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Elliott Wave Technical Analysis – JPMorgan & Chase Co.

Elliott Wave Technical Analysis – JPMorgan & Chase Co.

JP Morgan & Chase Co., (JPM) Daily ChartJPM Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: MotivePOSITION: Minor wave 5.DIRECTION: Upside in 5 of (5).DETAILS: Looking at further upside within Minor wave 5 as we are trading above TradingLevel2 at 200$ and the next TL stands at 300$.JP Morgan & Chase Co., (JPM) 1H ChartJPM Elliott Wave Technical […]
This Week: Nvidia Earnings Is Set To Move The Markets!?

This Week: Nvidia Earnings Is Set To Move The Markets!?

Nvidia earnings report on Nov 20th Shares may move 8.8% up or down Hopper GPUs to deliver strong revenue Blackwell GPUs to power future growth Robust outlook could set new records Even though the US presidential election is fading into the rearview mirror, it doesn’t mean markets will be starved for action over the coming week.Despite a relatively light macroeconomic […]
US Dollar Flat As Geopolitical Takes Centre Stage

US Dollar Flat As Geopolitical Takes Centre Stage

The Greenback steadies and trades sideways on Monday after a soft start in Asia.  All eyes shift back to geopolitics, with the Biden Administration delivering the green light for Ukraine to use long-range US missiles for targets in Russia.  The US Dollar index holds ground above 106.50 while looking for direction.  The US Dollar (USD) […]
Gold Price Analysis Today: Hinges On US Dollar Gains

Gold Price Analysis Today: Hinges On US Dollar Gains

At the beginning of this week, the gold price is attempting to rebound to recoup its sharp losses from last week, which reached a support level of $2536 per ounce. This is the lowest for the gold price index in two months. Furthermore, today’s rebound gains reached a resistance level of $2597 per ounce before […]
What’s Already Priced In

What’s Already Priced In

Image Source: Unsplash  As per our opening call, it will be interesting to see how things play out in the world of FX this week. The fact that the market has now taken a good amount of time to digest the Trump victory in the US election could mean that we have already seen most of […]
Oil Is Growing Amid Escalation In Eastern Europe

Oil Is Growing Amid Escalation In Eastern Europe

Image Source: Unsplash  At the end of Friday, the Dow Jones (US30) fell by 0.70% (-1.39% for the week). The S&P 500 Index (US500) was down 1.23% (for the week -2.30%). The Nasdaq Technology Index (US100) was down 2.40% (-3.67% for the week). Wall Street saw a sharp decline on Friday as investors evaluated Fed Chair […]
Nvidia’s New AI Chips Reported To Have Overheating Issues, Stock Dips

Nvidia’s New AI Chips Reported To Have Overheating Issues, Stock Dips

Image Source: Unsplash  Nvidia Corporation (Nasdaq: NVDA) is reportedly grappling with technical challenges related to its latest Blackwell AI chips. These chips, which are essential components for advanced data processing, have been reported to overheat when installed in server racks designed to accommodate up to 72 units.This overheating issue has emerged as a significant concern for Nvidia, which had […]
Slower Growth Expected For The US Economy In Q4

Slower Growth Expected For The US Economy In Q4

Fourth-quarter economic output for the US looks set for another downshift, based on CapitalSpectator.com’s initial GDP nowcast. The estimate reflects the median for a set of nowcasts published by several sources.Real (inflation-adjusted) growth is projected to increase 2.0% in Q4 for the annualized comparison, down from Q3’s 2.8% advance. The Q4 nowcast is a respectable pace, but […]
Fragile And Consolidative Tone Starts The Week In FX

Fragile And Consolidative Tone Starts The Week In FX

Image Source: Pexels  Overview: The US dollar has begun the new week consolidating in a mixed fashion against the G10 currencies. Bank of Japan Governor Ueda remains circumspect and did not provide guidance about next month’s central bank meeting. Without positive guidance, the market sold the yen, but the swaps market shows about 13 bp of tightening […]
Nasdaq Futures Rise Ahead Of Key Earnings As Fed Signals Fewer Rate Cuts

Nasdaq Futures Rise Ahead Of Key Earnings As Fed Signals Fewer Rate Cuts

Nasdaq 100 futures gained as markets await Nvidia’s earnings, with significant attention on updates regarding demand for its Blackwell AI chips. Nvidia’s performance will likely serve as a bellwether for the AI-driven growth narrative. Additionally, earnings from Walmart, Lowe’s, Palo Alto Networks, Target, and Intuit this week will provide critical insights into consumer spending trends, […]