Category Archive: Finance, No picture
A Rising Stock Market Does Not Drive Economic Growth
Image Source: Unsplash Many people believe that a general increase in stock prices is an important factor in economic growth. However, this is a questionable observation.The view that the stock market drives economic growth originates from the observation that changes in stock prices precede changes in economic data. We suggest that various economic indicators are heavily […]
USD/JPY Drops On Its Worst Day In Over A Year, Breaches 142.00
Image Source: Unsplash The USD/JPY is on pace to see it’s single worst trading day since November of 2022 after plunging over four percent on Thursday with a broad-market rally for the Japanese Yen (JPY). The USD/JPY tipped into its lowest bids in since August below 142.00 after the Bank of Japan’s (BoJ) Governor Kazuo Ueda […]
Shortages WASDE & Global Food Fight. The Corn & Ethanol Report
Challenger Job Cuts at 6:30 A.M., Export Sales, Initial Jobless Claims, Continuing Jobless Claims, and Jobless Claims 4-Week Average at 7:30 A.M., Wholesale Inventories 9:00 A.M., EIA Natural Gas Storage at 9:30 A.M., 4-Week & 8-Week Bill Auction at 10:30 A.M., 15-Year & 30-Year Mortgage rate at 11:00 A.M., Us Consumer Credit Change and Used […]
Update: These 7 Analysts To Miss Their 2023 Gold Price Targets – Badly
Image Source: Unsplash The following 7 analysts were brave enough, might we say foolish enough, to put their forecasts of where the price of gold would end up at by the end of 2023, in writing, which I highlighted in an article back on April 26th, and NONE of them have come even close with just […]
GBPJPY Is Turning Sharply From Strong Resistance
Photo by Jay Gomez on Unsplash GBPJPY was in a strong bullish rise from the start of 2023, but five-wave bullish cycle within wave C of B suggests that the cycle can be coming to an end. With the current sharp reversal back below the channel support line on a daily chart, seems like 5th […]
Sensex Today Ends 132 Points Lower; Nifty Holds 20,900
Image Source: Unsplash After a muted opening, Indian share markets traded in a narrow range throughout the session and ended marginally lower.Equity benchmark indices were dragged by weak global cues and falling crude oil prices. Today’s fall comes after seven consecutive days of gains where the Sensex and Nifty scaled fresh all-time high on multiple occasions.At […]
Google Up 2.6% In Premarket As New AI Model Released To Compete With GPT-4
Google introduced its most capable AI model, Gemini, claiming it can compete with OpenAI’s GPT-4.Google (GOOGL) recently announced the launch of its most powerful large language model (LLM) yet, Gemini, several months after OpenAI took the tech sector by storm with its GPT-4 model. In the announcement, Google claimed Gemini beat OpenAI’s GPT-3.5 and, in certain benchmarks, […]
Elliott Wave Technical Analysis: Visa Inc.
Image Source: Unsplash Visa Inc., Elliott Wave Technical AnalysisVisa Inc., (NYSE: V): 4h Chart 7 December 2023V Stock Market Analysis: We have been moving as expected from the previous update. We are looking for a wave (iv) to then resume higher. This wave (iv) could be sideways as wave (ii) was more of a sharp correction. […]
Thoughts For Thursday: Waiting For Santa
Well, there are eighteen days left till Christmas which one supposes should allow enough time for Santa to visit the market and that appears to be just what the market is hoping for. With not strong signal from Fed Chair Powell hinting at the timing of the first rate cut, impetus in the market to […]
3 Technology Mutual Funds For Solid Returns
Image Source: Unsplash Technology mutual funds are ideal for investors seeking long-term growth and impressive returns. Improving industry fundamentals and emerging technologies such as artificial intelligence, machine learning, robotics, and data science are the key catalysts to the sector’s growth.In addition, most funds investing in securities from the technology sector take a growth-oriented approach that focuses […]
