Archives by Month:

Archives by Year:

Soybean Commodity Elliott Wave Technical Analysis – Thursday, October 17

Soybean Commodity Elliott Wave Technical Analysis – Thursday, October 17

Soybean Elliott Wave AnalysisThe bounce from August appears to have completed as the commodity now aims for a new low for the year. Thus, the bearish sequence from June 2022 should extend lower.The price is in a bearish corrective phase on the daily chart – correcting the impulse wave cycle between May 2019 and June 2022. From […]
3 Stocks With Heavy Short Interest In October: Worth The Squeeze?

3 Stocks With Heavy Short Interest In October: Worth The Squeeze?

Image Source: Pexels  Heavily shorted stocks are ripe for volatility. Regardless of the companies’ current bearish or bullish outlook, there is potential for gains. If the trading activity materializes a short squeeze, these stocks could get a rapid valuation bump as short-sellers are forced to cover their positions.But this would then be followed by an equally rapid price […]
GBP/USD Forecast: Pound Sinks Amid Downbeat UK Inflation

GBP/USD Forecast: Pound Sinks Amid Downbeat UK Inflation

The GBP/USD forecast indicates a sudden drop after UK inflation figures missed forecasts. The unexpected decline in price pressure has increased bets for a BoE rate cut. Meanwhile, dollar strength continued as Fed policymakers shifted to a cautious tone.Data on Wednesday showed that UK inflation dropped sharply from 2.2% to 1.7% in September. Meanwhile, analysts […]
TSM Rights The Ship

TSM Rights The Ship

Retail sales, jobless claims, and the Philly Fed report all came in better than expected a few minutes ago at 8:30 AM ET, and we’ll have more coverage of these indicators later today.After major chip-equipment manufacturer ASML spooked the Tech world earlier this week with a weaker-than-expected earnings report, Taiwan Semi (TSM) has helped to […]
ECB makes 25 bps rate cut as inflation drops to three-year low

ECB makes 25 bps rate cut as inflation drops to three-year low

Key Takeaways ECB’s rate cut follows a significant drop in inflation to 1.8%. Further rate reduction anticipated by markets by December. Share this article The Euro Central Bank (ECB) decided to cut interest rates by 25 basis points during its monetary policy meeting today, lowering the key rate from 3.5% to 3.25%. This is the […]
EUR/GBP Stays With Losses Near 0.8350 After ECB Reduces Interest Rates By 25 Bps 
                    
Euro PRICE Today

EUR/GBP Stays With Losses Near 0.8350 After ECB Reduces Interest Rates By 25 Bps Euro PRICE Today

The EUR/GBP pair remains fragile after the European Central Bank (ECB) policy meeting in which the central bank cut its Rate on Deposit Facility by 25 basis points (bps) to 3.25%. The ECB reduced its key borrowing rates for the second straight time.Euro PRICE TodayThe table below shows the percentage change of Euro (EUR) against listed major […]
Financial Risk At Historic Highs–What’s Your Plan?

Financial Risk At Historic Highs–What’s Your Plan?

US Auto loans that were more than 90 days delinquent in the second quarter were the highest since the second quarter of 2010 (blue line below since 2004, via Arbor Research and The Kobeissi Letter). Auto loan debt held by Americans rose to a record $1.63 trillion (red line), 92% above 2008 levels, while auto […]
USD/JPY Price Forecast: Short-term Uptrend Seems To Be Running Out Of Steam

USD/JPY Price Forecast: Short-term Uptrend Seems To Be Running Out Of Steam

USD/JPY continues making higher highs and higher lows as it extends its short-term uptrend towards the underside of the major trendline in the 151.00s. Bullish momentum has eased off, however, suggesting bulls could be running out of steam, and although the uptrend is intact there exists an increased risk of a pull back developing. USD/JPY 4-hour Chart  A […]
ECB Cuts Rates Again As Growth Concerns Take Over

ECB Cuts Rates Again As Growth Concerns Take Over

Image Source: Pexels  The European Central Bank’s decision to cut interest rates by 25bp shows that policymakers have grown more concerned about the eurozone’s growth outlook.This is not the panic on the streets of London The Smiths sang about, but rather panic on the streets of Frankfurt or better Ljubljana, as the European Central Bank just announced another rate cut […]
Deere & Co. Stocks Elliott Wave Technical Analysis – Thursday, October 17

Deere & Co. Stocks Elliott Wave Technical Analysis – Thursday, October 17

DE Elliott Wave Analysis Trading Lounge Daily Chart,Deere & Co., (DE) Daily ChartDE Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: MotivePOSITION: Wave 1 of (1).DIRECTION: Bottom in wave 2 of (1).DETAILS: Looking for a clear three wave move within wave 2 as we seem to have potentially completed the long lasting correction in Intermediate (4). Deere & Co., […]