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Metal Markets Report For Tuesday, Oct 8

Metal Markets Report For Tuesday, Oct 8

Image Source: PixabayIn this video, Ira Epstein reviews the day’s trading in the gold and other relevant metal markets.Video Length: 00:11:46More By This Author:Financial Markets Report For Tuesday, Oct 8SPDR ETF Report For Monday, Oct 7Financial Markets Report For Monday, Oct 7
Google Turns To Nuclear To Power Its Data Centers

Google Turns To Nuclear To Power Its Data Centers

Image Source: PixabayTwo weeks ago, Microsoft (MSFT) set the utility space ablaze – metaphorically speaking – when we learned that the tech giant had made a deal with Constellation Energy to restart the Three Mile Island nuclear power plant, site of the worst nuclear accident in US history. Constellation CEO Joe Dominguez said: “Policymakers and the market have […]
Index Path Update

Index Path Update

Image Source: PexelsA couple of days ago, I did The Path to Total Surrender post, which nervously pointed out the price action that would, once and for all, zap any morsels of bearish hope for the foreseeable future. So far, those levels haven’t been breached, and on Tuesday we experienced the biggest drop in Chinese stocks in 16 years. Al the same, the risks are still very […]
Japanese Yen Seems Vulnerable; USD/JPY Bulls Await FOMC Minutes Before Placing Fresh Bets

Japanese Yen Seems Vulnerable; USD/JPY Bulls Await FOMC Minutes Before Placing Fresh Bets

Image Source: Pixabay The Japanese Yen struggles to lure buyers amid uncertainty over future BoJ rate hikes. Hopes for a possible Hezbollah-Israel ceasefire further undermine the safe-haven JPY. Intervention fears cap USD/JPY amid subdued USD demand ahead of FOMC minutes. The Japanese Yen (JPY) remains depressed against its American counterpart during the Asian session, with the […]
Elliott Wave Intraday View In GBPJPY Looking For Further Upside

Elliott Wave Intraday View In GBPJPY Looking For Further Upside

Image Source: PixabayShort Term Elliott Wave View in GBPJPY suggests that cycle from 9.11.2024 low is currently in progress as a zigzag. Up from 9.11.2024 low, wave A ended at 195.97. Pullback in wave B also unfolded as a zigzag Elliott Wave structure. Down from wave A, wave ((a)) ended at 190.96 and wave ((b)) ended at […]
Elliott Wave Technical Analysis: Bitcoin Crypto Price News For Wednesday, Oct 9

Elliott Wave Technical Analysis: Bitcoin Crypto Price News For Wednesday, Oct 9

Image Source: UnsplashElliott Wave Analysis TradingLounge Daily ChartBitcoin/ U.S. dollar(BTCUSD)BTCUSD Elliott Wave Technical AnalysisFunction: Counter TrendMode: CorrectiveStructure: Double Correctiveposition: Wave ((Y))Direction Next higher Degrees: wave IVWave Cancel invalid level: Details: The decline of wave IV is likely to end and the price is re-entering the uptrend.Bitcoin/ U.S. dollar(BTCUSD)Trading Strategy:  It looks like the wave IV correction is complete and the price […]
Stocks Rally Thanks To Surging Nvidia Options Volume

Stocks Rally Thanks To Surging Nvidia Options Volume

Image Source: UnsplashStocks ended the day higher, recovering all of yesterday’s losses and closing up by about 1%. Nvidia (NVDA) played a key role in driving the rally, climbing more than 4%. Over 3 million Nvidia call options were traded, well above the 20-day average of 2.3 million contracts.(BLOOMBERG)I point this out because, despite the surge […]
Current Report: Deutsche Bank AG

Current Report: Deutsche Bank AG

Image Source: PixabayDeutsche Bank AG (DB) in July 2019 announced another restructuring plan hoping to revitalize revenue, reduce costs, and return to profitability.The largest moving pieces of the new plan were the full exit of global equity sales & trading, the scaling back of its fixed-income business, as well as 18,000 employee reductions until 2022.The remaining […]
Market Briefing For Wednesday, Oct 9

Market Briefing For Wednesday, Oct 9

Image Source: PexelsTurbulence persists – with markets generally ignoring an historic catastrophe coming starting ‘tonight’ due not to outer bands as such; but the preceding big tropical storm, which a week ago was the ‘2nd feature’ in the Caribbean. Now they almost combine; and while ‘Milton’ isn’t ‘formally’ hitting until late Wed., it sort of lulled complacency […]
WTI Holds Below $73.50 As Middle East Tensions Ease

WTI Holds Below $73.50 As Middle East Tensions Ease

Image Source: Unsplash WTI attracts some sellers near $73.35 in Wednesday’s early Asian session.  The possible Hezbollah-Israel ceasefire, ongoing concerns about China’s demand could undermine the WTI price.  The rising Middle East geopolitical risks might cap the upside for WTI.  West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $73.35 on Wednesday. The WTI price edges […]