Category Archive: Finance

SPDR ETF Report For Thursday, May 23

SPDR ETF Report For Thursday, May 23

Image Source: PixabayIn this video, Ira Epstein reviews the day’s trading in various SPDR-ETF markets for the trading day that ended, Thursday, May 23.Video Length: 00:16:47More By This Author:SPDR ETF Report For Wednesday, May 22Metals Report For Wednesday, May 22SPDR ETF Report For Tuesday, May 21
Stocks See Big Swings Now That Rate Hikes Have A Pulse Again

Stocks See Big Swings Now That Rate Hikes Have A Pulse Again

Image Source: UnsplashStocks moved sharply lower today after opening sharply higher. It was, as expected, a reasonably volatile day, with many surprise turns, given that Nvidia (NVDA) was up nearly 10%, and the S&P 500 finished lower by around 75 bps. There was a 1.4% reversal in the S&P 500 overall intraday, while the Nasdaq 100 […]
Nasdaq 100 & S&P 500 Elliott Wave Update – Thu, May 23

Nasdaq 100 & S&P 500 Elliott Wave Update – Thu, May 23

Image Source: UnsplashBoth the NQ and the ES reached new ATH’s on the opening today with those highs being the completion points for the current 3rd waves within the ongoing sequences up. The sell-off that ensued I am tracking as the expected 4th waves with the ongoing 5 waves up sequences. I updated the labeling and […]
Asia Morning Bites For Friday, May 24

Asia Morning Bites For Friday, May 24

Image Source: Pixabay Global Macro and Markets   Global Markets: Stronger US PMIs helped to push up US Treasury yields following the somewhat modest response to the previous day’s FOMC minutes. 2Y yields rose 6.6 basis points, while the 10Y yield rose 5.5 basis points to 4.477%. Japan’s 10Y JGB yield remains just below 1.0% at 0.997%. […]
Current Analysis: Volvo AB

Current Analysis: Volvo AB

Image Source: PixabayVolvo AB (VLVLY) derives prosperity from transport and infrastructure solutions, offering trucks, buses, construction equipment, power solutions for marine and industrial applications, financing, and services that increase the customers’ uptime and productivity.Its five working segments are (1) Trucks, (2) Construction Equipment, (3) Buses, (4) Volvo Penta, and (5) Group Functions & Other.The company offers […]
GBP/USD Loses Its Recovery Momentum Below 1.2700, Eyes On UK Retail Sales

GBP/USD Loses Its Recovery Momentum Below 1.2700, Eyes On UK Retail Sales

Image Source: Pixabay GBP/USD weakens to 1.2695 on the firmer USD on Friday.  The US PMI accelerated to the highest level in just over two years in May.  The UK inflation data dashed hopes of BoE rate cuts in June.  The GBP/USD pair loses its recovery momentum near 1.2695 during the early Asian session on Friday. […]
EUR/USD Slips Further Back On Thursday As Rate Cut Hopes Dry Up

EUR/USD Slips Further Back On Thursday As Rate Cut Hopes Dry Up

Image Source: Pixabay EUR/USD eases lower as risk-off flows bolster the Greenback. A spike in US Services PMIs reignite fears of sticky inflation. Fed rate cut hopes hinging in easing services inflation stumble. EUR/USD headed lower on Thursday, driven closer to the 1.0800 handle after an unexpected upswing in US Services Purchasing Managers Index (PMI) figures sparked […]
AUD/USD Tumbles To Six-Day Low And Hovers Around 0.6600

AUD/USD Tumbles To Six-Day Low And Hovers Around 0.6600

Image Source: Unsplash AUD/USD falls 0.20% to 0.6605, continuing its third day of losses. US economic resurgence evident with S&P Global Composite PMI at a 12-month high of 54.4. Strong US Services PMI at 54.8 and Manufacturing PMI at 50.9 dampen hopes for a Fed rate cut. The Australian Dollar lost 0.20% against the US Dollar […]
Markets Take Profits Ahead Of Long Weekend

Markets Take Profits Ahead Of Long Weekend

Image Source: UnsplashMarket participants took the opportunity to cash in a few chips today. We’re just one trading day out from Memorial Day weekend, which brings us to unofficial summer and the lower trading volume that often takes place over this period of time. The Dow, S&P 500 and the small-cap Russell 2000 are all now […]
Nvidia Earnings: AI-Boom Remains Robust

Nvidia Earnings: AI-Boom Remains Robust

Image Source: PixabayArtificial intelligence (AI) is Wall Street’s new obsession, with companies discussing the technology in a snowballing fashion and helping keep market sentiment positive. The robust quarterly results we’ve received from NVIDIA (NVDA – Free Report) over the last year have added further fuel to the fire, with the company flexing the scorching-hot demand it’s been witnessing […]