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Elliott Wave Technical Forecast: Unlocking ASX Trading Success: Fortescue Ltd.

Elliott Wave Technical Forecast: Unlocking ASX Trading Success: Fortescue Ltd.

Image Source: Unsplash  ASX: Fortescue Ltd. – FMG Elliott Elliott Wave Technical Analysis TradingLounge (1D Chart)Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with FORTESCUE LTD – FMG. We’ve identified that wave ((ii)) in green has recently bottomed out, and wave ((iii)) in green is now unfolding to push significantly higher.ASX: Fortescue Ltd. – FMG Elliott Wave Technical […]
Rates Spark: Patience Needed For Next Data Guidance

Rates Spark: Patience Needed For Next Data Guidance

Image Source: Pixabay  Some upward drift in 10y UST yields was observed on Thursday but at 4.37% it remains still well below the 4.5% handle. The market focus is already on the next inflation readings, but first, PMI data next week will guide sentiment about US and eurozone growth. Diverging PMI directions of the two regions could narrow UST-Bund […]
The Dollar Continues To Recover

The Dollar Continues To Recover

Image Source: Pexels  Overview: The dollar’s recovery that began yesterday has extended into today’s activity. The greenback is higher against all the G10 currencies and most emerging market currencies, but the Indian rupee and Mexican peso. The BOJ did not reduce its bond buying at today’s operation and the market sold the yen on the news. After […]
Common Pitfalls In Short-Term Trading And How To Avoid Them

Common Pitfalls In Short-Term Trading And How To Avoid Them

Image Source: Pexels  When I first ventured into short-term trading, I was drawn by the prospect of quick profits and the excitement of fast-paced market movements. However, the initial thrill soon gave way to a series of challenges that I hadn’t anticipated. Here, I share some common mistakes that many novice traders, including myself, often make […]
NASDAQ 100 Forecast: NASDAQ 100 Continues To Rally

NASDAQ 100 Forecast: NASDAQ 100 Continues To Rally

 After all, the bulk of stock indices in the United States are driven by algorithmic trading, and then of course the NASDAQ 100 is not an equal weighted index, and therefore if you get all of the right stocks moving in the same direction, it has an outsized influence on the market. Technical AnalysisQuite simply put, the technical analysis on this market […]
The Strategic Petroleum Reserve Is Not Being Refilled

The Strategic Petroleum Reserve Is Not Being Refilled

Image Source: Pixabay  Over the past week, multiple stories have appeared in the media with headline phrases like “The U.S. is refilling the Strategic Petroleum Reserves.” However, this is misleading at best.To recap, the SPR is maintained by the U.S. Department of Energy, and its oil stocks are stored in huge underground salt caverns at four […]
Copper Market Commentary – Friday, May 17

Copper Market Commentary – Friday, May 17

Copper Holding at HighsThe rally in copper prices has become one of the big sleeper trades of the year so far with copper futures rallying over 40% off the YTD lows and breaking out to new all-time highs. Indeed, January has been the only losing month for the metal with demand surging higher each month […]
Shiba Inu Whale Nets $3.2m, New Telegram Bot Token Offers Another Opportunity

Shiba Inu Whale Nets $3.2m, New Telegram Bot Token Offers Another Opportunity

A Shiba Inu (SHIB) whale is making headlines after making a staggering $3.2 million profit after holding onto their SHIB investment for 2.6 years.While crypto enthusiasts envy the whale’s profits, emerging opportunities like the ongoing Bitbot (BITBOT) presale present a fresh avenue for those seeking profitable ventures in the digital asset realm. The Shiba Inu whale success storyThe whale bought […]
Marvel Technologies Emerges Bullish Patterns

Marvel Technologies Emerges Bullish Patterns

Image Source: Unsplash  Marvell Technology, Inc. (MRVL) faces formidable challenges and promising opportunities in the rapidly evolving tech industry. This article examines the financial health based on the Q3 and Q4 2024 earnings reports and offers technical analysis to identify long-term investment prospects. Observation reveals that the stock price has established a robust price floor and […]
Daily Market Outlook – Friday, May 17

Daily Market Outlook – Friday, May 17

Image Source: Pixabay  Overnight the Asian equity market showed a mixed performance. China’s April data revealed conflicting economic trends, with industrial production growth surpassing expectations while retail sales growth unexpectedly slowed. This divergence is unlikely to alleviate pressure on Chinese authorities to implement additional measures to stimulate the domestic economy. Chinese property developer stocks rose on […]