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Elliott Wave Technical Analysis: CAC 40 – Thursday, Oct. 17

Elliott Wave Technical Analysis: CAC 40 – Thursday, Oct. 17

Image Source: Unsplash  CAC 40 (France) Elliott Wave Analysis Trading Lounge Day ChartCAC 40 (France) Elliott Wave Technical AnalysisFunction: Counter TrendMode: CorrectiveStructure: Gray Wave 2Position: Orange Wave 3Direction Next Higher Degrees: Gray Wave 3Details: Gray Wave 1 has been completed, and now Gray Wave 2 of Orange Wave 3 is unfolding.Wave Cancel Invalidation Level: 7,031.04The Elliott Wave analysis […]
Solana gets new meme coin trading terminal with Jupiter’s Ape Pro

Solana gets new meme coin trading terminal with Jupiter’s Ape Pro

Key Takeaways Ape Pro provides advanced trading tools like real-time token streaming and MEV protection. Jupiter’s new platform Ape Pro simplifies access with one-tap social login. Share this article Jupiter, Solana’s leading DEX swap aggregator, has introduced a new meme coin trading platform called Ape Pro.Ape Pro, announced earlier today through Jupiter’s official X account, […]
Initial Claims: *Maybe* The Onset Of A Concerning Trend, But There Are Distortions Galore

Initial Claims: *Maybe* The Onset Of A Concerning Trend, But There Are Distortions Galore

As I indicated yesterday, today’s initial jobless claims report was particularly challenging, due to hurricane effects and unusual seasonal adjustments. The Columbus Day holiday may also have affected the numbers.To cut to the chase, even after accounting for distortions, the number was very elevated YoY, which if it continues will be a real cause for […]
Analytical Overview Of The Main Currency Pairs – Thursday, Oct. 17

Analytical Overview Of The Main Currency Pairs – Thursday, Oct. 17

Image Source: Pexels  The EUR/USD currency pairTechnical indicators of the currency pair: Prev. Open: 1.0890 Prev. Close: 1.0862 % chg. over the last day: -0.26 % The ECB monetary policy meeting will be held today. Signs of slowing economic growth and weakening price pressures have reinforced the need for faster rate cuts to support the Eurozone […]
Sensex Today Tanks 495 Points; Nifty Ends Below 24,800

Sensex Today Tanks 495 Points; Nifty Ends Below 24,800

After opening the day on a negative note, Indian share markets Slipped as the session progressed and ended the day weak.Benchmark equity indices, BSE Sensex, and NSE Nifty50 ended in red amid the expiry of Nifty50 contracts, mirroring its Asian peers, on Thursday.At the closing bell, the BSE Sensex stood lower by 495 points (down 0.6%).Meanwhile, the NSE […]
Nasdaq 100 Recovers To Keep Trend Intact As Focus Turns To US Election

Nasdaq 100 Recovers To Keep Trend Intact As Focus Turns To US Election

Image Source: Unsplash  After Tuesday’s drop, the markets stabilised on Wednesday in a quiet trade and now US equity futures are making a comeback attempt during the first half of Thursday’s session. This is despite continued weakness in China, where the government’s latest attempt to shore up the property market, failed to lift sentiment. The recovery […]
These 3 Conditions Must Be Met Before Silver Surges Like Gold

These 3 Conditions Must Be Met Before Silver Surges Like Gold

Image Source: Pixabay  Just two months ago, the precious metals community was growing frustrated with gold after its choppy, lukewarm summer price action. At that time, I kept urging investors to stay patient as I believed that gold was about to break out in multiple non-U.S. currencies, which would result in a powerful surge.Sure enough, that’s exactly what […]
Initial Jobless Claims Drop As Storm Impact Fades

Initial Jobless Claims Drop As Storm Impact Fades

After last week’s storm- and strike-driven surge in initial jobless claims, the headline data slipped back from 260k (revised higher) to 241k…Source: BloombergOn an unadjusted basis, initial claims remain high (but off their highs) while continuing claims pushed higher from 1.858mm Americans to 1.867mm Americans…Source: BloombergThe impact of Hurricane Helene (North Carolina) will continue to […]
Cava: A Hot Trend Comes At A Dear Cost To Investors

Cava: A Hot Trend Comes At A Dear Cost To Investors

 Since going public in June 2023, Cava (CAVA) has taken the fast-casual restaurant industry and Wall Street by storm. Cava describes itself as a “Mediterranean fast-casual restaurant brand that brings heart, health, and humanity to food.” As the chart below highlights, Cava shares are up 250+% since its IPO. The return is 5x its chief […]
GBP/USD Forex Signal: Wedge Pattern Points To More Downside

GBP/USD Forex Signal: Wedge Pattern Points To More Downside

Bearish view Sell the GBP/USD pair and set a take-profit at 1.2825. Add a stop-loss at 1.3100. Timeline: 1-2 days. Bullish view Buy the GBP/USD pair and set a take-profit at 1.3100. Add a stop-loss at 1.2825. The GBP/USD exchange rate continued its downward trend, falling to its lowest point since August 22nd, and by […]