Natural Gas Prices Are Negative, Giving Existing Oil And Gas Infrastructure The Advantage
Image Source: PixabayWest Texas has a natural gas problem. But it might not be the kind you’re thinking of. The region is facing an excess in supply. There’s so much natural gas that energy companies are paying to have it taken away.At the Waha gas hub in the Permian Basin, natural gas prices have been in […]
Individual Investors Just Don’t Like Feeding The Ducks
Image Source: PixabayWhat a wild and volatile afternoon it was on Wednesday after the Fed meeting. There was a massive rally followed by a huge decline, as you can see below. It seems that my previous comment about buying weakness and selling strength was a valid one. On Thursday, markets were strongly higher and I heard […]
USD/CAD Outlook: BoC Governor’s Remarks Lift Canadian Dollar
The USD/CAD outlook sharply turned toward bearish territory, stirred by the hawkish sentiments of Bank of Canada Governor Tiff Macklem. At the same time, the Canadian dollar, which usually tracks US equities, strengthened amid a rebound on Wall Street. Meanwhile, investors awaited the US nonfarm payrolls report for more clues on Fed policy.On Thursday, BoC […]
Silver Price Forecast: XAG/USD Plummets To $26 Despite Weak US NFP Data
Silver price (XAG/USD) reverses gains and falls sharply to $26.00 despite the United States Nonfarm Payrolls (NFP) data for April turned out weaker than expected. The US NFP report showed that employers hired 175K job-seekers, weaker than the consensus of 243K and the prior reading of 315K, upwardly revised from 303K. The Unemployment Rate rises to 3.9% while investors forecasted […]
EUR/USD Price Analysis: ECB’s Less Dovish Remarks Boost Euro
The EUR/USD price analysis shows bullish momentum as the euro gains strength on moderately less dovish ECB policy remarks. At the same time, the dollar is set for its worst week in two months, with all eyes on the upcoming US employment report.On Friday, ECB policymaker Yannis Stournaras said there might only be three ECB […]
Weaker US Jobs Numbers Boost Expectations Of A September Rate Cut
Job creation was weaker, unemployment higher and wage growth more subdued than expected in the April employment report. With Fed Chair Powell leaning dovish at Wednesday’s press conference this has breathed new life into Federal Reserve interest rate cut calls. 175,000 The number of jobs added in the US economy in April Lower than expected […]
Starbucks Earnings Warn Of Belt Tightening
Starbucks latest earnings report sends the message that consumers may finally be retrenching after a few years of spending above their means. Cheap luxury items are low in price by definition and include items that we do not necessarily need but are nice to have. When consumers have confidence in the economy and their jobs, […]
2 Major Regional Banks To Buy On High Rates, Economic Growth
The Zacks Major Regional Banks will benefit from high rates as net interest income (NII) continues to witness a marginal rise despite increasing funding costs impeding net interest margin (NIM) expansion. Solid economic growth and modest loan demand will also support banks’ financials in the near term.Business restructuring/expansion initiatives and digitization will offer support. Though weakening asset […]
Mixed Bag Proposition
S&P 500 didn‘t continue with the dump phase after Powell‘s conference, and also ignored data pointing to tight labor market and persisting inflation pressures. Both the 2y and 10y Treasuries rose while odds of a Sep rate cut again suprassed odds of no cut. The dollar also retreated after biting badly Tuesday, resulting in quite […]
XAUUSD Commodity Elliott Wave Technical Analysis
Gold Elliott Wave Analysis Function – Trend Mode – Impulse Structure – Impulse wave Position -Wave 4 Direction – Wave 5 Details – Wave 5 still struggles around the Fibonacci support zone. A diagonal seems to be developing for blue wave ‘c’ of 4. Still needs a sharp break out of the diagonal for wave 5 […]
