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Projected Silver Prices: Setting Sail For Precious Metal Ascension

Projected Silver Prices: Setting Sail For Precious Metal Ascension

Image Source: UnsplashThe dynamics between silver and gold can be intricate and influenced by various factors. While gold is often seen as a hedge against inflation and economic uncertainty, the performance of silver can diverge from gold due to its dual nature as both a precious metal and an industrial commodity.Looking into the future, it is […]
EURJPY Extends Higher In Bullish Cycle

EURJPY Extends Higher In Bullish Cycle

Image Source: UnsplashEURJPY extends higher and the pair has broken above the previous high on 8.30.2023 at 159.76 suggesting the next leg higher has started. Cycle from 10.3.2023 low is currently in progress as an impulse structure. Up from 10.3.2023 low, wave (i) ended at 158.26. Pullback in wave (ii) ended at 156.5 and wave (iii) rally […]
These Range Reversals Might Be Easy Money On Tuesday

These Range Reversals Might Be Easy Money On Tuesday

Image Source: UnsplashWeekend’s over, let’s make some money!Markets are range-bound ahead of big corporate earnings tomorrow afternoon…Combine that with major support on the 60m and it’s easy to why these *Range Reversals* are my favorite trades tomorrow!Ranges love to “rotate” back and forth, so the game plan is to buy low, sell high, and trade reversals […]
Metals Report: Decline In Dollar Was Supportive To Gold Yet Gold Was Lower On Monday

Metals Report: Decline In Dollar Was Supportive To Gold Yet Gold Was Lower On Monday

Image Source: PixabayIn this video, Ira Epstein reviews the day’s trading in the gold and other relevant metal markets.Video Length: 00:10:53More By This Author:Morning Flash Video For Monday, Oct. 23Metals Report For Friday, October 20Morning Flash Video For Friday, Oct. 20
Fed Financial Stability Report – October 2023 – Summary

Fed Financial Stability Report – October 2023 – Summary

Image source: WikipediaThis Fed report is meant to be a broad assessment of financial system stability. Its purpose is transparency in an attempt to identify vulnerabilities in the system not to try to identify areas for possible shocks. It looks at 4 broad categories and how they interact. Asset Price Valuation Household and Business Borrowing (Level) […]
EUR/USD Gains Traction Above 1.0660 Ahead Of The Eurozone, US PMI Data

EUR/USD Gains Traction Above 1.0660 Ahead Of The Eurozone, US PMI Data

Image Source: Pixabay EUR/USD gains momentum to 1.0670, the highest in one month due to the weaker USD. The preliminary Eurozone Consumer Confidence for October came in at -17.9 vs. -17.8 prior, better than expected. The Chicago Fed National Activity Index suggests the US economy is still some distance from a recession. Market players await the […]
Microsoft & Alphabet Earnings: What Key Metrics Say

Microsoft & Alphabet Earnings: What Key Metrics Say

Image Source: PixabayEarnings season continues to capture the spotlight, with several big tech companies slated to take center stage this week. The period has primarily been positive so far, again helping us elude an ‘earnings meltdown’ many had feared.Regarding this week’s docket, we have both Alphabet (GOOGL) and Microsoft (MSFT) scheduled to reveal their quarterly prints. […]
Microsoft & Alphabet Earnings: What Key Metrics Say

Microsoft & Alphabet Earnings: What Key Metrics Say

Image Source: PixabayEarnings season continues to capture the spotlight, with several big tech companies slated to take center stage this week. The period has primarily been positive so far, again helping us elude an ‘earnings meltdown’ many had feared.Regarding this week’s docket, we have both Alphabet (GOOGL) and Microsoft (MSFT) scheduled to reveal their quarterly prints. […]
It’s All About Risk And The Long Bonds

It’s All About Risk And The Long Bonds

Monday, after a lot of spooky headlines, the SPY touched the 23-month moving average or the 2-year biz cycle breakout point right around 417.Plus, TLT flashed green as did IWM, the small caps.Now, the big question is can IWM close out Oct above 170?If not, any rally will be short-lived.Today was an interesting day.SPY also […]
BEA Reports GDP On Thursday, GDPNow Estimate Is A Hot 5.4 Percent

BEA Reports GDP On Thursday, GDPNow Estimate Is A Hot 5.4 Percent

Pat Higgins’ Atlanta FedGDPNow model forecast is 5.4 percent with a final update in Wednesday. The Bloomberg Econoday forecast is 4.1 percent.  GDPNow EstimateThe latest GDPNow Forecast is from October 18. A final forecast for the third quarter is on October 25. The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the third […]