Automakers Are Slashing Prices To Sell Off Excess Inventory
Via AG Metal Miner The Automotive MMI (Monthly MetalMiner Index) rose slightly higher than in previous reports. Month-over-month, the index went up by 5.08%.Automobile inventories may be rising, but consumers are much more reluctant to purchase than they were six months ago. With interest rates still climbing, more and more consumers continue to steer away […]
Wyckoff’s Inventory Accumulation is in making
USD/CAD is marching higher despite upbeat oil prices. Stretched consolidation after a downfall is demonstrating signs of inventory accumulation. A 40.00-60.00 range oscillation by the RSI (14) indicates a consolidation ahead. The USD/CAD pair is gradually moving towards the round-level resistance of 1.3400 after a recovery move to near 1.3370 in the Asian session. The […]