Natural gas on the Nymex had a very volatile week before closing 3% lower than the previous one at $1.92. EIA reported on Thursday a build of 92 Bcf in working underground stocks. Total inventory is currently at 2,425 bcf, 22.1% higher y/y, 37% above the 5-year average. Both percentages are beginning to appear at a descending at the start of this new injection season.PexelsWe have started our buying operations ahead of the winter Call options. We believe that the floor was at recent $1.50 – $1.70s. We like to buy any dip coming our way as we believe that the market will soon test the $2.30 resistance. The seasonal break-out will occur r...
Equity bulls are at a crossroads amid the significant recalibration of expectations across the US rates landscape prompting a reevaluation of their outlook and strategy in navigating the evolving market dynamics. Unsplash Last week, global equity markets received a much-needed boost from strong corporate earnings, providing relief amidst persistently high inflation readings. The uptick in the three-month annualized trend for the U.S. core PCE deflator to 4.4% in March will keep policymakers vigilant, dampening hopes for imminent rate relief.Despite the potential for a more alarming inflation report, the market response to the latest persona...
Data by Gallup shows that Americans’ views of China have continued to worsen after 2018. Unsplash The deterioration started with the U.S.-China trade war under President Donald Trump, continued during the coronavirus pandemic that originated in China and has recently taken on yet another dimension among concerns about widespread Chinese tech and industrial espionage and subversion as well as continued human rights abuses and tension surrounding Taiwan.As Statista’s Katharina Buchholz details below, among American adults in 2024, unfavorable views of China were voiced by 77 percent of respondents after having reached a hig...
Last week the WSJ published an interesting chart, reproduced below. It was in an article ominously titled America’s Economy Is No. 1. That Means Trouble. The chart shows that US share of global GDP has been increasing for over a decade. We’ve gone from 21% in 2011 to 26% this year. Pexels It’s an amazing performance. A consistent theme since World War II has been the US gradually shrinking its share of the global economy. This was inevitable as emerging economies such as China and India opened up to trade and deregulated their economies.Military strength goes with economic size. This trend implied that the US would need to confron...
Pexels The GBP/USD begun last week by hitting a five month low, but then started to battle its ways upwards and went into this weekend having produced rather polite climb. The GBP/USD will begin trading this week near the 1.24880 ratio, which is an accomplishment considering the currency pair touched a low around 1.22970 on Monday the 22nd of April. The downwards selling in the GBP/USD continued early last Monday, but then a reversal upwards started to be seen. Even as the U.S continued to produce rather mixed economic data the entirety of last week, the GBP/USD produced a rather incremental move higher. The lows last week had last been ...
With all the news flying around, we have found incredible confidence in our trading strategies by following the technical picture. This is the fourth week I have covered Economic Modern Family as my weekend update.And the Family has done its job.From 4 weeks ago when Granny Retail and Granddad Russell sold off hard after failing to take out the weekly channel highs-ToThe week prior when both held key weekly moving averages-ToThis past week when Sister Semiconductors after Google and Microsoft earnings, took the lead again as the only member to clear back through the weekly channel lows.The Family got us cautious, prepared us for a correc...
The Beijing Auto Show was successfully held and Lei Jun attended the event, since its release, the Xiaomi EV car has accumulated a total of about 75,600 orders locked, of which 5,700 vehicles have been successfully delivered. Image via Equal Ocean Lei Jun also made a solemn commitment to deliver 100,000 millet cars this year and aspires to strive to become the world’s top five automakers in the next 15 to 20 years.In the video he posted, Lei Jun confessed, “The past 28 days have been like a dream, and I admit I’m a little incredulous that this is real. And, when everyone looks at you with a magnifying glass, every problem bec...
IntroductionThe perception of millennials as “dumb” and “lazy” has been a popular topic in media and scholarly discussions. Pixabay Critics like Mark Bauerlein, in his book “The Dumbest Generation,” argue that millennials’ intellectual capacities and work ethics are compromised by their deep immersion in digital technology and a culture of instant gratification. This essay explores these claims by examining various aspects of millennial behavior and attitudes supported by factual data and expert opinions. Deterioration of Deep Learning and Cognitive Skills in the Digital AgeIntegrating digital technology into daily life has...
The bullish predictions for the XRP price are back, even with the bulls struggling to push the crypto on a price surge. EGRAG, a cryptocurrency expert, has made one of these positive forecasts, which is that there will be a price spike of tremendous magnitude. According to the analyst’s recent post on social media, Ripple (XRP-X) could reach the $4 price level over the long term. Unsplash Crypto Analyst Predicts 700% Bullish XRP Price ActionXRP has experienced a small decline in value over the past few days as the entire crypto market consolidates in price action. XRP’s price movement this year has largely left many of its fer...
Unsplash WTI Crude Oil finished last week’s trading within the stronger part of its weekly technical chart and may remain a speculative favorite in the coming days. WTI Crude Oil finished the week of trading near the 83.640 level, this after attaining a high earlier on Friday near the 84.450 mark. The commodity started last week within lower realms below the 82.000 level and saw its greatest depth on Monday the 22nd of April around the 80.700 vicinity. For all the talk about the conflict in the Middle East the prior two weeks, traders seemed to be able to focus on speculative supply and demand consequences in WTI Crude Oil. While the...