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Elliott Wave Technical Analysis: Euro/U.S. Dollar – Wednesday, July 3

Elliott Wave Technical Analysis: Euro/U.S. Dollar – Wednesday, July 3

Image Source: Unsplash  EURUSD Elliott Wave Analysis – Daily ChartEURUSD Elliott Wave Technical AnalysisTrend Function: Trend Mode: Corrective Structure: Orange Wave 2 Position: Navy Blue Wave 3 Direction for Next Lower Degrees: Orange Wave 3 Details: Orange Wave 1 is completed at 1.06672, now Orange Wave 2 is near its end. Wave Cancel Invalid Level: 1.09170The EURUSD Elliott Wave analysis on the daily chart indicates […]
EUR/JPY Extends Upside Above 173.50, Eyes On Eurozone PMI Data

EUR/JPY Extends Upside Above 173.50, Eyes On Eurozone PMI Data

Image Source: Pixabay EUR/JPY gains momentum around 173.80 in Wednesday’s European session, up 0.20% on the day. Japanese business activity turned contractionary in June, pressuring the JPY.  The interest rate differential between the Eurozone and Japan continues to support the Euro for the time being.  The EUR/JPY cross trades in positive territory for the sixth consecutive […]
Why Oil Prices Are Still On Track To Move Higher

Why Oil Prices Are Still On Track To Move Higher

Image Source: PixabayIt’s not hard to be bullish on oil these days.The Middle East is always in turmoil, but not since the U.S. invasion of Iraq has the situation been this potentially explosive.Though some countries are happy to buy deeply discounted Russian and Iranian oil, Russia and Iran are blacklisted from selling oil to much of […]
New Golden Investment: Universal Health Realty Income Trust

New Golden Investment: Universal Health Realty Income Trust

Image Source: PixabayWouldn’t it be nice to buy investments that you could not lose money on and that only had upside. While we are wishing why don’t we add in predictable earnings, predictable dividends and, of coarse, we don’t want to pay a premium for this investment. Does this sound unrealistic? Maybe, but we can have […]
Metal Markets Report For Tuesday, July 2

Metal Markets Report For Tuesday, July 2

Image Source: PixabayIn this video, Ira Epstein reviews the day’s trading in the gold and other relevant metal markets.Video Length: 00:07:55More By This Author:SPDR ETF Report For Tuesday, July 2Financial Markets Report For Tuesday, July 2Metal Markets Report For Monday, July 1
Eli Lilly Receives FDA Approval For Its Alzheimer’s Drug Kinsula

Eli Lilly Receives FDA Approval For Its Alzheimer’s Drug Kinsula

Image Source: Pexels FDA approved Eli Lilly’s donanemab for Alzheimer’s today. Lilly will now compete directly with Biogen’s Leqembi. Eli Lilly stock is currently up more than 50% for the year. Eli Lilly & Co (LLY) received approval for its Alzheimer’s drug from the Food & Drug Administration on Tuesday. The development is significant as it expands treatment options […]
Spot Ethereum ETFs could debut week of July 15, says ETF expert

Spot Ethereum ETFs could debut week of July 15, says ETF expert

Key Takeaways Spot Ethereum ETFs are expected to launch the week of July 15, pending final S-1 approvals. The SEC’s amendment due date potentially influences the launch timeline. Spot Ethereum exchange-traded funds (ETFs) are expected to launch the week of July 15 as ETF issuers are making headway with the security regulator, according to Nate […]
Silver Miners ETF Correction In Progress

Silver Miners ETF Correction In Progress

Image Source: PixabaySIL (Silver Miners ETF) is a financial product designed to mirror the performance of silver mining companies. It offers investors a straightforward way to gain exposure to the silver market without directly purchasing physical silver or individual mining stocks. SIL diversifies risk by spreading investments across multiple companies within the sector, potentially providing a […]
Current Analysis: Suzano

Current Analysis: Suzano

TM Editors’ note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence.Image Source: PixabaySuzano SA (SUZ) produces and sells pulp and a variety of paper products.The company organizes itself into two segments based on product type: Pulp and Paper.The Pulp segment generates the majority of revenue. […]
SPY ETF Scales New Heights, But The Peak Is Still Ahead

SPY ETF Scales New Heights, But The Peak Is Still Ahead

Image Source: Unsplash The SPY ETF is recording new high every week. FED is taking a cautious approach, taking their time to bring down inflation. Current market conditions do not point to a market top. SPY is poised to go higher. The SPDR S&P 500 ETF, commonly known as SPY, has been a popular investment vehicle […]