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Elliott Wave Technical Analysis: Australian Dollar/Japanese Yen – Friday, March 15

Elliott Wave Technical Analysis: Australian Dollar/Japanese Yen – Friday, March 15

Image Source: Pixabay  AUDJPY Elliott Wave Analysis Trading Lounge Day Chart, 15 March 2024  Australian Dollar / Japanese Yen(AUDJPY) Day Chart  AUDJPY Elliott Wave Technical Analysis  FUNCTION: Trend          MODE: impulsive          STRUCTURE: Red wave 3          POSITION:  Blue wave 1          DIRECTION NEXT HIGHER […]
FX Daily: The Yen Needs A Dovish Fed More Than A Hawkish BoJ

FX Daily: The Yen Needs A Dovish Fed More Than A Hawkish BoJ

Image Source: Pixabay  Japanese negotiated wages were reported at 5.3% this morning, the highest in 30 years. After some local media suggested the BoJ is preparing to hike next week, a move at the 19 March meeting seems likely. However, the yen is struggling to trade higher, showing how a US Treasury selloff can still overcome the […]
EUR/JPY Finds Some Support Above The 161.00 Mark, Focus On BoJ Rate Decision

EUR/JPY Finds Some Support Above The 161.00 Mark, Focus On BoJ Rate Decision

 Image Source: Pixabay   EUR/JPY trades on a softer note around 161.15 in Friday’s early European session.  BoJ’s Ueda said that policymakers will discuss whether the outlook is favorable enough to phase out the massive monetary stimulus.  ECB’s Lane said March data showed progress on inflation, but ECB needs more time to decide when to ease […]
Is It Just Too Much To Ignore?

Is It Just Too Much To Ignore?

Image Source: Unsplash  Earlier this week, US CPI data came out hotter than expected, which should have had the market a little more worried about less investor friendly tweaks to Fed policy next week. And yet, the market shrugged off the data with stocks continuing to track in record high territory.Video Length: 00:01:28More By This Author:Investors […]
Current Analysis: H. Lundbeck

Current Analysis: H. Lundbeck

TM Editors’ note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence.Image Source: UnsplashH. Lundbeck (HLUBF) is a Denmark-based pharmaceutical firm that focuses on the development and commercialization of central nervous system drugs including antidepressants, antipsychotics, and antiepileptic products.The company’s portfolio includes Abilify Maintena and Rexulti […]
Inflationary Pressure Coming For Retail As US PPI Doubles

Inflationary Pressure Coming For Retail As US PPI Doubles

Image Source: Pixabay Consumers beware – new PPI data suggests seller inflation is rising in the US. Latest statistics from the U.S. Bureau of Labor Statistics show double the PPI for February as for January. These risen prices are likely to be passed on to consumers in future months. Yesterday, the U.S. Bureau of Labor Statistics reported that […]
Profiting From Tesla Shorts: A Continuing Saga

Profiting From Tesla Shorts: A Continuing Saga

Image Source: PexelsSorry to keep doing victory laps on this, but my Tesla (TSLA) short call is the gift that keeps on giving. Every single thing about this chart screamed “death”, and I think it’s got way, way, WAY farther to fall. So……yer welcome.Last week, Rivian (RIVN) did some kind of product launch which had people […]
PBOC Held Rates Steady In March

PBOC Held Rates Steady In March

The PBOC held the 1-year medium-term lending facility (MLF) rate at 2.5% in March. The PBOC remains on a dovish tilt, but depreciation pressure on the RMB limits room for monetary easing in China before global central banks start to cut rates. The PBOC will likely time its rate cuts carefully to support a broader […]
Elliott Wave Technical Analysis: BNBUSD – Friday March 15

Elliott Wave Technical Analysis: BNBUSD – Friday March 15

Image Source: PexelsElliott Wave Analysis TradingLounge Daily Chart, 15 March 24,Binance coin/ U.S. dollar(BNBUSD)BNBUSD Elliott Wave Technical AnalysisFunction: Follow TrendMode: MotiveStructure: ImpulsePosition: Wave 3Direction Next higher Degrees: wave (3))Wave Cancel invalid level: 287.5Details: Wave 3 is equal to 261.8% of wave 1 at 592.8Binacecoin/ U.S. dollar(BNBUSD)Trading Strategy:BNB is still in an uptrend, with an ongoing opportunity […]
As The Election Shifts Into High Gear, Consider Getting More Cautious

As The Election Shifts Into High Gear, Consider Getting More Cautious

Presidential elections and market corrections have a long history of companionship. Given the rampant rhetoric between the right and left, such is not surprising. Such is particularly the case over the last two presidential elections, where polarizing candidates trumped policies. From a portfolio management perspective, we must understand what happens during election years concerning the […]