Content
2008 And 2022 All Over Again? Gold, Stocks, USDX
Article By:
Przemyslaw Radomski, CFA
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Wednesday, May 8, 2024 1:52 PM EDT
As gold continues to move back and forth in the same trading range, I decided to dedicate today’s analysis to something different.
Oil Prices Are Rising Amid Rumors Of Increased Production By OEPC Countries
Article By:
JustMarkets
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Wednesday, May 8, 2024 8:44 AM EDT
European Indices also grow amid "dovish" position of the ECB. The US stock indices traded mixed on Tuesday. The Dow Jones Index (US30) rose by 0.08%, while the S&P 500 Index (US500) gained 0.13%.
Crude Oil Commentary - Wednesday, May 8
Article By:
James Harte
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Wednesday, May 8, 2024 8:35 AM EDT
Oil prices are continuing to trade lower through the middle of the week, despite ongoing uncertainty over Israeli military operations in Rafah. Reports that ceasefire talks have resumed are keeping optimism alive for now.
In this article: UCO
Wheat Commodity Elliott Wave Technical Analysis
Article By:
Peter Mathers
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Wednesday, May 8, 2024 7:37 AM EDT
We can confirm that the recovery from 523’6 is an impulse for (A). We should see a further extension to the 661’4-703’2 Fibonacci zone where wave (B) might begin. Not much has changed since the previous update.
In this article: WEAT
Copper Market Commentary - Wednesday, May 8
Article By:
James Harte
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Wednesday, May 8, 2024 7:15 AM EDT
Copper prices have come under heavy selling pressure on Wednesday with the futures market down almost 2% on the session so far.
In this article: COPX
Market Briefing For Wednesday, May 8
Article By:
Gene Inger
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Wednesday, May 8, 2024 7:06 AM EDT
At the moment Israel has control of the Gaza-Egypt crossing; and while likely wishful thinking, what a perfect place to exfiltrate Hamas to later travel to any of their backward allies;
AgMaster Report - Tuesday, May 7
Article By:
Bill Moore
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Tuesday, May 7, 2024 4:11 PM EDT
June Hogs have been a virtual “train wreck” the past 2 weeks dropping $10 (108-98) due to several factors.
Grains Report - Tuesday, May 7
Article By:
Jack Scoville
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Tuesday, May 7, 2024 1:50 PM EDT
Rice closed lower in old crop months yesterday, but higher in new crop months as spreads got adjusted. The futures market overall remained in a short term trading range.
Softs Report - Tuesday, May 7
Article By:
Jack Scoville
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Tuesday, May 7, 2024 11:52 AM EDT
Cotton was lower and trends are mixed in the market. Demand remains a problem.
In this article: CANE
Consolidating And Eating Supply
Article By:
Monica Kingsley
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Tuesday, May 7, 2024 10:33 AM EDT
S&P 500 made a very shallow premarket correction, 2y yield refused retreating, but it were cyclicals and semiconductors that pulled the 500-strong index up yesterday, completing the bullish turn on suppressed NFPs and dovish Powell.
URA Commodity Elliott Wave Technical Analysis - Tuesday, May 7
Article By:
Peter Mathers
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Tuesday, May 7, 2024 10:07 AM EDT
The blue wave 4 triangle has been completed with confirmation above wave (B) high. Wave ‘5’ appears to have begun. Invalidation is now at wave (E) low. Price may retest toward the 30 major level before blue wave ’5’ continues.
In this article: URA
Analytical Overview Of The Main Currency Pairs - Tuesday, May 7
Article By:
JustMarkets
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Tuesday, May 7, 2024 8:22 AM EDT
The euro posted modest gains on Monday, just below the 3-week high reached last Friday. Some positive economic news supported the euro after the May Eurozone Sentix Investor Confidence Index rose more than expected to a 2-year high.
Could Chinese Gold Be The Straw That Breaks The Dollar's Back?
Article By:
Stefan Gleason
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Tuesday, May 7, 2024 5:23 AM EDT
The biggest problem is U.S. government borrowing and spending. Uncle Sam runs massive deficits every single month, requiring the Treasury to borrow more and more. The national debt has ballooned to $35.5 trillion and continues to rapidly increase.
