Manufacturing Resurgence
Image Source: Pexels Inventory build is pointing to resurgence of the manufacturing sector.Video Length: 00:13:39More By This Author:Rising Dollar Blows BubblesShiller PE Signals DangerEconomics Not Politics Driving Markets
Dow Eyeing Third Straight Triple-Digit Pop
The Dow Jones Industrial Average (DJI) is poised for its third straight triple-digit pop, last seen up 230 points. The S&P 500 Index (SPX) has swung above breakeven and is now eyeing a perfect week, while the Nasdaq is in the red at last check but has traded on both sides of the aisle already […]
Unlocking ASX Trading Success: Wesfarmers Limited
ASX: WESFARMERS LIMITED – WES Elliott Elliott Wave Technical Analysis TradingLoungeGreetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with WESFARMERS LIMITED – WES . We see ASX:WES possibly pushing higher with a ((iii))-navy wave.ASX: WESFARMERS LIMITED – WES 1D Chart (Semilog Scale) AnalysisFunction: Major trend (Minute degree, navy)Mode: MotiveStructure: ImpulsePosition: Wave 5-grey […]
Cincinnati Financial Corp. (CINF) Dividend Stock Analysis
Image Source: Pixabay Linked here is a detailed quantitative analysis of Cincinnati Financial Corp. (CINF). Below are some highlights from the above linked analysis:Company Description: Cincinnati Financial Corp. is an insurance holding company that primarily markets property and casualty coverage. It also conducts life insurance and asset management operations.Fair Value: In calculating fair value, I consider the NPV MMA Differential […]
US Continuing Jobless Claims Rise To 3-Year High. Time To Worry?
The ongoing rise in continuing claims looks worrisome, but initial claims are telling a considerably more upbeat story. Which one’s the better measure? The positive spin via initial claims is probably the superior metric for assessing the near-term outlook for payrolls and, by extension, the economy. But let’s dig into this view for some perspective before signing off on […]
Sensex Today Rallies 1,961 Points; Nifty Above 23,900
After opening the day higher, Indian benchmark indices remained positive as the session progressed and ended the day on firm footing.Domestic benchmark indices Sensex and Nifty edged higher on Friday (22 November) led by index heavyweights. The BSE Sensex zoomed 2,062 points or 2.6% and recorded an intraday high at 79,218.19. While the NSE Nifty […]
German Economy Avoids Summer Recession, But A Winter Recession Is Looming
Image source: Pixabay The German economy grew by a meager 0.1% quarter-on-quarter in the third quarter, just avoiding an official technical recession. However, the latest developments suggest that a winter recession is still looming.The positive surprise just got less positive. The second estimate of German GDP growth in the third quarter showed that the economy only […]
USD/CHF Price Forecast: Resumes Uptrend After Pullback
USD/CHF is resuming its dominant uptrend after a short correction. The short and medium-term trends are bullish indicating odds favor a continuation higher. USD/CHF is striking higher again after a brief pullback from overbought levels. It is surging on Friday as it thrusts up towards the next key targets at 0.9000 – a whole-number psychological […]
Hungarian Wage Growth Moderates But Remains Strong
Image Source: Pexels Average wage growth in Hungary decelerated in September, mainly due to a slowdown in the corporate and non-profit sectors. However, the strong momentum hasn’t yet been reflected in economic output.According to the latest data from the Hungarian Central Statistical Office (HSCO), average gross wages grew by 12.5% year-on-year in September 2024 after a slight […]
Natural Gas Commodity Elliott Wave Technical Analysis – Friday, November 22
Natural Gas Elliott Wave AnalysisNatural Gas broke upside this week and took the previous high of 11th June. The commodity has gained over 120% since the low of February 2024 and has so far recovered close to half of the massive sell-off that happened between August 2022 and February 2024.Daily Chart AnalysisOn the daily chart, the recovery […]
