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Daily Market Outlook – Friday, Nov. 10

Daily Market Outlook – Friday, Nov. 10

Image Source: Unsplash  Asia – Stocks across the board faced a widespread decline, echoing the negative sentiment emanating from Wall Street that rippled through the APAC region. Multiple factors contributed to this downturn, including a lacklustre 30-year US auction and Federal Reserve Chair Powell’s hawkish stance. In the APAC arena, the struggle extended beyond global influences, […]
Elliott Wave Technical Analysis 4 Hour Chart: Euro/U.S. Dollar – Friday, Nov. 10

Elliott Wave Technical Analysis 4 Hour Chart: Euro/U.S. Dollar – Friday, Nov. 10

Image Source: Pixabay  EURUSD Elliott Wave Analysis Trading Lounge 4 Hour  Chart, 10 November 2023Euro/U.S.Dollar(EURUSD) 4 Hour ChartEURUSD Elliott Wave Technical AnalysisFunction:  Counter TrendMode: corrective  Structure: Z of XPosition: wave 2/BDirection Next lower Degrees: Red wave Y(started)Details: black wave Z of red wave X looking completed at 1.07563. Confirmation level for A of Y: 1.06151. Wave Cancel invalid level: 1.07563The […]
UK Economy Flatlines In The Third Quarter

UK Economy Flatlines In The Third Quarter

Image Source: PixabayUK economy flatlined in the third quarterWe shouldn’t make too much of the fact that the UK economy performed a little better than expected in the third quarter. The level of real GDP was flat relative to the second quarter, compared to consensus and our own expectation of a 0.1% decline.The details reveal that […]
Crude Oil Futures: Rebound In The Offing?

Crude Oil Futures: Rebound In The Offing?

Image Source: UnsplashCME Group’s flash data for crude oil futures markets noted traders scaled back their open interest positions for the four session in a row on Thursday, this time by around 14.7K contracts. In the same line, volume reversed two daily builds in a row and shrank by nearly 252K contracts.WTI appears supported around $75.00Prices […]
Consolidated Edison, Inc. Dividend Stock Analysis

Consolidated Edison, Inc. Dividend Stock Analysis

Image Source: PixabayCompany Description: Consolidated Edison, Inc. (ED) is an electric and gas utility holding company serves parts of New York, New Jersey and Pennsylvania.Fair Value: In calculating fair value, I consider the NPV MMA Differential Fair Value along with these four calculations of fair value, see page 2 of the linked PDF for a detailed description: 1. […]
Hang Seng Index Punched As Hong Kong, China Risks Keep Coming

Hang Seng Index Punched As Hong Kong, China Risks Keep Coming

Image Source: Pixabay The Hang Seng index has plunged by over 24% from the highest point in 2023. Hong Kong and Chinese companies are going through major challenges. The Federal Reserve pointed to more interest rate hikes. The Hang Seng index record of underperformance continued this week as concerns about the Chinese economy continued. The index has dropped […]
United States: The Burden Of Public Debt Becomes Increasingly Problematic

United States: The Burden Of Public Debt Becomes Increasingly Problematic

Image Source: UnsplashUS markets are currently close to their all-time highs. Let’s take a look at the reasons for this trend.First of all, the sector benefiting most from this rise is undoubtedly the technology sector, which has seen a record influx of new investors since last April. The technology sector alone accounts for the performance of […]
Elliott Wave Technical Analysis: THETAUSD – Friday, November 10

Elliott Wave Technical Analysis: THETAUSD – Friday, November 10

Image Source: Upsplash Elliott Wave Analysis TradingLounge Daily Chart, 10 November 23, Theta Token/U.S. dollar (THETAUSD) THETAUSD Elliott Wave Technical Analysis Function: Follow trend Mode: Motive Structure: Diagonal Position: Wave V Direction Next higher Degrees: wave (C) of Zigzag Wave Cancel invalid Level: Details: Wave V maybe complete and five-wave rise will support idea. Theta Token/U.S. […]
Asia Morning Bites For Friday, November 10

Asia Morning Bites For Friday, November 10

Image Source: UnsplashGlobal macro and markets: Global markets: A disappointing auction for 30Y Treasuries yesterday fed through to higher yields across the curve. The yield on the 30Y bond rose 15bp to 4.765%, and that lifted yields on the 10Y (+14.9bp to 4.624%) and also the 2Y (+8.8bp to 5.02%). Despite nosing below 4.5% the other day, […]
The Short On Shorting Bonds

The Short On Shorting Bonds

Image Source: PixabayIntroductionFor the last few decades, if you asked when shorting bonds would be the trade of the year, you might get the classic response: when pigs fly. I guess we can say that pigs have been flying around in 2022—the short bond trend was a big mover last year. Although rates have been increasing, […]