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Germany’s Economy Sees A Weak Start To The Second Quarter

Germany’s Economy Sees A Weak Start To The Second Quarter

Image Source: Pexels  German industrial production disappointed again in April, showing how difficult the recovery of the entire economy will be.In recent weeks, optimism had returned to the German economy. Growth in the first quarter and improving confidence indicators as well as a big portion of wishful thinking had given rise to this new optimism. Today’s […]
An Early Trigger On The 20% Rule For Buying EWZ

An Early Trigger On The 20% Rule For Buying EWZ

Earlier this week, the iShares MSCI Brazil ETF (EWZ) tested its October 2023 low. This test of support stopped just short of a 20% correction from the last high set on December 19, 2023. At the closing low, EWZ reached an 18.3% pullback from that last high. I decided to pull an early trigger on […]
Elliott Wave Technical Analysis: British Pound/Australian Dollar – Friday, June 7

Elliott Wave Technical Analysis: British Pound/Australian Dollar – Friday, June 7

Photo by Colin Watts on Unsplash   GBPAUD Elliott Wave Analysis Trading Lounge Day Chart,British Pound/ Australian Dollar (GBPAUD) Day ChartGBPAUD Elliott Wave Technical AnalysisFUNCTION: Counter TrendMODE: impulse as CSTRUCTURE: navy blue wave CPOSITION: gray wave 2DIRECTION NEXT LOWER DEGREES:gray wave 3DETAILS: navy blue wave B of 2 looking completed , now navy blue wave C  of 2 is in play.Wave Cancel invalid […]
AMC Stock Price Forecast: Buy, Sell, Or Hold?

AMC Stock Price Forecast: Buy, Sell, Or Hold?

AMC Entertainment (AMC) stock price has crawled back in the past few weeks, helped by the meme stock frenzy. It has jumped to $5.80 from the year-to-date low of $2.40. This recovery has brought its market cap to over $1.9 billion, much higher than this year’s low of less than $900 million.  Meme stock frenzy continuesAMC […]
Trustbusters Loom Larger For Microsoft Than Nvidia

Trustbusters Loom Larger For Microsoft Than Nvidia

Photo by Steve Johnson on Unsplash  Tech giants spending heavily on artificial intelligence will also need to invest in legal advice. Technology is full of natural monopolies, and computers that simulate human intelligence may be no different. That’s the hope of companies seeking to establish profitable empires and the fear of regulators which prefer to act quickly to […]
EUR/JPY Extends The Decline Below 169.50, Eurozone GDP Data Looms

EUR/JPY Extends The Decline Below 169.50, Eurozone GDP Data Looms

The EUR/JPY cross extends the decline towards 169.20 during the early European trading hours on Friday. The cross edges lower after the release of weaker-than-expected German April Industrial Production. Additionally, the verbal intervention from Japanese authorities early Friday continues to support the Japanese Yen (JPY) and weigh on EUR/JPY for the time being.  Industrial production […]
Commodities And The Boom-Bust Cycle

Commodities And The Boom-Bust Cycle

It is always interesting when commodity prices rise. The market produces various narratives to suggest why prices will keep growing indefinitely. Such applies to all commodities, from oil to orange juice or cocoa beans. For example, Michael Hartnett of BofA recently noted: The 40-year period from 1980 to 2020 was the era of disinflation: thanks […]
The Reserve Bank Of India Delivers A Hawkish Hold

The Reserve Bank Of India Delivers A Hawkish Hold

Was today’s no change to policy and hawkish statement a demonstration of the RBI’s independence as some are suggesting? Or is the backdrop simply not yet conducive to a cut? We believe it’s mostly the latter. 4-2 Votes for no change vs easing One more vote to ease than previously  Surprisingly interesting meetingOn paper, this should have been […]
Understanding Stock Market Divergences: Spotting Trends And Reversals

Understanding Stock Market Divergences: Spotting Trends And Reversals

Image Source: Unsplash  Divergences in the stock market can provide crucial insights into potential trend reversals and trading opportunities. In this video, I’ll explore the concept of divergences, how to identify them, and how to use them to make informed trading decisions.I’ll discuss:- What divergences are and why they matter in technical analysis- Confirming divergences with […]
GBP/JPY Falls Toward 198.50 After Hawkish Comments From Japan’s Finance Minister Suzuki

GBP/JPY Falls Toward 198.50 After Hawkish Comments From Japan’s Finance Minister Suzuki

GBP/JPY extended losses for the second consecutive day, trading around 198.70 during the European hours on Friday. The GBP/JPY cross faced pressure following hawkish comments from Japanese Finance Minister Shunichi Suzuki.Minister Suzuki stated that he would take action against excessive currency volatility when necessary and would assess the effectiveness of interventions. Suzuki also emphasized the […]