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Earnings Bring Questions

Earnings Bring Questions

Image Source: Pixabay  Equity futures suggest the sell-off experienced by the market yesterday, its worst one-day performance since 2002, is poised to continue. Investors will continue to digest the flow of earnings from last night and this morning, including horrible results from Ford Motor (F), but quite good results from Lockheed Martin (LMT), Northrop Grumman(NOC), and ServiceNow (NOW) which are driving […]
Unlocking ASX Trading Success: South32 Limited – Thursday, July 25

Unlocking ASX Trading Success: South32 Limited – Thursday, July 25

ASX: SOUTH32 LIMITED – S32 Elliott Wave Technical Analysis (1D Chart)Greetings, our latest Elliott Wave analysis focuses on the Australian Stock Exchange (ASX) listed company SOUTH32 LIMITED (S32). The current outlook indicates a prolonged downtrend, which deviates from our previous forecasts but aligns with recent market movements. Our prior analysis aided traders in exiting unfavorable long […]
Two Trades To Watch: DAX, USD/JPY Forecast – Thursday, July 25

Two Trades To Watch: DAX, USD/JPY Forecast – Thursday, July 25

Image Source: Unsplash  DAX falls amid global tech rout, weaker German business confidence Nasdaq fell almost 4% after underwhelming mega-cap earnings DAX IFO business climate fell to 87 from 88.6 DAX breaks below 100 SMA support The DAX and its European peers are tumbling lower on Thursday, pulled down by disappointing corporate earnings and following a […]
Gold Analysis: When To Buy Gold?

Gold Analysis: When To Buy Gold?

Gold prices failed to sustain their upward momentum yesterday, unable to breach the resistance level of $2432 per ounce. Clearly, this comes after investors have been closely monitoring U.S. economic data this week to gain clarity on the timing of the expected interest rate cuts by the Federal Reserve. Concurrently, gold prices have since retreated […]
Solana And Cardano: Solana Loses Momentum This Morning

Solana And Cardano: Solana Loses Momentum This Morning

Solana chart analysisThis morning, the price of Solana retreated under pressure to the $168.25 level, where we saw the formation of the weekly low. The price stopped further declining and found support from the EMA 200 moving average in that zone. It is very possible to see price stabilization here and a potential reversal of […]
Daily Market Outlook – Thursday, July 25

Daily Market Outlook – Thursday, July 25

Image Source: Pixabay  On Thursday, most Asian stock markets are experiencing a decline, influenced by the overall negative signals from global markets. The drop is primarily driven by significant decreases in technology stocks, following the trend of the tech-heavy Nasdaq, after several major U.S. tech companies reported unsatisfactory quarterly results. Additionally, investors remain apprehensive due to […]
FX Daily: JPY Correction – Small, Medium Or Massive?

FX Daily: JPY Correction – Small, Medium Or Massive?

Image Source: Pexels  The size of the correction in the yen is now the market’s primary preoccupation. The unwinding of yen shorts is undoubtedly contributing to the global risk-off environment. There is certainly more unwinding to be done here and data/events over the next few days present further downside risk to USD/JPY. That risk today comes […]
The Bank Of Canada Lowered The Rate For The Second Time

The Bank Of Canada Lowered The Rate For The Second Time

Image Source: Pexels  At the end of Wednesday, the Dow Jones Index (US30) decreased by 1.25%, while the S&P 500 Index (US500) was down 2.31%. The Nasdaq Technology Index (US100) closed negative 3.64%. Stocks fell yesterday amid disappointing earnings from Tesla and Google and weakness in chip maker stocks. Next week, companies such as Microsoft (MSFT) will report on Tuesday, Meta (META) on Wednesday, and […]
Elliott Wave Intraday Analysis: Ethereum (ETHUSD) Pullback In Progress

Elliott Wave Intraday Analysis: Ethereum (ETHUSD) Pullback In Progress

Short Term Elliott Wave View in Ethereum (ETHUSD) suggests the impulse sequence ended at $3562.6 high started from 7.05.2024 low. Below there, it favors corrective pullback in wave (2). In daily sequence, it ended ((4)) correction at $2811 low as double three structure against November-2022 low. Above ((4)) low, it ended wave (1) rally at $3562.6 high as […]
EUR/USD Recovers As US Dollar Declines With Focus On US Q2 GDP

EUR/USD Recovers As US Dollar Declines With Focus On US Q2 GDP

EUR/USD bounces back to near 1.0850 in Thursday’s European session. The major currency pair moves higher as the US Dollar (USD) exhibits a sluggish performance on the United States (US) Q2 flash Gross Domestic Product (GDP) day. The US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, hovers below the weekly high of 104.50.The US Q2 […]