Can CPI Be Too Low?
Higher S&P 500 high was made as per premium predictions, and the same goes for selloff at the open bringing sizable intraday gains to clients. Other premium clues revealed include XLF and KRE performance, and bond market with defensives alike. The main indices as such are sending one more hint discussed below.Let‘s collect them in this […]
Stocks: Uncertainty Following The Rebound
Inflation data is not likely to move stock prices much. What’s next?This morning, the markets received the important Consumer Price Index (CPI) release, which came in slightly higher than expected at +0.3% month-over-month. As a result, sentiment worsened slightly ahead of the S&P 500 index open. Futures contracts are trading 0.3% lower; prior to the […]
August CPI: Further Important Progress Towards 2% YoY Level, Marred (Only) By A Surprise Uptick In Shelter
August CPI, with the conspicuous exception of shelter, continued to come in tame. And the list of other “problem children” decreased by 1, as only food away from home (restaurants) and transportation services (motor vehicle insurance and repairs) remain.Let’s get the headlines out of the way: – Headline CPI continued increased 0.2% for the month, and decelerated […]
Coffee Commodity Elliott Wave Technical Analysis – Wednesday, September 11
Coffee prices are beginning to turn lower after completing a key technical chart pattern. The commodity has been on a strong upward trajectory since October 2023, but a corrective decline now seems likely before the next leg of the rally resumes, continuing the bullish sequence from late 2023. This analysis explores the potential for a pullback and identifies […]
Gold Analysis: Stable Ahead Of US Inflation Report
As of Wednesday’s opening, the gold price has stabilized at $2,527 per ounce, as markets await the US inflation report later today for clarity on the potential extent of US interest rate cuts by the Federal Reserve. Last week’s US jobs report offered limited insights following a mixed report, as the US economy added fewer […]
USD/CAD Price Analysis: Dollar Weakens Post-Debate
The USD/CAD price analysis shows a mild retracement amid a bullish trend as the dollar falls after the US presidential debate. Meanwhile, investors remained cautious ahead of US inflation data, which could give clues on the outlook for Fed rate cuts. The presidential debate on Tuesday weighed on the dollar as Kamala Harris came out stronger. […]
PANW Stocks Elliott Wave Technical Analysis – Wednesday, September 11
PANW Elliott Wave Analysis Trading Lounge Daily Chart,PaloAlto Networks Inc., (PANW) Daily Chart PANW Elliott Wave Technical AnalysisFUNCTION: Trend MODE: Impulsive STRUCTURE: Motive POSITION: Minor 1 of (5). DIRECTION: Upside into wave 1. DETAILS: Looking for a resumption of the uptrend after what appears to be a three wave move into wave (4), as we currently stand between TL3 and 400$. PANW Elliott Wave Analysis Trading Lounge 1H Chart,PaloAlto Networks Inc., (PANW) 1H Chart PANW Elliott Wave Technical […]
Gold’s Outlook Before CPI Data
The CPI data is going to be released today, so the markets are tense.Gold moved slightly higher, but the very short-term resistance line based on the previous highs keeps gold’s gains in check.The fact that gold already confirmed the breakdown below its rising wedge channel makes the following declines likely from the short-term point of view.And from the medium-term point of view, we […]
Bear Of The Day: Malibu Boats
Malibu Boats, Inc. (MBUU) is navigating choppy waters as consumer demand for boats remains soft. This Zacks Rank #5 (Strong Sell) is riding out the slowdown while preparing for normalization.Malibu Boats is a designer and manufacturer of recreational powerboats, including performance sport, sterndrive, and outboard boats.It’s brands include Malibu and Axis in sport boats, Cobalt in […]
EURCAD Two-Year Bullish Sequence Extends From The Blue Box
EURCAD has maintained a bullish sequence from the low in August 2022. From that low, the bullish sequence could either complete a 3-wave or a 5-wave structure. Based on the path of least resistance, the price should complete at least a 3-swing sequence. On the weekly chart, we identified the first swing from the August […]
