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The Commodities Feed: OPEC+ Week

The Commodities Feed: OPEC+ Week

Image Source: Unsplash  Sentiment remains fairly negative in the oil market, given the ongoing dispute within OPEC+ over production quotas. However, there are reports of progress ahead of the group’s meeting on Thursday.  Energy – OPEC+ makes progressSentiment in the oil market remains negative. ICE Brent settled a little more than 1% lower on Friday, which […]
USD/JPY Forecast: Find Buyers Underneath 
                    
 

USD/JPY Forecast: Find Buyers Underneath  

In the Friday trading session, the USD/JPY initially experienced a decline, but significant support near the 50-Day Exponential Moving Average suggests a potential reversal. The market is gearing up to challenge and possibly surpass the ¥150 level. The quiet trading atmosphere over the last couple of days, influenced by the Thanksgiving holiday and the typically subdued Friday […]
Back To Fuller Form As US Returns

Back To Fuller Form As US Returns

Image Source: Pixabay  Markets will get back to fuller form this Monday as the US returns from the holiday break. As things stand, we’ve seen a wave of Dollar selling and risk on flow in recent days, mostly on the back of an expectation that inflation has peaked in the US.Video Length: 00:00:53More By This Author:Where […]
Slate Money Travel: Maybe We Should Walk

Slate Money Travel: Maybe We Should Walk

Audio Length: 00:31:53   In this episode of Slate Money Travel, Felix Salmon speaks with Craig Mod about why he loves to walk on vacation. Check out Craig Mod’s latest book, “Things Become Other Things”. More By This Author:The Bully Of Bridgewater SBF – Sweaters, Birkenstock, FTX Is Ozempic Eating Into Snack Profits?
Daily Market Outlook – Monday, Nov. 27

Daily Market Outlook – Monday, Nov. 27

Image Source: Pixabay  Asia – At the beginning of the week, equity markets in the Asia-Pacific region were subdued due to geopolitical headlines dominating newsflow over the weekend. There was uncertainty over whether the Israel-Hamas truce would be extended beyond the initial four-day agreement. The Nikkei 225 wiped out its opening gains and participants digested Japanese […]
S&P 500: SPX Index Could Have A Pullback As Double-Top Forms

S&P 500: SPX Index Could Have A Pullback As Double-Top Forms

The S&P 500 index (SPX) has been in a remarkable rally in the past few weeks as the momentum has accelerated. The index jumped to a high of $4,560, its highest point since August 1st. It is also nearing the year-to-date high of $4,603.  Peak Federal Reserve hikesThe SPX index has been in a strong uptrend as investors […]
Natural Gas Futures: Scope For Extra Decline

Natural Gas Futures: Scope For Extra Decline

Considering advanced prints from CME Group for natural gas futures markets, open interest increased by around 3.2K contracts at the end of last week, reversing at the same time three consecutive daily drops. In the opposite direction, volume dwindled for the second straight day, now by more than 54K contracts.  Natural Gas: Next on the […]
Weekly Market Pulse: Some Things To Be Thankful For

Weekly Market Pulse: Some Things To Be Thankful For

We have a lot to be thankful for here in the US of A. It is sometimes hard to remember that while being constantly bombarded by negative news, about the economy and the country more generally.FreepikI don’t like to comment about politics – I have to watch my blood pressure these days – so I’ll […]
Elliott Wave Technical Analysis 4 Hour Chart: U.S. Dollar/Japanese Yen – Monday, Nov. 27

Elliott Wave Technical Analysis 4 Hour Chart: U.S. Dollar/Japanese Yen – Monday, Nov. 27

Image Source: Pixabay  USDJPY Elliott Wave Analysis Trading Lounge 4 Hour  Chart, 27 November 2023U.S. Dollar/Japanese Yen (USDJPY) 4 Hour ChartUSDJPY Elliott Wave Technical AnalysisFunction: Counter TrendMode: ImpulsiveStructure: 5 of 1Position: blue wave 1Direction Next Higher Degrees: red wave 5(started)  Details: red wave 4 of 1 looking completed at 149.754, now red wave 5 of 1 […]
Can The Gold Bulls Pull Through?

Can The Gold Bulls Pull Through?

If you consider our position as human beings trying to understand the world in which we live, you will find that we cannot confine our thinking to subjects that are independent of our thinking. We must make decisions about our lives and in order to do so we must hold views that do not qualify […]