Dollar To Be Favored As Fed’s Powell Dismissed Idea Of Rate Cut In March
The recent surge in stock markets faced a temporary setback as Federal Reserve Chair Jerome Powell dismissed the notion of a rate cut in March.
American Stocks Continue To Lead Global Equities Ex-US In 2024
Betting on the demise of the long-running leadership of US shares over foreign markets has been a losing proposition for some time and the early going in 2024 suggests the trend persists.
Elliott Wave Technical Analysis Daily Chart: Exxon Mobil Corp.
Looking for a clear five wave move into minor wave 1.
Chart Of The Day: TransDigm - Plane Parts
TransDigm Group Incorporated designs, produces, and supplies aircraft components in the United States and internationally.
S&P 500 Nearing 5,000, Yet Signs Of Caution Loom
The S&P 500 is set to retrace more of its Friday’s record-breaking rally this morning.
No Respite For The Bears
There is no whiff of a recession in 1H 2024, and the incoming data didn‘t exactly support a soft landing.
Record High S&P 500 Closing In On 5,000
The S&P 500 rose almost 1.4% over its previous week's close to set another new record high close of 4,958.61 on Friday, 2 February 2024.
USD Strengthens Following Strong Employment Data
The US dollar has seen a significant increase in strength against the Euro, with the EUR/USD pair falling to 1.0770 by Monday morning.
The Canadian Cannabis Report - Monday, Feb. 5
The past, present and future of the Canadian cannabis sector based on the performance of the MCCCI, which is a proprietary index of 14 stocks.
Caterpillar Achieves Record $17.1 Billion Revenue In Q4
Caterpillar Inc. exceeded market expectations in the fourth quarter of 2023, reporting an earnings per share (EPS) of $5.28 against the anticipated $4.76.
Crude Oil Commentary - Monday, Feb. 5
Oil prices remain under pressure as we start the new week.
Bitcoin Forecast: Continues To Grind Away To The Side
Bitcoin steady near $43,000, poised for next big move. Watch for breakout above $44,000 or dip to $40,000 support. Market in anticipation.
Elliott Wave Analysis: US Stocks
Explore Nasdaq's Elliott Wave analysis and effective trading strategies for top stocks in 2024.
Big Explosion Of Government And Social Assistance Jobs In 2023 To Help Migrants
President Biden is bragging about job growth in 2023. But he doesn’t say where those jobs are.
Mcdonalds Comes In Shy Of Revenue Estimates In Q4
McDonald's reported its fiscal fourth quarter results on Monday. Here's what its CEO Chris Kempczinski said in a press release today. $MCD is still up roughly 20% versus its low in mid-October.
January Barometer Bodes Well For S&P 500, Which Remains Extremely Overbought
January ended up 1.6 percent. Historically, an up January bodes well for the rest of the year. This may very well be the case this year, but one should not be oblivious of how overbought the S&P 500 is.
USD/JPY Analysis: Is A Move Towards The Psychological Resistance Of 150.00 Possible?
USD/JPY jumps to 148.58 post-strong US jobs report, reversing weekly losses. Focus on potential move to 150.00 amid economic strength and Fed rate cut speculations.
The US Dollar And Rates Rise Further
The US dollar and interest rates have continued to rise after the strong employment report before the weekend helped drive home the Fed's message at last week's FOMC meeting.
GBPUSD Forecast: The British Pound Falls Into Support Again
British Pound falls after NFP, approaching key support levels. Market eyes resistance at 1.2750 and support at 1.25, favoring range-bound traders amid a broader consolidation phase. Watch for potential breakout from this equilibrium.
Powell Promises That The US Fed Will Move Slower Than The Market Expects
In an interview on the "60 Minutes" program, US Federal Reserve Chairman Jerome Powell indicated that the central bank will be cautious about cutting rates this year.