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Stocks Mixed As Investors Take Big Tech Profits

Stocks Mixed As Investors Take Big Tech Profits

The major benchmarks are mixed today, as investors cycle out of the outperforming tech sector and buy into bank and energy stocks, as they await this week’s personal consumption expenditures (PCE) reading, which could influence future interest rate decisions.The Dow Jones Industrial Average (DJI) is sporting a nearly 365-point midday lead, while the S&P 500 Index (SPX) […]
Gold Drops, Oil Gains, And Currency Movements Amid Economic Shifts

Gold Drops, Oil Gains, And Currency Movements Amid Economic Shifts

Gold Gold prices dropped over 1% to $2,320.00 per ounce on Friday due to a stronger dollar and higher bond yields following strong US business activity data. The dollar reached its highest level over seven weeks. Despite a 63% chance of a Fed rate cut in September according to the CME Fed Watch Tool, lower […]
Are Bitcoin And ALTcoin Friends In Summer Consolidation?

Are Bitcoin And ALTcoin Friends In Summer Consolidation?

Since 2018 Bitcoin and other cryptos were mostly consolidating through summer before they eventually broke out, in September or October.Looking at the monthly cycle period chart of Bitcoin with ticker BTCUSD, we still see it in the middle of a 35 months of bullish cycle, so there’s still plenty of time for bulls to extend […]
Elliott Wave Technical Analysis: Dow Jones

Elliott Wave Technical Analysis: Dow Jones

Image Source: Unsplash  Dow Jones- DJI Elliott Wave Analysis Trading Lounge Day Chart,Dow Jones- DJI Elliott Wave Technical AnalysisFUNCTION: counter TrendMODE: correctiveSTRUCTURE: navy blue wave 4POSITION: grey wave 1DIRECTION NEXT HIGHER  DEGREES: navy blue wave 5DETAILS: navy blue wave 4 still is in play as sideways.Wave Cancel invalid level: 34740.46The Dow Jones DJI Elliott Wave analysis on the day […]
Meta Stock Gains After News Of Apple AI Partnership

Meta Stock Gains After News Of Apple AI Partnership

Photo by Steve Johnson on Unsplash  Apple (Nasdaq: AAPL) and Meta (Nasdaq: META) are reportedly discussing integrating Meta’s generative AI model into Apple’s newly announced iPhone AI system. This potential collaboration comes as both companies ramp up their efforts in artificial intelligence, with Apple recently unveiling its “Apple Intelligence” technology and Meta expanding its AI chatbot offerings.While not yet finalized, the talks […]
USD/JPY Analysis: Nears Key 160 Level Amid Yen Bet 
                    
USD/JPY Technical Analysis and Expectations Today

USD/JPY Analysis: Nears Key 160 Level Amid Yen Bet USD/JPY Technical Analysis and Expectations Today

USD/JPY is the closest to testing the psychological resistance of 160.00 at the start of this week’s trading. An army of retail traders appears to be reloading bets on a yen recovery as the currency’s decline increases the chances of Japan intervening in the market again. Concurrently, data from the Tokyo Financial Exchange showed that […]
Stocks: Have We Reached The Top?

Stocks: Have We Reached The Top?

Stocks reversed lower last week, but the uptrend might not be over.Friday’s trading session didn’t bring much change for the stock market, with the S&P 500 index closing 0.16% lower. It fluctuated following its Thursday retreat from a new record high of 5,505.53. Today, the index is likely to open virtually flat, further extending a […]
Silver’s Bullish Consolidation Not To Be Confused As Sign Of Weakness

Silver’s Bullish Consolidation Not To Be Confused As Sign Of Weakness

Precious metals have started the new week on the front foot, thanks in part to a weaker US dollar. But with several risk events ahead of us in the next three weeks or so, we may see the dollar remaining largely supported on the dips, which could potentially keep a lid on gold (XAUUSD) and […]
NZD/USD Price Analysis: Exhibits Sluggishness Amid Uncertainty Over Timing Of Fed Rate Cuts 
                    
NZD/USD four-hour chart

NZD/USD Price Analysis: Exhibits Sluggishness Amid Uncertainty Over Timing Of Fed Rate Cuts NZD/USD four-hour chart

The NZD/USD pair trades in a limited range between 0.6105-0.1030 in Monday’s early American session. The Kiwi asset consolidates as uncertainty over when the Federal Reserve (Fed) will start reducing interest rates has deepened. Investors see the Fed to begin reducing rates from the September and a subsequent move in the November or December meeting.Contrary to […]