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Bitcoin And Ethereum: Bitcoin Drops To New Low On Thursday

Bitcoin And Ethereum: Bitcoin Drops To New Low On Thursday

Bitcoin chart analysisThe price of Bitcoin on Thursday retreated to $58867 at a new weekly low. With that step, the price broke last week’s low. After a quick consolidation, we are back above the $60,000 level again this morning. For now, we have resistance at $60,800, where the EMA 50 moving average is creating additional […]
USD/CAD Surrenders Some Gains After US PPI, Canadian Employment Data

USD/CAD Surrenders Some Gains After US PPI, Canadian Employment Data

Image Source: DepositPhotosThe USD/CAD pair gives up some of its intraday gains after posting a fresh two-month high to near 1.3780 in Friday’s New York session. The Loonie asset surrenders some gains after the release of the United States (US) Producer Price Index (PPI) and the Canadian Employment data for September.The initial reaction after the […]
Tech Mahindra Stocks Elliott Wave Technical Analysis – Friday, October 11

Tech Mahindra Stocks Elliott Wave Technical Analysis – Friday, October 11

TECH MAHINDRA – TECHM (1D Chart) Elliott Wave Technical AnalysisFunction: Larger Degree Trend Higher (Intermediate Degree, Orange)Mode: MotiveStructure: ImpulsePosition: Minute Wave ((iv)) NavyDetails: Minute Wave ((iv)) might be complete as a triangle around the 1600 mark. If correct, Minute Wave ((v)) to resume higher soon.Invalidation point: 1420Tech Mahindra Daily Chart Technical Analysis and potential Elliott […]
Gold Resumes Its Bullish Trend

Gold Resumes Its Bullish Trend

We have been talking about bullish gold for a while. We also shared an article on October 1st, where we mentioned and highlighted an ongoing five-wave impulse within higher degree 5th wave with space for more upside after a pullback. CLICK HEREAs you can see, gold made a nice textbook pullback in wave (4), which came back […]
Tomorrow’s China Briefing Did Not Prevent The Continued Slide In Chinese Stocks Today

Tomorrow’s China Briefing Did Not Prevent The Continued Slide In Chinese Stocks Today

The combination of the firmer than expected US CPI and larger than expected rise in initial and continuing jobless claims saw short-term US rates fall, and the odds of a quarter-point cut by the Fed rose from about 83% to about 93%. The Fed funds futures market boosted the odds of another quarter-point cut in […]
GDP Report Continues To Defy Recession Forecasts 
                    
Defying Recession Calls: The Resilient U.S. Economy
Market Reactions: Why Investors Are Optimistic
Risks to Continued Economic Growth
Conclusion

GDP Report Continues To Defy Recession Forecasts Defying Recession Calls: The Resilient U.S. Economy Market Reactions: Why Investors Are Optimistic Risks to Continued Economic Growth Conclusion

The Bureau of Economic Analysis (BEA) recently released its second-quarter GDP report for 2024, showcasing a 2.96% growth rate. This number has sparked discussions among investors and analysts, particularly those predicting an imminent recession. There are certainly many supportive data points that have historically predicted recessionary downturns. The reversal of the yield curve inversion, the […]
WTI Crudeoil Commodity Elliott Wave Technical Analysis – Friday, October 11

WTI Crudeoil Commodity Elliott Wave Technical Analysis – Friday, October 11

WTI Elliott Wave AnalysisWTI is recovering from the low of September 2024 and could advance further in the coming weeks to $80-90 as a bullish corrective sequence from May 2023 progresses. Thus, provided dips do not exceed the $65.3 Sept-2024 low, the upside appears to be favored in the short term.From the long-term perspective, price is still correcting […]
Why Has Eating Out Become So Costly?

Why Has Eating Out Become So Costly?

Through August 2024, the cost of eating out at establishments that provide full service meals and snacks has risen 23% since January 2021.In fact, when you go out to a restaurant today, it’s not uncommon to see things like $16 dollar BLT sandwiches on the menu. How is it possible that two slices of toasted bread, a couple strips […]
How Do I Start Investing?

How Do I Start Investing?

Investing can feel daunting, especially when confronted with an array of terms like IRAs, 401(k)s, and market trends. However, it’s one of the most effective ways to build wealth and achieve financial independence. Whether you’re saving for retirement, a home, or another major life goal, knowing the basics will help you get started with confidence. […]
Avery Dennison Corp. Stocks Elliott Wave Technical Analysis – Friday, October 11

Avery Dennison Corp. Stocks Elliott Wave Technical Analysis – Friday, October 11

AVY Elliott Wave Analysis Trading Lounge Daily Chart,Avery Dennison Corp., (AVY) Daily ChartAVY Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: MotivePOSITION: Wave 3DIRECTION: Upside in wave 3.DETAILS: We are looking at the possibility of a bottom in Minor wave 2 in place at 200$ and another {i}-{ii} of 3 completed, ready to take off. Avery Dennison Corp., (AVY) 1H ChartAVY Elliott […]