Category Archive: Finance
SPDR ETF Report For Thursday, July 25
Image Source: PixabayIn this video, Ira Epstein reviews the day’s trading in various SPDR-ETF markets for the trading day that ended, Thursday, July 25.Video Length: 00:16:14More By This Author:Financial Markets Report For Thursday, July 25Metal Markets Report For Wednesday, July 24SPDR ETF Report For Wednesday, July 24
US Markets Suffer Worst Day Since 2022 As Tesla And AI Stocks Fall
Photo by Steve Johnson on UnsplashThe day on Wall Street was turbulent, with major indices suffering large losses in the wake of weak earnings reports from technology giants Tesla (TSLA) and Google (GOOGL). Here’s a breakdown of the key developments: Tesla’s Profit Slump Tesla, the EV pioneer led by CEO Elon Musk, faced a challenging quarter. The company reported […]
AUD/USD Trades With Modest Gains Above Multi-Month Low, Focus Remains On US PCE Data
Image Source: Unsplash AUD/USD attract some buyers and snaps a nine-day losing streak to its lowest level since early May. A modest recovery in the equity markets undermines the USD and lends some support to spot prices. China’s economic woes might cap gains as traders now await the release of the US PCE Price Index. The AUD/USD pair […]
Asia Morning Bites For Friday, July 26
Image Source: Unsplash Global Macro and Markets Global Markets: US treasury yields were flat at the 2Y part of the curve yesterday, but they dropped a little further at the back end. 10Y yields fell 4.3 basis points, taking the yield down to 4.241%. This occurred despite some stronger 2Q24 GDP data and also some stronger quarterly […]
This Slingshot Reversal Could Make Our Entire Week
Image Source: Pixabay One day left – let’s make it count! Markets are range-bound ahead of big inflation news tomorrow morning…Ranges love to *rotate* and this Slingshot Reversal could be our easiest winner of the week! E-Mini S&P (ES): Emini is bearish and this rotation off the high tells us sellers will be looking for […]
It Could Have Been Much Worse For The Stock Market Today
Image Source: PixabayThe S&P 500 had another rough day, dropping by 51 bps, while the Nasdaq 100 fell by more than 1%. Despite the decline, there were more stocks up than down, with 289 stocks in the S&P 500 up and just 211 down, but that lopsided market has been the case for months.I think today […]
Financial Markets Report For Thursday, July 25
Image Source: PixabayIn this video, Ira Epstein reviews the activity in the Financial Markets after the day that just ended, Thursday, July 25.Video Length: 00:12:16More By This Author:Metal Markets Report For Wednesday, July 24SPDR ETF Report For Wednesday, July 24Financial Markets Report For Wednesday, July 24
USD/JPY Price Analysis: Recovers And Hovers Around 154.00
Image Source: Pixabay USD/JPY finishes unchanged, recovering from daily low of 151.94. Technical outlook indicates bearish bias with RSI nearing oversold levels. Key levels: bearish continuation below 153.00, support at 151.94, bullish control above 156.00. The USD/JPY trimmed some of its earlier losses and finished Thursday’s session virtually unchanged, trading at 153.93 after hitting a daily […]
Forex: Long Yen Is A Key De-Risking Trade
Image Source: PixabayThe Economics 101 junior trader approach to JPY rate differentials is the least compelling reason to go long on the Yen. The tech market sell-off reinforces the liquidation of JPY-funded carry trades, so the focus is more on volatility than basic economic principles.If risk continues to deteriorate at the pace it has this week […]
U.S. Manufacturing Jobs In Long-Term Context
Manufacturing jobs have a talismanic force in the politics of the US and many other high-income countries. The underlying belief often seems to be that governments of other countries have enacted policies that allowed them to steal US jobs, and that if the US government just got tough, the US economy could get those jobs […]
