Kiwi Is Nearing Strong Support; Bullish Reversal In 2025?
Photo by Thomas Coker on Unsplash The Kiwi with ticker NZD/USD basically could not find the real direction for the last two years, but it looks like a corrective bullish pattern. Actually, we still believe the Kiwi can see bullish reversal in 2025, after current deeper A-B-C corrective drop is finished, which is now in late stages on […]
Dow On Track For Longest Losing Streak Since 1970’s
The Dow Jones Industrial Average (DJI) is down 210 points midday, headed for its ninth-straight daily loss. This would mark the blue-chip index’s worst daily losing streak since since 1978, according to Dow Jones Market Data. The S&P 500 Index (SPX) and Nasdaq Composite Index (IXIC) are firmly lower as well, as investors digest this morning’s retail sales […]
Unlocking ASX Trading Success – Brambles Limited
BRAMBLES LIMITED – BXB Elliott Wave Technical Analysis TradingLoungeGreetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with BRAMBLES LIMITED – BXB. We see ASX:BXB could be about to push higher with a ((3))-navy wave.BRAMBLES LIMITED – BXB 1D Chart (Semilog Scale) AnalysisFunction: Major trend (Minuette degree, orange)Mode: MotiveStructure: ImpulsePosition: Wave ((2))-navy of Wave v-greyDetails: […]
Asian Stock: MBM Resources
Company: MBM Resources BerhadBloomberg ticker: MBM MKMarket cap: US$505mBackground: MBM Resources Berhad is a Malaysian holding company engaged in the trading of five motor vehicle brands, assembly and manufacturing of commercial and passenger vehicles, and automotive parts manufacturing. The company sells cars and trucks from Perodua, Volvo, Volkswagen, Hino, and Daihatsu. World Class Benchmarking of MBM Resources Profitable Growth […]
Sensex Today Tanks 1,064 Points; Nifty Ends Below 23,350
After starting the day on a negative note, the benchmarks dragged further as the session progressed and ended the day on a weak note.Benchmark equity indices BSE Sensex and NSE Nifty 50 witnessed a sharp correction, selling down by over 1 percent each, weighed by selling across the counters.At the closing bell, the BSE Sensex stood lower […]
US Q4 GDP Nowcast
Several updated nowcasts for US economic activity in the fourth quarter have been revised sharply higher recently, but the median estimate barely changed, based on the several data points from a range of sources compiled by CapitalSpectator.com. The US economy still, as a result, still looks set to slow in the final quarter of the […]
Real Retail Sales On The Cusp Of Breaking Out Of Their Multi-Year Doldrums
Consumption leads employment, and as I reiterated yesterday real per capita retail sales has a history as a long leading indicator.Which means that retail sales for November, which rose 0.7% nominally, continues its recent strong string of positives, increasingly looking like it is finally breaking out of its 2 year plus doldrums.Since consumer prices rose […]
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 […]
