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S&P 500 Retreats As Wall Street Bear Takes Away Expected Future Rate Cuts

S&P 500 Retreats As Wall Street Bear Takes Away Expected Future Rate Cuts

It’s a strange time for the stock market. It’s almost like one of Aesop’s fables or a fairy tale, except featuring Wall Street’s bulls and bears, in which something the bear has done has affected the trajectory of stock prices.The S&P 500 (Index: SPX) pulled back as the prospect of faster rate cuts dimmed during the […]
Crude Oil Surges After OPEC Confirms Delay Of Supply Restart

Crude Oil Surges After OPEC Confirms Delay Of Supply Restart

Crude Oil opens a gap on Monday, surging above $71.00 in European trading hours.  The sharp move comes after OPEC+ has agreed to delay its 180,000 barrels production increase to December.  The US Dollar Index is looking for support after polls show slight favor for Harris to win.  Crude Oil price sprints higher on Monday […]
Elliott Wave Technical Analysis: Mastercard Inc.

Elliott Wave Technical Analysis: Mastercard Inc.

MA Elliott Wave Analysis Trading LoungeMastercard Inc., (MA) Daily ChartMA Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: MotivePOSITION: Minor wave 2DIRECTION: Upside in 3 of (3).DETAILS: If the count is correct, we should expect a shallow 2, such as the one we potentially have right now, and continuation higher in what would be a third of a third which is […]
Weekly Market Report – Market Shift: Nvidia, USDJPY Recovery, And Gold’s Safe-Haven Appeal

Weekly Market Report – Market Shift: Nvidia, USDJPY Recovery, And Gold’s Safe-Haven Appeal

Nvidia Reflecting the AI boom and Nvidia’s market dominance, Nvidia is set to replace Intel in the Dow Jones Industrial Average on November 8. Nvidia’s shares have skyrocketed over 170% this year, while Intel has faced declining market share and manufacturing challenges. Dow Jones reshuffle highlights tech shift with Nvidia joining Apple and other trillion-dollar […]
Brent Crude Rises As OPEC+ Delays Production Increase

Brent Crude Rises As OPEC+ Delays Production Increase

Photo by Timothy Newman on Unsplash  Brent crude oil prices climbed above 74 USD per barrel following OPEC+’s announcement to delay its production increase originally scheduled for December. This decision marks the second postponement by OPEC+ amid persistent global economic challenges and aims to avoid potential market oversupply.Demand prospects remain subdued with Europe’s slow economic recovery and Asia’s […]
In Switzerland, There Is A Further Decline In Inflation

In Switzerland, There Is A Further Decline In Inflation

Image Source: Pexels  On Friday, the Dow Jones (US30) rose 0.69% (for the week -0.50%). The S&P 500 Index (US500) gained 0.41% (for the week -1.80%). The Nasdaq Technology Index (US100) closed positive 0.72% (for the week -2.06%). Stocks in the US closed sharply higher on Friday, starting November with gains as strong earnings from Amazon […]
AUD/USD Forex Signal: Bearish Outlook Ahead Of RBA Decision

AUD/USD Forex Signal: Bearish Outlook Ahead Of RBA Decision

Bearish View Sell the AUD/USD pair and set a take-profit at 0.6500. Add a stop-loss at 0.6625. Timeline: 1-2 days  Bullish View Set a buy-stop at 0.6565 and a take-profit at 0.6650. Add a stop-loss at 0.6500.  The AUD/USD exchange rate continued its downward trend as investors focused on the upcoming Federal Reserve and Reserve […]
If Tech Bulls Do Not Stop Them In Time, Bears Have Chance Of Double-Top On Nasdaq 100

If Tech Bulls Do Not Stop Them In Time, Bears Have Chance Of Double-Top On Nasdaq 100

After seven consecutive up weeks, the Nasdaq 100 went negative last week. Bulls came so close but were denied a new high. This is occurring even as breadth is in divergence with the index.Tech bears last week finally achieved what they were unable to pull off for seven consecutive weeks. For the first time in […]
GBP/USD Forecast: Continues To Recover

GBP/USD Forecast: Continues To Recover

The British pound has been fairly strong during the trading session on Friday as the jobs number in the United States came out as adding just 12,000 jobs last month. That being said, you can only read so much into it mainly due to the fact that a lot of the numbers were skewed by […]
Risk Of The German Government Collapsing Appears Higher Than Ever

Risk Of The German Government Collapsing Appears Higher Than Ever

Image source: Pixabay  While all eyes are on the US elections this week, German politics seem to have become a train crash in slow motion. The German government has just entered a new stage of a slow burning political crisis that could be the last step before the eventual collapse of the governing coalition.In January, according to […]