Image Source: UnsplashCharts look great tonight, wow!We’re in the perfect location for a Bear Trap right now, but if we’re lucky… we’ll get this Slingshot Reversal instead!Emini and Nasdaq just pulled-back into the Bear Trap zone we spoke about last night…But one NEW CLUE on the charts tells me this Slingshot Reversal might be where the BIGGEST money is made tomorrow! E-Mini S&P (ES): Emini is bullish overall, and this strong breakout lower this afternoon tells us to look for a double-bottom reversal tomorrow morning! E-Mini Nasdaq (NQ): Nasdaq is bearish with a strong move down, but sitting on major support in an overall bull ...
Image Source: PixabayIn this video, Ira Epstein reviews the activity in the Financial Markets after the day that just ended, Tuesday, March 26.Video Length: 00:09:24More By This Author:SPDR ETF Report For Friday, March 22Financial Markets Report For Friday, March 22Metals Report For Friday, March 22...
Image Source: PexelsMARKETSOn Tuesday, U.S. stocks faced challenges as market participants grappled with reigniting the previous rally. Despite modest gains earlier in the session, major indexes such as the Dow and S&P 500 ended the day with their third consecutive decline. Investors remained cautious as they awaited economic data in a holiday-shortened week, seeking clues about the Federal Reserve’s future policy direction.Over the past five months, momentum driven by artificial intelligence (AI) and mega-cap stocks has propelled equities higher. However, investors seem to be pausing for breath over the last three days, following ...
TM Editors’ note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence.Image Source: UnsplashGerdau SA (GGB) produces steel and steel products. The company operates in civil construction, agriculture, automotive, iron ore, exports, research and development, and home steel products sectors.It offers products such as nails, rebar, columns, billets, slabs, tribar tutor, mechanical construction bars, and reinforced steel locks. The company’s geographical segments include: Brazil Operations; North America Operations; South America Operations as well as Special Stee...
Image Source: UnsplashStocks fell sharply in the final 10 minutes of trade when a massive sell imbalance was released.Video Length: 00:10:21More By This Author:Stocks Drop As Credit Spreads Start To Widen On March 25Stocks May Be In For A Wild Week Of Trading Starting On March 25, 2024Stocks May Struggle As The Liquidity Train Comes To The End...
Photo by Thomas Coker on Unsplash NZD/USD trades on a softer note near 0.6000 after retracing from a weekly top of nearly 0.6030 on Wednesday. The rate-cutting expectation and dovish comments from Fed officials exert some pressure on the US Dollar. The technical recession in New Zealand’s economy in Q4 2024 will leave ample space for RBNZ to cut the rate sooner than expected. Investors await the RBNZ’s Orr speech for fresh impetus. The NZD/USD pair remains on the defensive around 0.6000 despite the weaker US Dollar (USD) during Wednesday’s early Asian session. The ANZ Business Confidence will be due from the New Zealand dock...
Image Source: PixabayUpdated Analysis of Commodity Markets and Elliott Wave: In the realms of commodities, the US Dollar and 10-Year Treasury yields are anticipated to experience a slight increase, while bonds are projected to decline, finalizing Wave C of (B). For Gold and Silver, a downward correction is expected from their current peaks as part of Wave c), concluding this correction phase. Following this, a Classic TradingLevels pattern may present a favorable long trade opportunity.In the cryptocurrency sector, for Bitcoin and Dogecoin, it’s advised to adjust stop-loss orders to the break-even point. As these cryptocurrencies near ...
Image Source: Unsplash AUD/USD hovers at 0.6533, with US economic strength and upcoming PCE Price Index release setting the tone. Recent US durable goods orders exceed expectations, but consumer confidence dips slightly in the face of inflation concerns. As Fed officials express divergent views on rate cuts, market eyes turn to Australian CPI data for further direction. The Aussie Dollar remains flatlines against the US Dollar as Wednesday’s Asian session begins. On Tuesday, the AUD/USD pair, reached a daily high of 0.6559 before retreating 0.11%. At the time of writing, the pair trades at 0.6533 virtually unchanged.Aussie Dollar steadies ...
Image Source: UnsplashThe Zacks Research Daily presents the best research output of our analyst team. Today’s Research Daily features new research reports on 16 major stocks, including Blackstone Inc. (BX), Texas Instruments Incorporated (TXN), and BlackRock, Inc. (BLK). These research reports have been hand-picked from the roughly 70 reports published by our analyst team today. Blackstone shares have outperformed the Zacks Finance sector over the past year (+53.3% vs. +27.7%). The company’s strong revenue mix, global footprint, and solid assets under management (AUM) balance are expected to keep supporting its financials. Its robus...
This graphic illustrates the history of the U.S. federal minimum wage using data compiled by Statista, in both nominal and real (inflation-adjusted) terms. The federal minimum wage was raised to $7.25 per hour in July 2009, where it has remained ever since. Nominal vs. Real Value The data we used to create this graphic can be found in the table below. What our graphic shows is how inflation has eroded the real value of the U.S. minimum wage over time, despite nominal increases.For instance, consider the year 1960, when the federal minimum wage was $1 per hour. After accounting for inflation, this would be worth around $10.28 today!The ...