Archives by Month:

Archives by Year:

EUR/USD Forex Signal: Forecast After The French Election

EUR/USD Forex Signal: Forecast After The French Election

Bullish view Buy the EUR/USD pair and set a take-profit at 1.0800. Add a stop-loss at 1.0685. Timeline: 1-2 days. Bearish view Set a sell-stop at 1.0700 and a take-profit at 1.0650. Add a stop-loss at 1.0800. The EUR/USD pair rose on Monday morning as the market reacted to Sunday’s election in France. It rose to a […]
Late Selling Sends Markets Below Their Friday Open Price

Late Selling Sends Markets Below Their Friday Open Price

After a bright start by bulls, markets quickly took a turn and bears were left in control into the close. Both the S&P and Nasdaq finished with similar candlesticks; a nasty inverse hammer on higher volume distribution.  depositphotos This isn’t great news for Monday as indices were looking to come out of a week long pause. It’s […]
Sensex Today Trades Higher; Nifty Above 24,000

Sensex Today Trades Higher; Nifty Above 24,000

Asian stocks were trading higher on Monday as traders pondered the US rates outlook.Japan’s economy contracted more than expected in the first quarter of 2024, shrinking 2.9% year-on-year. This decline was primarily driven by a decrease in consumer spending amid stagnant wages and persistent inflation.US stocks closed slightly lower on Friday after initial gains, as […]
The Commodities Feed: US Drilling Slows

The Commodities Feed: US Drilling Slows

Oil prices closed higher for a third consecutive week and with fundamentals set to tighten over the third quarter we remain constructive towards the market. depositphotos Energy – Speculators increase their gasoil net long positionThe oil market managed to close higher for a third consecutive week as expectations for a tighter market continued to pull in speculative money. […]
The S&P 500 Rules Everything Around Me

The S&P 500 Rules Everything Around Me

The 2nd quarter is officially over and it was one of the strangest I’ve experienced in my 33 year career. To jump straight to the punchline, if you owned large cap growth stocks you had a great quarter. If you owned almost anything else, you didn’t and you likely lost money. I don’t know when […]
Current Analysis: BASF (BASFY)

Current Analysis: BASF (BASFY)

Based in Germany, BASF, bearing the ticker symbol BASFY, is the world’s largest chemical company, with products spanning the full chemical spectrum of commodity to specialty.In addition, the company is a strong player in agricultural crop protection chemicals and emissions control catalysts for cars and trucks. Given its sheer size, BASF has a top-three market […]
Pure-Play Cybersecurity Software Stocks Up 15% In June

Pure-Play Cybersecurity Software Stocks Up 15% In June

Image Source: PixabayAn IntroductionThe damage inflicted by cybercrime could reach as high as $10.29 trillion by 2025 (see report here) and, as such, sophisticated cyber security is crucial to protect networks, systems and other digital infrastructure from malicious attacks. To that end, it has become virtually mandatory for such companies to pay the relatively modest fee […]
Elliott Wave Technical Analysis: Bitcoin – Monday, July 1

Elliott Wave Technical Analysis: Bitcoin – Monday, July 1

Image Source: Pexels  Elliott Wave Analysis TradingLounge Daily Chart,Bitcoin/ U.S. dollar(BTCUSD)BTCUSD Elliott Wave Technical AnalysisFunction: Counter TrendMode: CorrectiveStructure: Triangle position: Wave ((C))Direction Next higher Degrees: wave IVWave Cancel invalid level: 56581Details: Movement within the Triangle pattern.Bitcoin/ U.S. dollar(BTCUSD)Trading Strategy:Movement within the Triangle pattern of the fourth wave before increasing again in the fifth wave. We are still missing two […]
Market Briefing For Monday July 1

Market Briefing For Monday July 1

The 2nd Quarter ends – with a broad indecision along with consolidation; as we anticipated for June’s 2nd half. Now the question is whether a little more of this ‘drift’ and bifurcated shuffle will lead to a firmer 1st half of July.Much of what we saw late this week was re-balancing (Quarter’s-end activity), and not so […]