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HSBC Share Price Forms A Worrying Chart Pattern Ahead Of Earnings

HSBC Share Price Forms A Worrying Chart Pattern Ahead Of Earnings

HSBC stock price has pulled back recently amid concerns about its exposure to China. Standard Chartered’s China credit impairment jumped by 62% in Q3. HSBC will publish its quarterly results on October 30th. HSBC share price has pulled back in the past few weeks as investors remain concerned about its exposure to China. After peaking at […]
Crude Oil Futures: Further Upside Unlikely Near Term

Crude Oil Futures: Further Upside Unlikely Near Term

Image Source: UnsplashOpen interest in crude oil futures markets shrank for the third consecutive session on Wednesday, now by around 4.3K contracts according to preliminary readings from CME Group. Volume, instead, increased for the second session in a row, this time by around 63.1K contracts.WTI: Another drop to $80.00 should not be ruled outWTI prices rebounded markedly […]
Korea’s Third-Quarter GDP Expands More Than Expected

Korea’s Third-Quarter GDP Expands More Than Expected

Image Source: UnsplashGDP rose 0.6% QoQ sa in 3Q23 with improved detailsIn terms of domestic growth components, private consumption (0.3%) and construction investment (2.2%) rebounded while the contraction in facility investment (-2.7%) deepened further. Services consumption including leisure, accommodation, and eating out were the main drivers of the rebound but goods consumption was soft as wholesale/retail […]
More Option Spreads Explained: Bull Call Spreads

More Option Spreads Explained: Bull Call Spreads

Image Source: PixabayWe’ve spent some time this month looking at various kinds of option spreads, with the bigger goal of learning the ins and outs of the strategy. It just so happens there are several different approaches to spread trading, each with their own pros and cons. Our first example was a bear put spread, though our […]
How To Read A Stock Chart (And Sharpen Your Thinking)

How To Read A Stock Chart (And Sharpen Your Thinking)

Image Source: PexelsHave you ever taken a class where it felt like the professor opened up your brain like an empty Tupperware container and filled it with knowledge?That’s what happened to me when I took a graduate-level class with one of my mentors in technical analysis, Dr. Hank Pruden.For those of you who are unfamiliar with […]
SPDR ETF Report For Wednesday, October 25

SPDR ETF Report For Wednesday, October 25

Image Source: PixabayIn this video, Ira Epstein reviews the day’s trading in various SPDR-ETF markets for the trading day just ended, Wednesday, October 25.Video Length: 00:18:15More By This Author:Financial Markets Report For Wednesday, October 25Metals Report For Wednesday, October 25SPDR ETF Report For Tuesday, October 24
US Dollar ETF: A Smart Investment Choice

US Dollar ETF: A Smart Investment Choice

Image Source: PixabayIntroductionExchange-Traded Funds (ETFs) have become increasingly popular among investors in recent years due to their diversified and cost-effective nature. They offer a wide range of investment options, including equities, bonds, commodities, and even currencies. In this article, we will delve into the fascinating world of US Dollar ETFs. We will explore what they are, their […]
Elliott Wave Technical Analysis For Thursday, October 25

Elliott Wave Technical Analysis For Thursday, October 25

Image Source: UnsplashIn stock market analysis, we focus on several prominent stocks, including NASDAQ, Apple (AAPL), Tesla (TSLA), Amazon (AMZN), Nvidia (NVDA), Microsoft (MSFT), Meta Platforms (META), Netflix (NFLX), and Alphabet (GOOGL). The summary provides an overview of the market conditions and trading strategies for these stocks:1. Stock Market Overview: The stock market is currently experiencing a […]
S&P 500 Looking To End Diagonal

S&P 500 Looking To End Diagonal

Image Source: PexelsShort term Elliott Wave View in S&P 500 (SPX) suggests that cycle from 7.28.2023 high is in progress as a diagonal structure. Down from 7.28.2023 high, wave 1 ended at 4344.75 and rally in wave 2 ended at 4532.26. Index resumes lower in wave 3 towards 4216.45 as the 45 minutes chart below shows. Wave […]
GBP/USD Slides To Over Three-Week Low, Further Below 1.2100 Mark On Stronger USD

GBP/USD Slides To Over Three-Week Low, Further Below 1.2100 Mark On Stronger USD

Image Source: Unsplash GBP/USD drifts lower for the third successive day and drops to a multi-week low on Thursday. A combination of factors continues to push the USD higher and exert pressure on the major. The fundamental backdrop supports prospects for a further near-term depreciating move. The GBP/USD pair extends this week’s retracement slide from the […]