investors springing to life, driven by the resurgence of large technology stocks. The 10-year yields spent most of the day trading below 4%, contributing to the positive sentiment.While the […]
Litecoin Outshines Bitcoin And Ethereum In This Key Metric
Litecoin (LTC) emerged as the most utilized digital coin for payments, outshining Bitcoin and Ethereum for the second successive month. BitPay, the world’s leading crypto payment processor, revealed that traders preferred LTC to complete digital payments as BTC and ETH maintained high transaction fees in 2023. Source – BitPayBitPay users favored LTC by 38.25% in December, outshining Bitcoin and Ethereum’s […]
AUD/USD Forex Signal: Forecast After The Strong NFPs Data
The AUD/USD exchange rate bounced back after the latest US Non-Farm Payrolls data. Bearish view Sell the AUD/USD pair and set a take-profit at 0.6645. Add a stop-loss at 0.6800. Timeline: 1-2 days. Bearish view Set a buy-stop at 0.6725 and a take-profit at 0.6810. Add a stop-loss at 0.6650. The AUD/USD exchange rate crawled back […]
Ethereum Forecast: Finds Buyers On The Dip Yet Again
The movements in the Bitcoin market warrant close attention, as Bitcoin often sets the tone for the broader cryptocurrency landscape, Ethereum included. On Friday, Ethereum’s market experienced an initial dip, reflecting the ongoing volatility pervasive across the cryptocurrency landscape. Despite this turbulence, the 20-Day Exponential Moving Average has played a pivotal role in providing the […]
GBP/USD Outlook: Investors Eye US Inflation For Policy Guidance
Monday witnessed a bearish GBP/USD outlook, influenced by a stronger dollar, as investors breathed for additional insights into the Fed’s policy stance through the US inflation report. This crucial report keeps investors from risk assets, supporting the dollar. Moreover, investors are still absorbing data released Friday in the US and the UK.Business data suggested Britain’s economy […]
EUR/JPY Price Analysis: Extends Losses To Two Days, Diving Below 158.00
The EUR/JPY begins the week on a lower note, posting losses of 0.17% on Monday amid a risk-on impulse. The cross-currency pair’s upward move was quickly rejected at a multi-month support trendline turned resistance, opening the door for a pullback. Therefore, the pair is trading at 157.92 as Tuesday’s Asian session begins, almost flat.The cross-pair […]
The Fed Will Bank On Biden In 2024
The Federal Reserve will play a pivotal role in the upcoming election and aim to boost President Biden or another Democratic candidate.Peter states: I think that the Fed is going to be doing everything it can to try to reelect Biden, or whoever may run if Biden does not. I think it’s clear that that’s […]
Chart Of The Day: Innoviva – Individual Investor Favorite
The Chart of the Day belongs to the biopharma company Innoviva (INVA). I found the stock by using Barchart’s powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum and having a Trend Seeker buy signal then used the Flipchart feature to review the charts for consistent price appreciation. Since […]
