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GBPUSD Short Term Elliott Wave Structure Suggests Further Upside

GBPUSD Short Term Elliott Wave Structure Suggests Further Upside

Image Source: UnsplashGBPUSD shows a 5 swing sequence from 10.4.2023 low favoring further upside. The rally from 10.4.2023 low takes the form of a double three Elliott Wave structure or a double zigzag. Up from 10.4.2023 low, wave W ended at 1.24.28 and dips in wave X ended at 1.2186. Internal subdivision of wave X unfolded as a […]
Lucid Lost $227,000 Per Car Sold In Q3

Lucid Lost $227,000 Per Car Sold In Q3

Image Source: PixabayWhat do you get after a decade of negative real rates and unlimited QE as monetary policy? Losing $227,000 per vehicle as an acceptable business model for an automobile company!At least that’s the case over at Lucid, according to a new writeup from the Daily Caller. The California-based Lucid Motors (LCID), offers four electric vehicle (EV) models priced […]
Elliott Wave Technical Analysis: ETHUSD – November 15

Elliott Wave Technical Analysis: ETHUSD – November 15

Image Source: PixabayElliott Wave Analysis TradingLounge Daily Chart, 15 November 23,Ethereum/ U.S. dollar(ETHUSD)ETHUSD Elliott Wave Technical AnalysisFunction: Follow TrendMode: MotiveStructure: ImpulsePosition: Wave 1Direction Next higher Degrees: wave (1) of ImpulseWave Cancel invalid level:Details: Wave 1 may have ended and prices are entering. Correction in Wave 2Ethereum/ U.S. dollar(ETHUSD)Trading Strategy: The rise in Wave (1) seems to have […]
Asia Morning Bites For Wednesday, November 15

Asia Morning Bites For Wednesday, November 15

Image Source: Pixabay  Global Macro and Markets Global markets: Lower than expected US October headline and core inflation prints (see more below) sent bond yields tumbling again last night. 2Y US Treasury yields fell just under 20bp to 4.836%, while yields on 10Y US Treasuries fell 19.3bp to 4.447%, more cleanly breaking the 4.50% support that was […]
How To Invest Your Salary: Even If There’s Fear Of A Recession?

How To Invest Your Salary: Even If There’s Fear Of A Recession?

Image Source: PexelsAre you tired of watching your hard-earned money lose value to inflation, while your 401k is riddled with hidden fees?I believe it’s time to take control of your financial destiny by becoming your own money manager.In this blog post, we’ll explore the five steps she outlines to help you turn your salary into a […]
October CPI Cools; Does This Really Mean The Fed Won The War?

October CPI Cools; Does This Really Mean The Fed Won The War?

 Image Source: UnsplashFor the first time in several months, the Consumer Price Index (CPI) came in cooler than expected in October, supercharging expectations that the Federal Reserve can relent on its inflation fight.But is the optimism premature?Consumer prices were flat month-on-month in October, according to the latest data from the Bureau of Labor Statistics. This was below the […]
Financial Markets Report For Tuesday, November 14

Financial Markets Report For Tuesday, November 14

Image Source: PexelsIn this video, Ira Epstein reviews the activity in the Financial Markets after the day that just ended, Tuesday, November 14.Video Length: 00:15:55More By This Author:Metals Report For Tuesday, November 14 SPDR ETF Report For Monday, November 13 Financial Markets Report For Monday, November 13
Bitcoin’s Resilient Trends: A Year Of Compliance Since FTX Blowup

Bitcoin’s Resilient Trends: A Year Of Compliance Since FTX Blowup

Image Source: PixabayBitcoin bottomed, appropriately enough, on the day that FTX blew up. Since then, it has pushed up massively, but even over the course of an entire year, it has been remarkably compliant with one simple trendline. It moves to “overbought” and “oversold”, and at the moment it’s more or less fairly-valued (if we can […]
This Perfect Pullback Could Be Our Biggest Win Of The Week

This Perfect Pullback Could Be Our Biggest Win Of The Week

Image Source: PexelsWoah, what a move today!!Big moves always get me excited because there are SO MANY ways to trade them…My favorite is this *Perfect Pullback* – time this entry correctly and it could be our biggest win of the week!Emini and Nasdaq made big moves higher today, telling us that everyone’s waiting for the next […]
The Fed Is Done And Market Rates Have Peaked – So What Now?

The Fed Is Done And Market Rates Have Peaked – So What Now?

Image source: WikipediaMarket rates have likely peaked. The 10yr hit 5% and the 2yr got to 5.25% in the past month or so. A move back toward 5% is not improbable for the 10yr, but it’s more likely that we’ve morphed into a structural decline in market rates, and a steeper curve. Most of the time […]