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The Setup For The Q2 Earnings Season Gets Underway

The Setup For The Q2 Earnings Season Gets Underway

Image Source: PixabayHere are the key points: The setup for the Q2 earnings season, whose early reports have started trickling in, is one of continued resilience coupled with a steadily improving outlook. Given the favorable revisions trend ahead of this reporting cycle, we will be looking for further improvement in the earnings outlook. For 2024 Q2, […]
Rates Spark: Euro Rates Almost Back To Normality

Rates Spark: Euro Rates Almost Back To Normality

Image Source: PixabaySofter data from the US is paving the path to a September Fed cut, but more is needed to see 10Y UST yields breaking out of the current trading range. Friday’s payroll numbers could confirm a weakening labour market. Except for French bond spreads, eurozone rates markets are returning to normality from before the start of […]
AUD/USD Jumps Above 0.7600 As Weaker US Data Drags US Dollar Lower

AUD/USD Jumps Above 0.7600 As Weaker US Data Drags US Dollar Lower

Image Source: Pexels AUD/USD trades in positive territory for three straight days near 0.6715 in Thursday’s early European session.  The upbeat Australian economic data fueled arguments that the RBA could raise interest rates again.  The cautious stance from the Fed officials might help limit the USD’s downside. The AUD/USD pair gathers strength around 0.6715 during the early European […]
Stocks Often Pop In July: Time To Buy These 4 ETFs?

Stocks Often Pop In July: Time To Buy These 4 ETFs?

Image Source: UnsplashIn the first half of 2024, stocks climbed despite rising rates and geopolitical concerns, with the S&P 500 gaining 14.5% and the Nasdaq Composite rising by 18%. The Dow Jones climbed 3.8% while the Rusell 2000 inched up by only 1%.Investors should note that the second quarter of the year, too, was upbeat for […]
Elliott Wave Technical Analysis – TRON Crypto Price News For Thursday, July 4

Elliott Wave Technical Analysis – TRON Crypto Price News For Thursday, July 4

Image Source: PixabayElliott Wave Analysis TradingLounge Daily ChartTRON/ U.S. dollar(TRXUSD)TRXUSD Elliott Wave Technical AnalysisFunction: Follow trendMode: MotiveStructure: ImpulsePosition: Wave ((3))Direction Next higher Degrees: wave V of ImpulseWave Cancel invalid Level: 0.1051Details: the five-wave increase of Wave ((3))TRON/ U.S. dollar(TRXUSD)Trading Strategy: Overall, TRON is still in an uptrend. It is likely to be higher than 0.1442, so we […]
Gold Trading Strategy Today – Thursday, July 4

Gold Trading Strategy Today – Thursday, July 4

Image Source: UnsplashToday you will see GOLD price prediction based on the technical analysis. What is the support and resistance on the daily time frame for XAUUSD? What to expect is where the price will break out for the XAUUSD based on the supply and demand zones.Video Length: 00:03:55More By This Author:Gold Trading Strategy Today – […]
El Salvador continues daily Bitcoin acquisition amid market downturn

El Salvador continues daily Bitcoin acquisition amid market downturn

Key Takeaways El Salvador continues its daily Bitcoin purchases, reinforcing its commitment to the flagship crypto. The country is considering developing a private investment bank to facilitate Bitcoin and US dollar transactions. Bitcoin’s price has tumbled over the past few days amid increased selling pressure from Mt. Gox repayments and a bleak economic outlook. Despite […]
Gold Price Sits Near Two-Week Peak, Lacks Follow-Through Amid Upbeat Market Mood

Gold Price Sits Near Two-Week Peak, Lacks Follow-Through Amid Upbeat Market Mood

Image Source: Pexels Gold price remains supported near a two-week high amid rising Fed rate cut bets. Geopolitics, along with political uncertainty, also lends support to the XAU/USD. A positive risk tone could cap further gains ahead of the US NFP report on Friday. Gold price (XAU/USD) trades with a positive bias during the Asian session […]
Elliott Wave Intraday Looking For S&P 500 ETF To End Wave 5

Elliott Wave Intraday Looking For S&P 500 ETF To End Wave 5

Image Source: UnsplashShort Term Elliott Wave in S&P 500 ETF (SPY) suggests rally from 4.20.2024 low is ongoing as a 5 waves impulse structure. Up from 4.20.2024 low, wave ((i)) ended at 534 and pullback in wave ((ii)) ended at 518.36. The ETF extended higher in wave ((iii)) towards 551.12. Pullback in wave ((iv)) unfolded as a […]
Next Leg Higher In Gold Is Major Inflection Point

Next Leg Higher In Gold Is Major Inflection Point

Image Source: PixabayHistory will reflect on Gold’s breakout in March from a 13-year cup and handle pattern as extremely significant and the major turning point for a new secular bull market in precious metals.However, Gold has yet to break out in real terms.A breakout and strength in real terms is imperative for capital to flow beyond […]