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Archives by Year:
FX Week Ahead: Market Eyes Jackson Hole And PMI Data For Direction
Photo by Colin Watts on Unsplash In the upcoming week, major currency pairs like GBP/USD, EUR/USD, and USD/JPY could experience significant dollar-driven moves despite a lighter economic calendar. With rising US unemployment and cooling inflation, investors are increasingly confident that the Federal Reserve will implement at least a 25-basis point rate cut in September. The Jackson Hole Symposium […]
Early Or Wrong?
Image Source: Unsplash The stock market has had a strong rally, at least price-wise since the earthquake 11 days ago. My thesis has been for several more aftershocks over the ensuing weeks and possibly longer. One thing I cannot argue with is the acceleration in what I have labeled as a bounce. I also have said […]
NZD/USD Is Looking For A Bigger Recovery
Image Source: Unsplash Looking at the 4-hour time frame of the Kiwi with ticker NZD/USD, we can see a strong rebound after a completed final sub wave “v” of C of (C), as Zealand beat jobs data, so seems like a new three-wave A-B-C rally can be in play within higher degree wave (D) that can […]
Three Factors Why Gold Prices Are Soaring To Record Highs
Image courtesy of 123rf.com Gold prices surged to an unprecedented high on Friday, driven by a combination of economic indicators and global tensions. Spot gold reached $2,487.66 per ounce, marking a significant milestone in the precious metal’s recent rally.The yellow metal increased 1.3% in a single day, contributing to a weekly gain of 2.5%. U.S. gold […]
Elliott Wave Technical Analysis: British Pound/U.S. Dollar – Friday, Aug. 16
Photo by Colin Watts on Unsplash GBPUSD Elliott Wave Analysis Trading Lounge Day Chart,British Pound/U.S. Dollar (GBPUSD) Day ChartGBPUSD Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: Orange Wave 3POSITION: Navy Blue Wave 3DIRECTION NEXT LOWER DEGREES: Orange Wave 4DETAILS: Orange Wave 2 appears to be completed, with Orange Wave 3 now unfolding.Wave Cancel Invalid Level: 1.26658The GBPUSD day chart, interpreted through Elliott […]
Chart Of The Day: Will Rocket Fizzle?
Image Source: Unsplash The Chart of the Day belongs to the mortgage finance company Rocket Companies (RKT). I found the stock by using Barchart’s powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum and having a Trend Seeker buy signal then used the Flipchart feature to review the charts […]
S&P 500 Earnings Dashboard 24Q2 – Friday, Aug. 16
Image Source: Unsplash S&P 500 Aggregate Estimates and Revisions 24Q2 Y/Y earnings are expected to be 12.5%. Excluding the energy sector, the Y/Y earnings estimate is 13.3%. Of the 463 companies in the S&P 500 that have reported earnings to date for 24Q2, 78.8% reported above analyst expectations. This compares to a long-term average of 66%. The 24Q2 Y/Y blended revenue growth estimate is 5.4%. If the energy sector is […]
Latest Economic Data Suggests US Expansion Continues
A lot can happen over the course of a week when it comes to the crowd’s fickle sentiment du jour on matters of recession. At this time a week ago the headlines warned that a contraction, if it hadn’t already started, was imminent. Fast forward a week and you can hear a collective sigh of […]
Visualizing The Rising Cost Of Government Debt
Today’s high interest rate environment is making the cost of servicing the national debt more expensive, and this is projected to increase further in the future.While the previous decade of low rates made high debt loads easier to manage, the current climate paints a very different picture. Roughly $2 billion is spent each day on […]
EUR/USD Moves Higher To Near 1.1000 As US Dollar Remains Inside Woods
Image Source: Unsplash EUR/USD rises to near 1.1000 as the US Dollar declines on firm Fed rate-cut prospects. The Fed is expected to cut interest rates by 25 bps in September. ECB officials refrain from committing a pre-defined rate-cut path. The EUR/USD pair rebounds to near the psychological resistance of 1.1000 in Friday’s New York session. The […]
