Content
Natural Gas Enthusiasts Rejoice: Long-Term Sinewave Continues To Perform
Article By:
Tim Knight
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Friday, May 17, 2024 2:40 AM EDT
I know a lot of folks here are ga-ga over natural gas. I am so delighted to see that its long-term sinewave, which I’ve talked about off and on for the past year, continues to perform.
In this article: UNG
China’s April Activity Data Disappointed As Heightened Caution Persists
Article By:
ING Economics
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Friday, May 17, 2024 2:20 AM EDT
The story of this month’s data is that of prevailing caution by households and the private sector, as retail sales and fixed asset investment came in weaker than expected.
In Focus: Brookfield Infrastructure
Article By:
The Dividend Guy
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Friday, May 17, 2024 1:40 AM EDT
In focus this week is Brookfield Infrastructure (BIP / BIPC), one of the largest owners and operators of critical global infrastructure networks. BIP assets facilitate the movement and storage of energy, water, freight, passengers, and data.
Gold Price Gains Ground, With Fed Speakers In Focus
Article By:
Lallalit Srijandorn
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Friday, May 17, 2024 1:20 AM EDT
The gold price trades with a positive bias on Friday. The bullish move of precious metals in the previous sessions was bolstered by the softer-than-expected US inflation data in April, which triggered hope for rate cuts from the US Federal Reserve.
Elliott Wave Technical Analysis: Bitcoin/USD Crypto Price News
Article By:
Peter Mathers
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Friday, May 17, 2024 1:00 AM EDT
Overall, Bitcoin is still in an uptrend, but it is currently in a correction phase of the fourth wave, which appears to be complete. Therefore, it is an opportunity to rejoin the trend. Look for opportunities to open long positions.
USD/JPY Climbs To Near 156.00 As BoJ Maintains Bond-Buying
Article By:
Akhtar Faruqui
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Friday, May 17, 2024 12:40 AM EDT
USD/JPY rose to near 155.90 during the Asian session on Friday as the Japanese Yen (JPY) encountered renewed pressure.
Elliott Wave Expects Silver Pullback To Find Support
Article By:
Elliottwave Forecast
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Friday, May 17, 2024 12:00 AM EDT
Short-term Elliott Wave in Silver (XAGUSD) suggests the metal rallies in an impulsive structure from 10.3.2023 low. Up from there, wave (1) ended at 25.91, and a dip in wave (2) ended at 21.94.
Current Analysis: Smith & Nephew
Article By:
Fredrik Arnold
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Thursday, May 16, 2024 11:40 PM EDT
Smith & Nephew designs, manufactures, and markets orthopedic devices, sports medicine and arthroscopic technologies, and wound-care solutions. Over the past year, SNN's share price fell about 9.4% from $32.50 to $25.84 as of Thursday’s market close.
In this article: SNN
3 Stocks To Buy Following Positive Earnings Results
Article By:
Derek Lewis
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Thursday, May 16, 2024 11:20 PM EDT
Total earnings for the S&P 500 members that have reported Q1 results are up +4.8% from the same period last year on +4.1% higher revenues. The earnings growth pace reflects an acceleration relative to other periods
WTI Extends The Rally Near $78.90, US Inflation Data Boosts Fed Rate Cut Expectations
Article By:
Lallalit Srijandorn
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Thursday, May 16, 2024 11:00 PM EDT
Western Texas Intermediate, the US crude oil benchmark, is trading around $78.90 on Friday. The black gold edges higher amid the recent drop in US crude inventories and the possible interest rate cuts by the Federal Reserve.
EUR/USD Slipped On Thursday After Greenback Pares Some Losses
Article By:
Joshua Gibson
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Thursday, May 16, 2024 10:20 PM EDT
EUR/USD eased slightly on Thursday, falling back below 1.0880 as the Greenback broadly recovers losses from earlier in the week.
Elliott Wave Technical Analysis: S&P 500/ASX 200 Indices
Article By:
Peter Mathers
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Thursday, May 16, 2024 10:11 PM EDT
The analysis highlights an impulsive mode, indicating that the market is currently in a strong directional movement.
In this article: SPX
Import Prices Surprise
Article By:
Menzie Chinn
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Thursday, May 16, 2024 10:00 PM EDT
Import prices ex-petroleum show an uptick, raising GS's PCE deflator estimate by 1 bp. Import prices from China track the dollar/yuan but exclude tariff costs. Exchange rate pass-through is low, suggesting full tariff pass-through.
AUD/USD Falls Amid Highs US Yields, Fed’s Tough Stance
Article By:
Christian Borjon Valencia
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Thursday, May 16, 2024 9:40 PM EDT
The Australian Dollar posted losses of 0.23% against the US Dollar on Thursday amid higher US yields that underpinned the Greenback during the day. Wall Street hit new all-time highs but retreated afterward, ending the session with losses.
Cooler Data Striking A Favourable Chord?
Article By:
Stephen Innes
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Thursday, May 16, 2024 9:20 PM EDT
Cooler inflation data and robust corporate earnings had initially supported the market's upward momentum. Perhaps we need some even cooler data to move the rate-cut needles for November or July.