The Quick And Dirty Economic Indicator Says: Not Even Close To Recession
There are some economic and financial indicators that aren’t classic leading or lagging indicators. Rather, they are “over-sensitive” in one direction or another. Two good examples are heavy truck sales and the unemployment rate: they are over-sensitive to the downside: they lead going in to recessions, but lag coming out.The S&P 500 stock market index […]
Government Dysfunction Is Back On The Calendar
The federal government’s fiscal year ends on September 30, and with it, a budget extension is needed to keep the government running beyond that date. Accordingly, as seems to be the norm, government dysfunction is back on full display. House Speaker Mike Johnson failed to pass a budget extension bill on Wednesday. Moreover, he doesn’t […]
Gold, Silver Or Equities
No serious attempt to close the bullish gap yesterday, and triple witching ahead today into reasonably good S&P 500 market breadth. Bond woes that I telegraphed well before FOMC as knocking on the door, are affecting prior star performers of XLRE, XLP and XLU – clients were in the picture ahead of time, and the […]
AUD/USD Price Forecast: Continues Posting Green Candlesticks As It Pushes Higher
AUD/USD keeps posting green candlesticks as it steadily creeps higher. The pair hit a new 2024 high of 0.6839 on Thursday and although there is not much spare room left above until it touches the long-term range high at 0.6870, the trend is short-term bullish, so it’s quite possible it could continue higher. AUD/USD Daily Chart […]
Soybean Commodity Elliott Wave Technical Analysis – Friday, September 20
Soybean Elliott Wave AnalysisThe soybean market is currently retracing within a long-term corrective structure that has developed since the peak in June 2022. While short-term upside potential appears likely, the overarching trend suggests that a significant sell-off is poised to resume, potentially driving prices toward the lows seen in 2020.Long-Term PerspectiveBefore the decline that began in June 2022, […]
Analytical Overview Of The Main Currency Pairs – Friday, September 20
The EUR/USD currency pair Technical indicators of the currency pair: Prev. Open: 1.1111 Prev. Close: 1.1161 % chg. over the last day: +0.45 % The euro is trading near $1.12, the strongest in three weeks, benefiting from the overall dollar weakness after the Federal Reserve cut interest rates by 50 bps. The Fed also signaled additional […]
Solana Flies 12% To Reclaim $140, Is $160 Next?
Solana (SOL) joined the recent crypto market pump after climbing 10% on Thursday. SOL’s price broke above a key resistance level, reigniting the bullish sentiment among investors and traders who believe the cryptocurrency is soon poised to reclaim higher targets. Solana Breaks Above Key Resistance LevelFollowing the highly anticipated US Federal Reserve (Fed) rate cuts, the […]
US Dollar Flat With Traders Digesting The Past Fed Meeting
The US Dollar (USD) trades broadly steady on Friday after Thursday’s sharp decline, when traders revalued the Greenback after the US Federal Reserve (Fed) joined the European Central Bank (ECB) and several others by starting its interest-rate cutting cycle. Quite a different picture comes from the Bank of England (BoE) and the Bank of Japan (BoJ), which decided to […]
Bovespa Index Elliott Wave Technical Analysis – Friday, September 20
Bovespa Index Elliott Wave Analysis – Trading Lounge Day Chart Bovespa Index Elliott Wave Technical Analysis FUNCTION: Counter Trend MODE: Corrective STRUCTURE: Gray Wave 2 POSITION: Orange Wave 3 DIRECTION NEXT HIGHER DEGREES: Gray Wave 3 DETAILS: Gray wave 1 appears to have completed, and now gray wave 2 is currently in play. Wave Cancel Invalid Level: 123065.21 The Elliott Wave analysis for the daily […]
HSBC Share Price Is Up 200% From 2020 Lows; More Upside?
HSBC (HSBA) share price has risen for two consecutive weeks as investors focus on the actions by central banks and the new management. The stock was trading at 665p in London, up by over 16% this year and by almost 200% from the lowest point in 2020. Bank in a turnaroundHSBC’s stock performance has coincided with […]
