XRP Price Bulls Stay In Control: Uptrend Poised To Continue
Image by WorldSpectrum from Pixabay XRP price started a strong increase above the $2.950 zone. The price is now consolidating gains and might aim for more gains above the $3.15 zone. XRP price started a downside correction from the $3.220 zone. The price is now trading above $3.020 and the 100-hourly Simple Moving Average. There is a bullish […]
4th-Quarter Real GDP Increased 2.3 Percent, Good, Bad, And Ugly Details
GDP and GDI Data from the BEA, chart by MishToday the Advance Estimate of GDP from the BEA for the fourth quarter of 2024 is 2.3 percent at an annualized quarterly rate. The increase in real GDP in the fourth quarter primarily reflected increases in consumer spending and government spending that were partly offset by a decrease […]
Macro Briefing – Thursday, Jan. 30
The Federal Reserve left its target rate unchanged at a 4.25%-4.50% range in yesterday’s policy announcement. Following the decision, Fed funds futures are pricing in an 82% probability that the central bank will continue to leave rates unchanged at the next FOMC meeting on March 19. Meanwhile, President Trump on Wednesday said the central bank “failed to stop the problem […]
Robust Underlying Growth Despite US GDP Disappointment
US GDP expanded “only” 2.3% in the fourth quarter, but this masks consumer strength via a big run down in inventories and the Boeing strike action that depressed aircraft-related investment. These factors will unwind this quarter, but the downside risk is surging imports as US companies seek to avoid potential tariffs that could kick in […]
FTSE At Record Highs
Image Source: Pexels Britain’s main stock index reached a record peak on Thursday as investors reacted positively to a strong series of corporate reports, while remarks from U.S. Federal Reserve Chair Jerome Powell also calmed the markets. The blue-chip FTSE 100 hit an all-time high and is on track to achieve its fourth consecutive day of […]
IBM Projects A 5% Revenue Growth For 2025 Amid AI And Cloud Success
Image courtesy of 123rf.com IBM (NYSE: IBM) has reported impressive results for the fourth quarter of 2024, showcasing substantial growth in its software division. The company announced that its software revenue saw a double-digit increase, significantly contributing to the overall positive financial outcome. This growth is largely attributed to IBM’s initiatives in artificial intelligence, which have led to […]
Microsoft Earnings Breakdown
Microsoft reported adjusted EPS of $3.23 for calendar Q4 2024, which beat street expectations of $3.15. Microsoft has now beaten earnings expectations for the last 8 straight quarters. Earnings results came in 2.5% above street expectations, which was below the 8 quarter average of 5.9%. While the growth rate remained consistent at 10%, which was […]
Stocks Mixed After Earnings, Weak GDP Data
Stocks are struggling for direction amid a mixed batch of earnings results. Several megacap tech companies reported quarterly results, while investors assess a fourth-quarter gross domestic product (GDP) reading that missed expectations. At last check, the Dow Jones Industrial Average (DJI) was modestly higher, the S&P 500 Index (SPX) was flat, and the Nasdaq Composite (IXIC) was […]
DAX Is Extending Its Bullish Cycle
Image Source: Pexels DAX is rising strongly higher on a daily chart, which looks like an extended wave 5 of III with space for more gains towards the upper side of an EW channel up to 22k-23k area, as we see an unfinished lower degree five-wave impulse. DAX Daily Chart In the 4-hour chart, we are […]
Elliott Wave Technical Forecast: WiseTech Global Limited – Thursday, Jan. 30
ASX: WiseTech Global Limited (WTC) Elliott Wave Technical AnalysisGreetings!Our Elliott Wave analysis today focuses on WiseTech Global Limited (ASX: WTC). We observe upside potential in ASX: WTC shares after identifying a recently completed Triangle corrective wave pattern at Wave 4, suggesting a potential Wave 5 move higher.ASX: WiseTech Global Limited (WTC) 1D Chart (Semilog Scale) Analysis Function: Major Trend (Minor Degree, Grey) Mode: Motive Structure: Impulse Position: Wave 5 (Grey) of […]
