• U.S. trade deficit widens for third straight month in February

    The U.S. international trade deficit widened 1.9% in February to a seasonally adjusted $68.9 billion, the Commerce Department said Thursday. It is the third straight month with a wider deficit and the largest imbalance since last April.
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    [mwai_chat context=”Let’s have a discussion about this article:nnThe U.S. international trade deficit widened 1.9% in February to a seasonally adjusted $68.9 billion, the Commerce Department said Thurs
  • Bitcoin’s price stable after fourth ‘halving’. Here’s what investors need to know.

    Bitcoin’s latest “halving” — the fourth in the cryptocurrency’s history — is now complete. And while the token’s prices are off their highs from earlier in the day, there doesn’t seem to be much of a reaction — at least, not yet.
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    [mwai_chat context=”Let’s have a discussion about this article:nnBitcoin’s latest “halving” — the fourth in the cryptocurrency&rsq
  • P&G’s stock falls after a sales miss, as baby and health-care volumes declined

    Shares of Procter & Gamble Co. slipped Friday, after the consumer packaged-goods company reported fiscal third-quarter sales that came up short of forecasts, amid weakness in the segment encompassing baby, feminine and family-care products.
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    [mwai_chat context=”Let’s have a discussion about this article:nnShares of Procter & Gamble Co. slipped Friday, after the consumer packaged-goods company reported fiscal third-quarter&
  • Cinemark poised to reap the benefits of a better box office, says Wedbush, raising price target and estimates

    Cinemark Holdings Inc. is well positioned for an improved box office as the movie theater industry recovers from the effects of last year’s Hollywood writers’ and actors’ strikes, according to analyst firm Wedbush.
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    [mwai_chat context=”Let’s have a discussion about this article:nnCinemark Holdings Inc. is well positioned for an improved box office as the movie theater industry recovers from the effects of last year&rs
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  • Trump Media’s ‘DJT’ stock rises again after plea to stop ‘naked’ short selling

    Trump Media & Technology’s stock rallied Friday and was headed for a third straight gain after the parent company of Donald Trump’s social-media platform Truth Social asked regulators to look into potential illegal selling activity.
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    [mwai_chat context=”Let’s have a discussion about this article:nnTrump Media & Technology’s stock rallied Friday and was headed for a third straight gain after the parent company
  • P&G’s stock falls after sales miss, as baby and health-care volumes declined

    Shares of Procter & Gamble Co. slipped Friday, after the consumer packaged-goods company reported fiscal third-quarter sales that came up short of forecasts, amid weakness in the segment encompassing baby, feminine and family-care products.
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    [mwai_chat context=”Let’s have a discussion about this article:nnShares of Procter & Gamble Co. slipped Friday, after the consumer packaged-goods company reported fiscal third-quarter&
  • XAUUSD: Elliott wave analysis and forecast for 19.04.24 – 26.04.24

    XAUUSD: Elliott wave analysis and forecast for 19.04.24 – 26.04.24
    Main scenario: consider long positions from corrections above the level of 2324.77 with a target of 2450.00 – 2500.00.Alternative scenario: breakout and consolidation below the level of 2324.77 will allow the pair to continue declining to the levels of 2154.83 – 2019.86.Analysis: a descending correction appears to have formed as the fourth wave (4) of larger degree on the daily chart. The fifth wave (5) is unfolding, with first wave 3 of (5) forming as its part. Apparently, the third
  • WTI Crude Oil: Elliott wave analysis and forecast for 19.04.24 – 26.04.24

    WTI Crude Oil: Elliott wave analysis and forecast for 19.04.24 – 26.04.24
    Main scenario: consider long positions from corrections above the level of 80.60 with a target of 94.00 – 100.00.Alternative scenario: breakout and consolidation below the level of 80.60 will allow the asset to continue declining to the levels of 76.50 – 71.00.Analysis: supposedly, a downward correction is completed as second wave of larger degree (2) on the daily chart. The ascending third wave (3) started forming, with wave 1 of (3) developing as its part. On the H4 time frame, the
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  • USDJPY: Elliott wave analysis and forecast for 19.04.24 – 26.04.24

