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Archives by Year:
Is The US Economy More Fragile Than It Appears?
Americans remain optimistic, and consumer spending in the US is holding up well.Data from First Data SpendTrend reveals an increase in consumer spending on an annual basis: +4.90% in September, +5.47% in August and +3.27% in July. This shows that, despite some variations, consumers remain in good shape and continue to support the economy through […]
USD/CHF Forecast: Threatens Resistance
During my daily analysis of major currency pairs, the USD/CHF pair still garners quite a bit of attention, as it looks like it is trying to give us a signal as to where the US dollar may go longer term, or perhaps even more importantly, where the Swiss franc well. This is because of this […]
Bitcoin Price Encounters Resistance: Will It Clear The Hurdles?
Bitcoin price extended losses and traded below the $60,000 zone. BTC is now attempting a recovery wave and facing hurdles near $60,800. Bitcoin is struggling to start a fresh increase above the $61,200 zone. The price is trading below $61,000 and the 100 hourly Simple moving average. There is a key bearish trend line forming […]
EUR/USD Struggles To Gain Ground Below 1.0950 Ahead Of German Inflation Data
The EUR/USD pair remains on the defensive around 1.0935 during the early European session on Friday. The hotter-than-expected US inflation reading on Thursday has provided some support to the Greenback and caps the upside for the pair. The warmer US Consumer Price Index (CPI) reading coupled with the stronger-than-expected September jobs report strengthens the chance that […]
Bovespa Index Elliott Wave Technical Analysis – Friday, October 11
Bovespa Index Elliott Wave Analysis – Trading Lounge Day ChartBovespa Index Elliott Wave Technical Analysis FUNCTION: Counter Trend MODE: Corrective STRUCTURE: Gray wave 2 POSITION: Orange wave 3 DIRECTION (NEXT HIGHER DEGREES): Gray wave 3 DETAILS: Gray wave 1 appears completed; gray wave 2 is currently unfolding and nearing its conclusion. Wave Cancel/Invalidation Level: 123065.21 Summary:The Elliott Wave […]
Gold Recovers Amid Mixed US Economic Indicators
Gold prices recovered, reaching 2,644.00 USD per troy ounce on Friday, as investors navigated mixed signals from recent US economic data. The resilience in September’s employment market introduced some hesitations regarding the Federal Reserve’s pace of monetary easing, as the robust job data might warrant a less aggressive approach to rate cuts.Recent inflation reports further […]
Who Is Paying Attention To Stabilizing Core Inflation?
The Consumer Price Index (CPI) report for September extended a stabilizing trend for core inflation. Year-over-year, the change in the Consumer Price Index, less food and energy, has come in at 3.3%, 3.2%, 3.3%, and 3.3% over the last 4 months. If recent correlations hold, this CPI report suggests core PCE will also remain flattish […]
CAD/JPY Forecast: Faces Volatility As Yen Gains Strength
The Canadian dollar initially tried to rally against the yen, but then fell rather hard as we continue to see a lot of volatility. That’s not a huge surprise as this is a market that is going to have a lot of crosswinds, not the least of which is going to be the fact that […]
Unlocking ASX Trading Success: CBA Elliott Wave Analysis & Elliott Wave Technical Forecast – Friday, October 11
ASX: COMMONWEALTH BANK OF AUSTRALIA. – CBA Elliott Elliott Wave Technical Analysis TradingLoungeGreetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with COMMONWEALTH BANK OF AUSTRALIA. – CBA. We see CBA about to enter wave 5 to push higher, but it needs a little more time to complete wave 4.ASX: COMMONWEALTH BANK OF AUSTRALIA. […]
EUR/USD Strives To Gain Ground Above 1.0900 With US PPI In Focus
EUR/USD moves slightly higher to near 1.0950 on Friday after a sharp recovery from the two-month low of 1.0900 recorded on Thursday. The pullback move in the major currency pair could be short-lived as the US Dollar (USD) clings to gains ahead of the United States (US) Producer Price Index (PPI) data, which will be published at […]
