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Forex Elliott Wave Technical Analysis: U.S. Dollar / Canadian Dollar (USDCAD)

Forex Elliott Wave Technical Analysis: U.S. Dollar / Canadian Dollar (USDCAD)

Photo by Michelle Spollen on UnsplashUSDCAD Elliott Wave Analysis – Trading Lounge U.S. Dollar / Canadian Dollar (USDCAD) Day ChartUSDCAD Elliott Wave Technical AnalysisFunction: Trend Mode: Impulsive Structure: Navy blue wave 1 Position: Gray wave 3 Direction Next Lower Degrees: Navy blue wave 2 Details: Navy blue wave 1 of gray wave 3 is still in play. Wave cancellation/invalid level: 1.34189.The […]
Rates Spark: Markets Now Contemplating A 50bp December ECB Cut

Rates Spark: Markets Now Contemplating A 50bp December ECB Cut

Image Source: PexelsThe ECB cut the deposit rate by 25bp as expected, but the communication was more dovish than anticipated, with unanimous support for the decision. Markets now price in a 25% chance of a 50bp cut in December, which seems overly ambitious but we wouldn’t push back until the US elections. Global dynamics still drive […]
Pound Sterling Strengthens On Upbeat UK Retail Sales Data

Pound Sterling Strengthens On Upbeat UK Retail Sales Data

Photo by Colin Watts on Unsplash  The Pound Sterling rebounds from 1.3000 against the US Dollar as UK monthly Retail Sales unexpectedly rose by 0.3%. Upbeat Retail Sales data could influence speculation for the BoE rate-cut path. Better-than-expected US Retail Sales reinforced markets’ confidence in the resilience of the US economy. The Pound Sterling (GBP) outperforms its major […]
3 Mobile Payments Stocks Worth A Closer Look

3 Mobile Payments Stocks Worth A Closer Look

Image Source: PixabayZacks Thematic Screens lets you dive into 30 dynamic investment themes shaping the future. Whether you’re interested in cutting-edge technology, renewable energy, or healthcare innovations, our themes help you invest in ideas that matter to you.Let’s take a closer look at the ‘Mobile Payments’ theme and analyze a few stocks that the screen returned, […]
TSLA: What To Do In The Wake Of Its “Disappointing” Robotaxi Day

TSLA: What To Do In The Wake Of Its “Disappointing” Robotaxi Day

Image Source: PexelsThe markets continue to rack up gains. Makes sense. The latest Producer Price Index (PPI) allayed fears that Fed Chair Jerome “JPow” Powell will get antsy. Put another way, the CPI was “hot,” but the PPI was “not.” Now, I want to talk about the real reason Tesla Inc. (TSLA) dropped after its Robotaxi event.Right on cue, Tesla CEO Elon […]
SPDR ETF Report For Thursday, Oct 17

SPDR ETF Report For Thursday, Oct 17

Image Source: PixabayIn this video, Ira Epstein reviews the day’s trading in various SPDR-ETF markets for the trading day that ended, Thursday, October 17.Video Length: 00:16:54More By This Author:Financial Markets Report For Thursday, Oct 17Metal Markets Report For Wednesday, Oct 16Financial Markets Report For Wednesday, Oct 16
Elliott Wave Technical Analysis: ChainLink Crypto Price News For Friday, Oct 18

Elliott Wave Technical Analysis: ChainLink Crypto Price News For Friday, Oct 18

Image Source: PexelsElliott Wave Analysis TradingLounge Daily ChartChainLink/ U.S. dollar(LINKUSD)LINKUSD Elliott Wave Technical AnalysisFunction: Counter TrendMode: CorrectiveStructure: Triple CorrectivePosition: Wave ZDirection Next higher Degrees: Wave ((II)) of ImpulseWave Cancel invalid Level: Details:: Wave (II) is likely to retest at 6.882ChainLink/ U.S. dollar(LINKUSD)Trading Strategy:  The correction in wave ((2)) seems to be not over yet, so we focus on the […]
Japanese Yen Strengthens Against USD Amid Fresh Verbal Intervention From Authorities

Japanese Yen Strengthens Against USD Amid Fresh Verbal Intervention From Authorities

Image Source: Pixabay The Japanese Yen attracts some buyers after verbal intervention from government authorities. Signs of easing inflation in Japan raise doubts about additional BoJ interest rate hikes this year. Bets for smaller rate cuts by the Fed underpin the USD and should lend support to the USD/JPY. The Japanese Yen (JPY) edges higher against […]
SEC targets Ripple’s XRP sales on exchanges, distributions of XRP to employees in new filing

SEC targets Ripple’s XRP sales on exchanges, distributions of XRP to employees in new filing

Key Takeaways The SEC’s appeal does not contest XRP’s classification as a non-security but challenges other aspects of the ruling. The appellate court will conduct a de novo review of the SEC’s claims against Ripple’s XRP transactions. Share this article The SEC is appealing the July 2023 ruling that determined Ripple’s XRP sales on digital […]
Elliott Wave Intraday View: S&P 500 Futures (ES) Wave 5 In Progress

Elliott Wave Intraday View: S&P 500 Futures (ES) Wave 5 In Progress

Image Source: PixabayShort Term Elliott Wave View in S&P 500 Futures (ES) suggests that cycle from 8.5.2024 low is in progress as a 5 waves impulse. Up from 8.5.2024 low, wave 1 ended at 5669.75 and dips in wave 2 ended at 5394. The Index extends higher in wave 3 towards 5830 and pullback in wave 4 […]