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AUD/NZD Price Analysis: Looking Bearish After Falling Back Into 1.0700

AUD/NZD Price Analysis: Looking Bearish After Falling Back Into 1.0700

Image Source: Unsplash The AUD/NZD is softening up this week, sifting back into the 1.0700 handle. The Aussie’s jumpstart last week failed to materialize any meaningful bullish momentum. The AUD/NZD has settled back steadily this week, slipping away from last week’s late swing high into 1.0750. The Aussie (AUD) is broadly lower on the week, shedding weight […]
The Bludgeoning Of The Bears Continues

The Bludgeoning Of The Bears Continues

The bludgeoning of the bears continues in 2023. The awfulness began on March 13 when BTFP started and it hasn’t stopped since.Video Length: 00:08:20More By This Author:Call the COPsMacy’s Parade FloatSunday Chart Stroll
Elliott Wave Analysis: Commodity Market

Elliott Wave Analysis: Commodity Market

Image Source: PexelsTradingLounge’s Commodity Market Report – Technical Analysis Elliott Wave, Trading Levels and Trading Strategies Content: Bitcoin, US Bond Yields, USD, DXY, US Gold XAU, GDX, Silver XAG, Gold Stocks, Iron Ore, Copper, Uranium, Crude Oil, Natural Gas. Commodities Market Summary: Until the wave count on the USD DXY is confirmed, I cannot confirm the wave […]
Russell 2000 Recovers Intraday In Preperation For Upside Follow Through

Russell 2000 Recovers Intraday In Preperation For Upside Follow Through

Image Source: UnsplashI’m doing a bit of intraday trading as part of TopStep’s Trading Combine just to see how feasible day trading is. One thing I have been waiting for is the upside follow-through in the Russell 2000 (IWM). I have watched as sellers have attempted, and failed, to undercut the swing low of the ‘bull […]
Stock Analysis: Rexel SA

Stock Analysis: Rexel SA

Image Source: Unsplash Rexel SA (RXLSF) is a provider of electrical products and services to residential, nonresidential, and industrial markets. Their products include (1) electrical equipment such as appliances and accessories, cables and routing, lighting, security and communication, home automation, climate control, and (2) building management systems used in the construction, renovation, and maintenance of buildings […]
Non-Inflation Release Items: Oil, Urals, Gas Prices, Inflation Expectations, China Deflation

Non-Inflation Release Items: Oil, Urals, Gas Prices, Inflation Expectations, China Deflation

Oil prices, Urals vs. Brent, gasoline prices weekly through yesterday, one-year-ahead y/y inflation forecasts, and China in deflation (again).STEO on oil prices (WTI) from today’s release: Urals Price vs. Brent as of 12/11: Gasoline prices thru 12/11: One year ahead CPI inflation expectations – why is the Michigan survey so volatile (or why is the […]
Macro: NFIB Small Business Trends – It’s All About Expectations And Outlooks

Macro: NFIB Small Business Trends – It’s All About Expectations And Outlooks

Image Source: PixabayThe headline index ticked down .1 to 90.6. This is the 23rd consecutive month of sentiment below the 50-year average of 98.The index surveys members of the National Federation of Independent Businesses and reports net numbers. When asked if the economy will improve, a net 42% of members surveyed said No. If no one […]
What 2024 Looks Like For GameStop

What 2024 Looks Like For GameStop

Image courtesy of 123rf.com Over the month, GameStop (NYSE: GME) gained 21% following Q3 earnings under the new leadership of CEO Ryan Cohen. However, investors in this iconic video game retailer are still down 11% year-to-date, recently holding at $15.24. Zooming out further, during the social media orchestrated short squeeze, GameStop reached its all-time-high record of $483 per […]
Stocks And Precious Metals Charts – The FOMC Tomorrow

Stocks And Precious Metals Charts – The FOMC Tomorrow

Stocks rallied higher and went out on the highs.The VIX has now dropped to the low for the year.The Dollar declined on the risk on trade and slightly lower interest rates.Gold and silver were under pressure and ended up a little lower.FOMC tomorrow. Stocks are priced for perfection. Be careful Jay.The December triple witch option […]
Market Talk – Tuesday, Dec. 12

Market Talk – Tuesday, Dec. 12

ASIA:The major Asian stock markets had a mixed day today: NIKKEI 225 increased 51.90 points or 0.16% to 32,843.70 Shanghai increased 12.00 points or 0.40% to 3,003.44 Hang Seng increased 173.01 points or 1.07% to 16,374.50 ASX 200 increased 36.30 points or 0.50% to 7,235.30 Kospi increased 9.91 points or 0.39% to 2,535.27 SENSEX decreased […]