    USDJPY: Elliott wave analysis and forecast for 19.04.24 – 26.04.24
    Main scenario: consider long positions from corrections above the level of 152.54 with a target of 157.00 – 160.00. Alternative scenario: breakout and consolidation below the level of 152.54 will allow the pair to continue declining to the levels of 150.05 – 148.46. Analysis: an ascending wave of larger degree C continues forming on the daily chart, with fifth wave (5) of C unfolding as its part. The third wave 3 of (5) is unfolding on the H4 time frame, with first wave of
  • Pound will disobey politicians. Forecast as of 19.04.2024

    Pound will disobey politicians. Forecast as of 19.04.2024
    If the BoE started cutting rates ahead of the parliamentary elections in Great Britain, it would be accused of supporting the party in power. However, the central bank's independence allows it to think for itself. Let’s discuss that and make a trading plan for GBPUSD.Weekly fundamental forecast for pound sterlingWhile the Fed has changed its mind for the second time in less than six months, the Bank of England says everything is going as planned. Jerome Powell believes monetary policy shou
  • GBPUSD: Elliott wave analysis and forecast for 19.04.24 – 26.04.24

    GBPUSD: Elliott wave analysis and forecast for 19.04.24 – 26.04.24
    Main scenario: consider long positions above the level of 1.2332 with a target of 1.3000 – 1.3200 once a correction is formed.Alternative scenario: breakout and consolidation below the level of 1.2332 will allow the pair to continue declining to the levels of 1.2220 – 1.2034.Analysis: the first wave of larger degree (1) is presumably formed, a correction developed as second wave (2), and the ascending third wave (3) started unfolding on the daily chart. On the H4 chart, wave 1 of (3)
  • EURUSD: Elliott wave analysis and forecast for 19.04.24 – 26.04.24

    EURUSD: Elliott wave analysis and forecast for 19.04.24 – 26.04.24
    Main scenario: consider long positions from corrections above the level of 1.0600 with a target of 1.1141 – 1.1350.Alternative scenario: breakout and consolidation below the level of 1.0600 will allow the pair to continue declining to the levels of 1.0437 – 1.0218.Analysis: a bearish wave of larger degree A is presumably completed on the daily chart. A bullish wave B started unfolding, with first wave 1 of (A) of B and corrective second wave 2 of (A) of B formed within. Apparently, t
  • USDCHF: Elliott wave analysis and forecast for 19.04.24 – 26.04.24

    USDCHF: Elliott wave analysis and forecast for 19.04.24 – 26.04.24
    Main scenario: consider short positions from corrections below the level of 0.9235 with a target of 0.8325 – 0.8050. Alternative scenario: breakout and consolidation above the level of 0.9235 will allow the pair to continue rising to the levels of 0.9451 – 0.9838.Analysis: the downside fifth wave of larger degree (5) is presumably unfolding on the daily time frame. As its part, wave 1 of (5) is formed, a bullish correction is completed as second wave 2 of (5), and the third wave
  • Treasury yields drop in muted flight to quality after Israel retaliation

    U.S. bond yields fell on Friday in a modest flight to quality in choppy trading after Israel retaliated against Iran for its attack last weekend, but didn’t strike nuclear facilities.
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    [mwai_chat context=”Let’s have a discussion about this article:nnU.S. bond yields fell on Friday in a modest flight to quality in choppy trading after Israel retaliated against Iran for its attack last weekend, but didn’t strike nuclear facil
  • USDCAD: Elliott wave analysis and forecast for 19.04.24 – 26.04.24

