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Archives by Year:
GBP/USD Forecast: Looks Vulnerable To Greenback Strength Traders Should Remain Vigilant
On the upside, the 50-Day Exponential Moving Average hovers around the 1.2350 level, a price point that has proven to be crucial on multiple occasions. In the early trading hours of Thursday, the British pound took a significant dip, only to make a swift recovery, showing signs of resilience. Despite this bounce back, the market […]
Is The Market Putting On Risk Ahead Of The Weekend?
Photo by Sara Kurfeß on UnsplashThe US dollar is trading with a softer bias. Among the G10- currencies, only the euro and Swiss franc are the laggards and are nearly flat. In shifting expectations, the market sees the Reserve Bank of Australia as the most likely to hike rates again, while the swaps market appears […]
Daily Market Outlook – Friday, October 27
Asia – Asian stocks are trading with a positive bias, driven by well-received earnings reports from Amazon and Intel, which lifted sentiment after a mostly lower close on Wall Street. The Nikkei 225 is experiencing gains, primarily driven by its Industrial sectors, potentially in response to the US GDP metrics, while Pharmaceuticals are underperforming, with […]
3Q Tech Earnings Fail To Ignite Buying Interest, But Crucial Dual Support On Nasdaq 100 Unlikely To Yield Right Away
In a week in which several tech behemoths reported their September quarter, the Nasdaq 100 is down 3.1 percent through Thursday, falling out of a descending channel. But tech bulls have dual support just underneath – Fibonacci and moving average. In all probability, this will hold for now. Of the four tech majors reporting this […]
Japan Is Setting The Stage For A Monetary Policy Review. Falling Tech Companies Are Dragging The Broad Market
As of Thursday’s stock market close, the Dow Jones Index (US30) decreased by 0.76%, while the S&P 500 Index (US500) fell by 1.18%. The NASDAQ Technology Index (US100) closed yesterday negative by 1.76%. Stock indices continued to fall yesterday due to weak reports from major technology companies. Shares of Meta Platforms (META) fell more than 5% after weak ad revenue. Meanwhile, shares […]
Elliott Wave Technical Analysis: JP Morgan Chase & Co, Friday, October 27
JP Morgan Chase & Co., Elliott Wave Technical AnalysisJP Morgan Chase & Co., (NYSE): 4H Chart 27 October 23JPM Stock Market Analysis: We have been looking for further downside into wave 2 as we nearly hit 0.618 {c} vs. {a}. At this point we are looking for equality of {c} vs. {a} at 136$ to then […]
Chart Of The Day: Constellation Energy – Renewable Energy
The Chart of the Day belongs to the renewable energy company Constellation Energy (CEG) . I found the stock by using Barchart’s powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum and having a Trend Seeker buy signal then used the Flipchart feature to review the charts for consistent […]
Gold Should Heed Miners’ Warning
While geopolitical conflict has kept gold afloat, mining stocks’ weakness signals trouble ahead. While risk assets attempt to break free of their bearish corrections, gold’s relative outperformance has the yellow metal shining bright. Despite that, we’ve booked 11-straight profitable trades, and our 12th (currently open) remains in the green. As a result, our success highlights why mining stocks […]
US Stock Futures Rise After Two Days Of Decline
US Stock Futures: Dow futures up 0.3% S&P 500 futures gain 0.5% Nasdaq 100 futures climb 0.8% Earnings Reports: Amazon jumps 5% after beating estimates Ford drops 4% on earnings miss and softer guidance due to UAW strike Thursday’s Market Performance: Dow falls 0.76% S&P 500 drops 1.18% Nasdaq Composite tumbles 1.76% Nasdaq slides further […]
Eurozone Commentary- Friday, October 27
ECB Pauses… For NowOn the back of ten consecutive rate hikes, the ECB yesterday paused its tightening program, citing the recent drop in inflation as well as underlying weakness in the eurozone economy. The meeting was a relatively muted event, though was perhaps more on the dovish side than some were expecting. Lagarde warned that […]
