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In Focus: Brookfield Infrastructure

In Focus: Brookfield Infrastructure

Image Source: PixabayIn focus this week is Brookfield Infrastructure (BIP / BIPC), one of the largest owners and operators of critical global infrastructure networks. BIP assets facilitate the movement and storage of energy, water, freight, passengers, and data. It’s part of the Brookfield family of companies.The company’s stated objectives are to: 1) generate a long-term return of […]
Gold Price Gains Ground, With Fed Speakers In Focus 
                    
 

Gold Price Gains Ground, With Fed Speakers In Focus  

Image Source: Pixabay Gold price edges higher despite the rebound of the USD on Friday.  The softer US inflation data has triggered the expectation of Fed rate cuts, boosting the yellow metal. Gold traders will focus on the Fed’s Kashkari, Waller, and Daly speeches on Friday.  The gold price (XAU/USD) trades with a positive bias on Friday. […]
Elliott Wave Technical Analysis: Bitcoin/USD Crypto Price News

Elliott Wave Technical Analysis: Bitcoin/USD Crypto Price News

Image Source: UnsplashElliott Wave Analysis TradingLounge Daily ChartBitcoin/ U.S. dollar(BTCUSD)BTCUSD Elliott Wave Technical AnalysisFunction: Counter TrendMode: CorrectiveStructure: Flatposition: Wave ((C))Direction Next higher Degrees: wave (III)Wave Cancel invalid level: 31046.25Details: Wave IV may be complete and the Price increase again in Wave VBitcoin/ U.S. dollar(BTCUSD)Trading Strategy: Overall, Bitcoin is still in an uptrend, but it is currently in a […]
This Bull Trap Could Make Us A Fortune On Friday

This Bull Trap Could Make Us A Fortune On Friday

Image Source: Pixabay One day left – lets finish strong!  Markets are finally pulling back off recent highs…And this Rotation Pattern tells us this BULL TRAP might be our biggest win of the month!I see 3 clues on the charts tonight, telling me there are 2 Bull Trap patterns on watch for Friday…I don’t know which […]
Elliott Wave Expects Silver Pullback To Find Support

Elliott Wave Expects Silver Pullback To Find Support

Image Source: PixabayShort Term Elliott Wave in Silver (XAGUSD) suggests the metal rallies in an impulsive structure from 10.3.2023 low. Up from there, wave (1) ended at 25.91, and a dip in wave (2) ended at 21.94. The metal then extended higher in wave (3) towards 29.79. Pullback in wave (4) ended at 26.02 as the […]
Current Analysis: Smith & Nephew

Current Analysis: Smith & Nephew

Image Source: PixabaySmith & Nephew (SNN) designs, manufactures, and markets orthopedic devices, sports medicine and arthroscopic technologies, and wound-care solutions.Roughly 41% of the U.K.-based firm’s revenue comes from orthopedic products, and another 30% is from sports medicine and ENT. The remaining 29% of revenue is from the advanced wound therapy segment.Roughly half of Smith & Nephew’s […]
3 Stocks To Buy Following Positive Earnings Results

3 Stocks To Buy Following Positive Earnings Results

Image Source: PixabayEarnings season continues to wind down, with the period reflecting positivity. We’ve heard from over 460 S&P 500 companies, with this week’s reporting docket primarily dominated by retail.  Total earnings for the S&P 500 members that have reported Q1 results are up +4.8% from the same period last year on +4.1% higher revenues. The […]
WTI Extends The Rally Near $78.90, US Inflation Data Boosts Fed Rate Cut Expectations

WTI Extends The Rally Near $78.90, US Inflation Data Boosts Fed Rate Cut Expectations

Photo by Timothy Newman on Unsplash WTI prices gains traction near $78.90 on Friday. The softer US April inflation data, Fed rate cut expectations, and a drop in US crude inventories boost the black gold.  The ongoing geopolitical risks in the Middle East might cap the downside of WTI prices.  Western Texas Intermediate (WTI), the US crude oil benchmark, is trading around $78.90 on Friday. The black gold edges […]
SPDR ETF Report For Thursday, May 16

SPDR ETF Report For Thursday, May 16

Image Source: PixabayIn this video, Ira Epstein reviews the day’s trading in various SPDR-ETF markets for the trading day that ended, Thursday, May 16.Video Length: 00:10:41More By This Author:Financial Markets Report For Thrusday, May 16Metals Report For Wednesday, May 15SPDR ETF Report For Wednesday, May 15
EUR/USD Slipped On Thursday After Greenback Pares Some Losses

EUR/USD Slipped On Thursday After Greenback Pares Some Losses

Image Source: Pixabay EUR/USD slumps back from 1.0900 on Thursday’s broad USD recovery. Economic data strictly mid-tier on Friday, main focus to be on policymaker appearances. Next week brings PMI figures for both the EU and the US. EUR/USD eased slightly on Thursday, falling back below 1.0880 as the Greenback broadly recovers losses from earlier in […]