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Stocks: The Correction Has Arrived – What Lies Ahead?

Stocks: The Correction Has Arrived – What Lies Ahead?

Was yesterday’s pullback a sign of a downward reversal, or merely a correction within the uptrend?Stock prices pulled back on Monday, with the S&P 500 index closing 0.61% lower following profit-taking after Friday’s employment data. The market retraced some of its recent gains, closing the daily gap from last Wednesday. This morning, the S&P 500 […]
Canadian Dollar Hits Lowest Level Since April 2020

Canadian Dollar Hits Lowest Level Since April 2020

Image Source: Unsplash  The Dollar is running it back on this Tuesday. The Buck is getting a bit more of a boost into the North American open after NFIB small business optimism spiked in November, coming in well above expectation.Video Length: 00:01:16More By This Author:RBA Holds But More Dovish Than Expected US Dollar Bid Returns After […]
EUR/USD Forex Signal: Inverse Head And Shoulders Pattern Forms

EUR/USD Forex Signal: Inverse Head And Shoulders Pattern Forms

Bullish View Buy the EUR/USD pair and set a take-profit at 1.0670. Add a stop-loss at 1.0500. Timeline: 1-2 days. Bearish View Set a sell-stop at 1.0560 and a take-profit at 1.0500. Add a stop-loss at 1.0670. The EUR/USD exchange rate remained in a tight range ahead of the upcoming European Central Bank (ECB) decision […]
Elliott Wave Technical Analysis – Fortinet Inc. – Tuesday, Dec. 10

Elliott Wave Technical Analysis – Fortinet Inc. – Tuesday, Dec. 10

FTNT Elliott Wave Analysis Trading LoungeFortinet Inc., (FTNT) Daily ChartFTNT Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: MotivePOSITION: Wave (3).DIRECTION: Upside within wave 5 of (5).DETAILS: We are looking for a bottom in wave 4 as we have approached TradingLevel1 a 100$.Fortinet Inc., (FTNT) 1H ChartFTNT Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: MotivePOSITION: Wave {c} of 4.DIRECTION: Bottom in wave {c}.DETAILS: Looking for […]
Ahead Of November CPI, TSM’s Revenue And Oracle’s AI Surge

Ahead Of November CPI, TSM’s Revenue And Oracle’s AI Surge

Photo by Maxence Pira on Unsplash  Equity futures point to a mixed market open later this morning, but odds are we’ll see a subdued trading session as investors wait for what’s revealed in tomorrow’s November Consumer Price Index (CPI) report. Headline CPI is expected to tick up to 2.7% YoY from October’s 2.6% print, while the consensus view […]
The GOP’s 2025 Budget Reconciliation Fight, Go Small Or Big Bang?

The GOP’s 2025 Budget Reconciliation Fight, Go Small Or Big Bang?

Image source: Pixabay  Republicans have two shots at budget reconciliation bills in 2025. What should those bills include?The problem for Republicans is primarily the House, not the Senate.Republicans have a 220-215 edge but Gaetz resigned and two reps have been nominated by Trump for appointments.Until there are special elections for replacement (two in Florida and one […]
AUD/USD Plummets Below 0.6400 As RBA Bullock Delivers Less-Hawkish Guidance

AUD/USD Plummets Below 0.6400 As RBA Bullock Delivers Less-Hawkish Guidance

 Image Source: Unsplash   AUD/USD falls sharply below 0.6400 as the RBA delivers a less-hawkish interest rate guidance. RBA Bullock was confident about easing upside risks to price pressures. Investors await the US inflation and the Australian employment data for November. The AUD/USD pair plunges below the key support of 0.6400 in Tuesday’s European session. The Aussie […]
Dovish Hold Sends The Aussie Lower

Dovish Hold Sends The Aussie Lower

Image Source: Pixabay  Overview: The US dollar is little changed against most of the G10 currencies today. The antipodean currencies are the main exception. A modest change in tone from the Reserve Bank of Australia, boosting the chances of a rate cut early next year sent the Australian dollar back toward yesterday’s lows, and the New Zealand […]
Oil Prices Slip As Syria Tensions Ease, But OPEC+ Cuts Keep Support In Place

Oil Prices Slip As Syria Tensions Ease, But OPEC+ Cuts Keep Support In Place

Oil prices eased on Tuesday as concerns over escalating tensions in Syria subsided. China’s demand for oil may rise as government may adopt a lose monetary policy, which is a first in years. Investors will be focusing on the policy meeting of the US Fed next week as lower rates benefit oil demand. Crude oil […]
Bitcoin Sees First Close Above $100,000, But Is A Big Correction Coming?

Bitcoin Sees First Close Above $100,000, But Is A Big Correction Coming?

Bitcoin (BTC) closed the week above the $100,000 mark for the first time in history, concluding the crypto’s massive week with another milestone. However, a market watcher has warned investors that historical patterns could soon lead the flagship crypto to a big correction.  Bitcoin First Weekly Close Above $100,000Bitcoin hit the $100,000 milestone nearly a […]