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Archives by Year:
USD/JPY Price Forecast: Short-term Uptrend Seems To Be Running Out Of Steam
USD/JPY continues making higher highs and higher lows as it extends its short-term uptrend towards the underside of the major trendline in the 151.00s. Bullish momentum has eased off, however, suggesting bulls could be running out of steam, and although the uptrend is intact there exists an increased risk of a pull back developing. USD/JPY 4-hour Chart A […]
ECB Cuts Rates Again As Growth Concerns Take Over
Image Source: Pexels The European Central Bank’s decision to cut interest rates by 25bp shows that policymakers have grown more concerned about the eurozone’s growth outlook.This is not the panic on the streets of London The Smiths sang about, but rather panic on the streets of Frankfurt or better Ljubljana, as the European Central Bank just announced another rate cut […]
Deere & Co. Stocks Elliott Wave Technical Analysis – Thursday, October 17
DE Elliott Wave Analysis Trading Lounge Daily Chart,Deere & Co., (DE) Daily ChartDE Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: MotivePOSITION: Wave 1 of (1).DIRECTION: Bottom in wave 2 of (1).DETAILS: Looking for a clear three wave move within wave 2 as we seem to have potentially completed the long lasting correction in Intermediate (4). Deere & Co., […]
The Commodities Feed: Oil Holds Steady
Image Source: Pixabay Crude oil is trading flat this morning as the market remains cautious amid the developing situation in the Middle East, although demand concerns remain. Meanwhile, a constructive report by the American Petroleum Institute (API) supports sentiments in the immediate term. Energy – API reports oil inventory drawsNYMEX WTI hovered near $70/bbl while ICE Brent was […]
USD/JPY Forecast: Japanese Yen Remains Under Pressure
The Japanese yen rose to around 149.3 against the US dollar on Thursday, but remained close to an 11-week low as investors reacted to disappointing trade figures. The data showed that Japan’s trade balance swung to a deficit in September as exports unexpectedly fell, while import growth slowed. On the monetary policy front, Bank of […]
AUD/USD Forex Signal: Bears Prevail Ahead Of US Retail Sales Data
Bearish view Sell the AUD/USD pair and set a take-profit at 0.6585. Add a stop-loss at 0.6755. Timeline: 1-2 days. Bullish view Buy the AUD/USD pair and set a take-profit at 0.6750. Add a stop-loss at 0.6585. The AUD/USD pair’s crash continued its downward trend ahead of key US economic data. It retreated to a […]
Are Reports Of Small-Cap Stocks’ Revival Prospects Premature?
The rally in recent days of the Russell 2000 Index, a widely followed benchmark of small-cap shares, has revived hope anew that this slice of the equity market is finally set to recover after a long stretch of underperformance. But we’ve been here before, multiple times in recent years. Is this time different? Maybe, but […]
Elliott Wave Technical Analysis: Titan Company
TITAN COMPANY – TITAN (1D Chart) Elliott Wave Technical AnalysisFunction: Counter Trend (Intermediate Degree, Orange)Mode: CorrectiveStructure: Impulse within larger degree Corrective WavePosition: Minor Wave 2 GreyDetails: The stock might have carved a top around 3920 earlier. Furthermore, an impulse drop is seen to complete just above 3000 mark followed by a corrective rally through 3780-3870. The […]
US Dollar Turns Flat Ahead Of Important ECB Meeting With All Eyes On Lagarde
The US Dollar (USD) adds to gains for a fifth consecutive day when looking at the US Dollar Index (DXY), which can be seen as the benchmark for the Greenback’s performance. China’s Housing Minister said on Thursday that the country will open a 4 trillion Yuan (CNY) funding to support its domestic housing market, a […]
Russell 2000 Breaks To New Highs
The Russell 2000 (IWM) joined the S&P as managed to push to a new closing high (although just shy of a new all-time high). This has been a 3-year journey for the index, and marks an important milestone as part of the secular bull market continuation – which kicked off in 2012 – but started […]
