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Gold Still In Position For Breakout By End Of Year

Gold Still In Position For Breakout By End Of Year

Image Source: UnsplashGold closed October at $1994, failing to close above monthly resistance at $2000.Monthly and quarterly resistance remains at $2000, while yearly resistance remains at $1900. Should Gold close at $2010 or higher on December 31 then it will make a new yearly, quarterly, and monthly high.Video Length: 00:05:21More By This Author:Can Gold Make Monthly […]
Financial Markets Report For Tuesday, October 31

Financial Markets Report For Tuesday, October 31

Image source: PixabayIn this video, Ira Epstein reviews the activity in the Financial Markets after the day that just ended, Tuesday, October 31.Video Length: 00:09:53More By This Author:Metals Report For Tuesday, October 31SPDR ETF Report For Monday, October 30 Financial Markets Report For Monday, October 30
Elliott Wave Technical Analysis: BTCUSD – Wednesday, Nov. 1

Elliott Wave Technical Analysis: BTCUSD – Wednesday, Nov. 1

Elliott Wave Analysis TradingLounge Daily Chart, 1 November 23, Bitcoin/U.S. dollar(BTCUSD) BTCUSD Elliott Wave Technical Analysis Function: Follow Trend Mode: Motive Structure: Impulse Position: Wave((3)) Direction Next higher Degrees: wave I of Impulse Wave Cancel invalid level: Details: Impulse’s five-wave rise. Bitcoin/U.S. dollar(BTCUSD)Trading Strategy: The increase continues the Impulse pattern. We are now in wave […]
Asia Morning Bites For Wednesday, November 1

Asia Morning Bites For Wednesday, November 1

Image Source: Pixabay Japan’s Ministry of Finance “stands ready” to intervene after disappointment with yesterday’s yield curve control tweak roils the JPY.Global Macro and Markets Global Markets: US stocks again made small gains on Tuesday. The S&P 500 rose 0.65% while the NASDAQ rose 0.48%. Equity futures are looking quite negative, so we may see a little profit-taking […]
FBI Director Warns Threat Of Attacks By Hamas On American Soil Raised “To A Whole Other Level”

FBI Director Warns Threat Of Attacks By Hamas On American Soil Raised “To A Whole Other Level”

Image Source: Unsplash “The reality is that the terrorism threat has been elevated throughout 2023 but the ongoing war in the Middle East has raised the threat of an attack against Americans in the United States to a whole ‘nother level.” That is the scenario FBI Director Chris Wray led with during a Senate Homeland Security […]
USD/JPY Retreats From The Yearly High, Hovers Above 151.00

USD/JPY Retreats From The Yearly High, Hovers Above 151.00

Image Source: Unsplash USD/JPY strengthened as the BoJ scrapped the 1% ceiling for the 10-year government bond yield. BoJ Governor Ueda expressed fear about inflation not reaching long-term targets. Japan’s Chief Cabinet Secretary Matsuno engaged in some verbal intervention to bolster the yen. USD/JPY trades around 151.20 during the Asian session on Wednesday, pulling back from the […]
Don’t Confuse Supply With Quantity Supplied

Don’t Confuse Supply With Quantity Supplied

Image Source: PexelsOther things equal, a reduction in price leads to a lower quantity supplied.But other things equal, the price never changes. Price always changes because other things are not equal.This tweet caught my eye:This is an example of what I call “reasoning from a price change”. Don’t do it!Most advocates of increased housing construction are proposing measures that would […]
Current Analysis: Corning Incorporated

Current Analysis: Corning Incorporated

Image Source: UnsplashCorning Incorporated (GLW) is a leader in materials science, specializing in the production of glass, ceramics, and optical fiber.The firm supplies products for a wide range of applications, from flat-panel displays in televisions to gasoline particulate filters in automobiles to optical fiber for broadband access, with a leading share in many of its end […]
How Geopolitical Tensions In Israel Impact Forex Markets

How Geopolitical Tensions In Israel Impact Forex Markets

Image Source: UnsplashThe forex market is very sensitive to many events across the globe. Some examples that affect the market include extreme weather conditions, natural occurrences, economic and geopolitical events. Notably, geo-political events are some of the key movers of the forex market. We already saw the geopolitical tensions between Russia and Ukraine have a significant impact […]
This Bull Trap Could Be A Huge Payday Into FOMC

This Bull Trap Could Be A Huge Payday Into FOMC

Image Source: UnsplashFOMC Tomorrow – Let’s Go!Markets pushed higher most of the day today…But once you see this trend-line on the 60minute, you’ll see why this BULL TRAP is my favorite trade for tomorrow!Emini and Nasdaq are both bullish, but we’re running into multiple resistance zones on the 60minute…I’d love to grab a BULL TRAP up […]