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Brent Crude Stumbles As Market Sentiments Turn Cautious

Brent Crude Stumbles As Market Sentiments Turn Cautious

Brent crude oil prices have continued to slip, touching 71.74 USD a barrel on Tuesday. This marks a downturn influenced by China’s underwhelming stimulus measures. The market’s lack of confidence in China’s rejuvenation efforts, coupled with persistently weak inflation and subdued energy demand within the country, has led to this downturn.Compounding the downward pressure on […]
Two Trades To Watch: GBP/USD, DAX Forecast – Tuesday, Nov. 12

Two Trades To Watch: GBP/USD, DAX Forecast – Tuesday, Nov. 12

Photo by Colin Watts on Unsplash   GBP/USD falls as unemployment rises Unemployment rose to 4.3% from 4% Wage growth eased to 4.8% GBP/USD tests 200 SMA GBP/USD has fallen to a 3-month low amid a stronger U.S. dollar and as UK unemployment rises. Unemployment in the three months to September rose by more than expected to 4.3%, up from […]
The Golden Road To $20,000 And Dow’s Lost Decades Ahead

The Golden Road To $20,000 And Dow’s Lost Decades Ahead

This week, we’ll look at a couple of interesting long term charts of both gold and the Dow to see how technical analysis suggests they MIGHT play out in the decades ahead. While there is a healthy dose of speculative analysis in both charts, my goal this week is to blend creativity and open-mindedness with the […]
Swing Trading Holiday Seasonal Patterns

Swing Trading Holiday Seasonal Patterns

Image Source: Unsplash  The holiday season presents unique opportunities for swing traders who understand the market’s behavior during these low volume periods. Thanksgiving and the Christmas/New Year period in particular exhibit some of the most reliable trading patterns of the year, offering swing traders distinct advantages when properly understood.  Thanksgiving Week Trading PatternsThanksgiving week has historically […]
Daily Market Outlook – Tuesday, Nov. 12

Daily Market Outlook – Tuesday, Nov. 12

Image Source: Unsplash  Asian stocks declined while the dollar remained at four-month highs on Tuesday, but the focus was on bitcoin, which reached a record high driven by investor bets on assets expected to benefit from Donald Trump’s election win. Investors anticipate Trump’s second term will bring tax cuts and looser regulations, boosting the world’s largest […]
Elliott Wave Technical Analysis: U.S. Dollar/Canadian Dollar – Tuesday, Nov. 12

Elliott Wave Technical Analysis: U.S. Dollar/Canadian Dollar – Tuesday, Nov. 12

Photo by Michelle Spollen on Unsplash  U.S. Dollar / Canadian Dollar (USDCAD) Day ChartUSDCAD Elliott Wave Technical Analysis Function: Trend Mode: Impulsive Structure: Navy blue wave 1 Position: Gray wave 3 Direction Next Lower Degrees: Navy blue wave 2 Details: Orange wave 4 of navy blue wave 1 appears completed; now orange wave 5 of navy blue wave 1 is in play. Wave Cancel Invalidation […]
Bitcoin Hits An All-Time High Above $88,000

Bitcoin Hits An All-Time High Above $88,000

Image Source: Unsplash  At the end of Monday, the Dow Jones Index (US30) rose by 0.69%. The S&P 500 Index (US500) gained 0.10%. The Nasdaq Technology Index (US100) was down 0.05%. Stocks traded mixed on Monday, with the S&P 500 and Dow Jones Industrials setting new all-time highs. The broad market continued last week’s post-election gains […]
Exuberance – Investors Have Rarely Been So Optimistic

Exuberance – Investors Have Rarely Been So Optimistic

Investor exuberance has rarely been so optimistic. In a recent post, we discussed investor expectations of returns over the next year, according to the Conference Board’s Sentiment Index. To wit: “Consumer confidence in higher stock prices in the next year remains at the highest since 2018, following the 2017 “Trump” tax cuts.“ (Note: this survey was completed before […]
Gold Forecast: Plunges On Monday Morning

Gold Forecast: Plunges On Monday Morning

During my daily analysis of commodity markets, the gold market has caught my attention as it has seen such a beating. All things being equal, this is a market that I think will continue to pay close attention to the US dollar, and I think we are starting to see a few things shift at […]
Sensex Today Trades Higher; Nifty Above 24,200; Triveni Turbine Jumps 7%

Sensex Today Trades Higher; Nifty Above 24,200; Triveni Turbine Jumps 7%

Asia’s benchmark equity index crept higher early Tuesday after US stocks rose for a fifth session. Bloomberg’s dollar index held near a one-year high as traders bet the currency will benefit from President-elect Donald Trump’s agenda.US stock indices surged to record high on Monday, following last week’s rally as optimism on proposed tax cuts and […]