Three Big Fish That Got Away – Slope of Hope with Tim Knight
Below are three stocks that have these things in common: (a) I identified them all as bearish candidates when they were vastly more expensive (b) I bought puts on them…
Mexican Peso weakens as Banxico predicts deeper economic slowdown
Mexican Peso declines as Banxico cuts 2024, 2025 GDP forecast. Political unrest over judiciary reform and dismantling of autonomous bodies further pressures the Peso. Banxico sees inflation reaching 3{3da602ca2e5ba97d747a870ebcce8c95d74f6ad8c291505a4dfd45401c18df38} target…
Euro declines ahead of German inflation, US GDP
The euro is sharply lower on Wednesday. In the European session, EUR/USD is trading at 1.1116 at the time of writing, down 0.60{3da602ca2e5ba97d747a870ebcce8c95d74f6ad8c291505a4dfd45401c18df38} on the day. There are no tier-1…
Pre-Earnings Constipation – Slope of Hope with Tim Knight
Nvidia reports after the close tomorrow, and it’s basically perceived as The Most Important Earnings in the History of the World. At the moment, it seems to have achieved equilibrium.…
Dow Jones finds fresh record peaks despite slow-moving Monday
Dow Jones taps a new record high despite thin volumes. Moves in equities remain limited as investors recover from Fed splurge. Key US inflation data looms large at the end…
Markets Weekly Outlook – Powell Delivers with Nvidia Earnings, PCE Data Next
Fed Chair Powell signals policy adjustments are needed, emphasizing concerns about labor market weakness. The impact of Powell’s remarks on the FX space saw GBP/USD and EUR/USD reach new highs.…
The Relative Weakness – Slope of Hope with Tim Knight
I do not want you – – or me – – to lose sight of the big picture, in spite of the carnival which happened on Friday. You see, I…
Pound Sterling reaches highest level in over two years as Fed rate cut bets weigh on Dollar
The Pound Sterling buyers were unstoppable against the US Dollar amid a Fed-BoE policy divergence. GBP/USD eyes more gains as top-tier US economic data are set to dominate the week…
Japanese Yen Price Action Ideas: USD/JPY, EUR/JPY
The Japanese Yen has seen significant volatility in recent weeks, influenced by factors like US Dollar recovery and mixed Japanese economic data. USD/JPY shows potential for retesting the 150.00 level,…
They Forgot Slavery – Slope of Hope with Tim Knight
By Tim Knight – 21 minutes ago (21, Aug 2024 7:30:00 AM) They Forgot Slavery They Forgot Slavery In order to comment on this blog, you must have JavaScript installed…
Hope for ceasefire in the Middle East puts pressure on oil prices – Commerzbank
Oil prices have been under pressure since Friday, with prices falling by 5{3da602ca2e5ba97d747a870ebcce8c95d74f6ad8c291505a4dfd45401c18df38}. As a result, Brent fell to $77 per barrel in the morning and is now trading only…
New Zealand dollar extends gains as services index rises
The New Zealand dollar wrapped up a fourth consecutive winning week and is in positive territory on Monday. NZD/USD is trading at 0.6076, up 0.37{3da602ca2e5ba97d747a870ebcce8c95d74f6ad8c291505a4dfd45401c18df38} in the European session at…
Walmart Jaw-Dropper – Slope of Hope with Tim Knight
Folks like to joke about Walmart, with entire websites devoted to some of the customers there. In spite of all the guffaws, WMT has had a small measure of success,…
Ripple USD, CLO comments on likelihood of SEC appeal, partnership with SBI Digital Asset Holdings
Ripple CLO Stuart Alderoty believes the SEC is less likely to appeal the final ruling in the lawsuit. Ripple’s SVP of stablecoins recently spoke on the definition of the asset…
Euro edges higher, US dollar under pressure
The euro has edged higher on Friday. In the European session, EUR/USD is trading at 1.0994, up 0.21{3da602ca2e5ba97d747a870ebcce8c95d74f6ad8c291505a4dfd45401c18df38} on the day at the time of writing. The US dollar is…
Retail Strength – Slope of Hope with Tim Knight
The latest big economic report came out in the form of retail data, and core month over month results were four times stronger than predicted. Overall retail sales were +1{3da602ca2e5ba97d747a870ebcce8c95d74f6ad8c291505a4dfd45401c18df38}…
Bitcoin struggles around $60,000 as it fails to overcome critical resistance
Bitcoin price looks set for a downturn as it fails to overcome a key resistance level at around $62,000. Coinglass data shows that Bitcoin Spot ETFs recorded their second consecutive…
AUD/NZD: A dovish RBNZ may maintain Aussie outperformance over Kiwi
New Zealand’s core inflation trend has decelerated at a faster pace than Australia. RBNZ may use tomorrow’s monetary policy meeting to offer dovish guidance and bring forward its projected first…
Signs of Metal-Based Life – Slope of Hope with Tim Knight
Good morning, everyone, and welcome to a new trading week. Pre-market, it’s pretty much green across the board, with precious metals finally showing some signs of life. Silver was looking…
Arbitrum, Aptos, Starkware, SAND lead $220 million token unlocks next week
The crypto market will experience $220 million worth of token unlocks next week. ARB, APT, SAND, and STRK lead the unlocks with over $180 million combined unlocks. CYBER, ENA, and…