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Elliott Wave Technical Analysis: Eli Lilly & Co.

Elliott Wave Technical Analysis: Eli Lilly & Co.

Image Source: Pexels  Eli Lilly & Co., Elliott Wave Technical AnalysisEli Lilly & Co., (NYSE: LLY): 4h Chart 28 November 2023LLY Stock Market Analysis: Looking for a triangle in wave (b) as we seem to be near the end of the correction. There is a potential head and shoulder pattern which would furthermore confer the count. […]
US Home Prices Rose For The 7th Straight Month In September… Led By Detroit

US Home Prices Rose For The 7th Straight Month In September… Led By Detroit

Home prices in America’s 20 largest cities rose for the 7th straight month in September (the latest data released by S&P Global Case-Shiller today), up 0.67% MoM (slightly worse than the +0.8% MoM expected).That pushed the YoY rise in prices up 3.92% – the fastest pace since Dec ’22 – but as the chart shows […]
GBP/USD Forecast: Is At An Important Area

GBP/USD Forecast: Is At An Important Area

Given the current momentum, a pullback seems almost inevitable. During Monday’s trading session, the GBP/USD experienced a notable rally, only to relinquish its gains shortly, thereafter, indicating a sense of hesitation among traders. This reaction doesn’t come as a surprise, given the current overstretched state of the market. It appears that the market may be gearing up for […]
Dow Jones Forecast: Stocks Set For A Muted Start Ahead Of Consumer Confidence Data

Dow Jones Forecast: Stocks Set For A Muted Start Ahead Of Consumer Confidence Data

Image Source: Pixabay  US futuresDow futures -0.04% at 35320S&P futures -0.13% at 4544Nasdaq futures -0.12% at 15936In EuropeFTSE -0.34% at 7438Dax -0.12% at 15960 Stocks muted ahead of Thursday’s inflation data US consumer confidence is expected to slip to 101 vs 102.1 previously Shein files for a US IPO Oil traders are on the sideline ahead […]
Stocks Will Hit New All Time Highs Before February 1, 2024

Stocks Will Hit New All Time Highs Before February 1, 2024

The S&P 500 is consolidating after one of its best monthly performances in the last 30 years.Thus far in November, the S&P 500 is up 8.5%. If the month ended today, it would be one of the top 10 monthly returns for the S&P 500 in the last 30 years. We rode this rally the […]
Adobe Shares Dip In Premarket As CMA Says Figma Deal Can Harm Design Market

Adobe Shares Dip In Premarket As CMA Says Figma Deal Can Harm Design Market

Image Source: Unsplash  Adobe’s stock slipped 0.5% in Tuesday’s premarket after CMA said the Photoshop maker’s proposed $20B buyout of Figma could harm the design sector.UK regulator Competition and Markets Authority (CMA) unveiled findings from its in-depth investigation of the $20 billion Adobe-Figma deal, saying the buyout could put the UK’s design sector at risk and reduce competition. Adobe’s stock […]
GBP/USD Analysis: Caution Against Profit-Taking Sales 
                    
 
 

GBP/USD Analysis: Caution Against Profit-Taking Sales    

After the recent sharp gains, the exchange rate of the British Pound against the US Dollar (GBP/USD) tends to extend its upward trend in the coming days, although the crowded schedule of economic releases in the United States may lead to fluctuations. FreepikMoreover, the upward rebound gains for the GBP/USD reached the resistance level of 1.2645, […]
Bear Of The Day: Hilton Grand Vacations

Bear Of The Day: Hilton Grand Vacations

Hilton Grand Vacations Inc. (HGV) is a timeshare company exclusive to Hilton. This Zacks Rank #5 (Strong Sell) saw growth decelerate in the third quarter as the economy slowed.Hilton Grand Vacations develops and operates a system of vacation ownership resorts in select vacation destinations. It has more than 525,000 Club members around the world. Another Earnings Beat […]
Eurozone Bank Lending Continues To Weaken As Economy Adjusts To Higher Rates

Eurozone Bank Lending Continues To Weaken As Economy Adjusts To Higher Rates

Image source: Pixabay  Loans to businesses are now 0.3% lower than in October last year, the first annual decline since July 2015. This confirms that monetary tightening is having a clear effect on the economy. A divide between countries is also opening up, with Southern European countries mainly contributing negatively to the declineThe October bank lending […]
RBNZ Decides On Interest Rates While Its Mandate Is Under Question 
                    
 
 
 

RBNZ Decides On Interest Rates While Its Mandate Is Under Question      

The Reserve Bank of New Zealand (RBNZ) interest rate decision will be one of the major financial events this week. The RBNZ was one of the first major central banks in the world to tighten its monetary policy as well as one of the first to pause raising borrowing costs.FreepikThe RBNZ’s mandate is under scrutiny as […]