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IFF

Food Additive Giants: Macro Fib SchematicsThese food additive companies manufacture agricultural ingrediants and additives that nakes its way to prodcust in grocery stores. Archer Daniels Midlands Co, Bunge Limited, International Flavors & Fragrances, Ingredion Inc, DuPont De Nemours, LyondellBasell Industries, Kerry Group, and Givauden are arguably the largest in this type of category. These companies pump out things that humans consume and some argue that much of it is not healthy which is a different topic. These Fibonacci Schematics are not great but they are good enough. Sloppy, but I would like to see someone do it better without excluding any important levels...
NYSE:BG
by MichaelBsul
Global debt hits record $307 trillion, debt ratios climb -IIFGlobal debt reached a record high of $307 trillion in the second quarter, despite higher interest rates limiting bank lending. The United States and Japan were the main drivers of this increase, according to the Institute of International Finance (IIF). The IIF's report revealed that global debt in dollar terms rose by $10 trillion in the first half of 2023 and by $100 trillion over the past decade. This surge in debt has pushed the global debt-to-GDP ratio to 336% for the second consecutive quarter. The report attributes this rise to a slowdown in economic growth and price increases, resulting in nominal GDP expanding at a slower pace than debt levels. Emre Tiftik, Director of Sustainability Research at the IIF, noted that the debt-to-GDP ratio is once again increasing after declining for seven consecutive quarters, mostly due to easing inflationary pressures. The IIF expects the debt-to-output ratio to surpass 337% by the end of the year, as wage and price pressures continue to moderate. Experts and policymakers have been warning about the growing levels of debt, which can lead countries, corporations, and households to tighten their belts and reduce spending and investments, ultimately impacting economic growth and living standards. More than 80% of the recent increase in debt came from developed countries, with the United States, Japan, Britain, and France experiencing the largest increases. Among emerging markets, China, India, and Brazil saw the highest rises in debt. This is a notable shift, as emerging markets are exhibiting a better trend compared to developed markets for the first time in a while, according to Todd Martinez, co-head of the Americas sovereign team at Fitch Ratings. The report also highlighted that household debt-to-GDP in emerging markets is still higher than pre-COVID-19 levels, primarily driven by China, Korea, and Thailand. However, mature markets have seen the lowest household debt-to-GDP ratio in two decades during the first half of this year. Tiftik mentioned that consumer debt burdens appear manageable, and if inflationary pressures persist, the health of household balance sheets, particularly in the United States, will provide some protection against further interest rate hikes by the Federal Reserve. While markets currently do not anticipate a near-term rate hike by the U.S. Federal Reserve, the target rate is expected to remain between 5.25% and 5.5% until at least May of next year. This sustained high rate in the U.S. could put pressure on emerging markets as investors prioritize the less risky developed world for investment.
by HiumanPre
2
IFF Extended W-pattern ADAM & EVEOn the daily chart, I'm drawing a resistance line from the All Time High #ath. Currently, the price is below the Moving Averages. At the bottom of the chart, there is an extended W-pattern with a characteristic Adam & Eve formation. In this pattern, Adam is represented as a V-shape, followed by a rounded shape representing Eve. If the price breaks out above the resistance line, ideally with a re-test at $97, the next price target could be around $110. This level also aligns with the golden pocket of the Fibonacci and is within the order block. It's important to note that the Fibonacci in this context is drawn in the downtrend, from high to low. On the RSI, a bullish divergence is visible, and the MACD shows that a bullish cross on the signal line has already occurred. Now, it's important to closely monitor the midline for a possible bullish crossing. However, it's crucial to consider the possibility of a rejection at the neckline of the W-formation or the potential continuation of the downtrend after reaching the price target to complete the bigger picture. Keep calm, do your own research dyor! Trade safe and manage your risk-management. (Disclaimer: This is not financial advice)
NYSE:IFF
by Tims.Technische.Analyse.
IFF Descending Broadening Wedge On the monthly chart: We can observe an upward trend channel between 2011 and 2019. During this period, the price remained above the MA50, and a breakdown below this support line of the channel resulted in a prolonged consolidation phase. In 2021, there was a final push upwards, leading to a new All Time High of $147.80, after which the bears took control. The price fell into a descending broadening wedge pattern and broke structure so it suggests further downside potential unless we break structure on the up side. Both the MACD and RSI show bearish indications on the monthly chart. If the price continues to decline, an RSI reading of 18.72 on this timeframe might indicate a possible bullish divergence. Please write in English language.
NYSE:IFFShort
by Tims.Technische.Analyse.