WTI Lacks Firm Intraday Direction, Oscillates In A Range Below $68.00
Image Source: Pixabay WTI consolidates its recent losses to a two-week low amid mixed cues. Easing supply disruption worries and a stronger USD act as a headwind. Traders seem reluctant ahead of OPEC+ meeting on Thursday and US data. West Texas Intermediate (WTI) US Crude Oil prices struggle to gain any meaningful traction on Tuesday and […]
Tap Into Crypto Exposure With These 2 Stocks: HOOD, COIN
Image Source: PexelsA recent move higher in crypto has caught many eyes, with investors clamoring for exposure following the bullish move. The U.S. election helped light the fire in a big way, with President-elect Donald Trump’s favorable stance on digital assets paving the favorable outlook. It’s no secret that crypto is a volatile asset class, spooking […]
The Yen Is Screaming Risk-Off And The Stock Market Isn’t Pay Attention
Image Source: PexelsMarkets were up on the broader index but mixed overall, with 319 names lower in the S&P 500 and 180 higher. The day was uneventful from an equity market standpoint, but we saw big moves in FX, with the EURUSD standing out. The French called for a no-confidence vote for their newly appointed Prime […]
Economic Metrics Solid, Zscaler Sells Off After Q1 Report
Image Source: PixabayBoth the S&P 500 and the Nasdaq indexes have closed Monday’s trading session at new market highs. The S&P opened the day slightly up and kept steady: +14 points to 6047. The Nasdaq, which outperformed the other major indexes on the day for its best trading session in nearly as month, grew +185 points […]
Ruble Devaluation Giveth And Devaluation Taketh Away
Image Source: PexelsConsider the ruble/yuan exchange rate.Figure 1: Rubles per yuan, calculated using dollar rates (blue, log scale). Up is a depreciation of the ruble. Source: Pacific Exchange Services accessed 12/1/2024, and author’s calculations.The recovery in the ruble’s value after 11/27 was due to Central Bank of Russia intervention in the forex market.While a devaluation makes the price of […]
One Gap Deserves Another
Image Source: PixabayWeeks ago, when Super Micro (SMCI) was in a free-fall, I did a bullish post about it, noting that it was approaching a major price gap. Let’s just say that turned out to be an amazing idea.Now it’s time for just the opposite idea, but still based on a gap. I have bought into a small bearish position on this sucker now, using the […]
Financial Markets Report For Monday, Dec 2
Image Source: PixabayIn this video, Ira Epstein reviews the activity in the Financial Markets after the day that just ended, Monday, December 2.Video Length: 00:08:26More By This Author:Metal Markets Report For Wednesday, Nov 27Financial Markets Report For Wednesday, Nov 27Metal Markets Report For Tuesday, Nov 26
EUR/USD Backslides Into 1.05 As Euro Bids Remain Elusive
Image Source: Pixabay EUR/USD lost ground again on Monday, skidding back into 1.05. Fiber failed to recapture the 1.0600 handle as near-term bounce fizzles. Plenty of ECB speeches dot the landscape, US NFP jobs numbers loom on Friday. EUR/USD kicked off another trading week with a decline back into familiar near-term lows, flubbing a fresh run […]
USD/CAD Flat Lines Near 1.4050 Amid Firmer US Dollar, Upbeat US Data
Photo by Michelle Spollen on Unsplash USD/CAD holds steady around 1.4045 in Tuesday’s early Asian session. US ISM Manufacturing PMI rose to 48.4 in November vs. 46.5 prior. Canadian Manufacturing PMI climbed to a 21-month high in November. The USD/CAD pair trades flat near 1.4045 during the early Asian session on Tuesday. However, Trump’s threats of further tariffs and renewed US Dollar […]
Gold Drops On Strong US Dollar Boosted By ISM Improvement
Image Source: Pixabay Gold price drops, pressured by Trump’s tariff threats against BRICS nations, rising US bond yields. US ISM Manufacturing PMI hits a six-month high, contributing to a stronger Dollar, limiting Gold’s gains. Mixed signals from Fed officials on rate cuts keep markets cautious; December FOMC meeting closely watched. Gold prices slump as the last […]
