October 2024 - Page 79 of 139 -

Coffee Commodity Elliott Wave Technical Analysis – Wednesday, October 9

Oct 09, 2024 Jeremy Parkinson Finance 0

Coffee Elliott Wave AnalysisCoffee breached the February 2022 previous high to continue the long-term bullish corrective cycle from May 2019. In the long term, the commodity could reach 317 which is about 28% of the current price level. Thus, buyers might consider buying the dips along this path.The long-term bullish corrective cycle started in May 2019. Aside […]

AUD/USD Outlook: Aussie Nosedives After RBA Minutes

Oct 09, 2024 Jeremy Parkinson Finance 0

The AUD/USD outlook shows a steep downtrend as the Aussie tumbles after the Reserve Bank of Australia meeting minutes. Meanwhile, the dollar held firm as market participants adjusted the outlook for Fed rate cuts. The Australian dollar fell on Tuesday after RBA meeting minutes sounded slightly dovish. However, a shift to a completely dovish tone might […]

EUR/USD Faces Continued Downside Risk Ahead Of US CPI

Oct 09, 2024 Jeremy Parkinson Finance, No picture 0

The big drop in Chinese markets we have seen over the past two sessions has kept the pressure on commodity dollars, although European majors EUR/USD and GBP/USD have been largely unaffected, with the likes of the DAX also following US markets higher on Tuesday. With not much on the US economic calendar today, expect the […]

USD/JPY Analysis: Poised For Action: Will 150 Hold Or Break?

Oct 09, 2024 Jeremy Parkinson Finance 0

The Japanese yen remained weak at around 148.55 yen per US dollar on Wednesday after falling to its lowest level in seven weeks in the previous session, as investors continued to assess the Bank of Japan’s monetary policy outlook. In its latest quarterly report, the BoJ said that price and wage increases are spreading across […]

Salesforce Inc. Stocks Elliott Wave Technical Analysis – Wednesday, October 9

Oct 09, 2024 Jeremy Parkinson Finance 0

CRM Elliott Wave Analysis Trading Lounge Daily Chart,Salesforce Inc., (CRM) Daily ChartCRM Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: MotivePOSITION: Minor 3DIRECTION: Upside within 3.DETAILS: As the correction in Primary wave 4 could still no be completed, we are exploring the possibility of a running flat in 4 and consequently we could be in the early stages of […]

CSI 300 Drops 7%, Oil Steadies, And The US Dollar Remains Firm

Oct 09, 2024 Jeremy Parkinson Finance, No picture 0

We suspect the market overreacted to the US jobs data, which was tainted by the lowest “establishment” response in over two decades and seasonal adjustments were likely thrown off by Hurricane Helene and the 33k strike at Boeing. We think Fed officials, and more speak today, have confirmed that it was not the game changer […]

Climbing Limo GDP Forecast For 2024-Q3

Oct 09, 2024 Jeremy Parkinson Finance, No picture 0

The climbing limo method of forecasting future GDP in the United States projects the nation’s economic output in the third quarter of 2024 will be within a few percent points of $29.6 trillion.The U.S. Bureau of Economic analysis released a pretty extensive set of revisions for its GDP data going back to January 2019, which changed the […]

Alphabet Stock Dips In Premarket Amid Antitrust Breakup Threat

Oct 09, 2024 Jeremy Parkinson Finance, No picture 0

The U.S. Justice Department is reportedly considering breaking up Google to address antitrust concerns.The U.S. Justice Department is considering recommending that Google-owner Alphabet (NASDAQ: GOOG) be forced to sell off parts of its operations in what has been called a “landmark antitrust case.” This move is a potential remedy to address the tech giant’s alleged monopolization of […]

TASI Index Elliott Wave Technical Analysis – Wednesday, October 9

Oct 09, 2024 Jeremy Parkinson Finance 0

TASI Index Elliott Wave Technical Analysis Function: Trend Mode: Impulsive Structure: Gray wave 3 Position: Orange wave 3 Next Lower Degrees: Gray wave 4 Details: Gray wave 2 completed, gray wave 3 in progress Wave Invalidation Level: 11345.065 The daily Elliott Wave analysis of the TASI Index indicates the continuation of an impulsive trend, currently in gray wave 3. The overall structure suggests a bullish movement, […]

The Commodities Feed: China Demand Concerns Weigh On Commodity Complex

Oct 09, 2024 Jeremy Parkinson Finance, No picture 0

The oil market traded under pressure yesterday amid demand concerns from China and a bearish inventory report from the American Petroleum Institute (API).Oil prices have stabilized as focus shifts to supply risks in the US due to Hurricane Milton. Pictured: people evacuate North-West Florida Energy – Jump in US oil inventoryICE Brent slumped yesterday to settle […]