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FX Daily: Dollar At The Crossroads

FX Daily: Dollar At The Crossroads

Image Source: Pixabay  FX markets are relatively quiet as traders focus on slowing inflation in Europe, poor EV sales from Tesla, and steady US data. The next big story will be whether investors cut their expectations for 2024 Fed rate cuts to just two from three and the dollar needs another leg higher. Precious metals suggest […]
Currencies And Stocks Out Of Sync

Currencies And Stocks Out Of Sync

Image Source: Pixabay  We’ve been in this weird period of trading where currencies and stocks are out of sync with one another. Key standouts on Wednesday’s calendar come from Eurozone inflation, US ADP employment, Canada PMI reads, US ISM services PMIs, and Fed speak.Video Length: 00:01:28More By This Author:Are US Equities At Risk For Bearish Reversal? […]
Forex Today: Gold Makes New Record At $2,288

Forex Today: Gold Makes New Record At $2,288

Image Source: Pexels A few hours ago, spot Gold again rallied to a new all-time high at $2,288. Gold tends to be positively correlated with risk assets, many of which have been enjoying rallies to new highs in recent days. Trend traders will want to be long here. Other precious metals have also been seeing gains, with Silver now trading at a […]
Super-Not-Impressive AI

Super-Not-Impressive AI

Photo by Steve Johnson on UnsplashI’m a tech guy. I think I’ve got the bona fides to prove it. Worked with computers since 1979. Online since 1982. Over twenty published books. Started and sold a software company. Always bought the latest stuff. Wrote a book about interconnected computers around the world in 1982, which was more than a decade before […]
Stock Investing For Kids: Surefire Path To Success!

Stock Investing For Kids: Surefire Path To Success!

Image Source: PexelsThe fundamental tenets of Mass Psychology, Mob psychology, and contrarian investing highlight the extreme peril of embodying a lemming in financial health matters. As Mark Twain once remarked, “Whenever you find yourself on the side of the majority, it is time to pause and reflect.” Adopting a lemming-like approach to ensure your portfolio’s well-being is unequivocally detrimental; […]
What Is Unearned Income? Understand How It Works

What Is Unearned Income? Understand How It Works

Image Source: PexelsThe dream of dividend growth investing is to create a large enough passive income stream that a person does not need a regular job and salary. Real estate investors have a similar motivation. They want to generate rental income from their properties. The Internal Revenue Service (IRS) views these income sources differently than W-2 wages. They […]
Elliott Wave Technical Analysis: Bitcoin Crypto Price News

Elliott Wave Technical Analysis: Bitcoin Crypto Price News

Image Source: UpsplashElliott Wave Analysis TradingLounge Daily Chart,Bitcoin/ U.S. dollar(BTCUSD)BTCUSD Elliott Wave Technical AnalysisFunction: Counter TrendMode: CorrectiveStructure: Double ZigzagPosition: Wave ((Y))Direction Next higher Degrees: wave (III)Wave Cancel invalid level: 31046.25Details: The corrective of Wave IV is equal to 38.2% of Wave III at 57663Bitcoin/ U.S. dollar(BTCUSD)Trading Strategy:After the black III wave continued to rise for a long […]
China Is The World Leader In Battery Recycling

China Is The World Leader In Battery Recycling

Image Source: UnsplashAs many countries around the world scramble towards a green transition, a new era of electric cars is being ushered in and with it comes the need for batteries.While these batteries – also needed for home, industrial and grid energy storage – are being newly manufactured, Statista’s Anna Fleck reports that the market for the recycling of lithium-ion batteries is growing […]
Nifty Pullback Should Continue To Find Buyers

Nifty Pullback Should Continue To Find Buyers

Image Source: UnsplashShort Term Elliott Wave view in Nifty suggests rally from 1.24.2024 low is in progress as a diagonal. Up from 1.24.2024 low, wave (i) ended at 22297.5 and pullback in wave (ii) ended at 21860.55. The Index then rallied higher in wave (iii) towards 22463.65 and dips in wave (iv) ended at 2224.35. Final leg wave […]
Metals Report For Tuesday, April 2

Metals Report For Tuesday, April 2

Image Source: PixabayIn this video, Ira Epstein reviews the day’s trading in the gold and other relevant metal markets.Video Length: 00:09:50More By This Author:Financial Markets Report For Tuesday, April 2 Metals Report For Monday, April 1 SPDR ETF Report For Monday, April 1