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Wall Street On Track For Another Win Amid Interest Rate Buzz

Wall Street On Track For Another Win Amid Interest Rate Buzz

Wall Street is looking to extend a winning streak, as investors prepare for the Federal Reserve’s latest interest rate decision. The Dow Jones Industrial Average (DJI) is up more than 120 points midday and, alongside the S&P 500 Index (SPX), is pacing for its third-straight daily win. Meanwhile, the Nasdaq Composite (IXIC) is on track for its […]
The Energy Report: Supreme Insult

The Energy Report: Supreme Insult

Photo by Bailey Alexander on UnsplashIran’s funding for Hamas and Hezbollah terror operations continues to be driven by Iranian oil revenue that by recent standards for Iran is just rocking. Iran is boasting today that their oil production has risen to 3.4 million barrels of oil a day as Iran’s so-called Supreme Leader Ali Khamenei […]
Chart Of The Day: Logitech – Hit Another New High

Chart Of The Day: Logitech – Hit Another New High

The Chart of the Day belongs to the computer hardware company Logitech (LOGI)  . I found the stock by using Barchart’s powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum and having a Trend Seeker buy signal then used the Flipchart  feature to review the charts for consistent price […]
No Hike, But What Next

No Hike, But What Next

S&P 500 couldn‘t decline even premarket below 4,165, and instead rose through 4,188 to be rejected at 4,209 twice. Tired upswing on quite low volume with bonds ultimately rejecting the jubilation right at the bearish gap closure (chart is from our intraday channel) – and still Ellin did so great with intraday longs.Stocks with bonds simply showed daily resilience […]
EUR/USD Price Analysis: Downbeat EU CPI To Weigh On Euro

EUR/USD Price Analysis: Downbeat EU CPI To Weigh On Euro

The EUR/USD price analysis reveals a gloomy outlook as the pair struggles to recover from the recent lows triggered by the disappointing Eurozone inflation report on Tuesday. The dollar, on the other hand, holds steady as investors await the outcome of the FOMC policy meeting.Notably, inflation in the Eurozone is rapidly decreasing, and the economy […]
GBP/USD Forecast: Sees Pressure

GBP/USD Forecast: Sees Pressure

In the end, the British pound’s recent price action reflects its vulnerability and susceptibility to external factors, particularly geopolitical developments and interest rate differentials.  The GBP/USD embarked on an initial upward trajectory during Tuesday’s trading session but subsequently relinquished its gains, revealing renewed vulnerability. Currently positioned toward the lower end of the bearish flat, indications suggest that a significant […]
BTC/USD Forex Signal: Bitcoin Forms A Bullish Pennant Pattern

BTC/USD Forex Signal: Bitcoin Forms A Bullish Pennant Pattern

The pair has moved above the 50-period moving average and the Ichimoku Cloud indicator.  Bullish view Buy the BTC/USD pair and set a take-profit at 36,000. Add a stop-loss at 33,500. Timeline: 1-2 days.  Bearish view Set a sell-stop at 34,000 and a take-profit at 33,000. Add a stop-loss at 36,000. The BTC/USD pair continued consolidating on Wednesday morning as […]
US Market Commentary From

US Market Commentary From

US Data & Fed On WatchLooking ahead today we have plenty to watch in terms of USD action. The October ADP employment number, JOLTS job openings and October ISM all come ahead of the November FOMC meeting due this evening.  US economic resilience has been one of the core market themes recently, helping feed into […]
Japan’s Slow-Motion Train Wreck

Japan’s Slow-Motion Train Wreck

Japan is in the midst of a slow-motion train wreck. The country has a massive national debt and it is starting to feel the pressure of rising interest rates. In his podcast, Peter Schiff talked about the situation in Japan and pointed out some disturbing parallels to what’s happening in the US.The Japanese yen against […]
Inflation Continues To Decline In The Eurozone. Investors Are In No Hurry To Invest In Chinese Stocks

Inflation Continues To Decline In The Eurozone. Investors Are In No Hurry To Invest In Chinese Stocks

At Tuesday’s stock market close, the Dow Jones Index (US30) increased by 0.38%, while the S&P 500 Index (US500) added 0.65%. The NASDAQ Technology Index (US100) closed positive 0.48% yesterday. Stocks closed moderately higher on Tuesday amid mostly better-than-expected corporate earnings results.The US economic news released Tuesday was mixed for the dollar and stock indices. On the positive side, the third quarter […]