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Pure-Play Quantum Computing Stocks Up 12% In July; Still Down 29% YTD

Pure-Play Quantum Computing Stocks Up 12% In July; Still Down 29% YTD

Image Source: UnsplashWhat Is Quantum Computing? Currently, computers operate on a binary system that are equipped with chips that use bits to perform computations. These bits are limited, though, and can only show a value of zero or one, so it takes a lot of zeros and ones arranged in specific orders for a computer to […]
FTSE 100 (UK) Index Elliott Wave Technical Analysis – Friday, August 2

FTSE 100 (UK) Index Elliott Wave Technical Analysis – Friday, August 2

FTSE 100 (UK) Elliott Wave Analysis – Day ChartFTSE 100 (UK) Elliott Wave Technical AnalysisFunction: TrendMode: ImpulsiveStructure: Orange Wave 5Position: Navy Blue Wave 3Direction Next Lower Degrees: Navy Blue Wave 4Details: Orange wave 4 looking completed. Now orange wave 5 of navy blue wave 3 is in play.Wave Cancel invalid level: 8,049.65The FTSE 100 Elliott Wave […]
GBP/JPY Forecast: Looking To Bounce

GBP/JPY Forecast: Looking To Bounce

 After all, the Japanese barely offer any interest in, even with the interest rate cut coming out of the Bank of England, the market will still see the overnight rate at 5%. So, you’re earning well over 4.5% to simply hang on to this pair, and traders will be paying close attention to that. And […]
Rates Spark: Bank Of England First Cut Is A Reality

Rates Spark: Bank Of England First Cut Is A Reality

The 10-year US Treasury yield breached 4% for the first time since February, reflecting growing pessimism about the US economy. Meanwhile, the Bank of England has cut interest rates by 25bp to 5% but remains cautious about future cuts. Bund yields declined further, helped by the global trend lower. US rates down further, three cuts for 2024 priced inThe 10-year UST yield […]
USD/JPY Forex Elliott Wave Technical Analysis – Friday, August 2

USD/JPY Forex Elliott Wave Technical Analysis – Friday, August 2

USD/JPY Elliott Wave Analysis Trading Lounge Day Chart,U.S. Dollar / Japanese Yen (USD/JPY) Day ChartUSD/JPY Elliott Wave Technical AnalysisFunction: Trend Mode: Impulsive Structure: Navy blue wave 1 Position: Gray wave 1 Direction Next Higher Degrees: Navy blue wave 2 Details: Navy blue wave 1 of gray wave 1 is in play. Wave cancel invalid level: 161.948The USD/JPY Elliott Wave Analysis on the […]
Metal Markets Report For Thursday, Aug 1

Metal Markets Report For Thursday, Aug 1

Image Source: PixabayIn this video, Ira Epstein reviews the day’s trading in the gold and other relevant metal markets.Video Length: 00:07:31More By This Author:SPDR ETF Report For Thursday, Aug 1 Financial Markets Report For Thursday, Aug 1 Metal Markets Report For Wednesday, July 31
Intel Announces 15,000 Job Cuts, 15 Percent Of Its Workforce

Intel Announces 15,000 Job Cuts, 15 Percent Of Its Workforce

Image Source: PexelsIntel received $8.5 billion in Biden administration grants (Inflation Reduction Act) but announces massive layoffs and halts dividends due to a decline in revenue.Actions to Accelerate our ProgressMy hoot of the day is Intel CEO Pat Gelsinger’s email to employees, titled Actions to Accelerate our Progress Team, We have moved our All Company Meeting to […]
WTI Holds Position Near $76.50, Awaits Iran’s Reaction To Assassination Of Hamas Leader

WTI Holds Position Near $76.50, Awaits Iran’s Reaction To Assassination Of Hamas Leader

Image Source: Pixabay WTI price holds mild gains due to escalated geopolitical tensions in the Middle East. Concerns over a weak global economy weaken the demand for Oil. US and China Manufacturing PMIs dropped to 46.8 and 49.8, respectively, in July. West Texas Intermediate (WTI) crude Oil price inches higher to near $76.50 per barrel during […]
Elliott Wave Technical Analysis – Dogecoin Crypto Price News For Friday, Aug 2

Elliott Wave Technical Analysis – Dogecoin Crypto Price News For Friday, Aug 2

Photo by Executium on UnsplashElliott Wave Analysis TradingLounge Daily ChartDogecoin/ U.S. dollar(DOGEUSD)DOGEUSD Elliott Wave Technical AnalysisFunction: Counter trendMode: CorrectiveStructure: ZigzagPosition: Wave ((C))Direction Next higher Degrees: wave II of ImpulseWave Cancel invalid Level:Details: Wave (II) may be complete and the Price entry to uptrend againDogecoin/ U.S. dollar(DOGEUSD)Trading Strategy: The second wave of Zigzag consolidation appears to be complete and the price […]
Asia Morning Bites For Friday, Aug 2

Asia Morning Bites For Friday, Aug 2

Image Source: Unsplash Global Macro and Markets   Global Markets: US Treasury yields have kept on falling, helped on their way by a weak manufacturing ISM index. 2Y US Treasury yields are down a further 10.9 basis points, repeating their post-FOMC decline, and 10Y yields are now down to 3.976% after a decline of 5.4bp. Markets are […]