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S&P 500 Weekly Action Areas & Price Objectives – Monday, Dec. 2

S&P 500 Weekly Action Areas & Price Objectives – Monday, Dec. 2

Image Source: Unsplash  In this update, we review the recent price action in the emini SP500 futures contract and identify high probability action areas and price objectives for the trading week ahead.Video Length: 00:08:51More By This Author:Daily Market Outlook – Monday, Dec. 2Daily Market Outlook – Friday, Nov. 29Daily Market Outlook – Thursday, Nov. 28
3 MFS Mutual Funds For Excellent Returns

3 MFS Mutual Funds For Excellent Returns

Image Source: Unsplash  Renowned global asset manager MFS provides an array of financial products and services to fulfill the needs of its investors, as well as 10,000 investment professionals. Based on assets raised in the country or region, the company managed assets worth more than $626.4 billion as of Oct. 31, 2024.It has more than 2,000 […]
AUD/USD Price Forecast: Gaps Open And Falls Towards Floor Of Range

AUD/USD Price Forecast: Gaps Open And Falls Towards Floor Of Range

AUD/USD gaps open on Monday and declines.  The pair is in a sideways range and will probably continue oscillating.  Gaps have a habit of getting filled, suggesting an up leg will eventually develop within the range.  AUD/USD is falling within a range encompassed by the green (ceiling) and red (floor) dashed lines on the chart […]
US Dollar Stretches Higher After Trump Tariff Threatens BRICS, French Political Turmoil Ahead

US Dollar Stretches Higher After Trump Tariff Threatens BRICS, French Political Turmoil Ahead

The US Dollar has kicked off this week on the front foot after Donald Trump slapped BRICS with tariff. Focus shifts to Paris where this Monday, during European trading hours, French parliament is set to convene ahead of a vote for no-cofidence.  The US Dollar Index spikes back above 106.00, though it faces a key […]
The Beginning Of The End

The Beginning Of The End

Global equities kicked off December positively as most Asian equity benchmarks finished the first trading day of the month with gains of between 0.5% and 1.0%. In China, the 10-year yield fell to a record low just below 2% after the country’s services PMI came in weaker than expected at 50.0 even as the Manufacturing […]
EUR/USD Analysis: Faces Downward Pressure

EUR/USD Analysis: Faces Downward Pressure

At the beginning of this week, the US dollar regained its recent losses following Trump’s recent harsh threats and ahead of the start of trading for those who abandon the US dollar. As a result, the EUR/USD currency pair is stabilizing on a downward trend around the support level of 1.0515 after closing last week’s […]
Ethereum Bulls Charge Ahead: $4K Within Grasp

Ethereum Bulls Charge Ahead: $4K Within Grasp

Ethereum price is moving higher above the $3,600 zone. ETH is showing bullish signs and might soon aim for a move above the $3,800 resistance zone. Ethereum started a decent increase from the $3,550 zone. The price is trading above $3,550 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming […]
MicroStrategy acquires another 15,400 Bitcoin, boosts total holdings to $38 billion

MicroStrategy acquires another 15,400 Bitcoin, boosts total holdings to $38 billion

Key Takeaways MicroStrategy spent another $1.5 billion acquiring 15,400 BTC, according to a Monday announcement. MicroStrategy’s total Bitcoin holdings now stand at 402,100 BTC, valued at approximately $38 billion. Share this article MicroStrategy, the largest corporate holder of Bitcoin, said Monday it had purchased another 15,400 Bitcoin worth $1.5 billion at an average price of […]
Elliott Wave Technical Analysis – JPMorgan & Chase Co. – Monday, Dec. 2

Elliott Wave Technical Analysis – JPMorgan & Chase Co. – Monday, Dec. 2

JPM Elliott Wave Analysis Trading LoungeJP Morgan & Chase Co., (JPM) Daily ChartJPM Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: MotivePOSITION: Minor wave 5.DIRECTION: Upside in 3 of (5).DETAILS: Looking for upside into wave 5. The conservative view suggests we could have a top in place in wave 5 at 250$. It’s possible we will see an extension in wave […]
Stock Futures Lower After S&P 500 Futures Ticked Down 0.18%

Stock Futures Lower After S&P 500 Futures Ticked Down 0.18%

Stock futures are trading slightly lower Monday morning as investors gear up for the final month of 2024. S&P 500 futures slipped 0.18%, alongside declines in Dow Jones Industrial Average futures and Nasdaq 100 futures, which dropped 0.13% and 0.17%, respectively. The market’s focus is shifting to upcoming economic data, particularly reports on manufacturing and […]