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Updated: 1 hour 21 min ago

Daily Market Outlook - Monday, Jan. 15

Mon, 01/15/2024 - 03:32
Asian stocks traded within a narrow range due to the absence of significant catalysts over the weekend.

WASDE Update: Higher US Corn And Soybean Supplies

Mon, 01/15/2024 - 03:13
The USDA released a fairly bearish WASDE report on Friday with US ending stocks for both corn and soybeans coming in above expectations.

Pound Sterling Turns Sideways Ahead Of UK Labor Market Data

Mon, 01/15/2024 - 03:06
The Pound Sterling remains muted as investors await the United Kingdom labor market data for three months ending November, which will be published on Tuesday.

The SEC Approves Bitcoin … Or Does It?

Mon, 01/15/2024 - 03:05
Everyone got very excited last week about the US Securities and Exchange Commission approving the use of bitcoin in Exchange Traded Funds. Fantastic … but what does it all mean?

Sensex Today Rallies 600 Points, Tops 73,000 Mark; Nifty Above 22,000

Mon, 01/15/2024 - 02:43
Indian share markets are trading on a positive note with the Sensex higher by 608 points, while the Nifty is trading 143 points higher.

Market Briefing For Tuesday, January 16

Mon, 01/15/2024 - 01:55
Interesting speculation about things we're already likely late to change.

Polkadot / U.S. Dollar(DOTUSD) Elliott Wave Technical Analysis - Monday, Jan. 15

Mon, 01/15/2024 - 01:18
Analysis, trading strategy and technical indicators, from both the Daily and 4H charts.

2024 Global New Energy Vehicle Market to Surge, Chinese Brands Claim 78% Share

Mon, 01/15/2024 - 00:30
Canalys' latest report predicts a significant 27% increase in the total number of new energy vehicles globally by 2024, with an estimated 17.5 million units.

The Nike Deep Dive

Sun, 01/14/2024 - 23:25
Nike (NKE​​​​​​​) is one of those long-term keeper stocks whose multi-thousand percent gains have made fortunes for some families.

WMA: Bitcoin Fluctuates Erratically Following Historical Spot BTC ETF Approval

Sun, 01/14/2024 - 21:10
The crypto market ends the week at a total capitalization of $1,69 trillion. Bitcoin decreased over 2% to reach around $42,900. Ethereum is up almost 13% to trade at a little over $2,550. XRP gained almost 1% this week, reaching around $0.57.

EURCAD Shatters The Upper Border Of The Wedge: What’s The Next Target?

Sun, 01/14/2024 - 20:35
In a recent turn of events, EURCAD has broken through the upper border of the wedge pattern indicated on the 4-hour chart.

3 Top-Ranked Large-Caps To Buy For Growth

Sun, 01/14/2024 - 20:04
Large-cap stocks are frequently targeted among investors. They typically have greater stability and a proven track record, two reasons why they're beloved.

Gold Price Forecast: XAU/USD Flat-Lines Below $2,050, Focus On Geopolitical Tensions

Sun, 01/14/2024 - 19:32
Gold price trades flat around $2,045 amid the US bank holiday. US Producer Price Index (PPI) for December rose by 1.0% YoY versus 0.8% prior, below market expectations.

Debt-Saddled Consumers Embracing Even More “Doom Spending”

Sun, 01/14/2024 - 19:15
In a disturbing (but unsurprising) trend, more than 1 out of 4 US consumers are throwing in the towel with defeatist “Doom Spending” sprees — despite already being saddled with crippling levels of debt.

The Stock Market Is Poised For A Big Swing This Week (Bollinger Band Squeeze In Effect)

Sun, 01/14/2024 - 18:54
While the stock market made a dip to start 2024, I explained that move by simply noting that the market simply came into this year in an extremely overbought condition after having rallied in November and December with hardly any pullback at all.

EURUSD: Stuck In Neutral, Awaiting Breakout Or Breakdown

Sun, 01/14/2024 - 18:23
EURUSD has been stuck in a holding pattern for months, trapped within a trading range between 1.0447 and 1.1275.

Investors Accumulate Algorand Ahead Of This Key Ecosystem Development

Sun, 01/14/2024 - 17:49
Algorand stirs interest as it expects notable price actions in January. The team will release its much-awaited tech roadmap next week. The new framework targets improvements and innovations within the ALGO ecosystem.

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