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Financial

Producer Price Inflation Comes In ‘Red Hot’ In November

December 12, 2024 - by - Leave a Comment

Following yesterday’s reported re-ignition in consumer price inflation (despite people seemingly being exuberant that it was ‘as expected’ – we don’t remember The Fed’s mandate being stable prices in line …

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Financial

Elliott Wave Technical Analysis – Analog Devices Inc.

December 12, 2024 - by - Leave a Comment

ADI Elliott Wave Analysis Trading LoungeAnalog Devices Inc., () Daily ChartADI Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: MotivePOSITION: Wave {ii} of 1.DIRECTION: Upside into wave {iii}.DETAILS: Looking for a bottom in wave {ii} to then …

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Financial

China’s Banking System Is Melting Down All At Once

December 12, 2024 - by - Leave a Comment

Image Source:   Here comes Chinese central bank bond buying, but this is no QE. A report surfaced in China Daily strongly implying the Chinese government is beyond just exploring something …

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Financial

NZD/USD Price Forecast: Reversal Setup On Chart But Will Unlikely Set Off

December 12, 2024 - by - Leave a Comment

NZD/USD surrenders daily gains as the US Dollar rebounds despite dovish Fed bets. The Kiwi pair exhibits a Bullish Divergence formation but will less likely get triggered. The RBNZ has …

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Financial

Ciena Corporation Fails To Meet Expectations In Fiscal Q4 Results

December 12, 2024 - by - Leave a Comment

Image Source:   Ciena Corporation (NYSE: ) recently released its  for the fiscal fourth quarter ending November 2, 2024. The company reported a revenue of $1.12 billion, which shows a slight decrease …

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Financial

Multiple Data Points To Go Before A Santa Claus Rally

December 12, 2024 - by - Leave a Comment

Photo by  on   Equity futures point to the stock market giving back some of its post-November Consumer Price Index (CPI) report pop this morning. Whether those futures turn around may hinge …

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Financial

Bitcoin Price Reclaims $100K: Is The Bull Run Back On?

December 12, 2024 - by - Leave a Comment

Bitcoin price remained supported above the $95,500 zone. BTC is up over 5% and is now trading above the $100,00 resistance zone. Bitcoin started a fresh increase above the $97,500 …

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Financial

USD/CAD Outlook: Loonie Surges Amid BoC’s Cautious Tone

December 12, 2024 - by - Leave a Comment

The USD/CAD outlook shows a stronger loonie after Wednesday’s Bank of Canada policy meeting, where policymakers struck a slightly cautious tone. Meanwhile, the dollar was fragile as US inflation figures …

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Financial

Understanding The Anger Over Healthcare In One Picture

December 12, 2024 - by - Leave a Comment

Healthcare costs have soared. Obamacare failed to live up to its promises. And my lead image dramatically understates the problems with costs.Data from the BLS, chart by Mish Changes Since …

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Financial

Crude Oil Jumps Back Above $70 As US Inventories Fall To Lowest Level

December 12, 2024 - by - Leave a Comment

Oil prices increase for a fourth straight day this week.  The EIA report on Wednesday revealed Cushing Crude Supply fell to a seven-year low.  The US Dollar Index trades lower …

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