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Elliott Wave Technical Analysis: NEO Crypto Price News For Friday, Oct 4

Elliott Wave Technical Analysis: NEO Crypto Price News For Friday, Oct 4

Image Source: PexelsElliott Wave Analysis TradingLounge Daily ChartNEO/ U.S. dollar(NEOUSD)NEOUSD Elliott Wave Technical AnalysisFunction: Counter TrendMode: CorrectiveStructure: FlatPosition: Wave (2)Direction Next higher Degrees: Wave ((2)) of ImpulseWave Cancel invalid Level: Details: Wave (2) is likely to test the Level 8.22NEO/ U.S. dollar(NEOUSD)Trading Strategy:  This is a 5 wave retracement of wave (C), in which we are in the […]
Nowcasting Private NFP Using ADP Data

Nowcasting Private NFP Using ADP Data

Image Source: PexelsMy guess for private NFP:Figure 1: Private NFP (bold black), nowcast (blue), +/- 1 std error band (gray), Bloomberg consensus (red +). Source: BLS, Bloomberg, author’s calculations.The nowcast is +176K, vs +125K Bloomberg consensus.The nowcast is based on this regression:For comparison, GS provides some big data nowcasts for total NFP (GS adds 20K to ADP […]
SPDR ETF Report For Thursday, Oct 3

SPDR ETF Report For Thursday, Oct 3

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 3.Video Length: 00:11:00More By This Author:Financial Markets Report For Thursday, Oct 3Metal Markets Report For Wednesday, Oct 2Financial Markets Report For Wednesday, Oct 2
Stocks Stall Out Before The September Jobs Report

Stocks Stall Out Before The September Jobs Report

Image Source: PixabayStocks finished little changed on Thursday. The trading range was quite wide, but for now, the S&P 500 remains near the zero gamma level for the most part. Friday’s jobs report is expected to break the stalemate, regardless of the outcome.Between April 2022 and March 2024, the BLS missed analysts’ estimates only three times. […]
EUR/USD Extends Losing Streak Toward 1.1000 Due To Rising Odds Of An ECB Rate Cut

EUR/USD Extends Losing Streak Toward 1.1000 Due To Rising Odds Of An ECB Rate Cut

Image Source: Pixabay EUR/USD continues to lose ground as the ECB is widely expected to deliver a 25 basis point rate cut in October. The risk-sensitive Euro struggles due to safe-haven flows amid rising geopolitical tensions in the Middle East. The US Dollar receives support as recent US data challenge dovish expectations for Fed monetary policy. EUR/USD […]
Weather And Geopolitical Tensions Drive Price Volatility In Wheat, Sugar, And Rice

Weather And Geopolitical Tensions Drive Price Volatility In Wheat, Sugar, And Rice

Image Source: Unsplash Wheat prices may rise further due to droughts and supply disruptions in Russia. Droughts and wildfires in Brazil boost sugar prices by over 20%, bumper crop in India may limit upside. Global rice prices slump as India lifts ban on exports of non-basmati white rice. Unpredictable weather conditions and rising geopolitical tensions have […]
2 Top Cloud Computing Stocks Investors Can’t Miss: AMZN, ANET

2 Top Cloud Computing Stocks Investors Can’t Miss: AMZN, ANET

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 ‘Cloud Computing’ theme and analyze a few stocks within. What is Cloud […]
Intraday Elliott Wave View On Gold Looking To Resume Bullish Trend

Intraday Elliott Wave View On Gold Looking To Resume Bullish Trend

Photo by Dmitry Demidko on UnsplashShort Term Elliott Wave View in Gold (XAUUSD) suggests that rally to 2685.58 ended wave 3. The metal then did a pullback in wave 4 with internal subdivision as a double three Elliott Wave structure. Down from wave 3, wave (a) ended at 2654.68 and wave (b) rally ended at 2677.86. The metal extended […]
This Bear Trap Could Trigger A Massive Short Squeeze 
                    

Non-Farm Friday… Let’s Do This!
 

This Bear Trap Could Trigger A Massive Short Squeeze Non-Farm Friday… Let’s Do This!  

Image Source: Unsplash Non-Farm Friday… Let’s Do This!  Markets are messy right now, but I see (4) reasons why this Bear Trap could make us a FORTUNE on Friday!The 60-min chart is giving us plenty of clues right now…Bullish overall, but a bearish range over the last couple days…Combine that with today’s sideways range, and you […]
USD/JPY Consolidates Below 147.00, Awaits US NFP Report Before The Next Leg Up

USD/JPY Consolidates Below 147.00, Awaits US NFP Report Before The Next Leg Up

Image Source: Pixabay USD/JPY enters a bullish consolidation phase near its highest level since August 19. Bulls seem reluctant to place fresh bets ahead of the release of the US NFP report.  BoJ rate hike uncertainty and reduced bets for a 50 bps Fed rate cut lend support. The USD/JPY pair is seen oscillating in a […]