MFF REPORT FOR MONDAYHello traders, what do you think about GOLD ??
On a weekly timframe market is very bullish so our bias is also bullish
On a daily timeframe market is retracing to go further high
i'm expecting 1949.5 price point of interest from it bounce to upside..
this week there will be so much noise due to news
remember always trade level to level
NOTE you get paid to wait
don't forget to like and cooment on my idea
Value
AVAX Will Re-enter Price Discovery - FOREX mkts on Spruce NodeBack in April some news dropped, not sure if any major TA heads noticed. Serious FA (Fundamental Analysis) news: T. Rowe Price Associates, WisdomTree, Wellington Management, and Cumberland are all on Avalanche Testnet "Spruce". Part of the Evergreen Subnet ecosystem. Blockchain settlement, tokenized equity / credit issuance, trading, and fund management are being tested to see whether they can conduct FOREX transactions without losing capital.
Looks like the news got sold.. time to buy.
As always, entertainment only. Not financial advice.
Nasdaq Touches Record Highs ValuationNasdaq touches record highs valuation based on our Index Valuation Rainbow which measure index valuation based on Net Liquidity. The similar record high moment that is happened on:
- Nov 2007 before 2008 market crash that bottomed out in Mar 2009
- Feb 2020 before 2020 pandemic turmoil that bottomed out in Mar 2020
- Dec 2021 before 2022 market crash that bottomed out in Oct 2022
Nasdaq may not be able to reach the previous high on Nov 2021 because of current liquidity is lower than previous liquidity due to Fed tightening. So the market correction or crash will likely to happen.
Embrace the Roaring Bull: Consider Adding BTC to Your Portfolio As you may know, Bitcoin has been making headlines for years, captivating the attention of both seasoned traders and newcomers alike. It has proven itself as a resilient and groundbreaking digital asset, steadily gaining recognition as a store of value and a hedge against traditional market volatility. And now, with the current market conditions suggesting a bullish momentum, it's an opportune moment to hop on board and seize the potential benefits.
Why should you consider adding BTC to your portfolio? Well, let me share a few compelling reasons:
1. Accumulation Phase: On-chain data analysis indicates an increasing number of long-term holders acquiring Bitcoin, suggesting a strong belief in its future potential. This accumulation phase often precedes significant price rallies, making it an enticing opportunity for traders like yourself.
2. Diversification: By including Bitcoin in your investment portfolio, you can diversify your holdings and reduce the overall risk. The cryptocurrency market operates independently of traditional financial markets, offering a unique asset class that can potentially enhance your portfolio's resilience.
3. Market Momentum: Bitcoin has been experiencing remarkable growth over the years, and its acceptance as a mainstream investment vehicle is steadily increasing. With renowned companies and institutional investors embracing Bitcoin, the market sentiment is overwhelmingly positive, which could potentially fuel further growth.
Now that you're aware of the compelling reasons to consider adding BTC to your portfolio, it's time to take action! Don't let this golden opportunity slip away. Here's what you can do to seize the moment:
1. Conduct Thorough Research: Dive into the world of Bitcoin and educate yourself on its fundamentals, market trends, and potential risks. Knowledge is power, and being well-informed will help you make sound investment decisions.
2. Consult with Experts: Reach out to financial advisors or cryptocurrency experts who can provide valuable insights and guidance tailored to your specific investment goals. Their expertise can help you navigate the market with confidence.
3. Start Small, Scale Up: Begin by allocating a portion of your portfolio to Bitcoin and gradually increase your exposure as you gain confidence and witness the market's performance.
Remember, every journey begins with a single step!
Are you ready to embark on an exciting adventure in the world of Bitcoin? The potential rewards await those who dare to embrace this digital revolution! 🌟
If you have any questions or need further assistance, please don't hesitate to comment to reach out.
The likelihood of a recession in the US is declining.
Goldman Sachs sees a decline in the likelihood of a recession in the US over the next year from 25% to 20% thanks to encouraging economic data: improving consumer sentiment and slowing inflation, writes Business Insider.
The bank expects only one and the last rate hike by the Fed and is quite optimistic about a "soft landing" for the US economy.
The Fed's sharp rate hike for more than a year has raised fears of a "hard landing" as the economy slumps as it fights to bring inflation down to its 2% target. However, according to the latest data, consumer inflation in the US has already reached 3%, down from 9% a year ago.
