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Archives by Year:
An Economic Slowdown; Disney Earnings, Buffett Cuts Apple Stake By 13%, Uber Earnings
The S&P surged 64 points (1.26%) on Friday to 5,128 – right up to its 50 DMA (5,130).PexelsThe 50 DMA continues to serve as resistance and the S&P continues to trade in a range (4950 – 5250) defined by its recent high on Friday March 28 and low on Friday April 19. I continue to […]
Analytical Overview Of The Main Currency Pairs – Monday, May 6
The EUR/USD currency pairTechnical indicators of the currency pair: Prev Open: 1.0723 Prev Close: 1.0762 % chg. over the last day: +0.36% The euro rose to $1.08, hitting its highest level since April 9, as traders revised their expectations for an interest rate cut after releasing a weaker-than-expected US jobs report. The data showed that the US created fewer […]
Stock Rally As Powell Sparks A Buying Frenzy
The latest FOMC meeting caused a stock rally as Jerome Powell turned more “dovish” than expected. While Powell did note that progress on inflation has been lackluster, the announcement of the reversal of “Quantitative Tightening” (QT) excited the bulls.Pexels Beginning in June, the Committee will slow the pace of decline of its securities holdings by reducing the monthly redemption cap […]
FOREX : Weaker NFP And A Dovish Chair Powell Could Revitalise US Dollar Bears
Job creation fell short, unemployment rose, and wage growth remained subdued in the April employment report, setting the stage for a possible dovish turn from some key Fed officials this week. This shift could revitalize US dollar bears, although the dollar may consolidate for now pending key US inflation data next week.The underperformance of the Yuan today comes […]
USD/JPY Forecast: Plunges To Reach Support
I do think that there are a lot of buyers in this general vicinity, despite the fact that the Bank of Japan has done everything it can to drive the value of the yen back up. Ultimately, we are testing the top of the previous ascending triangle, and this is classic technical analysis. If we do in fact […]
Cocoa Commodity Elliott Wave Technical Analysis – Monday, May 6
Cocoa Elliott Wave Analysis Function – Counter-trend Mode – Corrective Structure – Not yet defined Position – Blue wave ‘a’ Direction – Blue wave ‘b’ Details – Bearish impulse from the top appears to have completed the last leg. The current bounce for blue wave ‘b’ can extend toward the 10,000 key resistance.Cocoa, after reaching an all-time high, […]
European Stocks Edge Higher Amid ECB Rate Cut Prospects And Mixed US Jobs Data
Image Source: DepositPhotosEuropean stock markets witnessed modest gains on Monday, with both the STOXX 50 and STOXX 600 indices rising approximately 0.1%. This movement was influenced by positive market sentiment in China and growing expectations of an imminent rate cut by the Federal Reserve following weaker-than-expected U.S. employment data.European Central Bank (ECB) Outlook: ECB Chief […]
Was April’s Correction Noise Or Signal For Global Markets?
April was a rough month for investors, but the rebound in asset prices in the early days of May has revived expectations that the worst has passed. PexelsA key catalyst for the turnaround in sentiment: Friday’s US payrolls data, which posted a substantially softer-than-expected rise in April. The crowd views the news as a net positive because it […]
Wisetech Global Limited – WTC Stock Analysis & Elliott Wave Technical Forecast – Monday, May 6
ASX: WISETECH GLOBAL LIMITED – WTC Elliott Elliott Wave Technical Analysis TradingLounge (1D Chart)Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with WISETECH GLOBAL LIMITED – WTC. We identify that WTC is bullish with wave (v) to continue pushing higher.ASX: WISETECH GLOBAL LIMITED – WTC Elliott Wave Technical Analysis ASX: WISETECH GLOBAL LIMITED – WTC 1D […]
Weekly Market Pulse: What Did He Say?
Coming into last week’s FOMC meeting, Jerome Powell was expected to be hawkish. I know that because numerous articles in the financial press told me so which makes me wonder if the articles themselves affected those expectations. Maybe. Unsplash Bloomberg is now producing a Fed Sentiment index that is powered by a natural language processing algorithm trained on more […]
