The recent drop in Brent crude oil prices to $83.95 per barrel has been attributed to the increase in crude oil inventories and production in the United States. The Department of Energy reported a rise of 7.30 million barrels in inventories, contrary to the predicted decrease of 2.3 million barrels. This unexpected surge in supply
The Federal Reserve recently made the decision to hold its ground on interest rates, choosing not to cut rates despite facing increasing challenges with inflation. This decision comes as the U.S. central bank continues to grapple with inflation that has proven to be more troublesome in recent times. The federal funds rate has been at
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The landscape for small and regional banks in the U.S. is becoming increasingly challenging. According to Christopher Wolfe, managing director at Fitch Ratings, many banks are at risk of failing or falling below their required capital levels. A recent analysis by Klaros Group revealed that 282 banks are particularly vulnerable due to their exposure to
As we delve into the Elliott Wave charts of Oil, we can observe bullish sequences in the cycle from the 67.75 low. This indicates a favorable outlook towards the long side, encouraging members to seek buying opportunities in 3, 7, and 11 swings. However, a cautionary note emerges from the short-term cycle following the April
The decline in U.S. stock index futures on Wednesday was largely attributed to downbeat results in chip stocks. Advanced Micro Devices (AMD) saw a 6.3% drop in premarket trading due to disappointing forecast for AI chip sales, while Super Micro Computer (SMCI) reported third-quarter revenue below estimates, leading to a 9.1% decline in its stock.
Gold has been experiencing a downward trend in the short-term, hovering near oversold territory. Tuesday saw gold bears taking control, pushing the price below the resistance-turned-support trendline. This decline brought the price closer to the 200-period exponential moving average (EMA) in the four-hour chart, currently standing at 2,280. Technical indicators such as the Relative Strength
The Western Texas Intermediate (WTI) crude oil benchmark has been experiencing a downward trend, hovering around $80.80 on Wednesday. This decline can be attributed to the unexpected build-up of crude oil stockpiles in the United States. In the week ending April 26, crude oil inventories in the US rose by 4.906 million barrels, contrary to
Investors looking to shield themselves from market volatility now have a new option available to them. The Calamos S&P 500 Structured Alt Protection ETF (CPSM) promises “100% downside protection” against losses in the index over a one-year period. This innovative approach has grabbed the attention of many in the investment community. The head of ETFs
The past performance of the 1-hour Elliott Wave Charts of Nikkei has been analyzed by experts at elliottwave-forecast. The rally from the 08 March 2022 low unfolded as an impulse structure, indicating a bullish sequence. Members were advised not to sell the index, but rather to buy the dips in 3, 7, or 11 swings
Australia’s biggest banks are facing a challenging first half of the year, with weaker profit forecasts on the horizon. High operating costs and intense competition in the mortgage and deposit markets are putting pressure on margins, leading to a possible reversal of the recent stock rally that analysts have described as overheated. Traditionally, the Big