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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 […]
Is The US Economy More Fragile Than It Appears?

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 
                    
 

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 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 […]