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GBP/USD Strengthens Above 1.2550 Ahead Of US PCE Inflation Data

GBP/USD Strengthens Above 1.2550 Ahead Of US PCE Inflation Data

Photo by Colin Watts on Unsplash GBP/USD gains traction to around 1.2570 in Wednesday’s early European session.  FOMC Minutes indicated a cautious approach to further rate cuts.   BoE’s Lombardelli said she needs to see more evidence before the next rate cut. The GBP/USD pair trades on a stronger note near 1.2570 on Wednesday during the early European […]
Chinese Central Bank Just Secretly Bought 60 Tonnes Of Gold

Chinese Central Bank Just Secretly Bought 60 Tonnes Of Gold

Image Source: PixabayThe People’s Bank of China (PBoC) is covertly buying very large amounts of gold, adding upward pressure to a tense gold market.An explosive cocktail of Western institutional investors and central banks in the East buying gold this year is making the gold price rise sharply. Interest rate cuts and geopolitical strain will sustain this bull market.  […]
Elliott Wave Technical Analysis: Bitcoin Crypto Price News For Wednesday, Nov 27

Elliott Wave Technical Analysis: Bitcoin Crypto Price News For Wednesday, Nov 27

Image Source: UnsplashElliott Wave Analysis TradingLounge Daily ChartBitcoin/ U.S. dollar(BTCUSD)BTCUSD Elliott Wave Technical AnalysisFunction: Follow TrendMode: MotiveStructure: Impulseposition: Wave VDirection Next higher Degrees: wave (I)Wave Cancel invalid level:Details: The five-wave rise of wave V is likely equivalent to wave I.Bitcoin/ U.S. dollar(BTCUSD)Trading Strategy: Bitcoin remains in an uptrend, with an impulsive rally. We are now in the fifth wave, which […]
Markets Mostly Up; Big Afternoon For Earnings

Markets Mostly Up; Big Afternoon For Earnings

Image Source: UnsplashMarkets needed to fight off some early morning doldrums, closing in the green for three of the four major indexes today. The Dow and the S&P 500 both registered new all-time closes today, +0.28% and +0.57%, respectively. The Nasdaq grew by +0.63% while the small-cap Russell 2000 slid -0.73% on the session.We saw Case-Shiller home […]
Asia Morning Bites For Wednesday, Nov 27

Asia Morning Bites For Wednesday, Nov 27

Image Source: Unsplash Global Macro and Markets   Global Markets: Monday’s dramatic rally in bond prices saw a mild reversion on Tuesday. 10Y yields were up 2bp to 4.30% while yields on the 2 year UST were down 1bp to 4.256%.  This still leaves yields well off the highs seen in previous weeks. And we continue to […]
Nasdaq 100 & S&P 500 Elliott Wave Update – Tuesday, Nov 26

Nasdaq 100 & S&P 500 Elliott Wave Update – Tuesday, Nov 26

Image Source: PexelsOn an Elliott Wave basis, the ES and NQ continue to present a mixed picture as to what is “the plan” for the balance of the year. I presented several scenarios both preferred and alternates. The internal moves in both markets are coming across as series of 3 wave patterns, which continues to suggest […]
This 2-Leg Pullback Could Be Easy Money Before Thanksgiving

This 2-Leg Pullback Could Be Easy Money Before Thanksgiving

Image Source: Pexels These charts look fantastic tonight!  Emini made a big move higher, and Nasdaq is sideways in a range…Big Moves and Ranges are (2) of my favorite types of markets, and this 2-Leg Pullback might be the easiest winner all week!Markets are closed on Thursday, so I expect volatility to increase tomorrow…That’s good news […]
As The Market Churns

As The Market Churns

Image Source: UnsplashStocks managed to grind their way higher on the day, while rates and the dollar rebounded from yesterday’s declines. The price action in the stock market has been strange, and I can only attribute that to some internal rotation. Yesterday, small caps and the S&P 500’s equal weight were strong. Today, these parts of […]
Financial Markets Report For Tuesday, Nov 26

Financial Markets Report For Tuesday, Nov 26

Image Source: PixabayIn this video, Ira Epstein reviews the activity in the Financial Markets after the day that just ended, Tuesday, November 26.Video Length: 00:15:29More By This Author:Metal Markets Report For Monday, Nov 25Financial Markets Report For Monday, Nov 25Financial Markets Report For Friday, Nov 22
Top Analyst Reports For Apple, Meta And Procter & Gamble

Top Analyst Reports For Apple, Meta And Procter & Gamble

Image Source: PexelsThe Zacks Research Daily presents the best research output of our analyst team. Today’s Research Daily features new research reports on 16 major stocks, including Apple Inc. (AAPL), Meta Platforms, Inc. (META), and The Procter & Gamble Company (PG), as well as a micro-cap stock, Genie Energy Ltd. (GNE). These research reports have been […]