Category Archive: Finance
US Inflation Rises But Core Inflation Drops
Image source: Pixabay US CPI Climbs to 2.9%The US December inflation report presented a mixed picture, as headline inflation rose while core CPI recorded a slight drop. The consumer price index (CPI) rose in December to 2.9% year-on-year, up from 2.7% in November and matching the market estimate of 2.9%. This marked a third straight increase […]
UnitedHealth Group’s Q4 2024 Revenue Growth Reflects Adaptability In Healthcare Market
Image Source: Pixabay UnitedHealth Group (NYSE: UNH) reported a robust performance for the fourth quarter of 2024, showcasing significant growth across its various operations.The company achieved revenues of $100.8 billion, marking a notable increase from the $94.4 billion reported in the same period the previous year. The company’s comprehensive approach primarily drove this growth to serve more individuals […]
Solana Back Above $200: Will It Hold Or Fade?
Solana started a decent increase above the $188 resistance. SOL price is back above $200 and might struggle to continue higher above $205. SOL price started a fresh increase above the $185 and $188 levels against the US Dollar. The price is now trading above $195 and the 100-hourly simple moving average. There is a […]
USD/CAD Forecast : US Dollar Falls Then Bounces Against The Canadian Dollar
The US dollar fell against the Canadian dollar during the trading session on Wednesday after the CPI numbers came out much lower than anticipated, reading 0.23% instead of 0.3% month over month in the United States. This had the US dollar suffering against most currencies, but we have since seen the US dollar turn things […]
Oil Reached The $80 Per Barrel
Image Source: Unsplash The Dow Jones (US30) rose 1.65% on Wednesday. The S&P 500 Index (US500) gained 1.83%. The Nasdaq Technology Index (US100) jumped 2.31%. The core inflation rate rose for the third consecutive month to 2.9% in line with expectations, but the core rate unexpectedly slowed to 3.2%. The data added confidence that the Fed […]
A Fresh Opportunity To Fade Bonds As A Marginal Change In Inflation Ignites A Near Oversold Market
Financial markets set up the next trade to fade the iShares 20+ Year Treasury Bond ETF (TLT). Stocks rallied (the S&P 500 gained 1.8%) and yields fell (TLT jumped 1.7%) as negative sentiment going into the December, 2024 CPI report was just barely low enough to set up a sharp relief rally on a marginal […]
Daily Market Outlook – Thursday, Jan. 16
Image Source: Pixabay Asian markets tracked Wall Street’s gains, driven by a dip in US core inflation that kept hopes of a Federal Reserve rate cut this year alive. Positive sentiment was also fuelled by robust earnings from U.S. banks such as Goldman Sachs, JPMorgan Chase, Wells Fargo, and Citigroup. Wall Street executives expressed confidence that […]
EUR/USD Stabilizes As US Inflation Cools Without Major Surprises
Image Source: Unsplash Following a nervous session last night, the EUR/USD pair is trading near 1.0285 on Thursday morning. The market is now stabilizing. Key developments influencing EUR/USDUS inflation data showed moderate growth, aligning with expectations. As forecast, the Consumer Price Index (CPI) rose by 0.4% m/m in December, maintaining an annualized rate of 2.9% y/y. […]
Elliott Wave Technical Analysis – U.S. Dollar/Japanese Yen
U.S. Dollar / Japanese Yen (USDJPY) Day ChartUSDJPY Elliott Wave Technical Analysis Function: Counter Trend Mode: Corrective Structure: Navy Blue Wave 2 Position: Gray Wave 1 Direction Next Higher Degrees: Navy Blue Wave 3 Details: Navy blue wave 1 appears completed; navy blue wave 2 is unfolding. Wave Cancel Invalidation Level: 139.533 The USDJPY pair is currently exhibiting a counter-trend movement, as […]
Two Trades To Watch: FTSE, EUR/USD Forecast – Thursday, Jan. 16
Image Source: Unsplash FTSE rises as the pound sinks and growth stalls UK GDP stalls at 0.1% vs 0.2% expected GBP/USD falls below 1.22 Miners led the index higher, tracking iron ore prices higher FTSE breaks out of range The FTSE 100 has risen to an over five-week high after weak GDP data sent the pound […]
