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Market Briefing For Tuesday, Nov. 14th

Market Briefing For Tuesday, Nov. 14th

Watching paint dry describes most of Monday’s session. That’s adequate, as the day began with a little downside following Moody’s USA downgrade (not really news as followed S&P and Fitch having done so previously), and a rebound as outlined in my pre-opening (just before the Bell) opening ‘X-ray’.FreepikAcross the board (Retail stocks and so on) you hear worries about Earnings, but that’s a […]
Platinum Ended Correction And Turning Higher

Platinum Ended Correction And Turning Higher

Photo by Zlaťáky.cz on UnsplashPlatinum may have ended the correction to the cycle from 9.1.2022 low and in the early stage of turning higher. If the pivot on September 2022 low at 796.8 breaks, it suggests a bigger correction against March 2020 low within wave (II) which is not our primary view at the moment. In […]
Elliott Wave Technical Analysis: THETAUSD – Tuesday, November 14

Elliott Wave Technical Analysis: THETAUSD – Tuesday, November 14

Image Source: PexelsElliott Wave Analysis TradingLounge Daily Chart, 14 November 23,Theta Token / U.S. dollar (THETAUSD)THETAUSD Elliott Wave Technical AnalysisFunction: Follow trendMode: MotiveStructure: ImpulsePosition: Wave (1)Direction Next higher Degrees: wave I of ImpulseWave Cancel invalid Level:Details: Wave 1 is likely to end and prices are entering a wave 2 correction.Theta Token / U.S. dollar(THETAUSD)Trading Strategy: Theta […]
Copper Price Forecast As Maike Metals Collapses; Amer On The Verge

Copper Price Forecast As Maike Metals Collapses; Amer On The Verge

Image Source: Pixabay Copper price has crawled back in the past few days. Maike Metals, a large Chinese company, collapsed on Tuesday. Amer International is also on the verge of collapsing as its senior executives depart. Copper price held quite well on Tuesday as the Asia Copper Week (ACW) kicked off in Shanghai and after a […]
Asia Morning Bites For Tuesday, November 14

Asia Morning Bites For Tuesday, November 14

Image Source: PixabayGlobal Macro and Markets Global markets: US equities opened slightly down on Monday, but then recovered to finish close to flat on the day. The S&P 500 lost just 0.08% on Monday and the NASDAQ was down 0.22%. Equity futures are showing a small rise on today’s open. Chinese stocks had a mixed, day. The […]
Financial Markets Report For Monday, November 13

Financial Markets Report For Monday, November 13

Image Source: PexelsIn this video, Ira Epstein reviews the activity in the Financial Markets after the day that just ended, Monday, November 13.Video Length: 00:14:19More By This Author:Metals Report For Monday, November 13Financial Markets Report For Friday, November 10Metals Report For Friday, November 10
USD/CAD Hovers Above 1.3800, US Inflation Data Awaited

USD/CAD Hovers Above 1.3800, US Inflation Data Awaited

Photo by Michelle Spollen on Unsplash USD/CAD moves higher due to the market caution before US data. US Treasury Secretary Yellen disagrees with Moody’s decision to cut its outlook on US debt. CAD fails to cheer the improved Crude oil prices. WTI price strengthened on OPEC’s monthly report, stating market fundamentals remained strong. USD/CAD bids higher around 1.3810 during […]
Why Biden Is In Trouble About The Economy?

Why Biden Is In Trouble About The Economy?

Image Source: PixabayA big focus of political discourse in the past two weeks has been about why Biden seems to be pollling so poorly against Trump, and in particular has not consolidated support among younger voters.Since the economy is always a very important component of voter intentions, unless there is a major superseding event like 9/11, […]
The Stage Is Set For The Big CPI Report On November 14, 2023

The Stage Is Set For The Big CPI Report On November 14, 2023

Image Source: PixabayStocks finished lower ahead of tomorrow’s CPI report. Expectations are for headline CPI to increase by 0.1% m/m and 3.3% y/y, down from September’s increase of 0.4% m/m and 3.7% y/y reading. Core CPI is expected to rise by 0.3% m/m and 4.1% y/y, in line with last month’s reading.The core CPI, if it […]
Silver Ended Correction And Turned Higher

Silver Ended Correction And Turned Higher

Image Source: PixabaySilver (XAGUSD) cycle from 10.3.2023 low is in progress as an impulse. Up from 10.3.2023 low, wave (1) ended at 23.69 and pullback in wave (2) is proposed complete at 21.86. Down from wave (1), wave W ended at 22.52 and rally in wave X ended at 23.3. Internal subdivision of wave X unfolded […]