At the same time, fundamental signals point to further disinflation: “Used car prices are falling on the back of rising car production and inventories, and rent inflation still has a long way to go before it catches up with the median asking rent, while the labor market continues to recover from continuing downward trend in vacancies, layoffs, labor shortages and rising nominal wages.”
Head and shoulders pattern Elgi equipment company one of the leader in compressor Product Offerings
The Co. manufactures a wide range of oil-lubricated and oil-free air compressors including Screw Compressors, Piston Compressors, Rotary Screw Compressors, Reciprocating Compressors and Centrifugal Compressors. It also offers diesel-powered Portable Screw Compressors, Railway Air Compressors, Heat Recovery Systems, Medical Air Compressors, Dryers, Air Receiver Tank and other Air Accessories.
US budget.From the report on the execution of the US budget published on Thursday, July 13, it follows that in June its
expenses rose nearly $100bn on a basis yoy (+15% yoy) to $646bn, while revenues
from tax revenues decreased by 9.2% yoy to $418 billion. Against this background, the rolling 12-month
the value of tax revenues to the US budget decreased by 7.3%, which was a record value
since June 2020, when the country plunged into covid lockdowns.
Thus, the US budget deficit in June rose to $228 billion from $89 billion a year earlier.
Economists' consensus forecast suggested that the figure would be "only" $175 billion.
For the nine months of the current fiscal year, the cumulative budget deficit of the United States was $ 1,393
trillion, which is the third record value in history (this figure was higher
only in fiscal 2020 and 2021)
The sharp increase in interest payments on the US government debt also inspires significant concern.
According to the St. Louis Fed, in the first quarter of calendar year 2023, this figure was
$928.93 billion in annual terms. After 12 months, due to the effect of higher interest
interest rates on US government debt could reach $1.3 trillion in annual terms.
In this case, interest payments on public debt will become the largest item of US spending,
ahead of social insurance. All this creates a vicious circle, the way out of which is not obvious:
the rise in the US budget deficit increases the need for new and larger
borrowings. This, in turn, provokes an increase in market interest rates (investors
require a higher risk premium), which in turn raises the risk of a recession. And this,
not to mention the prospects for a long-term destabilization of the dollar and, as a result, the global
financial system.
Sources.
Will Verizon bounce from current oversold extreme?Verizon Communications Inc. - 30d expiry - We look to Buy a break of 32.01 (stop at 30.01)
We are trading at oversold extremes.
This stock has recently been in the news headlines.
In our opinion this stock is undervalued.
A higher correction is expected.
A break of bespoke resistance at 32, and the move higher is already underway.
Our profit targets will be 37.01 and 38.01
Resistance: 32.00 / 33.70 / 35.00
Support: 31.25 / 30.00 / 29.00
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CNN: Bulls and bears clash in a brutal battle on Wall Street.The views and feelings, as well as the understanding of the current situation, are so divided among bulls and bears that it is more and more like a political landscape. The stock market rally has sparked a war of controversy of unprecedented magnitude. The bottom line is that AI-related Big Tech shares are indeed growing faster than the rest of the market. If you take a basket of AI-related stocks and compare it to the rest of the SP500, the lines will move in completely opposite directions. And now the difference between them has become simply huge. The accumulated steam must go somewhere. And the most important question is "when will it happen???".
Source: CNN.
Demand for oil will decline.Global oil demand to grow slower than expected due to economic slippage
developed countries, according to a report released today by the International Energy
agencies. By the end of 2023, global demand for black gold is expected to grow by 2.2 million
b/d (about +2% y/y), i.e. 220 thousand b/d less than the previous (June) forecast.
Retail investors did not believe in artificial intelligence.The reason for the revival of the US stock market was the explosion of interest in AI. The market is up nearly 25% since its October low. Most interestingly, retail investors did not show active interest according to sources US retail investors were selling US tech stocks. And even more interesting is that, based on the analysis of historical data, experts draw the following conclusion - the lack of interest of retail investors in new developments is a good sign. Whenever their interest in something new was at a minimum, this "new" had a beneficial effect on the market. That is, we expect further growth.
Reporting is not the end of life. We need to look further.The reporting season for the second quarter begins this week. All investors will want to know about the state of companies and their economies.
Earnings included in the SP500 are projected to decline by approximately 7.6% year-on-year. This will be the third consecutive quarter of decline and the largest decline in earnings reported by the broad-based index after a loss of approximately 32% in the second quarter of 2020.
