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Ford Gains In Premarket After Deal Negotiated To End UAW Strike

Ford Gains In Premarket After Deal Negotiated To End UAW Strike

Shares of Ford Motor climbed 2.7% in Thursday premarket trading after the company reached a ‘tentative agreement’ with UAW workers.Ford reached an understanding today with its employees represented by the United Auto Workers (UAW), marking a “historic victory” for the US labor union. Shares of Ford (F) rose 2.77% ahead of Thursday’s market opening bell. However, the gains […]
Jobless Claims Continue Near Expansion Lows

Jobless Claims Continue Near Expansion Lows

Jobless claims continued very low last week, justifying taking down the “yellow caution flag” that had been in place for a number of months.Specifically, weekly new claims rose 10,000 to 210,000 – still a very low historical number. The more important four-week moving average increased 1,250 to 207,500. Contrarilyk with a one-week lag, continuing claims […]
Wednesday’s Selling Pushed The Market To The Brink, And Maybe Past It

Wednesday’s Selling Pushed The Market To The Brink, And Maybe Past It

How does the old saying go? If you play with fire long enough, you’ll eventually get burned? Well, for several days now stocks have been playing with fire. On Wednesday they got burned. They were burned badly enough, in fact, that the market might be forced to move all the way through a full-blown correction.That’s […]
Gold Technical Analysis: Bulls’ Eyes Are Turning Towards The 2000$ Peak Again

Gold Technical Analysis: Bulls’ Eyes Are Turning Towards The 2000$ Peak Again

Buy gold above the psychological resistance of 2000 dollars per ounce with caution and without risk for near-term goals.  The continuation of global geopolitical tensions and the easing of the hawkish policies of the world’s central banks has allowed the price of gold XAU/USD to continue its upward path with gains reaching the resistance level of 1990 […]
Elliott Wave Technical Analysis LINKUSD – Thursday, October 26

Elliott Wave Technical Analysis LINKUSD – Thursday, October 26

Elliott Wave Analysis TradingLounge Daily Chart, 26 October 23 ​​Chanlink/U.S. dollar(LINKUSD) LINKUSD Elliott Wave Technical Analysis Function: Follow Trend Mode: Motive Structure: Impulse Position: Wave ((3)) Direction Next higher Degrees: Wave I of Impulse Wave Cancel invalid Level: 8.259 Details: Wave 3 equal to 200.00% of Wave 1 at 12.719Chanlink/U.S. dollar(LINKUSD)Trading Strategy: Chainlink Rises Rapidly […]
The FTSE Finish Line: Standard Chartered Posts Biggest Loss Since 1988

The FTSE Finish Line: Standard Chartered Posts Biggest Loss Since 1988

Image Source: Pexels On Thursday, the UK’s FTSE 100 experienced a slight decline, with bank stocks, led by Standard Chartered, posting disappointing earnings. The FTSE 100 index declined by 0.8% heading into the close.London-listed shares of Standard Chartered experienced a significant drop, down by over 10%, leading it to take the bottom spot on the blue […]
Constructive And Destructive Roles Of Credit

Constructive And Destructive Roles Of Credit

This article defines credit, a subject upon which there is a lack of public knowledge. What people call money is in fact credit, and money itself, which is physical gold without counterparty risk, rarely if ever circulates. Nearly everyone, including most economists, don’t understand credit and the importance of its value being tied to money.Nor […]
Analytical Overview Of The Main Currency Pairs – Thursday, October 26

Analytical Overview Of The Main Currency Pairs – Thursday, October 26

The EUR/USD currency pairTechnical indicators of the currency pair: Prev Open: 1.0589 Prev Close: 1.0565 % chg. over the last day: -0.22 % Weak corporate reporting data yesterday caused some demand for the dollar index, which put moderate pressure on EUR/USD quotes. But losses in EUR/USD were limited after the October German IFO Business Climate Index rose more […]
EURUSD: Catching The 130 PIP 1:10 Risk/Reward Move Higher

EURUSD: Catching The 130 PIP 1:10 Risk/Reward Move Higher

On October 17 and 18 2023 I posted on social media, @AidanFX , “EURUSD: Expecting for bulls/buyers to attack the weak structure high and break above to the liquidity level and to the supply/next area of interest zone. Let’s see what it does in the rest of the trading week.” and “EURUSD: Will be looking to […]
Decisive SPY Downswing I Called For

Decisive SPY Downswing I Called For

S&P 500 did the awaited break of 4,245, kissed that level from below, and continued straight down through 4,225 while stopping at my 4,209 level. Much, much to rejoice by all clients, whether swing trading readers of my articles, or the intraday ones in our Telegram channel as regards both S&P 500 and DAX. Also today you have plenty to […]