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Archives by Year:
“Sell Rosh Hashanah, Buy Yom Kippur?” Stock Market (and Sentiment Results)… Fox Business Seasonal Weakness on Tap? Reasons to Stay Optimistic into Year-End (despite near-term/October potential headwinds) Now onto the shorter term view for the General Market:
Fox BusinessOn Friday, I joined Liz Claman on Fox Business to discuss key Market themes we are focused on moving forward. Thanks to Liz, Jake Mack and Kathryn Meyers for having me on:Watch in HD Directly on Fox BusinessOn Tuesday, I joined Stuart Varney and Lauren Simonetti on Fox Business to discuss the Port Strike, […]
NZD/USD Dips As Market Anticipates RBNZ Rate Cut
The NZD/USD pair continues its downward trend, dropping to 0.6240 in its third consecutive session of declines. This ongoing sell-off in the New Zealand dollar is driven by market expectations of an upcoming interest rate cut by the Reserve Bank of New Zealand (RBNZ). New Zealand’s borrowing costs are currently at 5.25% per annum, with […]
USDJPY Forex Elliott Wave Technical Analysis – Thursday, October 3
USDJPY Elliott Wave Analysis – Trading Lounge Day Chart U.S. Dollar / Japanese Yen (USDJPY) Day ChartUSDJPY Elliott Wave Technical Analysis Function: Counter Trend Mode: Corrective Structure: Navy blue wave 2 Position: Gray wave 1 Direction Next Lower Degrees: Navy blue wave 3 Details: Navy blue wave 1 appears completed, with navy blue wave 2 currently […]
Cardano Struggles: Can Bulls Prevent Further Losses?
Cardano price started a fresh decline from the $0.3850 resistance. ADA is consolidating above $0.3350 and might attempt a recovery wave. ADA price started a downward move below the $0.3550 support level. The price is trading below $0.350 and the 100-hourly simple moving average. There is a short-term bearish trend line forming with resistance at […]
Labor Market Loosening Is In Its Infancy
Superficial relative improvement in layoffs and ADP’s September data risk upward revisions to August nonfarm payrolls, which will be reported Friday. We caution that questionable seasonal adjustments have exaggerated the strength in ADP’s headline. Moreover, cooling in job switcher wages versus job stayers fits with labor loosening that doesn’t end here. The accelerating bankruptcy cycle […]
MicroStrategy Weekly Upside Target
MicroStrategy (MSTR) is one of the top performing stocks in recent two years. In our previous article, we explained the impulsive structure taking place since 2022 low. In this article, we’ll take a look at the potential targets to the upside based on the Elliott Wave Theory.MSTR started is major bullish cycle in 2002. Since then, the stock is currently […]
GBP/USD Hammered Down To Over Two-week Low, Below Mid-1.3100s On Bailey’s Dovish Remarks
The GBP/USD pair continues losing ground for the third straight day – also marking the fourth day of a negative move in the previous four – and plummets to over a two-week low during the first half of the European session on Thursday. Spot prices currently trade below mid-1.3100s, down nearly 1.0% for the day, […]
AUD/JPY Inches Lower To Near 100.50 Due To Risk Aversion Sentiment
AUD/JPY trims its intraday gains, holding some gains around 100.50 during the European hours on Thursday. The risk-sensitive Australian Dollar (AUD) depreciates as the rising geopolitical tensions have dampened the risk appetite and undermined the AUD/JPY cross.The Israeli Broadcasting Authority (IBA) reported that Israel’s security cabinet has resolved to take decisive action in response to […]
Elliott Wave Technical Analysis: Polkadot Crypto Price News For Thursday, Oct 3
Image Source: UpsplashElliott Wave Analysis TradingLounge Daily ChartDOT/ U.S. dollar(DOTUSD)DOTUSD Elliott Wave Technical AnalysisFunction: Counter TrendMode: CorrectiveStructure: Double Correctiveposition: Wave ((Y))Direction Next higher Degrees: wave IVWave Cancel invalid level: Details: Wave IV is likely to be completed and price is likely to drop at 2.406DOT/ U.S. dollar(DOTUSD)Trading Strategy: Five wave retracement of wave (C) which we are in the […]
Gold Price Remains Depressed Amid Stronger USD, Lacks Follow-through Ahead Of US Data
Image Source: Unsplash Gold price struggles to attract any meaningful buying amid sustained US Dollar strength. Reduced bets for a 50 bps Fed rate cut in November lifted the USD to a multi-week high. Geopolitical risks continue to act as a tailwind for the XAU/USD ahead of the US data. Gold price (XAU/USD) trades with a […]
