As shown on the XAG/USD chart, the price of silver is currently around $26.75 this week, marking the lowest level since early May. In our analysis of silver on June 6, we noted: → Silver was underperforming gold—a bearish sign; → Other bearish indicators included a double top pattern near the $32 per ounce level….
The natural-gas burning parts of North America are likely to experience a colder winter if La Niña emerges. Today, US weather forecaster CPC pegged the odds of La Nina emerging in Sept-November at 66% and persisting throughout the winter. There is plenty of variability but during La Niña, the Northern United States and Southern Canada…
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United States Continuing Jobless Claims came in at 1.875M, above forecasts (1.87M) in July 26 Source link
Monday, 5 August significant sell-off in the Nikkei 225 has triggered a potential bullish key reversal inflection week. Citigroup Economic Surprise Index for Japan staged a positive turnaround on Monday, 5 August which suggests an improvement in macro data. The percentage of Nikkei 225 component stocks trading above their respective 200-day moving averages has reached…
The national debt has reached unprecedented levels, posing a significant threat to the U.S. economy. As the 2024 presidential election approaches, both major candidates, Kamala Harris and Donald Trump, propose policies likely to exacerbate the debt crisis. Their plans focus on tax cuts and government giveaways, largely ignoring the burgeoning national debt. In this article,…
Disney (DIS) beat analyst expectations with its third-quarter results, being above the expected figures for revenue and earnings. This marked a return to profit from previous losses and comes as the entertainment giant plans to increase the price of its streaming service. Pre-tax profit climbed to $3.1bn for Q3, following the $134m loss posted last…
Most Read: S&P 500, Nasdaq 100 Technical Outlook: Significant Hurdles Ahead, Will the Rally Continue? The Bank of Japan (BoJ) has released their summary of opinions, accompanied by some bearish comments from BoJ policymakers. BoJ Deputy Governor Shinichi Uchida softened some of Governor Ueda’s more aggressive remarks, aiding in market stabilization. The BoJ noted that…
SoftBank Group (SFTBY) has returned to profit after a 1.9bn JPY Vision Fund investment gain in its fiscal Q1 ended June 2024. Media reports indicated that profits from its Chinese portfolio companies, which include ByteDance, balanced losses from organisations such as AutoStore and Symbotic (SYM). Overall, its Vision Fund division recorded a loss of 204.3bn…
Hi, I started today’s session having a bit of a rant about what is happening in the UK right now. As you may have seen (depending on which press you read), there have been riots in many cities in the UK. I showed examples of how the media distort the truth to fit their and…