Category Archive: Finance, No picture
CHF/JPY Potential Sell Opportunity As The Market Structure Turns Bearish
Image Source: Unsplash The price is likely to drop to the 164.00 support level in the coming days The trading signal provided should last 1-2 weeks with a potential upside of 2.24% I would recommend watching this trade will the NFP data is published on the US dollar on Friday CHF/JPY trading strategy Buy/sell […]
2024 Begins On Defense – Buy Weakness – Enough Said
Image Source: Pixabay Welcome to 2024! I hope you had a great long weekend. Mine was full of football, family, and friends along with some yard work, the UCONN game, and some office time. For the bourbon aficionados out there, I won an auction of various labels from the Buffalo Trace family that included three bottles […]
Firm Start For The Greenback
Image Source: Pixabay Overview: The US dollar begins the new year on a firm note. It is recovering against nearly all the G10 and emerging market currencies today after depreciating in the holiday-thin markets over the past couple of weeks. Japanese markets are on holiday until Thursday. The yen and Swiss franc are the poorest performers among […]
Introducing 2024
2024 is not picking up where 2023 left off as futures are sharply lower with the Nasdaq indicated to open the year down over 1% and the S&P 500 down 0.8%. Things weren’t as bad overnight, but the sellers appeared to step in just after Europe opened for trading. While an earthquake in Japan over the weekend […]
Why Biden’s Approval Rating Is Miserable In One Economic Chart
Income is rising and so are wages. Even real income is up. But real wages are another matter.Personal income data from the BEA, hourly wages from the BLS, real hourly earnings and chart by Mish. Personal Income vs Hourly Wages Notes DPI means Disposable Personal Income. Disposable means after taxes. Real DPI means inflation adjusted […]
Stocks: The Bull Market Picture Becomes More Blurry
Stocks are poised to open lower, but the question remains: is the uptrend really coming to an end?On Friday, the S&P 500 index retreated from its Thursday’s local high of 4,793.30. However, by the end of the day, it rebounded from the daily low of around 4,752 and closed just 0.28% lower. The broad stock […]
ETH Forecast: Builds Upward Pressure Momentum and Consolidation
At the end of the day, Ethereum’s recent price movements reflect a pattern of buyers stepping in during dips, signaling a quest for value opportunities. Ethereum’s recent trading sessions have exhibited some fluctuations, but it appears that buyers are stepping in during brief dips. This pattern suggests that market participants are actively seeking value opportunities. […]
Bond Shorts Betting On Higher Yields Probably Right Tactically But Not Strategically
Something is afoot in the bond land – in how bond shorts are viewing things. They have used the sharp decline in the 10-year T-yield post-December 13th FOMC meeting to aggressively go short these notes, betting on higher rates. They are probably right tactically but not strategically; in the latter, they make a killing as inflation […]
Asia’s Growth Outlook Outperformed The Eurozone
Image source: Pixabay At Friday’s stock market close, the Dow Jones (US30) index decreased by 0.06% (for the week +0.91%, for the year +13.74%), while the S&P500 (US500) index was down 0.28% (for the week +0.33%, for the year +24.73%) on Friday. The Nasdaq Technology Index (US100) closed negative by 0.56% on Friday (for the week +0.03%, for the year +44.52%).Hawkish comments from former US Treasury Secretary L. Summers on […]
Seeking Clues To Constellation Brands Q3 Earnings? A Peek Into Wall Street Projections For Key Metrics
Image Source: Unsplash The upcoming report from Constellation Brands (STZ – Free Report) is expected to reveal quarterly earnings of $3.04 per share, indicating an increase of 7.4% compared to the year-ago period. Analysts forecast revenues of $2.55 billion, representing an increase of 4.7% year over year.The consensus EPS estimate for the quarter has undergone an upward revision […]
