UK Salary Growth Puts BoE Rate Cut Plans In Question
A report coming from the UK’s Office for National Statistics (ONS) showed that average salaries, both including and excluding bonuses, rose by 5.2% per year in the three months to October. Analysts at ONS noted that “after slowing steadily for over a year, growth in pay excluding bonuses increased slightly in the latest period, driven by […]
GBP/USD Rebounds On Stronger UK Data As Attention Turns To FOMC
Photo by Colin Watts on Unsplash The pound has been among the strongest currencies in the G10 space so far this week, owing to strength in UK data and diminishing hopes that the Bank of England will deliver a rate cut at this week’s policy meeting. While the European Central Bank and Swiss National Bank both cut interest […]
GBP/USD Price Analysis: Upbeat Jobs Data Boosts Sterling
The GBP/USD price analysis paints a bright future for the pound as UK labor market data shows resilience in the face of high interest rates. Meanwhile, market participants remained cautious ahead of policy meetings in the UK and the US this week.Data on Tuesday revealed that British pay growth grew more than forecast in the […]
Signs Of 2024 SPY Topping Out
S&P 500 shook off weak Empire State manufacturing, and correctly focused on surging services PMI instead of marginally down manufacturing PMI. But then, the bond market and the dollar made a correct move that I hinted at in the weekend precious metals video while breadth and concentration question marks over SP& 500 remained – nevermind, the setup was good […]
Bull Of The Day: Dave Inc DAVE is Crushing Earnings Estimates DAVE Stock Primed to Breakout Again Should Investors Buy Shares In DAVE?
DAVE INC (DAVE) is a rising player in the FinTech and mobile banking space, making a name for itself by catering to underserved banking customers. Seed investor and Mark Cuban praised the company for excluding overdraft fees, recalling how they crushed him in his twenties.The standout feature of DAVE INC’s platform is its cash advance service, […]
Euro Slips, Pound Outperforms
Image source: Pixabay As we come into the North American open, the US Dollar remains in the driver’s seat and is up pretty much across the board. The Dollar demand has also found company in US equity futures pointing to a lower open.Video Length: 00:01:05More By This Author:A Tale Of Two Economies Euro And Pound Get […]
Gold Analysis: Continued Upward Trend Possible
Gold prices started the week relatively stable, trading between $2,644 and $2,664 per ounce. Today (Tuesday), the price is expected to open around $2,651 per ounce on. According to gold trading platforms, the gold price index remains relatively firm due to expectations that the US Federal Reserve may pause further interest rate cuts in 2025 […]
European Equities Swing As Cautious Central Bank Signals, Political Uncertainty, And Mixed PMI Data Shape Market Outlook
From our perspective, European equity markets are oscillating between cautious optimism and underlying structural concerns. The STOXX 50’s modest rebound, contrasted with the STOXX 600’s lingering weakness, reflects a market heavily influenced by shifting monetary policy expectations and mixed economic signals. Investors are attuned to the upcoming Federal Reserve and Bank of England decisions, where […]
Elliott Wave Technical Analysis: Netflix Inc. – Tuesday, Dec. 17
NFLX Elliott Wave Analysis Trading LoungeNetflix Inc., (NFLX) Daily ChartNFLX Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: MotivePOSITION: Wave 3 of (5).DIRECTION: Upside within wave (5).DETAILS: Looking for upside into wave (5) towards Trading Level 1 at 1000$. We seem to be missing another larger pullback in wave 4 before resuming higher into ave 5 of (5).Netflix Inc., (NFLX) […]
So, What Country Wants To Be Like Germany Now?
Image Source: Pexels The collapse of Germany shocks many. But I have been discussing why this was inevitable for over a decade.Germany Is Unraveling Just When Europe Needs It MostBloomberg reports Germany Is Unraveling Just When Europe Needs It Most Germany is reaching a point of no return. Business leaders know it, the people in the country […]
