Bear Of The Day: Jack In The Box Inc. Time to Stay Away from JACK Stock?
Jack in the Box Inc. (JACK) offered disappointing guidance when it reported its fourth quarter and full-year 2024 results on November 20. The fast-food company pointed to a “difficult top-line macro environment” as part of the reason for its lackluster showing.Jack in the Box shares have tumbled 40% in the last year, highlighting a rough decade compared […]
GBP/USD Analysis: Selling Strategy May Strengthen In Coming Days
US Inflation Data Crucial for the Currency PairAccording to Bloomberg Economics, US headline inflation is expected to be 0.2% month-on-month and 2.6% year-on-year last month, matching October’s figures. Forward-looking pricing and early submissions to the Bloomberg survey align with these expectations. For the Federal Reserve, steady inflation is likely to signal caution when assessing interest […]
ETH/USD Forecast: Breaks Above 4K Support Levels Below
But really, I think you also have to keep in mind that the market does not operate in a vacuum. It needs Bitcoin to pick it up. If Ethereum pulls back, and it probably will sooner rather than later, there should be plenty of support near the $3,600 Support Levels BelowWe also probably have a little […]
Silver Price Forecast: XAG/USD Posts Fresh Four-week High $31.50 As Fed Dovish Bets Soar
Silver price (XAG/USD) surges above $31.50 at the start of the week. The white metal strengthens as financial market participants become increasingly confident that the Federal Reserve (Fed) will cut interest rates by 25 basis points (bps) to 4.25%-4.50% in the policy meeting on December 18.According to the CME FedWatch tool, the probability for the Fed to cut […]
Is Inflation About To Come Roaring Back?
Has inflation been slain?According to the official data, the answer is “maybe” at best, but most likely “no.”There are three official inflation measures in the U.S. They are: The Consumer Price Index (CPI). The Producer Price Index (PPI). Personal Consumption Expenditures (PCE). CPI has effectively stopped declining for six months now. A lot of commentators […]
EUR/USD Outlook: Fed Rate Cut Odds Boost Euro
The EUR/USD outlook shows some strength in the euro as the dollar drops due to increasing bets for a December Fed rate cut. Meanwhile, traders remained cautious ahead of key US inflation data that will continue shaping the outlook for US monetary policy. The greenback fluctuated on Friday when data showed a mixed picture of the […]
EUR/USD Analysis: Price Awaits ECB Decisions Under Selling Pressure
At the beginning of another significant trading week, the EUR/USD currency pair is stabilizing on the downside around 1.0566 after failing to break above the 1.0630 resistance level last Friday. Obviously, this follows the release of stronger-than-expected US jobs data. The EUR/USD pair may remain in a narrow range with a bearish bias until the […]
Rose Resumes Its Rally As Anticipated
Cryptocurrency ROSE with ticker ROSEUSD is moving nicely as expected based on technical analysis and Elliott wave theory.On September 11 we have spotted nice and clean bullish setup formation after it unfoleded a five-wave impulse in 2023, followed by a deep A-B-C corrective setback with strong 78,6% Fibo. support area.ROSEUSD Daily Chart From September 11 2024Later […]
Housing Affordability Brings Market To A Standstill
Housing affordability helps explain why residential real estate transactions have reached a standstill. Over the last five years, housing prices have surged. Per the Case-Shiller 20 City Home Price Index, home prices from 20 of the largest cities have risen between 33% and 80%. Over the same five-year period, mortgage rates jumped from 3.68% to […]
Reducing Government Spending Is Key To Reduce Inflation
Image Source: Pixabay Markets and economists are beginning to recognize that a serious rationalization of spending is the only way to prevent a debt crisis and reduce inflation in the United States. In the latest estimates published by the Treasury, the accumulated deficit between 2024 and 2034 would reach $14 trillion. Considering the path of uncontrolled […]