    USDCAD: Elliott wave analysis and forecast for 19.04.24 – 26.04.24
    Main scenario: consider long positions from corrections above the level of 1.3657 with a target of 1.4000 – 1.4200. Alternative scenario: breakout and consolidation below the level of 1.3657 will allow the pair to continue declining to the levels of 1.3418 – 1.3170.Analysis: the ascending first wave of larger degree (1) continues developing on the daily time frame, with wave 5 of (1) forming as its part. The third wave of smaller degree iii of 5 is developing on the H4 chart, wi
  • Oil advances but off session highs after Israel retaliation avoids Iran’s nuclear facilities

    Oil prices were modestly higher on Friday, following price spikes earlier after Iran fired defenses in military bases in response to drones in the air, suspected to be Israel’s.
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    [mwai_chat context=”Let’s have a discussion about this article:nnOil prices were modestly higher on Friday, following price spikes earlier after Iran fired defenses in military bases in response to drones in the air, suspected to be Israel’s.nnDisc
  • Short-term analysis for BTCUSD, XRPUSD, and ETHUSD for 19.04.2024

    Short-term analysis for BTCUSD, XRPUSD, and ETHUSD for 19.04.2024
    I welcome my readers!I have prepared a short-term cryptocurrency forecast based on the Elliott wave analysis of Bitcoin, Ripple, and Ethereum. I offer entry signals to trade each cryptocurrency.Elliott wave Bitcoin analysisThe BTCUSD market is forming a flat A-B-C. Waves A-B have completed. The final wave C is developing as a bearish impulse, with sub-waves [1]-[2]-[3] completed and correction [4] developing inside. The price could go up to a level of 66723.00, wher
  • Israel downgraded by S&P Global just ahead of retaliatory attack on Iran

    S&P dropped Israel’s sovereign credit rating by one notch to A+ from AA-, with the outlook negative, hours before signs of fresh tensions between that country and Iran.
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    [mwai_chat context=”Let’s have a discussion about this article:nnS&P dropped Israel’s sovereign credit rating by one notch to A+ from AA-, with the outlook negative, hours before signs of fresh tensions between that country and Iran.nnDiscussion:nn&
  • Short-term analysis for oil, gold, and EURUSD for 19.04.2024

    Short-term analysis for oil, gold, and EURUSD for 19.04.2024
    I welcome my fellow traders! I have made a price forecast for the USCrude, XAUUSD, and EURUSD using a combination of margin zones methodology and technical analysis. Based on the market analysis, I suggest entry signals for intraday traders.The euro continues its short-term downward trend.Oil price forecast for today: USCrude analysisOil rebounded from support (B) 82.06 - 81.57. This area offers the border of the short-term uptrend. The first bullish target was reached at 84.02. The next target
  • Dollar restores uptrend. Forecast as of 19.04.2024

    Dollar restores uptrend. Forecast as of 19.04.2024
    Growing geopolitical tensions in the Middle East and different views of the Fed and the ECB on monetary policy. Furthermore, the oil trend supports the EURUSD bears. Let us discuss the Forex outlook and make up a trading plan.Weekly US dollar fundamental forecastNews that Israel warned the US of impending retaliation against Iran inflated demand for safe-haven assets. This, in addition to hawkish comments by FOMC officials, set back the EURUSD bulls. The major currency pair has resumed the downt
  • Oil prices jump, U.S. stock futures sink on reports of explosions heard in Iran

    Crude oil prices jumped and U.S. stock futures sank Thursday night following reports of explosions in a city in western Iran, amid fears of a wider conflict between Israel and Iran.
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    [mwai_chat context=”Let’s have a discussion about this article:nnCrude oil prices jumped and U.S. stock futures sank Thursday night following reports of explosions in a city in western Iran, amid fears of a wider conflict between Israel and Iran.nnDiscussi
  • Nordstrom confirms it’s looking to go private, with founding family interested in deal

