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4 Hour Chart Elliott Wave Technical Analysis: AUDJPY – Tuesday, November 14

Nov 14, 2023 Jeremy Parkinson Finance, No picture 0

AUDJPY Elliott Wave Analysis Trading Lounge 4 Hour Chart,14 November 23Australian Dollar / Japanese Yen (AUDJPY) 4 Hour ChartAUDJPY Elliott Wave Technical AnalysisFunction: Counter TrendMode: impulsive Structure: red wave 3 of 1 Position: Black wave CDirection Next lower Degrees: red wave 3 of 1 (continue)Details: Red wave 2 looking completed at 97.116 . Now red […]

Tuesday Talk: What’s Going On?

Nov 14, 2023 Jeremy Parkinson Finance 0

The stock market rallied last week. The S&P 500 closed 51 points higher, the Dow closed 191 points higher, and the Nasdaq Composite closed 284 points higher. But is the rally real?FreepikYesterday after faltering in the morning on the news of the Moody’s credit downgrade, the market recovered and closed at around Friday’s levels. The S&P […]

Analytical Overview Of The Main Currency Pairs On 2023.11.14

Nov 14, 2023 Jeremy Parkinson Finance 0

The EUR/USD currency pairTechnical indicators of the currency pair: Prev Open: 1.0682 Prev Close: 1.0697 % chg. over the last day: +0.14 % The October inflation report will be released today in the US. Economists expect core inflation (excluding food and energy prices) to remain unchanged at 4.1% y/y, while overall CPI is expected to decline from 3.7% to 3.3% y/y. […]

U.S. Market Commentary – Tuesday, November 14

Nov 14, 2023 Jeremy Parkinson Finance 0

CPI in SightThe US Dollar is trading lower today ahead of the upcoming October CPI release this afternoon. On the back of recent Fed commentary, the data is drawing plenty of attention and will be used as a strong benchmark for gauging whether the Fed will hike rates again this year. We heard from a […]

Day Chart Elliott Wave Technical Analysis AUDJPY – Tuesday, November 14

Nov 14, 2023 Jeremy Parkinson Finance, No picture 0

AUDJPY Elliott Wave Analysis Trading Lounge Day Chart,14 November 23Australian Dollar / Japanese Yen(AUDJPY) Day ChartAUDJPY Elliott Wave Technical AnalysisFunction: Counter TrendMode: impulsive Structure: blue wave 1 of black wave C Position: Black wave CDirection Next lower Degrees: blue wave 1 (started)Details: black wave B completed at 97.615 , Now blue wave 1 of black […]

Elliott Waves Shows Neutral Stage For USD Ahead Of US CPI

Nov 14, 2023 Jeremy Parkinson Finance 0

The stock market concluded the week on a high note, leading to gains in European markets as well. This positive sentiment may be attributed to the anticipated discussions between the U.S. and China. However, the stock market’s potential for further growth might be limited due to Moody’s decision to revise the U.S. government credit rating […]

AMD’s New AI Accelerators: A License To Print Money?

Nov 14, 2023 Jeremy Parkinson Finance 0

Shares of semiconductor leader Advanced Micro Devices (AMD) have surged with the introduction of its new artificial intelligence (AI) accelerator, the MI300, which investors anticipate emerging as a competitive alternative to Nvidia’s (NVDA) GPUs and become a license to print money for AMD much as the H100 has done for NVIDIA. BackgroundLast January AMD Chairman and […]

FX Daily: Inflation Figures Carry Some Downside Risks To The Dollar

Nov 14, 2023 Jeremy Parkinson Finance, No picture 0

Photo by Ibrahim Boran on UnsplashThe dollar risks another correction event today as inflation may slow a bit more than expected, even though core stickiness should prevent a major repricing of rate expectations. EUR/USD might also helped by a marginal improvement in the ZEW. Elsewhere, UK wages were good news for the BoE in our view, […]

Bitcoin And Ethereum: Bitcoin Fell To $36200 This Morning

Nov 14, 2023 Jeremy Parkinson Finance 0

Bitcoin chart analysisThe price of Bitcoin (BITCOMP) was in retreat to the $36,200 level this morning. In this zone, we encounter the EMA50 moving average and manage to get its support. After that, we started a new positive consolidation and grew to $36,700. Today’s consolidation tells us that we could expect to see a continuation […]

Elliott Wave Technical Analysis: Costco Wholesale Corp – Tuesday, November 14

Nov 14, 2023 Jeremy Parkinson Finance, No picture 0

Costco Wholesale Corp.,Elliott Wave Technical AnalysisCostco Wholesale Corp.,(COST): 4h Chart 14 November 23COST Stock Market Analysis: We have been looking for upside into wave 3 as has a three wave move into what seems to be Minor wave 2. Now looking for upside resumption as we managed to break previous highs. COST Elliott Wave Count: […]