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4 Hour Chart Elliott Wave Technical Analysis GBPUSD – Friday, November 3

4 Hour Chart Elliott Wave Technical Analysis GBPUSD – Friday, November 3

GBPUSD Elliott Wave Analysis Trading Lounge 4 Hour  Chart, 3 November 23British Pound/U.S.Dollar (GBPUSD) 4 Hour ChartGBPUSD Elliott Wave Technical AnalysisFunction:Counter TrendMode: impulsiveStructure: wave 5 of CPosition:   2/BDirection;Next Lower  Degrees: wave 5 of C (started)Details: blue wave 4 of black wave C completed at 1.22860 . Now blue wave 5 of C is in play […]
October Jobs Report: More Deceleration, In The Weakest Report (Except For June’s) Since March 2021

October Jobs Report: More Deceleration, In The Weakest Report (Except For June’s) Since March 2021

As per my reporting earlier this week, I was looking for 3 things: (1) whether the unemployment rate, which follows initial jobless claims, would remain elevated compared with 1 year ago (it did), whether average hourly earnings gains for non-supervisory workers would continue to decline (they did), and whether jobs growth itself would suggest a […]
Bull Of The Day: Dell Technologies.

Bull Of The Day: Dell Technologies.

Dell Technologies (DELL) , a current Zacks Rank #1 (Strong Buy), provides information technology solutions. The company’s segments include Client Solutions, Enterprise Solutions Group, and Dell Software Group.Analysts have raised their expectations among all timeframes, with the revisions trends particularly notable for its current and next fiscal years.Image Source: Zacks Investment ResearchIn addition, the company […]
Crude Oil Signal: Trying To Recover At Crucial Technical Indicator

Crude Oil Signal: Trying To Recover At Crucial Technical Indicator

At the end of the day, the crude oil markets exhibited their characteristic volatility and uncertainty during Thursday’s session. Crude oil markets embarked on a volatile journey during Thursday’s session, reflecting the characteristic noise and volatility that often accompany this commodity.The West Texas Intermediate (WTI) Crude Oil market initially made an attempt to rally, only to find […]
U.K. Market Commentary – Friday, November 3

U.K. Market Commentary – Friday, November 3

Bailey Holds SteadyGBP is starting the day in a more muted fashion, on the back of the November BOE meeting yesterday. The Pound was seen firmly higher through Thursday trading as traders digested a ‘hawkish hold’ from Bailey and co. The BOE held rates steady at 5.25% but signalled that rates would need to stay […]
Germany’s Unemployment Rate Is On The Rise. SNB Has Reached Its Inflation Target

Germany’s Unemployment Rate Is On The Rise. SNB Has Reached Its Inflation Target

As of Thursday’s stock market close, the Dow Jones Index (US30) increased by 1.70%, while the S&P 500 Index (US500) added 1.89%. The NASDAQ Technology Index (US100) closed positive at 1.78% yesterday. All three indices hit two-week highs. Hopes that the Federal Reserve will not raise interest rates again drove bond yields lower and supported stocks.Thursday’s economic news out of the US […]
Bear Of The Day: Thermo Fisher Scientific

Bear Of The Day: Thermo Fisher Scientific

Thermo Fisher Scientific (TMO) is a scientific instrument maker and a world leader in serving science. The company has three segments: Life Sciences Solutions, Analytical Instruments, and Specialty Diagnostics.Analysts have slashed their earnings expectations across the board, landing the stock into an unfavorable Zacks Rank #5 (Strong Sell).Image Source: Zacks Investment ResearchLet’s take a closer […]
Day Chart Elliott Wave Technical Analysis: GBPUSD – Friday, November 3

Day Chart Elliott Wave Technical Analysis: GBPUSD – Friday, November 3

GBPUSD Elliott Wave Analysis Trading Lounge Day  Chart, 3 November 23British Pound/U.S.Dollar (GBPUSD) Day ChartGBPUSD Elliott Wave Technical AnalysisFunction:Counter TrendMode: impulsiveStructure: wave 5 of CPosition:   2/BDirection;Next Higher  Degrees: new uptrendDetails: blue wave 4 of black wave C completed at 1.22860 . Now blue wave 5 of C is in play . Wave Cancel invalid level: […]
Gold And Silver: The Price Of Gold Hovers Around $1,990

Gold And Silver: The Price Of Gold Hovers Around $1,990

Gold chart analysisThe first part of this week was marked by a retreat of the gold price from the $2009 level. On Monday and Tuesday, we managed to stay above the $1995 level, and on Wednesday, we saw a breakout below and the formation of a weekly lower low at the $1969 level.In that zone, […]
USD/CAD Price Analysis: Remains On Backfoot Ahead Of US/Canada Employment Data

USD/CAD Price Analysis: Remains On Backfoot Ahead Of US/Canada Employment Data

The USD/CAD pair looks for intermediate support near 1.3700 after a sharp sell-off. The Loonie asset remains on the backfoot as investors dumped the US Dollar on expectations that the Federal Reserve (Fed) is concluding its rate-tightening campaign.The US Dollar Index (DXY) struggles to sustain above the crucial support of 106.00 ahead of the United States Nonfarm Payrolls […]