    Nordstrom Inc. has formed a special committee of independent directors to explore going private, the company said on Thursday — a move that arrives as clothing retailers struggle with subdued demand and pressure from investors for stronger profits.
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    [mwai_chat context=”Let’s have a discussion about this article:nnNordstrom Inc. has formed a special committee of independent directors to explore going private, the company said on T
  • KB Home board authorizes $1 billion stock buyback, raises dividend by 25%

    KB Home’s board has authorized the repurchase of up to $1 billion in shares and raised the company’s quarterly dividend to 25 cents a share from 20 cents.
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    [mwai_chat context=”Let’s have a discussion about this article:nnKB Home’s board has authorized the repurchase of up to $1 billion in shares and raised the company’s quarterly dividend to 25 cents a share from 20 cents.nnDiscussion:nn” ai_name=”Ro
  • This major bond ETF is getting ‘hammered’ as investors brace for rate-cut delays

    In the bruised bond market, some investors may be tempted by higher yields as questions swirl around when — and whether — the Federal Reserve may start cutting interest rates this year.
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    [mwai_chat context=”Let’s have a discussion about this article:nnIn the bruised bond market, some investors may be tempted by higher yields as questions swirl around when — and whether — the Federal Reserve may start cutting int
  • June Fed rate-hike risk looms as U.S. labor market stays strong

    The once-unthinkable scenario of no interest-rate cuts by the Federal Reserve in 2024 is now giving way to another possibility: a slight chance of a quarter-point rate hike by June.
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    [mwai_chat context=”Let’s have a discussion about this article:nnThe once-unthinkable scenario of no interest-rate cuts by the Federal Reserve in 2024 is now giving way to another possibility: a slight chance of a quarter-point rate hike by June.nnDiscussi
  • 2-year Treasury yield rises to edge of 5% after weekly jobless claims, Philadelphia Fed factory gauge

    A selloff in U.S. government debt picked up momentum during Thursday’s session after U.S. data pointed to continued strength in the labor market and improved conditions in regional factory activity.
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    [mwai_chat context=”Let’s have a discussion about this article:nnA selloff in U.S. government debt picked up momentum during Thursday’s session after U.S. data pointed to continued strength in the labor market and improved cond
  • What is Crypto Mining and How Does it Work?

    What is Crypto Mining and How Does it Work?
    Between 2019 and 2021, mining became such a popular phenomenon among crypto fans that it resulted in a multiple increase in the demand for GPUs (graphics processing units). Back then, many crypto enthusiasts wanted to own their own mining farm. By 2024, the hype for digital mining had decreased significantly. However, profitable mining is still possible, and the potential income from mining will exceed the cost of electricity. Although the gold rush has passed, issuing tokens can still be succes
  • WiSA sells stock at a more than 60% discount after its recent rocket ride

    WiSA Technologies’ stock was among the biggest decliners listed on the Nasdaq, but that registered as only a minor pullback following a fivefold rocket ride over the previous two sessions.
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    [mwai_chat context=”Let’s have a discussion about this article:nnWiSA Technologies’ stock was among the biggest decliners listed on the Nasdaq, but that registered as only a minor pullback following a fivefold rocket ride over the previo
  • Jobless claims flat at 212,000 and still show no sign of rising layoffs

    The number of Americans who applied for unemployment benefits last week was unchanged at 212,000,reflecting a surprisingly resilient labor market in which layoffs and unemployment are very low.
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    [mwai_chat context=”Let’s have a discussion about this article:nnThe number of Americans who applied for unemployment benefits last week was unchanged at 212,000,reflecting a surprisingly resilient labor market in which layoffs and unemployment
  • Tesla shareholders shouldn’t be fooled again on Elon Musk’s pay package

    Tesla Inc. shareholders have the opportunity to send a message to Chief Executive Elon Musk and his compromised board of directors by voting against Musk’s self-designed pay package.
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    [mwai_chat context=”Let’s have a discussion about this article:nnTesla Inc. shareholders have the opportunity to send a message to Chief Executive Elon Musk and his compromised board of directors by voting against Musk’s self-designed pay pack

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