The recent drop in Brent crude oil prices to $83.95 per barrel reflects a downward trend over the past seven weeks. This decline can be attributed to the increase in crude oil inventories and production in the United States. Contrary to forecasts, the Department of Energy reported a rise of 7.30 million barrels in inventories
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In a recent decision, the Federal Reserve chose to keep its benchmark interest rates unchanged, sticking to a targeted range of 5.25%-5%. This decision comes at a time when the Federal Reserve is facing challenges related to rising inflation. The central bank had initially set the rates at this level in July 2023, marking the
When it comes to making financial decisions, it is crucial to perform thorough due diligence. The content provided on various websites, including analysis, opinions, and information from third parties, should not be taken as direct recommendations. It is essential to consult with knowledgeable advisors and apply your own discretion before making any investments. One of
As the economic landscape shifts, hundreds of small and regional banks in the United States are experiencing a sense of financial strain. According to Christopher Wolfe from Fitch Ratings, these banks are facing the possibility of not meeting their minimum capital requirements, which could lead to detrimental consequences. The analysis conducted by the Klaros Group
As we examine the Elliott Wave charts of Oil recently published, it is evident that the commodity is displaying bullish sequences in the cycle from its recent low of 67.75. This indicates a favorable outlook for traders who are considering the long side of the market. It has been recommended for members to take advantage
The U.S. stock index futures took a hit as chip stocks faced downbeat results in premarket trading. Advanced Micro Devices (AMD) saw a decrease of 6.3% after its forecast for AI chip sales failed to meet investor expectations. Similarly, Super Micro Computer (SMCI) lost 9.1% as the artificial intelligence server maker reported third-quarter revenue below
The recent movement in the gold market has shown a bearish trend, with prices falling below key support levels and approaching oversold territory. The Relative Strength Index (RSI) and stochastic oscillator both indicate a stabilization in their downtrend, suggesting the possibility of a reversal in the near future. However, the negative trend is still prevalent,
Australia’s biggest banks are facing a challenging first half of the year, with expectations of weaker profits on the horizon. High operating costs and intense competition in the mortgage and deposit sector are squeezing margins, leading to a possible reversal of the stock rally that has been observed in the sector. Traditionally, the Big Four
The unexpected build in crude oil stockpiles in the United States has resulted in Western Texas Intermediate (WTI) prices trading in negative territory for the fourth consecutive day, hovering around $80.80 on Wednesday. This downward trend is a cause for concern among traders and investors as it indicates a potential oversupply in the market. While
Upon analyzing the 1-hour Elliott Wave Charts of Nikkei, it is evident that there was a bullish sequence in the rally from the 08 March 2022 low. This structure unfolded as an impulse, indicating a potential for more upside extension to complete the sequence. Members were advised against selling the index and instead encouraged to
It was a mixed bag for companies reporting their earnings after hours, with Amazon leading the pack. The e-commerce giant posted earnings of 98 cents per share, beating analysts’ expectations. Despite a strong performance in both the advertising and Amazon Web Services segments, the company fell short of revenue forecast for the second quarter, causing
A new Exchange-Traded Fund (ETF) known as the Calamos S&P 500 Structured Alt Protection ETF (CPSM) has recently been introduced to provide investors with a shield against market volatility. This new product, developed by Calamos, offers “100% downside protection” against losses in the S&P 500 over a one-year outcome period. Calamos’ head of ETFs, Matt