Bull Of The Day: Zoom Video Comms
The Leader in Video ConferencingZacks Rank #1 (Strong Buy) stock Zoom Video Communications (ZM) is a video conferencing platform company that enables people to connect and communicate virtually. Zoom is the most popular conferencing platform and allows users to conduct online meetings, webinars, and virtual conferences through audio and video. Users can join Zoom meetings from various […]
Crude Oil Commentary – Thursday, Dec. 7
Image Source: Pixabay Crude Breaks SupportCrude oil prices sank to fresh 5-month lows yesterday as a combination of concerns over the Chinese economy and excess supply in the oil market weighed on sentiment. News that Moody’s has downgraded its credit outlook on China to negative, along with a slew of Chinese corporates, has caused some pause […]
Silver Forecast: Looks For The Bottom
The silver market has exhibited a back-and-forth movement during the Wednesday trading session, maintaining a position just above the critical $24 mark. This price level is not only psychologically significant due to its round figure but also historically important in the trading arena. As the market progresses through the Wednesday session, there is an increased focus on […]
Asian Stock: Siam Wellness Group
Company: Siam Wellness Group Public Company LimitedBloomberg ticker: SPA TBMarket cap: US$298mBackground: Siam Wellness Group Public Company Limited is a spa and wellness company. The company operates day spas under its brand Let’s Relax, destination Spas under its brand RarinJinda Wellness Spa, and traditional Thai massage shops under Baan Suan Massage. The company also has a Thai massage school […]
The Bank Of Canada Left The Interest Rate Unchanged
Image source: Pixabay At yesterday’s stock market close, the Dow Jones Index (US30) decreased by 0.19%, while the S&P 500 Index (US500) lost 0.39%. The Nasdaq Technology Index (US100) closed down by 0.58%. The broad market declined yesterday despite economic data out of the US on Wednesday proving dovish for Fed policy. The November US employment change from ADP rose by 103,000, weaker than […]
All Signs Point To Lower Rates Ahead
Image Source: Pexels Oil prices are down big again. A lot more contango, too. Bond buying remains heavy and while not quite to the bull steepening it’s moving in on that key point. All signs point to lower rates ahead, but isn’t that a good thing? That’s what we’re supposed to believe…Video Length: More By This Author:Big […]
USD/JPY Forecast: Fluctuates Against The Yen On Wednesday
At the end of the day, the US dollar’s trajectory in the forex market is currently at a critical point, influenced by technical indicators and impending economic announcements, specifically the Non-Farm Payroll numbers on Friday. On Wednesday, the US dollar exhibited a slight rally, reinforcing the support level along a significant trendline that analysts have […]
Bitcoin Remains Around $44000, And Ethereum Slides To $2260
Bitcoin chart analysisThe price of Bitcoin was moving in a sideways channel in the $43400-$44300 range yesterday. Today, we see a continuation of that movement and are currently in the middle of the channel. Since we are still holding high, we expect to see a continuation to the bullish side and a break above the […]
Weak German Industrial Production Marks End Of Another Disappointing Week
Image source: Pixabay Another disappointing macro week suggests that the German economy is on track for another quarter of contraction.After a drop in exports and a sharp fall in new orders, it is now the turn of industrial production to disappoint, signaling a very weak start to the fourth quarter. In October, industrial production fell by 0.4% month-on-month, […]
GBP/USD Recovery Attempts Remain Capped Below 1.2600 So Far
Photo by Colin Watts on Unsplash The pound’s recovery attempts are likely to meet strong resistance at 1.2600. The weak ADP report failed to hit the US Dollar. The pair is under pressure after confirming a double-top at 1.2730. The Pound is trying to regain some ground in the early European session after bouncing from session lows […]
