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4 Hour Chart Elliott Wave Technical Analysis: Exxon Mobil Corp., Tuesday, Oct. 24

4 Hour Chart Elliott Wave Technical Analysis: Exxon Mobil Corp., Tuesday, Oct. 24

Exxon Mobil Corp., Elliott Wave Technical AnalysisUnsplashExxon Mobil Corp., (XOM): 4H Chart, Tuesday, Oct. 24XOM Stock Market Analysis: We have been anticipating a three wave move into wave 2 which we seem to have got right. At this point as we have broken previous wave {b} top we can start looking at the move up as trend […]
Daily Market Outlook, Tuesday, Oct. 24 
                    
 
 
 
 
 

Daily Market Outlook, Tuesday, Oct. 24          

AsiaAsian stocks edged up on Tuesday, recovering slightly from their lowest level since November 2022, while the dollar softened as traders awaited economic data that could signal the next moves by the U.S. Federal Reserve. Oil prices bounced back from some of the losses of the previous day as markets feared that the war between […]
Japanese Market Commentary – Tuesday, Oct. 24

Japanese Market Commentary – Tuesday, Oct. 24

Freepik Japanese CPI RisesThe Japanese Yen is turning higher today on the back of the latest set of inflation figures, released overnight. BOJ core CPI was seen rising to 3.4% last month, up from 3.3% a month prior and above the 3.3% the market was looking for. With JPY continuing to depreciate over recent weeks, speculation […]
Bonds Are No Longer Boring 
                    
 
 

Bonds Are No Longer Boring    

Historically, treasury bonds have only made sense for conservative investors.FreepikPeople buy these bonds because they want stability, income, and they need to sleep well at night. And since treasury bonds are backed by the full faith and credit of the United States, you can rest assured that money you invest will be returned (with interest).As […]
Charted: Comparing The GDP Of BRICS And The G7 Countries 
                    
 
 

Charted: Comparing The GDP Of BRICS And The G7 Countries    

BRICS is set to add six new member states at the start of 2024, raising questions about the expansion of the group’s growing economic power.FreepikWith its new entrants, the bloc will represent over $30 trillion in GDP or around 29% of the world’s GDP.This graphic compares the GDP of BRICS nations to the G7 by using GDP […]
Coca-Cola Q3 Preview: Are Shares A Buy?

Coca-Cola Q3 Preview: Are Shares A Buy?

Image Source: PixabayEarnings season is always a hectic period for market participants, with an extensive list of companies unveiling quarterly results in the weeks ahead. This cycle will be largely important, particularly following the market’s rebound in 2023 amid shifting sentiment.And soon, we’ll hear from consumer staples titan The Coca-Cola Company (KO). The company’s quarterly print […]
FX Daily: Bond Rally Provides Temporary Reprieve To FX Markets

FX Daily: Bond Rally Provides Temporary Reprieve To FX Markets

Monday’s recovery in US bond markets after the US ten-year Treasury yield hit 5.00% has seen the dollar correct lower. Technically, it looks like this correction could extend, with the most likely channel weaker US equity markets and a repricing at the short-end of the US curve. Look out for PMIs around the world today and possibly […]
Market Briefing For Tuesday, Oct. 24

Market Briefing For Tuesday, Oct. 24

Increased discipline might reasonably describe both equity markets and geopolitics today, even bond markets. Lots of discussion about rates peaking and bond buying, which we touched on last week, but got overshadowed for sure by global events. FreepikYou also have what Goldman Sachs calls a ‘buyback window’ in November. I am thinking that as stocks trip stops (such as S&P breaking […]
Elliott Wave Technical Analysis: VETUSD – Tuesday, Oct. 24

Elliott Wave Technical Analysis: VETUSD – Tuesday, Oct. 24

Image Source: Pixabay Elliott Wave Analysis TradingLounge Daily Chart, 24 October 23 VeChain/U.S. dollar(VETUSD) VETUSD Elliott Wave Technical Analysis Function: Follow trend Mode: Motive Structure: Impulse Position: Wave (3) Direction Next higher Degrees: wave ((3)) of Impulse Wave Cancel invalid Level: 0.01318 Details: wave 3 equal to 161.8% of wave 1 at 0.02759. VeChain/U.S. dollar(VETUSD)Trading Strategy: […]
Asian Stocks Trade Mixed, Focus On The Israel-Hamas Conflicts, High Yields

Asian Stocks Trade Mixed, Focus On The Israel-Hamas Conflicts, High Yields

Image Source: Unsplash Asian equities have a mixed performance on Tuesday amid the Middle East geopolitical tensions and the volatile US Treasury bond yields. Central Huijin Investment Co plans to increase its local ETF holdings, which boosts Chinese stocks. Japanese PMI data showed the ongoing weakness in Asia’s second-largest economy. Investors will monitor the US S&P […]