Residential Construction Jobs At Risk
The number of residential construction workers has almost doubled since the aftermath of the financial crisis and housing bust. The graph below on the left shows that after a brief hiccup during the early days of the pandemic, the number of jobs in residential construction continued to rise despite higher interest rates. Moreover, the job […]
Pound Sterling Price News And Forecast: GBP Moves Higher In Us Presidential Election Day
The Pound Sterling (GBP) gains slightly to near 1.2980 against the US Dollar (USD) in Tuesday’s London session. The GBP/USD pair rises ahead of the United States (US) presidential election, which will start in the North American session. The US Dollar Index (DXY), which gauges Greenback’s value against six major currencies, falls slightly to near 103.80.The Greenback went through a significant unwinding […]
Elliott Wave Technical Analysis: U.S. Dollar/Canadian Dollar – Tuesday, Nov. 5
USDCAD Elliott Wave Analysis – Trading Lounge U.S. Dollar / Canadian Dollar (USDCAD) – Day Chart AnalysisUSDCAD Elliott Wave Technical Analysis Function: Counter Trend Mode: Corrective Structure: Navy blue wave 2 Position: Gray wave 1 Next Higher Degree Direction: Navy blue wave 3 Details: Navy blue wave 1 appears to have completed, and now navy blue wave 2 is currently active. Wave […]
The Brookings Institute Wonders Why Consumer Sentiment Is So Bad, I Can Help
This is easy to explain with charts and ideas. An Imagined ParadoxThe Brookings Institute measured the macro conditions and wonders why sentiment is so poor.Please consider The Paradox Between the Macroeconomy and Household Sentiment Despite recent concerns over a slowdown, the U.S. economy is performing well according to most objective metrics. The top-line unemployment rate was […]
GBP/USD Analysis: Bigger Gains Expected
At the start of trading this week, the GBP/USD exchange rate rose to 1.2998 before settling around 1.2950 at the time of writing this analysis. This comes as financial markets react to the increased probability of Kamala Harris winning the presidential election today, Tuesday. The odds of Trump winning in the overall betting market are […]
Trump Vs. Harris: How US Election Results Could Impact Global Markets
Markets predict return of President Trump via “Trump trades” National polls: Harris vs. Trump race one of the closest in modern history Harris win could offer relief for EUR, CNH, MXN, China and European stock indexes, green energy US stocks Trump win could boost USD, Bitcoin, RUS2000, US stocks in oil, banking, and cryptos Split […]
Crude Oil Sets Forth Winning Streak With Aramco Earnings Sign On The Wall For OPEC+ To Step Up Efforts
Crude Oil price goes higher on Tuesday for a second consecutive day, further banking on the delay in Oil production normalization by OPEC+. Lower supply could also be on the cards due to chances of disruption in the US Gulf region as tropical storm Rafael is making its way to the oil rigs and could […]
What’s Driving Gold? Central Banks And Hedging Are Key Factors
Prior to the last several years, modeling the gold market was relatively straightforward. But a lot has changed in recent history, and so has the mix of factors that are front and center in gold’s price trend.In past decades a simple two-factor model was relatively robust for estimating gold’s “fair value.” The first factor: the […]
Elliott Wave Technical Analysis – KOSPI Composite Index
KOSPI Composite Elliott Wave Analysis – Day ChartKOSPI Composite Elliott Wave Technical Analysis Trend: Bullish Mode: Impulsive Current Structure: Gray wave 3 Position: Orange wave 3 Next Higher Degree: Gray wave 3 (initiated) Wave Cancel Invalid Level: 2381.93 Analysis OverviewThe daily Elliott Wave analysis for the KOSPI Composite indicates a bullish trend in an impulsive mode, specifically within gray wave 3. This […]
3 Large-Cap Stocks To Buy As Earnings Approach: MELI, TM, QCOM
Image Source: PexelsOutside of Nvidia (NVDA – Free Report), all of the Magnificant-7-themed big tech stocks have already released their results for the Q3 period but this week’s earnings lineup features several intriguing large-cap stocks from a variety of sectors.As leaders in their respective industries, here are three of these top large-cap stocks to buy with their quarterly […]
