Upon analyzing the daily chart of the VanEck Semiconductor ETF (SMH), it is evident that the function is trending with an impulsive mode and motive structure. The position of Minor wave 5 indicates an upside movement in the near future. This analysis highlights the potential for a wave {iv} of 5 to initiate a sideways
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The US economy saw a significant slowdown in growth during Q1 2024, with an expansion rate of only 1.3% compared to 3.4% in the previous quarter. In addition, initial jobless claims are expected to rise slightly from 215k to 218k by the end of May. These numbers indicate a potential shift in economic momentum, which
The recent rise in U.S. and global bond yields is causing turmoil in Asian markets, with investors feeling the effects of a strengthening dollar and tighter financial conditions. The lack of significant economic data and events in Asia on Thursday has left market participants to contemplate the implications of this trend, leading to a decline
Renowned short seller Jim Chanos has vehemently denied the accusations brought against him in a recent lawsuit. He referred to the claims as “false, baseless and defamatory” in a statement given to CNBC. The lawsuit, filed by Conlon Holdings, a Chicago-based firm headed by Sean Conlon, alleged that Chanos had used his company as a
The outlook for British home prices is a topic of much discussion among housing market specialists. According to a recent poll conducted by Reuters, experts anticipate a modest rise in home prices this year. The projected 1.8% increase for 2024 is expected to outpace overall inflation, indicating a positive trend in the housing market. This
The preliminary data on inflation in three German states in May indicates some interesting trends. While the inflation rate increased in North Rhine-Westphalia, Bavaria, and Saxony, it declined in Brandenburg. This mixed picture suggests that there are regional variations in price growth within the country. It will be crucial to monitor the national inflation data
While clean energy stocks may be facing challenges in the public market, the private market is showing a great appetite for companies focused on decarbonization. Clean Energy Ventures recently raised $305 million for its second fund, exceeding the initial target of $200 million. Limited partners like The Grantham Foundation and Builders Vision showed strong interest,
The recent release of Australian economic data has had a notable impact on the AUD/USD pair, pushing it up to 0.6650. The consumer price index (CPI) in Australia accelerated to 3.6% year-on-year in April, showing a slight increase from the previous month. This rise in inflation has raised questions about the Reserve Bank of Australia’s
The silver price continues to climb, reaching $32.25 in the European session with a 0.50% increase. This upward trend is largely attributed to the rising industrial demand for silver, particularly in sectors such as photovoltaics. The Silver Institute projects a 9% increase in industrial demand for silver, indicating a positive outlook for the white metal.
The price of gold has been steadily climbing, reaching 2351.00 USD per troy ounce recently. This increase comes after a period of stagnant movement, signaling a resurgence in interest from investors. One of the main reasons for this surge in gold prices is the weakening of the US dollar. Investors are eagerly awaiting the release
The recent acceleration of trading processes on Wall Street has brought about the implementation of a T+1 settlement cycle. This new settlement process requires trades of stocks and other securities to be settled by the end of the next business day. This is a significant change from the previous T+2 settlement cycle, which allowed for
The recent rise in the price of WTI crude oil, as indicated by the chart, can be attributed to several key factors. Firstly, the upcoming OPEC+ meeting scheduled for 2 June has created a sense of optimism among investors. Additionally, expectations of high fuel demand due to the start of the summer driving season and