Charles Schwab Hits 52-Week High Amid Substantial Growth In Sweep Cash
Image courtesy of 123rf.com Charles Schwab (NYSE: SCHW) has reported its monthly activity highlights, showcasing a robust performance in terms of new client assets and overall asset growth.As of the end of October 2024, the financial services giant has seen a significant influx of core net new assets, totaling $24.6 billion, with net new assets excluding mutual […]
Gold Found A Top; Higher Degree Correction In Play
Image Source: Pixabay We talked about bullish gold back on October 11, but we mentioned and highlighted final wave 5 of a lower degree impulse that can stop in the 2700 – 2800 area. XAUUSD (Gold) 4H Chart From October 11 2024Later on November 4th, when gold was already in wave (5), we warned about a potential pullback, […]
FTSE Finds A Bid On 8K Test
Image Source: Pexels UK stocks rose slightly on Thursday, with luxury brand Burberry leading gains in the mid-cap index after announcing a turnaround plan, while declines in mining stocks limited overall gains.Single Stock Stories: Burberry’s shares rise 6.8%, leading the FTSE mid caps index. The British luxury retailer initiates a £40 million annual cost-savings programme. The […]
10-Year US Treasury Yield ‘Fair Value’ Estimate – Thursday, Nov. 14
The market premium for the US 10-year Treasury yield rose in October relative to a “fair value” estimate calculated by CapitalSpectator.com. The increase marks the first time since April that the premium increased.The current market premium over the average fair value via the average of three models rose to 65 basis points, the highest since July. It’s […]
ECB Minutes Show Controversial Debate On Real Disinflationary Trend
Image Source: Pexels The just-released minutes of the European Central Bank’s October meeting show that even before the US election, growth concerns had clearly taken over, but not all ECB members were convinced that the disinflationary trend was here to stay.Remember that while the rate cut decision in October made sense, it deviated from the usual emphasis […]
Sensex Today Ends Marginally Lower; Nifty Holds 23,500
After opening the day on a positive note, Indian share markets slipped into the red as the session progressed and ended marginally lower.Benchmark indices opened in green, supported by gains in index heavyweights like HDFC Bank, Reliance, and IT stocks.The positive US inflation data also fuelled expectations of a Federal Reserve rate cut in December.However, FMCG stocks […]
PPI Unexpectedly Prints Hotter Than Expected Across The Board
After yesterday’s in line – but really cooler than whispered – CPI which restored hope in a December rate cut, all eyes are on this morning’s PPI print to boost dovish hopes that the Fed’s easing cycle would remain on track. It was not meant to be, however, as the PPI came in hotter than […]
Asian Stock: Sumber Alfaria Trijaya
TM Editors’ note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence.Company: PT Sumber Alfaria Trijaya TbkBloomberg ticker: AMRT IJMarket cap: US$8,480mBackground: PT Sumber Alfaria Trijaya Tbk runs the convenience store chain Alfamart in Indonesia, primarily through franchised stores. It has more than 17,000 stores in Indonesia and serves […]
USD/CHF Price Prediction: Breaks Above 200-Day SMA And Continues Higher
USD/CHF extends its established bull trend higher. The RSI momentum indicator is flashing overbought suggesting increased risk of a pullback. USD/CHF breaks above the 200-day Simple Moving Average (SMA) and extends its short and medium-term uptrend. USD/CHF Daily Chart Given the technical analysis theory that “the trend is your friend” the odds favor more upside. However, the Relative Strength […]
Jobless Claims Complete Their Reversion To Pre-Hurricane-Disruptions Trend
Initial claims have now completely reverted to trend after their recent hurricane-induced blip.Initial claims rose 3,000 for the week to 217,000, while the four week moving average decreased -5,750 to 221,000. With the typical one week delay, continuing claims declined -11,000 to 1.873 million:On the more important YoY basis, initial claims were down -4.8% YoY, […]
