Recent data from the Department of Energy has revealed a concerning trend in crude oil inventories and production. With a reported increase of 7.30 million barrels last week, contrary to the anticipated decrease of 2.3 million barrels, the market is experiencing a surplus in supply. This surplus has been exacerbated by February’s surge in oil
Potential
The financial stability of small and regional banks in the United States is currently under scrutiny as many of them are facing significant stress. According to Christopher Wolfe, managing director at Fitch Ratings, there is a genuine concern that some of these banks may either fail or struggle to meet their minimum capital requirements. This
In the world of finance, it is crucial to recognize the importance of performing due diligence before making any investment decisions. The content provided on various websites, including news, personal analysis, and opinions, should be viewed as educational and research material only. It is not advisable to rely solely on this information when it comes
The Elliott Wave charts of Oil have been carefully analyzed in the members’ area of the website. The analysis indicates bullish sequences in the cycle from the 67.75 low, suggesting a favorable outlook for the long side. Traders are recommended to consider buying the dips in 3, 7, 11 swings when given the opportunity. However,
Gold prices have been trending lower in the short-term, approaching oversold territory. The bears in the market have been in control recently, pushing the price below key support levels like the resistance-turned-support trendline. The RSI and stochastic oscillator are showing signs of stabilization near previous lows, indicating that excessive bearish action may lead to a
The technical blog discussed the past performance of the 1-hour Elliott Wave Charts of Nikkei. It highlighted the rally from the 08 March 2022 low, which unfolded as an impulse structure, indicating a bullish sequence. The article suggested that the index should see further upside extension to complete the impulse sequence, advising members not to
Australia’s banking sector is facing challenges that could lead to weaker first-half profits for the country’s biggest banks. Operating costs and competition for mortgage and deposit sales are putting pressure on margins, potentially reversing the stock rally that has propelled the sector in recent years. Traditionally, rising interest rates have benefited Australia’s largest banks. However,
The unexpected rise in Crude oil stockpiles in the United States has caused Western Texas Intermediate (WTI), the US crude oil benchmark, to trade in negative territory for the fourth consecutive day near $80.80. This increase in inventories has put downward pressure on WTI prices, with traders reacting to the 4.906 million barrel build compared
In the world of investing, volatility in the market can be a significant source of concern for investors. To address this issue, a new exchange-traded fund (ETF) has been introduced – the Calamos S&P 500 Structured Alt Protection ETF (CPSM). This ETF promises investors “100% downside protection” against losses in the S&P 500 over a
The recent volatility in the bond market has been a cause of concern for equity investors, raising questions about how rising yields will affect stocks in the year 2024. According to Goldman Sachs, the key threshold to watch out for is 5% on the 10-year Treasury yield. In a comprehensive 19-page report analyzing market data
The recent decline in silver prices by 2.6% on Tuesday to $26.4 per ounce has created a stir in the market. This downward trend follows a failed attempt to break above $30 per ounce on 7 April. The subsequent sideways consolidation without significant bounces has raised concerns about the future direction of silver prices. The
The Eurozone preliminary core CPI rate for April has continued to decrease, indicating a slow pace of inflationary pressure. This trend, along with the widening spread between 2-year and 10-year Eurozone sovereign bonds and US Treasuries, suggests a potential medium to long-term bearish trend on the EUR/USD. The key resistance level to watch is at
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