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Elliott Wave Technical Forecast: Unlocking ASX Trading Success: ASX Limited – Thursday, May 16

Elliott Wave Technical Forecast: Unlocking ASX Trading Success: ASX Limited – Thursday, May 16

Image Source: Unsplash  ASX: ASX Limited – ASX  Elliott Elliott Wave Technical Analysis TradingLounge (1D Chart)Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with ASX Limited – ASX. We have determined that wave 2-red has ended, and wave 3-red can be opened to push higher.ASX: ASX Limited – ASX  Elliott Wave Technical Analysis  ASX: ASX Limited […]
CME prepares to launch spot Bitcoin trading — FT

CME prepares to launch spot Bitcoin trading — FT

The Chicago Mercantile Exchange (CME), the world’s largest futures Bitcoin (BTC) trading platform, is preparing to introduce spot BTC trading in response to the increasing demand from Wall Street investors. According to an initial report from the Financial Times, CME has been in discussions with crypto traders to establish a regulated marketplace for spot BTC […]
Deere & Co. Q2 Earnings Top Forecasts, But Shares Dip On Lowered Outlook

Deere & Co. Q2 Earnings Top Forecasts, But Shares Dip On Lowered Outlook

Image Source: Pexels  Deere & Co. (NYSE: DE), a leading agricultural equipment manufacturer, reported strong second-quarter earnings on Thursday, May 16, 2024.The company’s earnings per share (EPS) and revenue surpassed analyst expectations. However, it lowered its full-year net income forecast due to declining crop prices and reduced demand for its products.  Deere & Co. Tops EPS and Revenue […]
Six Measures Of Consumer Prices

Six Measures Of Consumer Prices

Headline CPI shows the second highest increase since 2021M01. Figure 1: CPI all urban (bold black), CPI-wage and clerical workers (pink), chained CPI (tan), HICP (green), PCE deflator (red), PCE-market based (light blue), all seasonally adjusted, in logs 2021M01=0. Chained CPI, HICP seasonally adjusted by author using X-13 (log transform). Source: BLS, European Commission, BEA, via FRED, […]
The World’s Largest Retailer – Walmart, Will Release Its Earnings Today

The World’s Largest Retailer – Walmart, Will Release Its Earnings Today

The world’s largest retail giant is scheduled to release its Q1 earnings before the market opens today.Walmart – The largest retail chain in the U.S. and the world, with more than 10,500 stores in 19 countries. The company employs a total of 2.1 million associates, of which 1.6 million are in the United States alone. For the past 3 years, Walmart’s […]
JPY Has Sharply Strengthened

JPY Has Sharply Strengthened

Image Source: Pixabay  The yen’s exchange rate rose to the US dollar on Thursday in response to improving prospects for the Federal Reserve interest rate. The USD/JPY pair has declined to 153.88.After the US released up-to-date data on April inflation, the likelihood of a reduction in the cost of borrowing in the country increased markedly. Both […]
Jasmy Remains Bullish Within An Impulse

Jasmy Remains Bullish Within An Impulse

The crypto market is still slow, but after yesterday’s important US CPI inflation report, we are getting some volatility. If we take a look at the daily chart of Crypto total market cap, we can still see a corrective movement with nice technical support area here around 2.0T level that can lift the price higher, ideally […]
Asian Stock: Guangdong TCL Smart Home Appliances

Asian Stock: Guangdong TCL Smart Home Appliances

TM Editors’ note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence.Company: Guangdong TCL Smart Home Appliances Company LimitedBloomberg ticker: 002668 SZMarket cap: US$1,447mBackground: Guangdong TCL Smart Home Appliances Company Limited designs, manufactures, and sells refrigerators. The Company produces chest freezers, combi-frost-free fridges, wine cabinets, and related parts. Guangdong TCL Smart […]
Bear Of The Day: ASGN

Bear Of The Day: ASGN

The increased need for online marketing and sales following the pandemic led to higher demand for IT services but the frenzy is beginning to slow and it may be time to sell ASGN’s (ASGN) stock.As an integrated critical IT solutions provider that offers professional staffing, ASGN’s stock lands a Zacks Rank #5 (Strong Sell) and the […]
“The Most Consequential Piece Of Economic Data In History”

“The Most Consequential Piece Of Economic Data In History”

Image Source: Pixabay  They called it the most important economic update in living memory, holding the key to everything from inflation to economy and interest rates. When it came out, it wasn’t what everyone thought, and even more interesting those numbers ended up being overshadowed by another set alarmingly consistent with everything else we’ve been seeing […]