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Archives by Year:
British Pound/ Australian Dollar, 4 Hour Chart, Elliott Wave Technical Analysis, Wednesday, Nov. 8
GBPAUD Elliott Wave Analysis 4 Hour Chart, Wednesday, Nov. 8 FreepikBritish Pound/ Australian Dollar (GBPAUD) 4 Hour ChartGBPAUD Elliott Wave Technical AnalysisFunction: Counter TrendMode: CorrectiveStructure: FlatPosition: black wave 2Direction Next lower Degrees: black wave 3 Details: Blue wave C of Black wave 2 is in play (wave 2 as Flat). Wave Cancel invalid level: 1.99759.The “GBPAUD Elliott Wave Analysis […]
Market Briefing For Wednesday, Nov. 8
‘Worry-wall climbing’ has characterized this market since anticipating an effort by the S&P and NDX to dig themselves out of a hole 2 weeks ago (after the breakdown which triggered algo-selling and pessimism in late October).FreepikThis so far is a ‘mean reversion move’, but can be more if prayers at that other ‘worry wall’ (actually the Wailing Wall […]
Why Silver Premiums Spike Higher
Image Source: PixabayIn the past few years since the pandemic lockdown, we’ve seen a handful of spikes in the premiums on silver (and gold) products. Where there’s been a shortage of availability in retail products, although not a shortage of the actual underlying commodities.So in this week’s silver report with Andy Schectman of Miles Franklin, I […]
Asia Morning Bites For Wednesday, November 8
Image Source: PixabayGlobal Macro and Markets Global markets: US Treasury markets reversed their bounce on Tuesday and resumed their decline. Yields on 2Y US Treasuries fell 1.7bp, while those on the 10Y UST fell 7.7bp to 4.566%. Better demand helped yields to drop, with a decent 3Y auction. There is 10Y supply today. Strangely, despite hiking rates […]
Gold Pullback Looking For Support To The Upside
Image Source: PixabayShort Term Elliott Wave in Gold (XAUUSD) suggests that the metal is correcting cycle from 10.6.2023 low. Up from 10.6.2023 low, wave (1) ended at 1997.16. Pullback in wave (2) is in progress as an expanded Flat structure. Down from wave (1), wave A ended at 1953.4 and rally in wave B ended at 2009.38. […]
Uber Misses Analyst Expectations For Q3 Sales – Offers Upbeat Guidance
Image Source: PixabayUber Technologies Inc. (UBER) shares whipsawed on Tuesday after the ride-sharing company reported weaker-than-expected revenue for the third quarter.Uber was facing high expectations going into the earnings release as shares nearly doubled since the beginning of the year. The company topped analyst estimates for GAAP profitability in 6 of the past 12 quarters.How Uber […]
SPDR ETF Report For Tuesday, November 7
Image Source: PixabayIn this video, Ira Epstein reviews the day’s trading in various SPDR-ETF markets for the trading day just ended, Tuesday, November 7.Video Length: 00:06:47More By This Author:Financial Markets Report For Tuesday, November 7Metals Report For Tuesday, November 7Financial Markets Report For Friday, November 3
The Fed Won’t Achieve Either Of Its Mandates
Image source: WikipediaThe Federal Reserve operates under a dual mandate from Congress — to achieve maximum employment and stable prices. In a recent podcast, Peter Schiff explained why the Fed won’t achieve either.The FOMC held its November meeting last week. As expected, the Fed left interest rates unchanged. Peter said you can almost always count on the […]
Elliott Wave Technical Analysis: XMRUSD – Wednesday, November 8
Image Source: Pexels Elliott Wave Analysis TradingLounge Daily Chart, 8 November 23, Monero/ U.S. dollar(XMRUSD) XMRUSD Elliott Wave Technical Analysis Function: Counter Trend Mode: Correvtive Structure: Triangle Position: Wave E Direction Next higher Degrees: Wave (B) of Zigzag Wave Cancel invalid Level: 138.262 Details: Wave E may end and the price five-wave Increase in Wave (C) […]
Disconnects Between Stocks, Bonds, The Dollar, And Vol Widen
Image Source: UnsplashToday was a bizarre day; maybe it was election day, and the kids were home, or maybe it was because I slept in until 6:45 AM. I couldn’t seem to get a feel for things, and that seemed mostly because there were a few big disconnects in the market. We saw rates fall, the […]