But investors will be watching even more closely to see what companies forecast for their financials and the economy as a whole. This will be more important than looking back on earnings results to determine whether this year's rally can continue and whether the economy is headed for a downturn.
The S&P 500 is up about 16% for the year, driven by the artificial intelligence hype that propelled tech stocks to sky-high heights and an economy that has remained resilient despite the Federal Reserve's aggressive pace of interest rate hikes.
The economy showed no signs of slowing down this year. Gross domestic product, the broadest measure of economic output, rose at an annualized rate of 2% in the first quarter, compared with a second estimate of 1.3% reported last month.
Some investors say the strength of the economy could begin to wane as the Fed continues to raise interest rates and consumers draw on savings built up in the midst of the pandemic.
Source: CNN
A little bit about the labor market in the USA.The labor market remained resilient despite aggressive
Fed tightening, but job growth was mostly in the service sector
with low wages, which led to a decrease in labor productivity. In the first quarter
US GDP growth was 2%. Forecasters polled by the Philadelphia Fed expect GDP to
will grow by only 1.3%.
Everyone is worried about the prospects for inflation.This week, companies in the US will report on how much profit or loss they have made. Of course, most likely it will be about profit. And these data will tell the experts what dynamics of inflation is expected. Many experts are sure that the received profit is closely connected with the future indicators of inflation.
Inflation is finally coming down. But consumer goods prices continue to rise, and just as fast.
Earlier, the Fed chairman said that wage growth should slow down to reduce inflationary indicators. But at the same time, some experts point to another culprit: corporate profits. The International Monetary Fund also claims that half of inflation is due to corporate profits.
This week will be published two major indicators of inflation in the US - the consumer price index on Wednesday and the producer price index on Thursday. Friday morning earnings reports for the second quarter start with reports from JPMorgan Chase, Wells Fargo, Citi and Blackrock.
Source: CNN
Check out this week's events:11.07 EUR German Consumer Price Index (CPI) (MoM) (June).
11.07 USD Short-term forecast of the situation on the energy markets from the EIA.
12.07 NZD Interest rate decision 12.07. 15:30 USD Base index. Consumer Prices (CPI) (MoM) (June) .
12.07 USD Consumer Price Index (CPI) (MoM) (June).
12.07 USD Consumer Price Index (CPI) (YoY) (June).
12.07 CAD Interest Rate Decision .
12.07 USD Crude oil reserves.
13.07 GBP GDP (MoM) (May) .
13.07 USD The number of initial applications for unemployment benefits.
13.07 USD Producer Price Index (PPI) (MoM) (June).
The money will get even faster.The Federal Reserve is unveiling its new "FedNow" system - it will allow banks to send domestic payments instantly. Even at midnight Saturday and even on a holiday. Now all payments are processed in old systems and their processing takes several hours or even days. With the new, everything will become much faster. But, as always, there is one "BUT!" - If you provide full access to individuals, they will be able to withdraw and cash out any amount in a short time. That could prove a problem for smaller banks. Therefore, most likely the system will work in full access only between banks and enterprises. And individuals will have full access only to repay loans/mortgage debts.
Source: CNN
MKTX - The OpportunityWhat a magnificent company.
Total debt sits at around 80mil$ with net income of 250mil$ at a profit margin of 35% in 2022. Before 2019, their debt was 0$. This leaves them with highest debt to equity of 0.13 in 2019.
Profit margins range from 34% to 44% several years back. This metric is great in itself but adding consistent, rising revenue makes it stellar.
The company always has cash on hand. Free cash flow closely matches net earnings, consistently, year over year. In 2022 it was 290mil$, of which their total debt represented only 28%. Exceptional.
Now, great financial health, impressive earning power, rising revenue, equity and sales lead us to the opening line of this text. But let's look further.
At the current price of 250$ per share, using the earnings based valuation, a conservative estimate would indicate that the company is trading somewhere around 80% of its intrinsic value.
Acquiring 1$ of this kind of company at 80¢ is worth consideration, at least.
Have A Great Day.
CNN: "Job market reports are encouraging".The decrease in the number of jobs created in June compared to May data gave a slight hope for inflation easing. Job growth in June was a third less than in May. A slowdown in job growth is not necessarily a bad thing. Perhaps this will lead to the achievement of the inflation target.
Source: CNN