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Unlocking ASX Trading Success: Brambles Limited – Tuesday, July 30

Unlocking ASX Trading Success: Brambles Limited – Tuesday, July 30

ASX: BRAMBLES LIMITED – BXB Elliott Wave Technical Analysis TradingLounge (1D Chart)Greetings, our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with BRAMBLES LIMITED – BXB. We anticipate a slight drop in BXB in the near future, followed by a stronger upward movement in the third wave.**ASX: BRAMBLES LIMITED – BXB Elliott Wave TechnicalAnalysisASX: […]
SP500 Daily Trade Plan

SP500 Daily Trade Plan

Image Source: DepositPhotosIn this update we review the recent price action in the emini SP500 futures contract and identify a trade plan for the trading day ahead.Video Length: 00:02:18More By This Author:Daily Market Outlook – Tuesday, July 30FTSE In The Green, After Strong Weekly Reversal SignalFTSE Reverses Early Losses After Printing Three Month Lows…Buy
Bitcoin held by governments near $33 billion mark

Bitcoin held by governments near $33 billion mark

Key Takeaways US government holds the largest Bitcoin reserve at 213,297 BTC, worth $14.82 billion. El Salvador actively purchases 1 Bitcoin daily as part of its national crypto adoption strategy. Governments worldwide hold 2.6% of Bitcoin’s (BTC) circulating supply, totaling 471,380.6 BTC worth $32.7 billion as of July 29, 2024. As reported by CoinGecko, the […]
The Global Repo Market Is Starting To Explode

The Global Repo Market Is Starting To Explode

Image Source: Pixabay  A whole lot going on in the eurodollar shadows. Record high repo pool (reverse repo) at the Fed. Bull steepening even more aggressively outside of Treasuries. Primary dealers absolutely hoarding collateral to a degree we haven’t seen since March 2020. Banks around the world heavily buying safety and liquidity. The dollar hammering currencies. […]
US Dollar Recovery Stalls Amid A Mildly Brighter Market Sentiment

US Dollar Recovery Stalls Amid A Mildly Brighter Market Sentiment

The US Dollar (USD) has turned lower during the early European trading session, with market sentiment improving somewhat. Israel has refrained from retaliating against Hizbullah in Lebanon after a deadly attack from the Iran-backed militias this week, which has eased concerns about further destabilization in a highly volatile area. The US Dollar Index (DXY), however, remains above […]
Tuesday Talk: Almost Gone Fishing Time

Tuesday Talk: Almost Gone Fishing Time

It’s July 30, today which is almost August “Gone Fishing” time, though this year there is a lot of action on tap in Chicago that may spillover into the market. We will see. depositphotos Monday the S&P 500 closed at 5,464, up 4 points, the Dow closed at 40,540, down 49 points and the Nasdaq Composite closed […]
AUD/USD Analysis: Awaiting Key Inflation Data

AUD/USD Analysis: Awaiting Key Inflation Data

On Monday, July 29th, the Australian dollar (AUD) edged up by 0.02% against the US dollar (USD), closing at 0.6548. This slight rise comes as the AUD attempts to recover from last Friday’s low of 0.6510. The market’s focus is now on the upcoming Australian Q2 inflation report, set to be released on Wednesday, which […]
COST Should Pull Back Before Rally Resume

COST Should Pull Back Before Rally Resume

Costco Wholesale Corporation., (COST) engages in the operation of membership warehouse in the United States, Puerto Rico, Canada, United Kingdom, Mexico, Japan, Korea, Australia, Spain, France, Iceland, China & Taiwan together with its subsidiaries. It offers branded & private-label products in the range of merchandise categories. It also operates e-commerce websites in the US, Canada, […]
Pfizer Inc. Beats Q2 Market Expectations With $13.3 Billion In Revenue

Pfizer Inc. Beats Q2 Market Expectations With $13.3 Billion In Revenue

Image Source: Unsplash  Pfizer Inc. (PFE) reported robust financial results for the second quarter of 2024, showcasing a significant operational increase in revenues despite a challenging market environment.The company’s total revenues for the quarter amounted to $13.3 billion, reflecting a 3% operational growth year-over-year. This growth was achieved despite an anticipated decline in COVID-related revenues from Comirnaty […]
Silver Forecast: Continues To Look For The Floor

Silver Forecast: Continues To Look For The Floor

The first thing that I would mention is that it seems like we are trying to stabilize after a brutal sell off. That being said, there’s not a lot going on here that has me excited in one direction or the other. I do think that over the longer term we will have to sort […]