Permabull? Hardly
I never thought someone would label me a “Permabull.” This is particularly true of the numerous articles I wrote over the years about the risks of excess valuations, monetary interventions, and artificially suppressed interest rates. However, here we are. “Lance, you are just another permabull talking your book. When this market crashes you will still be telling […]
GBP/USD Forex Signal: Bearish Flag Chart Pattern Forms
Bearish View Sell the GBP/USD pair and set a take-profit at 1.2490. Add a stop-loss at 1.2725. Timeline: 1-2 days. Bullish View Set a buy-stop at 1.2685 and a take-profit at 1.2725. Add a stop-loss at 1.2500. The GBP/USD pair rose slightly as traders prepared for the last busy week for the UK and the […]
US Dollar Index Rebounds To Near 107.00 As US Retail Sales Data Loom
Image Source: Pixabay The US Dollar trades with mild gains to near 106.90 in Tuesday’s early European session. The Fed is expected to lower interest rates by 25 bps on Wednesday at the end of its two-day meeting. The US Retail Sales data for November will be released later on Tuesday. The US Dollar Index (DXY) posts modest gains to around […]
Oil Prices Struggle To Hold Gains Amid Faltering China Demand
Image Source: Pixabay Oil prices fell on Tuesday as data showed economic and oil refining activity in China declined in November. Domestic demand in China has also been lower for crude oil, painting a bleak picture. The markets expect the US Fed to cut interest rates by 25 basis points at its December meeting. Oil prices […]
Novo Nordisk Short
Image Source: PixabayMy March $115 puts on NVO are still in the green, although less so with Friday’s bounce. My faith in that well-formed H&S top is unshaken, however, so I am planning to hold on tight until the dashed green horizontal, my target.Now that it affects my thinking, here is some fundamental data on their […]
Trump Proposes Killing The $7,500 EV Credit And Seeks Tariffs On Battery Materials
Image Source: Pexels Trump to Roll Back Biden’s EV and Emissions PoliciesReuters reports Trump Transition Team to Roll Back Biden EV, Emissions Policies Incoming U.S. President Donald Trump’s transition team is recommending sweeping changes to cut off support for electric vehicles and charging stations and to strengthen measures blocking cars, components and battery materials from China, according […]
Metal Markets Report For Monday, Dec 16
Image Source: PixabayIn this video, Ira Epstein reviews the day’s trading in the gold and other relevant metal markets.Video Length: 00:08:27More By This Author:Metal Markets Report For Thursday, Dec 12Financial Markets Report For Thursday, Dec 12Metal Markets Report For Wednesday, Dec 11
Current Report: Adecoagro
Image Source: PixabayTM Editors’ note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence.Adecoagro SA (AGRO) is a Luxembourg-based agricultural company. It is involved in a wide range of businesses, including farming crops and other agricultural products, dairy operations sugar, ethanol, energy production, and land transformation.The […]
The Stocks Markets Window May Be Closing
Image Source: PixabayThe S&P 500 finished the day about 38 basis points higher. It had been up earlier, reaching a peak of around 55 basis points. The index climbed to approximately 6,085, filling the gap from the December 12th opening. That level acted as resistance for most of the afternoon.However, market breadth was weak, with more […]
WTI Holds Steady Near $70.00 As Traders Brace For Fed Rate Decision
Image Source: Pixabay WTI price trades on a flat note around $70.20 in Tuesday’s early Asian session. Weak Chinese spending data might weigh on the WTI price. Geopolitical risks could cap its downside despite bearish market pressure. West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $70.20 on Tuesday. The WTI price trades […]
