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Market Analysis: Exploring Future Trends With Elliott Wave In Leading Indices

Market Analysis: Exploring Future Trends With Elliott Wave In Leading Indices

Image Source: DepositPhotosStock Market Report S&P 500,  NASDAQ 100,  RUSSELL 2000,  DAX 40,  FTSE 100,  SPY, QQQ, META, AMZN, MSFT, NVDA, ASX 200. Elliott Wave Technical AnalysisElliott Wave Analysis Indices: Meta Platforms should find support in the 400 – 380 area. Amazon dropped less but has the same bearish pattern and these moves move the […]
Meta Takes A Guidance Slide Amidst The Battle Between Yields And Earnings

Meta Takes A Guidance Slide Amidst The Battle Between Yields And Earnings

Image Source: DepositPhotosWednesday saw a back-and-forth session for traders grappling with the challenge of rising US yields amid encouraging earnings reports. However, late-hours trading witnessed a downturn in the S&P 500 as major tech stocks, including Meta Platforms Inc., experienced a sell-off. Meta’s disappointing outlook cast doubt on whether the market’s enthusiasm for artificial intelligence, […]
AUD/JPY Price Analysis: Bulls Steer The Market Towards 101.00, Its Highest Since 2014

AUD/JPY Price Analysis: Bulls Steer The Market Towards 101.00, Its Highest Since 2014

The AUD/JPY market showcases an increasingly bullish trend. The cross stabilized at 100.89 on Wednesday, after rallying to a high at 101.12, its highest since 2014. The general market interest leans towards the buyers as the pair follows an upward trend and surpasses significant levels. However, as the pair gained nearly 1.50% in the last […]
GBP/JPY Cracks Fresh Nine-Year High At 193.60 
                    
 

GBP/JPY Cracks Fresh Nine-Year High At 193.60  

The GBP/JPY broke into a fresh nine-year high above 193.60 on Wednesday as the Pound Sterling (GBP) sees recovery bidding and the Japanese Yen (JPY) continues to weaken despite increasingly interventionist rhetoric from the Bank of Japan (BoJ). According to reporting from Nikkei, the BoJ is set to discuss the “impact of accelerating Yen depreciation”, a […]
The Energy Report: Not Over

The Energy Report: Not Over

Oil prices rebounded yesterday from signs that the geopolitical tension may not have eased as much as previously believed. After the close we saw the American Petroleum Institute (API) report that petroleum supplies came in tighter than the market was expecting. The API reported the crude oil inventories fell by 3.23 million barrels where the […]
Softs Report – Wednesday, April 24

Softs Report – Wednesday, April 24

CottonGeneral Comments: Cotton was mostly lower yesterday although May closed a little higher on short covering before the deliveries start. Demand remains a problem. The export sales report showed poor sales once again. USDA made no changes to the domestic supply or demand sides of the balance sheets, but did cut world ending stocks slightly. […]
Pyth Network boosts Morph DeFi ecosystem with real-time price feeds

Pyth Network boosts Morph DeFi ecosystem with real-time price feeds

Blockchain infrastructure provider Pyth Network announced the implementation of its price feed into Morph testnet. The collaboration introduces over 500 real-time price feeds from Pyth, spanning various asset classes, into Morph’s layer-2 platform. “The partnership between Pyth Network and Morph opens doors for developers to create cutting-edge DeFi applications that leverage reliable data and scalable […]
Will Gold Prices Keep Rising In 2024?

Will Gold Prices Keep Rising In 2024?

Image Source: Pixabay Yesterday the gold price had a bad day, falling by more than 2%. Is this indicative of things to come? We don’t think so. Whilst we may well see some additional pullback, we don’t expect this to be the end of the gold price rally. Currently, gold is stuck between a rock and a […]
Why Follow Junk Bonds?

Why Follow Junk Bonds?

Bonds issued by companies with a credit rating of BB or lower by S&P or Fitch, or Ba or lower by Moody’s, are considered junk bonds.Junk bonds, or high-yield bonds because the interest payments are higher than for the average corporate bond, pay high interest rates to entice investors to take on the greater risk of […]
I’ve Had It With Utilities

I’ve Had It With Utilities

My obsession with the Dow Utilities is starting to wane swiftly. As anyone reading Slope for more than a few days knows, I was mesmerized by the huge diamond pattern in $UTIL. The pattern is still there, and nothing has ruined it, but by GOD this has been an exasperating trade. Perhaps someone as impatient […]