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Archives by Year:
Elliott Wave Technical Analysis 4 Hour Chart: U.S. Dollar/Canadian Dollar – Wednesday, Nov. 29
Photo by Michelle Spollen on Unsplash USD/CAD Elliott Wave Analysis Trading Lounge 4 Hour Chart, 29 November 2023U.S.Dollar /Canadian Dollar(USD/CAD) 4 Hour ChartUSD/CAD Elliott Wave Technical AnalysisFunction: Counter TrendMode: corrective Structure: blue wave C of black wave BPosition: black wave BDirection Next Higher Degrees: black wave CDetails: Blue wave B looking completed at 1.37679, now blue wave C […]
Macro: Consumer Confidence
Image source: PixabayHere are some of the headline sentiments I am seeing: consumer confidence rises consumer confidence rebounds consumer confidence rises for the first time in 4 months consumer is optimistic Let’s take this with a grain of salt. Last month’s initial number was 102.6. This month’s number is 102.0.Last month’s print of 102.6 was revised […]
“Resilient” American Consumers Cutting Back Spending, Running Up More Debt This Holiday Season
Image Source: UnsplashHoliday shoppers plan on cutting back on spending and piling on even more debt this year, and nearly a quarter of Americans still haven’t paid off their debt from last year’s holiday spending spree.These were just a few revelations in a recent WalletHub survey that indicates American consumers aren’t quite as “resilient” as pundits and government […]
On Sustainable Cluster Bombs
Stock photo by VecteezyAside from innovation, BOOM and bust cycles are driven by three factors: Government regulation, market intervention, and the injection of public funds into the market.When governments want to “encourage” investment into one sector or another, they do as BlackRock CEO, Larry Fink, does with the tools available to them.Here’s what Fink, CEO of […]
AUD/USD Price Analysis: Bulls Hit 4-Month Top Despite Low CPI
Image Source: Unsplash There was a drop in Australia’s inflation in October. The Aussie benefited from a weakening greenback. Financial markets anticipate the RBA to maintain current rates in December. In Wednesday’s AUD/USD price analysis, we find the Australian dollar showcasing resilience, surging to a four-month high despite a recent dip in Australia’s inflation in October. […]
EUR/USD Price Analysis: Holds Positive Ground Above 1.1000, Bull Cross Eyed
Image Source: Pixabay EUR/USD trades in positive territory for five straight days above the 1.1000 psychological mark. The 50-hour EMA is on the verge of crossing above the 100-hour EMA. The immediate resistance level is located at 1.1065; the initial support level will emerge at 1.0900. The EUR/USD pair gains traction for the fifth consecutive day during the […]
Asia Morning Bites For Wednesday, November 29
Image Source: Pixabay Global macro and markets: Global markets: Some remarks from Fed Governor Christopher Waller about the possibility of rate cuts once the Fed reaches its 2% inflation target were seized on by bond bulls yesterday and drove a sharp rally at the front end of the yield curve. 2Y Treasury yields fell 11.6bp to 4.734% […]
SPDR ETF Report For Tuesday, November 28
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 28.Video Length: 00:13:51More By This Author:Financial Markets Report For Tuesday, November 28Metals Report For Tuesday, November 28SPDR ETF Report For Monday, November 27
Gold Futures: Extra Gains Appear On The Cards
Image Source: UnsplashOpen interest in gold futures markets increased by around 10.1K contracts on Tuesday, reversing at the same time three consecutive daily pullbacks according to preliminary readings from CME Group. Volume, instead, shrank by around 39.8K contracts after two daily builds in a row.Gold: Next target comes at the 2023 topGold prices extended the uptrend north […]
Tired Bull Or Ready For Another Charge? Decoding The Up Momentum Puzzle
Image Source: UnsplashWatch the video extracted from the WLGC session before the market opens on 28 Nov 2023 below to find out the following: How to spot the fading of the up momentum. Analogue comparison using the monthly chart for the S&P 500 long-term trend Assessment of the supply level for the strong rally since November The #1 thing […]
