Category Archive: Finance, No picture
EUR/USD Forecast: Sees Downward Pressure In The Short Term
At the end of the day, the Euro’s attempt to rally faced resistance against the US dollar in Wednesday’s trading session. The Euro made an initial attempt to rally during Wednesday’s trading session but encountered some resistance against the US dollar. While it presents a more favorable performance compared to the previous Tuesday, the Euro […]
Cardano’s Market Value Drop: A Comprehensive Analysis
Recent Market Movements of CardanoThe digital currency Cardano has recently experienced notable market fluctuations. As of a recent report, ADA’s value fell sharply to $0.5187, marking a significant 17.04% decrease within a day, a trend not seen since May 11, 2022. This downturn reduced Cardano’s market capitalization to approximately $21.1343 billion, accounting for about 1.25% of […]
Sensex Today Trades Higher; NTPC & Tata Motors Top Gainers
Asian shares continued to fall on Thursday as global selloff continued.The Nikkei index tanked 1.1%, while Hang Seng was trading flat. Meanwhile, Shanghai index was trading 0.4% lower.US stock indices ended the second session of the year down again in extended profit-taking on Wednesday after a strong finish to 2023, with minutes from the Federal […]
Get Used To Making Less
Image Source: Unsplash Each new year brings a myriad of projections about politics, investing, life, global warming, and all things in between. I view most as “for entertainment purposes only,” trying not to take them too seriously.I pay attention to investment pundits who have walked the walk, coupled with a solid, proven track record over a […]
FX Daily: Mixed Fed Minutes Leave Dollar Momentum Intact
Image Source: UnsplashHawks and doves might both be satisfied with yesterday’s Fed minutes. Stressing conditionality seems inconsistent with March cut expectations, but the openness to a QT exit and concerns about the economy point the other way. Still, FX is driven by large swings in the equity market, and the dollar has retained momentum. Eurozone CPI prints are now […]
SPDR ETF Report For Wednesday, January 3
Image Source: PixabayIn this video, Ira Epstein reviews the day’s trading in various SPDR-ETF markets for the trading day just ended, Wednesday, January 3.Video Length: 00:19:26More By This Author:Financial Markets Report For Wednesday, January 3Metals Report For Wednesday, January 3SPDR ETF Report For Tuesday, January 2
EUR/GBP Loses Ground Above 0.8600 Ahead Of German CPI Data
Image Source: Pixabay EUR/GBP remains on the defensive near 0.8625, ahead of Eurozone mid-tier data. The German Unemployment Rate remained flat at 5.9%, as expected. Traders anticipate that the Bank of England (BoE) will cut rates as soon as May 2024. The EUR/GBP cross finds some support around the weekly low of 0.8610 and hovers around […]
Macro: Job Openings And Labor Turnover
Image Source: PixabayThe labor market is softening, but still strong. More By This Author:Macro: ISM Mfg PMI — 47.4Macro: Major Reports Holiday Week Macro – Construction Spending
Business Cycle Indicators At The Start Of 2024
Image source: PixabayNovember monthly GDP is reported by S&P Global Market Insights, up 0.2 ppts, 2.6% annualized. Here’s the picture of some key indicators followed by the NBER Business Cycle Dating Committee, plus monthly GDP and GDPNow.Figure 1: Nonfarm Payroll employment incorporating preliminary benchmark (bold dark blue), implied level using Bloomberg consensus as of 1/3 (blue +), […]
Gold Might See Larger Degree Correction
Image Source: PixabayGOLD (XAUUSD) shows a bullish sequence from the September 2022 low favoring further upside. The rally higher from 09.28.2022 is unfolding as the Elliott Wave leading diagonal. Up from 09.28.2022 low, wave ((1)) ended at 2081.82 and pullback in wave ((2)) ended at 1810.58 low. Wave ((3)) finished at 2147.53 high as the 1-hour chart below […]
