China: Industrial Profits Hit A 25-Month High Amid Signs Of Bottoming Out
Mar 27, 2024Jeremy Parkinson0
Image Source: PixabayIndustrial profits recovered to positive growthIndustrial profits rose from -4.3% YoY in 2023 to 10.2% YoY ytd through February 2024. This was the first positive growth since June 2022 and was also the highest growth rate since December 2021.By sector, this was mostly due to manufacturing profits recovering to 17% YoY ytd, up from […]
Metals Report For Tuesday, March 26
Mar 27, 2024Jeremy Parkinson0
Image Source: PixabayIn this video, Ira Epstein reviews the day’s trading in the gold and other relevant metal markets.Video Length: 00:06:18More By This Author:Financial Markets Report For Tuesday, March 26SPDR ETF Report For Friday, March 22Financial Markets Report For Friday, March 22
EUR/JPY Recovers Losses On Possible Japanese Intervention, Trades Around 164.10
Mar 27, 2024Jeremy Parkinson0
Image Source: Pixabay EUR/JPY gains ground as a possibility of market intervention by Japanese authorities. Japan’s Suzuki does not rule out responding to disorderly FX movements. The Euro may encounter pressure on the expectation of the ECB’s rate cut in June. EUR/JPY moves back and forth with a negative tone as the Japanese Yen (JPY) is […]
Elliottwave Technical Analysis: Binance Coin Crypto News
Mar 27, 2024Jeremy Parkinson0
Image Source: PixabayElliott Wave Analysis TradingLounge Daily Chart,Binance/ U.S. dollar(BNBUSD)BNBUSD Elliott Wave Technical AnalysisFunction: Follow TrendMode: MotiveStructure: ImpulsePosition: Wave ((v))Direction Next higher Degrees: wave 3Wave Cancel invalid level: 287.5Details: Wave ((V)) is equal to wave ((1) at 734.4Binance/ U.S. dollar(BNBUSD)Trading Strategy:It looks like Wave IV has finished correcting and the price is rising again in Wave V. Wave […]
The Canadian Cannabis Report – Monday, March 25
Mar 26, 2024Jeremy Parkinson0
For the trading week that ended March 22, 2024, my proprietary Canadian Cannabis Company Index (MCCCI) increased 36.5% compared to the prior week when it when was unchanged. The index consists of 14 stocks, many of which are among the most widely held holdings of the 3 ETFs (MJ, CNBS, and THCX) that I consider […]
Financial Markets Report For Tuesday, March 26
Mar 26, 2024Jeremy Parkinson0
Image Source: PixabayIn this video, Ira Epstein reviews the activity in the Financial Markets after the day that just ended, Tuesday, March 26.Video Length: 00:09:24More By This Author:SPDR ETF Report For Friday, March 22Financial Markets Report For Friday, March 22Metals Report For Friday, March 22
NZD/USD Remains On The Defensive Near 0.6000, Traders Await RBNZ’s Orr Speech
Mar 26, 2024Jeremy Parkinson0
Photo by Thomas Coker on Unsplash NZD/USD trades on a softer note near 0.6000 after retracing from a weekly top of nearly 0.6030 on Wednesday. The rate-cutting expectation and dovish comments from Fed officials exert some pressure on the US Dollar. The technical recession in New Zealand’s economy in Q4 2024 will leave ample space for RBNZ to […]
Commodity Outlook: Metals & Cryptocurrencies
Mar 26, 2024Jeremy Parkinson0
Image Source: PixabayUpdated Analysis of Commodity Markets and Elliott Wave: In the realms of commodities, the US Dollar and 10-Year Treasury yields are anticipated to experience a slight increase, while bonds are projected to decline, finalizing Wave C of (B). For Gold and Silver, a downward correction is expected from their current peaks as part of […]
Chart: The Declining Value Of The U.S. Federal Minimum Wage
Mar 26, 2024Jeremy Parkinson0
This graphic illustrates the history of the U.S. federal minimum wage using data compiled by Statista, in both nominal and real (inflation-adjusted) terms. The federal minimum wage was raised to $7.25 per hour in July 2009, where it has remained ever since. Nominal vs. Real Value The data we used to create this graphic can be found in […]
Pump-Prices To Hit $4 A Gallon As “Real Sleeper Risk” For Oil Market Looms
Mar 26, 2024Jeremy Parkinson0
Image Source: Pixabay US oil prices have recently jumped above the $80 a barrel mark – the highest level since late 2023, sending worrying signals to the Federal Reserve and overly anxious White House. The surge in WTI has pushed wholesale gasoline prices up… And worse, pump prices are set to accelerate even higher in the coming […]