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Gold Stocks Are Battling Major Resistance Area

Gold Stocks Are Battling Major Resistance Area

Image Source: PixabayGDX is battling monthly and quarterly resistance around $37.50. A clean, strong break above triggers a potential measured upside target of $55, the 2010-2012 resistance highs. A steepening in the yield curve and the start of Fed easing would be the fundamental trigger for this move.Video Length: 00:05:42More By This Author:Failed Breakout In Gold […]
Alibaba Is A Top AI Stock At A Deep Value Price

Alibaba Is A Top AI Stock At A Deep Value Price

Image Source: depositphotosChina’s tech sector has been devastated over the past few years. The Invesco China Technology ETF (CQQQ) is down about 68% from its February 2021 high. The country’s housing bubble has popped (or is popping), and the entire market got smashed as a result.Alibaba (BABA), once the darling of Chinese tech stocks, is down […]
Screaming Of Risk-Off

Screaming Of Risk-Off

Image Source: PixabayThe Japanese Yen is unwinding and is screaming for risk for the markets.Video Length: 00:07:47More By This Author:Stocks Rally Back From Last Week’s Steep DeclineStocks Rally Back On July 22 Major Market Reversal Patterns In Place As Semi Stocks Finally Crack
USD/CHF Technical Analysis: Testing Key Resistance Levels

USD/CHF Technical Analysis: Testing Key Resistance Levels

Image Source: PixabayThe USD/CHF pair has shown a strong bounce from 0.8819, reaching as high as 0.8923. This upward movement is now facing resistance from the falling trend line on the 4-hour chart. Let’s explore the potential scenarios and key levels to watch. Bullish Scenario  If the USD/CHF can break above the falling trend line, it […]
This Earnings Reversal Could Make Us A Fortune Tomorrow

This Earnings Reversal Could Make Us A Fortune Tomorrow

Image Source: Unsplash Earnings are out, and markets just crashed!  But we don’t trade the News, we trade the charts…And the charts tell me this Earnings Reversal might be our biggest winner of the week!Markets are bullish into ranges today, so this strong move down might be scary, but it’s the perfect place to time the […]
EUR/USD Backslides In Runup To Key Midweek Data Prints

EUR/USD Backslides In Runup To Key Midweek Data Prints

Image Source: Pixabay EUR/USD grinds down back to 1.0850 as investors huddle ahead of key data prints. EU and US PMI figures are due on Wednesday. US GDP update and PCE inflation figures due on Thursday and Friday, respectively. EUR/USD dipped one-third of one percent on Tuesday as investors knuckle down for the wait to a […]
Financial Markets Report For Tuesday, July 23

Financial Markets Report For Tuesday, July 23

Image Source: PixabayIn this video, Ira Epstein reviews the activity in the Financial Markets after the day that just ended, Tuesday, July 23.Video Length: 00:11:02More By This Author:Metal Markets Report For Monday, July 22 SPDR ETF Report For Monday, July 22 Financial Markets Report For Monday, July 22
Mega-Cap Sentiment Teetering On A Shaky High Bar

Mega-Cap Sentiment Teetering On A Shaky High Bar

Image Source: UnsplashAlphabet’s (GOOGL) earnings report showed revenue that outpaced expectations, yet the stock decided to take a downturn. Meanwhile, Tesla’s (TSLA) performance resembled a car that wouldn’t start: profits sputtered, and they delayed their eagerly awaited Robotaxi event to October. The kickoff of earnings season for the “Magnificent Seven” didn’t exactly call for a ticker-tape parade […]
Tesla Slammed 8 Percent After Hours, Musk Postpones Robotaxi Announcement

Tesla Slammed 8 Percent After Hours, Musk Postpones Robotaxi Announcement

Image Source: PexelsTesla (TSLA) is hammered after hours on a much weaker than expected earnings report. In addition, Musk delayed his announcement on robotaxis from August 8 until October.Earnings Fall ShortCNBC reports Tesla Reports 7% Drop in Auto Revenue as Earnings Fall Short of Wall Street Estimates Revenue increased 2% from $24.93 billion a year earlier, Tesla […]
USD/CAD Extends Upside Above 1.3750, With All Eyes On BoC Rate Decision

USD/CAD Extends Upside Above 1.3750, With All Eyes On BoC Rate Decision

Photo by Michelle Spollen on Unsplash USD/CAD trades in positive territory for the sixth consecutive day near 1.3785 in Wednesday’s early Asian session.  BoC is widely anticipated to cut its benchmark interest rate by 25 bps to 4.50% at its July meeting on Wednesday.  Economists expect the Fed will cut interest rates twice this year amid the cooler […]