Archives by Month:

Archives by Year:

Market Briefing For Tuesday, Nov. 28

Market Briefing For Tuesday, Nov. 28

Zombie market – following the holiday weekend. Fortunately no huge crisis on the surface…Freepik…while retaliation for the latest attack on a US Navy Destroyer looms as a prospect (in fact failure to respond invites a different interpretation by the terrorists…in Yemen, Iran or wherever… so far messages not received).  I’ll expand on markets more tomorrow, this remains […]
EUR/USD Forex Signal: Extremely Bullish Above 1.0965

EUR/USD Forex Signal: Extremely Bullish Above 1.0965

Bearish view Sell the EUR/USD pair and set a take-profit at 1.0850. Add a stop-loss at 1.1025. Timeline: 1-2 days. Bullish view Set a buy-stop at 1.0965 and a take-profit at 1.1035. Add a stop-loss at 1.0900. The EUR/USD exchange rate held steady near its highest level this month after a hawkish statement by Christine Lagarde, the head of […]
4 Hour Chart Elliott Wave Technical Analysis: GBPAUD – Tuesday, November 28

4 Hour Chart Elliott Wave Technical Analysis: GBPAUD – Tuesday, November 28

Image Source: UnsplashGBPAUD Elliott Wave Analysis Trading Lounge 4 Hour Chart, 28 November 23British Pound/ Australian Dollar(GBPAUD) 4 Hour ChartGBPAUD Elliott Wave Technical AnalysisFunction: TrendMode: impulsiveStructure: red wave 3 of 1Position: blue wave 1 of black wave 3Direction Next lower  Degrees: red wave 3 of 1 (started)Details: red wave 2 of 1 looking completed at 1.91910. […]
Rates Spark: Looking Down, Just About

Rates Spark: Looking Down, Just About

Image Source: UnsplashNothing like a few auctions to help test the temperature. Yields sailed lower yesterday through the 2yr and 5yr UST auctions, which did not help their stats. Today’s 7yr auction might be a better test. EUR rates retraced late last week’s move higher as pushback from the European Central Bank appears tame so far.  US […]
SPDR ETF Report For Monday, November 27

SPDR ETF Report For Monday, November 27

Image Source: PixabayIn this video, Ira Epstein reviews the day’s trading in various SPDR-ETF markets for the trading day just ended, Monday, November 27.Video Length: 00:15:44More By This Author:Financial Markets Report For Monday, November 27 Metals Report For Monday, November 27 SPDR ETF Report For Friday, November 24
USD/CHF Attempts To Rebound From Three-Month Lows, Trades Above 0.8800

USD/CHF Attempts To Rebound From Three-Month Lows, Trades Above 0.8800

Image Source: Unsplash USD/CHF receives downward pressure as the Fed is expected to reduce 85 bps rate cuts in 2024. US Dollar trades with a negative sentiment as risk-on sentiment improves. Traders await Swiss ZEW Survey Expectations to gain further insights into business conditions in Switzerland. USD/CHF trades above the 0.8800 psychological level during the Asian […]
The Multi-Billion Dollar Bet On AI: A Fascinating Look Into The Future Of Transformative Technology

The Multi-Billion Dollar Bet On AI: A Fascinating Look Into The Future Of Transformative Technology

Image Source: PixabayHundreds of billions of dollars are being poured into AI. It’ll be fascinating to see, in the years ahead, how this pays off, and if it pays off, since it could transform society (or at least the world of work) in ways that are hard to anticipate.More By This Author:Seeking The Peak A Nation […]
Long-Term Inflation Expectations Hit 15-Year High

Long-Term Inflation Expectations Hit 15-Year High

The consumer sentiment survey for long-term inflation expectations hit a 15-year high today. This comes at the end of the second-greatest Fed tightening cycle in history. Moreover, the 1-year inflation expectation rebounded significantly.Meanwhile, Oil and commodity prices are down materially. Throw in commodity inflation and inflation expectations, without a recession, could surge.Video Length: 00:07:18More By […]
Elliott Wave Technical Analysis: AAVEUSD – Tuesday, November 28

Elliott Wave Technical Analysis: AAVEUSD – Tuesday, November 28

Image Source: PixabayElliott Wave Analysis TradingLounge Daily Chart, 28 November 23,AAVE / U.S. dollar(AAVEUSD)AAVEUSD Elliott Wave Technical AnalysisFunction: Counter TrendMode: CorrectiveStructure: ZigzagPosition: Wave (B)Direction Next higher Degrees: Wave ((2)) of ImpulseWave Cancel invalid Level: 50.391Details: the corrective in wave 2 trend to 61.8% of wave 1 at 71.177AAVE / U.S. dollar(AAVEUSD)Trading Strategy: The rise in Wave […]
Asia Morning Bites For Tuesday, November 28

Asia Morning Bites For Tuesday, November 28

Image Source: UnsplashGlobal macro and markets Global markets: Despite what had been an apparently disappointing auction, 2Y US Treasury yields dropped 6bp yesterday to 4.888%, while yields on the 10y fell 8bp to 4.387%. 5Y bonds were also auctioned yesterday and even though the bid-cover ratio was down, yields still managed to fall 7.4bp to 4.411%. US […]