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Updated: 19 min 36 sec ago

USD/CAD Price Forecast: Holds Ground Above 1.3500, Next Barrier Appears At Nine-day EMA

Thu, 09/05/2024 - 05:07
USD/CAD could test the immediate barrier at the nine-day EMA at 1.3521 level, followed by the 14-day EMA at 1.3546 level. The momentum indicator MACD shows a convergence below the signal line, suggesting a weakening of the bearish trend.

EUR/USD Gains As Weak Job Openings Boost Fed Large Rate Cut Bets

Thu, 09/05/2024 - 04:59
EUR/USD clings to recovery near 1.1100 as weak US Job Openings data pushes the US Dollar on the back foot. The major trigger for the US Dollar will be the August US NFP report on Friday. The ECB is almost certain to cut interest rates this month.

The Weakest Month Has Begun!

Thu, 09/05/2024 - 04:31
At the beginning of August, the stock markets suffered a collapse. In fact, August is a seasonally weak month – since 1970 it has been the second weakest in the annual cycle.

AUD/USD Forex Signal: Stabilizes Ahead Of US NFP And Services PMI Data

Thu, 09/05/2024 - 04:15
The AUD/USD pair pulled back after the latest Australian services PMI and GDP numbers. It retreated to a low of 0.6685, its lowest swing since August 19 and over 2% below its highest point last month.

Current Report: First National Financial

Thu, 09/05/2024 - 03:50
First National Financial Corp is a Canadian originator, underwriter, and servicer of predominantly prime residential and commercial mortgages. Over the past year, First National’s share price rose about 5% as of Wednesday’s market close.

Unlocking ASX Trading Success: SOUTH32 LIMITED – S32 Stock Analysis & Elliott Wave Technical Forecast

Thu, 09/05/2024 - 03:00
Our analysis, forecast of contextual trends, and short-term outlook for ASX: SOUTH32 LIMITED – S32 aim to provide readers with insights into the current market trends and how to capitalize on them effectively.

Recapping GDPNow Third-Quarter Nowcast Changes, What’s Going On And Why

Thu, 09/05/2024 - 02:50
With spending unexpectedly higher, the contribution to Personal Consumption Expenditures (PCE) rose a combined 0.56 percentage points. The change in net exports (surge in import spending) wiped out the increase in GDPI.

Asia Morning Bites For Thursday, Sept 5

Thu, 09/05/2024 - 01:50
South Korea’s GDP, Japan’s labour cash earnings, and various inflation data in focus today.

Nasdaq 100 & S&P 500 Elliott Wave Update - Wednesday, Sept 4

Thu, 09/05/2024 - 00:50
Tonight, I split the counts between the NQ and ES - showing the Minor 4 breakdown on the NQ and the Minor 5 breakdown on the ES. And to be honest I'm leaning towards the Minor 4th wave scenarios to play out in both markets.

The Market Is Positioning Itself Ahead Of The Big Job Report

Wed, 09/04/2024 - 23:50
Stocks ended the day mostly flat, resembling a pause. It wouldn’t be surprising to see the market trade lower tomorrow, ahead of the payroll report. Implied volatility will likely increase leading up to the report, then drop sharply once it’s out.

Fed Rate Cut Alert: The Case For 50 BPS?

Wed, 09/04/2024 - 23:05
Today’s regular stock market trading session was flat overall, following the worst single day for tech stocks in two years.

Risk Sentiment Shaken By JOLTS Report

Wed, 09/04/2024 - 22:20
If global markets remain in risk-off mode—especially with commodities like oil tanking—the Fed could be pressured to pull the trigger on a larger 50bps cut.

Stocks And Precious Metals Charts - Dying From Their Lack Of Humility

Wed, 09/04/2024 - 21:35
The markets are pricing in the expectation of a Fed policy pivot, signaled by a rate cut at their next meeting in September. The question is whether the cut will be 25 or 50 basis points.

Financial Markets Report For Wednesday, Sept 4

Wed, 09/04/2024 - 20:50
In this video, Ira Epstein reviews the activity in the Financial Markets after the day that just ended, Wednesday, September 4.

The S&P 500 Is Trying To Hold It Together, But The Odds Are Stiff

Wed, 09/04/2024 - 20:05
Stocks are pricing in economic activity around six to nine months in advance right now, so it seems timely that a historically bearish September will prove to be packed with volatility and risk.

Rates Spark: US 2’s And 10’s Touch 3.75%

Wed, 09/04/2024 - 19:20
US market rates continue to pressure core rates lower. US 2’s and 10’s have settled at 3.75%. Both are some 1.6% through the funds rate. That’s quite a discount.

Australian Dollar Shows Mild Gains On Reduced USD Strength

Wed, 09/04/2024 - 18:40
The AUD/USD saw mild gains on Wednesday, rising to 0.6720 amid reduced USD strength.

Nvidia Approves $50 Billion Stock Buyback: Time To Buy?

Wed, 09/04/2024 - 18:20
NVIDIA’s newest stock buyback plan is expected to please income-oriented investors. So, is this the right time to buy the NVIDIA stock? Let’s have a look

Why Entravision Communications’ Dividend Could Be At Risk

Wed, 09/04/2024 - 18:05
Entravision Communications (EVC) is a media company catering to the Latino market. Should investors expect such a strong dividend payout to continue? Let’s dig in and find out.

A Stunning Chart Ahead Of Friday's Job Report

Wed, 09/04/2024 - 17:50
Buried deep inside today's JOLTs report was some data that is simply stunning, and suggests that Friday's jobs report could be a disaster.

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