Archives by Month:

Archives by Year:

GBP/USD Forex Signal: Rebound Likely As Geopolitical Risks Ease

GBP/USD Forex Signal: Rebound Likely As Geopolitical Risks Ease

Bullish View Buy the GBP/USD pair and set a take-profit at 1.3100. Add a stop-loss at 1.2885. Timeline: 1-2 days.  Bearish View Sell the GBP/USD pair and set a take-profit at 1.2885. Add a stop-loss at 1.3050. The GBP/USD exchange rate stabilized ahead of the important US consumer confidence data and the UK budget. It […]
Stocks Face Uncertainty Ahead Of Data, Earnings, And Elections

Stocks Face Uncertainty Ahead Of Data, Earnings, And Elections

Will Friday’s volatility lead to a downward correction, or was it just a temporary retreat?Stocks were mixed on Friday, starting on a positive note, but sellers stepped in toward the session’s end, pushing prices lower. The S&P 500 closed 0.03% lower, continuing its short-term consolidation. This morning, futures indicate the index is likely to open […]
Elliott Wave Technical Forecast: Rio Tinto Limited

Elliott Wave Technical Forecast: Rio Tinto Limited

ASX: RIO TINTO LIMITED – RIO Elliott Elliott Wave Technical Analysis TradingLounge (1D Chart)Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with RIO TINTO LIMITED – RIO. We see RIO possibly rallying with wave ((iii))-navy after some time, but not now as wave ((ii))-navy will probably still push lower one more time.ASX: […]
USD/JPY Gives Away Post-Election Gains And Returns To 152.50

USD/JPY Gives Away Post-Election Gains And Returns To 152.50

 Image Source: Pexels   The Dollar retraces the Asian session’s gains and returns to the mid-range of 152.00. Investors are taking US Dollar profits ahead of key US releases this week. Political uncertainty in Japan suggestts that the BoJ will stand pat on Thursday. The US Dollar has retraced most of the ground taken following the release of […]
Oil Prices Slide As Middle East Tensions Ease; Weak Chinese Demand And Mild Weather Pressure U.S. Energy Markets

Oil Prices Slide As Middle East Tensions Ease; Weak Chinese Demand And Mild Weather Pressure U.S. Energy Markets

In response to recent developments in the oil and gas markets, our perspective highlights a cautious approach to energy investments, considering the effects of geopolitical dynamics, fluctuating demand, and shifting supply expectations. Key Points to Address: Geopolitical Risks and Crude Oil Volatility: The significant drop in WTI crude futures, now below $69 per barrel, reflects […]
Elliott Wave Technical Analysis: Russell 2000 Index – Monday, Oct. 28

Elliott Wave Technical Analysis: Russell 2000 Index – Monday, Oct. 28

Russell 2000 Elliott Wave Analysis – Daily ChartIndex: Russell 2000 Chart Type: Daily ChartRussell 2000 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: The daily Elliott Wave analysis for the Russell 2000 index reveals a counter-trend structure with a corrective mode in gray wave 2, currently unfolding within the broader gray […]
At These Levels, Buying Silver Is Like Getting It At $5 In 2003

At These Levels, Buying Silver Is Like Getting It At $5 In 2003

The current setup on the silver chart is a lot like the start of the silver bull market of the early 2000s. In those days silver was under $5 and considered cheap.The current bottoming pattern from around 2014 to now is very similar to the early 2000s bottoming pattern (see the chart below). I have […]
Tech Heavyweights Set To Report 3Q Earnings This Week

Tech Heavyweights Set To Report 3Q Earnings This Week

Leading into this week’s 3Q reports from five tech heavyweights, the Nasdaq 100 has not made much progress in the last couple of weeks. These results will have repercussions for other market cap-weighted indices, such as the S&P 500, where both bulls and bears defended their positions last week.The Nasdaq 100 has now rallied for […]
S&P 500 Retreats As Bearish Change In Interest Rates Scares Bulls

S&P 500 Retreats As Bearish Change In Interest Rates Scares Bulls

Even though the U.S. Federal Reserve cut short term interest rates in the U.S. by a half point last month, longer term interest rates seem to have other ideas. Those rates increased in the past week. The bearish change spooked investors into backing off some of their recent bullish investments in stocks that would benefit from falling interest rates.That […]
Japan’s LDP Loses Majority, Sending Yen Lower

Japan’s LDP Loses Majority, Sending Yen Lower

Image Source: Unsplash  Overview: The next couple of weeks in the capital markets are likely to be tumultuous, and the loss of the LDP majority in Japan get it started. The yen gapped lower amid the immediate uncertainty. The yen is off about 0.5% toward the middle of today’s range. Leaving aside the Scandis, where are mixed, […]