Image Source: Pixabay  The oil market traded under pressure in the early trading session today on the back of weaker-than-expected industrial production data and slower refining activity in China. A stronger USD amid a hawkish tone from the Federal Reserve added further

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Gold rallied on Friday, ending a three-week losing streak despite a strong US dollar It remains a favored hedge against inflation, maintaining value despite high-interest rates Technical analysis shows gold in a consolidation phase, with key support at $2300 being

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The US dollar has rallied quite nicely during the early hours on Friday against the Japanese Yen, breaking above the 158 Yen level. That being said, there was a Bank of Japan meeting that of course rattled the markets and

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June 17, 2024

The New Zealand Dollar Is Falling

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Image Source: Unsplash  Like other major currencies, the New Zealand dollar is under pressure from the strong US dollar. This development comes after the Federal Reserve’s updated forecasts last week. Stock market expectations point to only one interest rate cut this

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Image Source: Pixabay  Elliott Wave Analysis TradingLounge Daily Chart,Ethereum/ U.S. dollar(ETHUSD)ETHUSD Elliott Wave Technical Analysis Function: Follow TrendMode: MotiveStructure: ImpulsePosition: Wave 5Direction Next higher Degrees: wave 5 of Wave (3)Wave Cancel invalid level: Details: Wave (5) trend move to Test 4692.28Ethereum/ U.S. dollar(ETHUSD)Trading Strategy:A five-wave

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June 17, 2024

FTSE 100 Commentary – Monday, June 17

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BOE on ThursdayThe FTSE is seeing some light selling through early European trading on Monday. The main focus this week will of course be the Bank of England rates meeting on Thursday. While the BOE is not expected to cut

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by Bill McBrideCalculated Risk, May 29, 2024The FDIC released the Quarterly Banking Profile for Q1 2024: Reports from 4,568 commercial banks and savings institutions insured by the Federal Deposit Insurance Corporation (FDIC) report aggregate net income of $64.2 billion in first quarter

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Image Source: Unsplash  At Friday’s close, the Dow Jones (US30) Index was down 0.15% (for the week -0.50%), while the S&P 500 (US500) Index decreased by 0.04% (for the week +1.69%). The Nasdaq Technology Index (US100) closed positive 0.12% (for the week +3.54%). Hawkish comments from Fed Chair Cleveland Mester bolstered

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 Barron’s ran an important article this weekend titled “There is no Magnficent 7. There’s Simply The Magnificent One” [SUBSCRIPTION REQUIRED]. That Magnificent One – obviously – is Nvidia (NVDA) which is responsible for 1/3 of the S&P’s YTD gain through May.But NVDA’s

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June 17, 2024

Asian Stock: COFCO Sugar Holding

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Company: COFCO Sugar Holding Company LimitedBloomberg ticker: 600737 SHMarket cap: US$3,031mBackground: COFCO Sugar Holding Company Limited processes and sells sugar products. The Company produces white sugars, molasses, and other sugar products. Cofco Sugar Holding also offers tomato products, fruits, vegetables, and other products.  World Class

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