Nasdaq Pulls Back From Highs As Stocks Slip
Stocks are firmly lower at midday, retreating from last week's gains, though the Nasdaq Composite managed to eke out a record high this morning before pulling back.
Elliott Wave Technical Forecast: WiseTech Global Limited
The analysis aims to provide readers with insights into the current market trends and how to capitalize on them effectively.
China Promises - Manic Metals Report
Geopolitical risk factors are making gold and silver a great play and the interest in the metals has caused the CME Group to come up with an new gold contract.
When Politicians Are Away, Investors Come Out To Make Hay
Recent events show how investors prefer it when policymakers are sidelined. That provides opportunities and I feature one that I recently invested in - Aixtron.
S&P 500 Weekly Action Areas & Price Objectives - Monday, Dec. 9
A look at the recent price action in the emini SP500 futures contract and price objectives to target for the week ahead.
Sensex Today Ends 200 Points Lower; Nifty Below 24,620
After opening the day marginally lower, the Indian benchmark remained in the negative territory as the session progressed and ended the day lower.
USD/CAD Forecast: Loonie Tumbles After Canada Jobs Data
Canada employment figures solidified bets for a massive Bank of Canada rate cut. Canada’s unemployment rate soared from 6.5% to 6.8%. The US economy added 224,000 jobs in November.
The Energy Report: Assad Falls
Oil prices are on the rise as the Assad regime in Syria falls raising questions about the geopolitical risk factors going forward.
Nvidia Shares Slip As China Opens Antitrust Probe Over Mellanox Acquisition
China's antitrust regulator investigates Nvidia over Mellanox acquisition. SAMR alleges Nvidia may have violated conditions imposed during the deal's approval. NVDA now faces increasing challenges amid the escalating US-China tech rivalry.
The Energy Report: Assad Falls - Monday, December 9
Oil prices are on the rise as the Assad regime in Syria falls raising questions about the geopolitical risk factors going forward. The potential for a power vacuum could lead to some unintended consequences.
Gold Rebounds On China Stimulus Hopes Ahead Of Busy Weeks
The gold forecast for the short term remains mixed as traders weigh competing influences, including the dollar’s strength, geopolitical uncertainties, and upcoming US inflation data.
USD/CHF Price Forecast: Recovers From Lows, Bulls Target 0.8800
USD/CHF bounces off, marking a 0.12% rise as market sentiment weighs on safe-haven currencies.
Elevated Investor Sentiment And Volatility/Options Dynamics Probably Favor Contrarians
In a seasonally favorable period, new highs keep coming for the major US equity indices. This has pushed several sentiment indicators into gross overbought territory.
Bitcoin Price At Crossroads: Will It Stabilize And Surge Again?
Bitcoin price recovered losses and climbed above $95,000. BTC is now consolidating and facing hurdles near the $101,250 resistance zone.
Bear Of The Day: Jack In The Box Inc.
Jack in the Box Inc. offered disappointing guidance when it reported its fourth quarter and full-year 2024 results on November 20. The fast-food company pointed to a “difficult top-line macro environment” as part of the reason for its showing.
GBP/USD Analysis: Selling Strategy May Strengthen In Coming Days
The British Pound gained significantly against the US Dollar last week, reaching the resistance level of 1.2810. However, GBP/USD quickly faced selling pressure, closing the week around 1.2735.
ETH/USD Forecast: Breaks Above 4K
Ethereum has busted through the $4,000 level and is now testing its all-time highs as I record this. I anticipate we probably will continue to go higher, but we could get a short-term pullback that offers a bit of value.
Silver Price Forecast: XAG/USD Posts Fresh Four-week High $31.50 As Fed Dovish Bets Soar
Silver price soars above $31.50 on firm Fed dovish bets. A ceasefire between Russia and Ukraine could weigh on safe-haven demand. Investors await the annual China Central Economic Work Conference.
Two Trades To Watch: EUR/USD, Oil Forecast - Monday, Dec. 9
EUR/USD rises with ECB rate decision & US CPI data due this week. Oil rises on geopolitical developments and China’s policy move.
Is Inflation About To Come Roaring Back?
A lot of commentators are pointing to the recent uptick from October’s data as indicating that inflation is coming back, but the reality is that this is a noisy data set that is subject to multiple revisions.