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Market Briefing For Thursday August 1

Market Briefing For Thursday August 1

Better balance was the Fed perspective today, as they didn’t cut rates. They talked of job gains moderating, which obscures real softening in consumption in lower-to-middle class households. depositphotos So, the groundwork is laid for a ‘cut’, perhaps September, but the language in a sense was minimal in terms of acknowledging consumer slippage or ‘credit card’ borrowing, […]
Elliott Wave Technical Analysis: CAC 40 Index – Thursday, Aug. 1

Elliott Wave Technical Analysis: CAC 40 Index – Thursday, Aug. 1

Image Source: Unsplash  CAC 40 (France) Elliott Wave Analysis Trading Lounge Day ChartCAC 40 (France) Elliott Wave Technical Analysis Function: Trend Mode: Impulsive Structure: Orange wave 3 Position: Navy blue wave 3 Next Higher Degrees Direction: Orange wave 3 (initiated) Details: The analysis indicates that orange wave 2 seems to be completed, leading to the current play of orange wave 3. The invalidation level […]
Forex Today: Yen Soars On More Hawkish Bank Of Japan

Forex Today: Yen Soars On More Hawkish Bank Of Japan

Image Source: Pixabay  The Japanese Yen has continued to make unusually large gains against other currencies, as markets pile into long Yen trades on the prospect of further rate hikes by the Bank of Japan. The Forex market has been in focus today as the Japanese Yen has continued to make strong gains as markets adjust […]
USD/CAD Sticks To Modest Gains Above 1.3800 Mark, Lacks Bullish Conviction

USD/CAD Sticks To Modest Gains Above 1.3800 Mark, Lacks Bullish Conviction

 Photo by Michelle Spollen on Unsplash USD/CAD regains positive traction amid the emergence of some USD dip-buying. The Fed’s dovish stance drags the US bond yields lower and should cap the USD. A positive risk tone and the overnight rally in Oil prices warrant caution for bulls. The USD/CAD pair attracts some dip-buyers on Thursday and moves away […]
Apple ETFs To Buy Ahead Of Its Fiscal Q3 Earnings

Apple ETFs To Buy Ahead Of Its Fiscal Q3 Earnings

Image Source: UnsplashAll eyes are on technology giant Apple (AAPL – Free Report), which is set to release third-quarter fiscal 2024 results after market close on Aug 1. Since Apple accounts for nearly 7% of the total market capitalization of the entire technology sector on the S&P 500 Index, it is worth taking a look at its fundamentals […]
3 Standout Stocks Of This Week’s Busy Earnings Lineup

3 Standout Stocks Of This Week’s Busy Earnings Lineup

Image Source: PixabayIn the most anticipated week of the Q2 earnings season, several top-rated Zacks stocks are standing out after exceeding their quarterly top and bottom line expectations on Tuesday.Setting themselves apart from a slew of popular companies that have reported this week, let’s review the Q2 results of three of these top stocks which all […]
Monro: A Promising Short Opportunity Despite Low Volume

Monro: A Promising Short Opportunity Despite Low Volume

Image Source: PixabayJust a stock I had never stumbled upon before that I found today, Monro (MNRO), which looks like it is setting up as a terrific prospective short (although the volume stinks).More By This Author:Electronic Arts: A Strong Long-Term Investment at Lifetime HighDrunken SchwabThe Money Shot
Elliott Wave Technical Analysis – Polkadot Crypto Price News For Thursday, August 1

Elliott Wave Technical Analysis – Polkadot Crypto Price News For Thursday, August 1

Image Source: PixabayElliott Wave Analysis TradingLounge Daily ChartPolkadot / U.S. dollar(DOTUSD)DOTUSD Elliott Wave Technical AnalysisFunction: Follow TrendMode: MotiveStructure: ImpulsePosition: Wave ((1))Direction Next higher Degrees: wave I of ImpulseWave Cancel invalid level: Details: the five-wave Increase of wave ((1))Polkadot / U.S. dollar(DOTUSD)Trading Strategy: Polkadot’s outlook looks like the Wave 1 rally is likely to end. The price is entering […]
The Commodities Feed: Geopolitical Risks Reignite

The Commodities Feed: Geopolitical Risks Reignite

Image Source: Pixabay Energy – Geopolitical risks grow  Oil prices rallied yesterday as Middle East tensions grew over the assassination of Hamas’ political leader on a visit to Iran. ICE Brent settled more than 3.5% higher on the day. While Israel has not claimed responsibility for the assassination, Iran has said that it will retaliate as […]
Manchester United and Tezos team up to launch new Web3 football game

Manchester United and Tezos team up to launch new Web3 football game

Key Takeaways Manchester United’s new Web3 game features real-time stats on player trading cards. Developed on the Tezos blockchain, the game targets enhancing fan engagement through interactive collectibles. Manchester United has launched a Web3 football game, ‘Fantasy United,’ on the Tezos blockchain for the 2024/25 season, said the club in a recent announcement.Alongside the new […]