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Archives by Year:
Gold XAUUSD Commodity Elliott Wave Technical Analysis
Gold Elliott Wave Analysis Function – Trend Mode – Impulse Structure – Impulse wave Position -Wave 4 Direction – Wave 5 Details – Wave 4 has reached the extreme area and bounced off the 2300 MG1. We will expect wave 5 to progress higher. However, it’s still in the early stages. Invalidation below 2245.17.Gold has undergone a […]
Analytical Overview Of The Main Currency Pairs – Wednesday, April 24
The EUR/USD currency pairTechnical indicators of the currency pair: Prev Open: 1.0652 Prev Close: 1.0700 % chg. over the last day: +0.45% The latest survey showed that business activity in the Eurozone grew by the most in almost a year in April, with Germany returning to growth after nine months of contraction. This allowed the euro to take […]
FX Daily: Survey Divergence Hits The Dollar
The dollar is trading weaker on the back of the US-Europe PMI divergence. We’d be cautious about jumping into a bearish narrative on the back of soft activity surveys, as hard data (GDP and PCE are due this week) has generally helped the dollar of late. In Australia, higher-than-expected inflation has prompted a hawkish repricing and an AUD […]
Overconfidence In NFL Drafts: A Lesson For Investors
Most NFL general managers (GMs) are optimistic and displaying overconfidence today as they prepare for tomorrow’s NFL draft. The draft is a once-a-year opportunity for GMs to acquire talent. Pixabay Like investors, GMs often think they are smarter than their competitors, aka the market. Yet, they frequently have similar mindsets and follow the same narratives that drive […]
US Market Commentary – Wednesday, April 24
US PMIs Miss… AgainThe US Dollar was seen softening yesterday on the back of a weaker-than-forecast set of PMI readings for last month. The March manufacturing PMI was seen falling to 49.9 from 51.9 prior, well below the 52 expected. The dip back into contractionary territory is a disappointing move, marking the second consecutive month […]
Johnson & Johnson Stocks Elliott Wave Technical Analysis
JNJ Elliott Wave Analysis Trading Lounge Daily ChartJohnson & Johnson, (JNJ) Daily ChartJNJ Elliott Wave Technical AnalysisFUNCTION: Counter TrendMODE: CorrectiveSTRUCTURE: ComplexPOSITION: Intermediate (2).DIRECTION: Downside in wave Z. DETAILS: Looking for support as we touched 0.618 Z vs. X. If we find resistance on Medium Level at 150 then we can expected further downside. JNJ Elliott Wave Analysis […]
Tesla Stock Up 10% As Musk Promises Cheaper EVs And Robots
Tesla’s (TSLA) stock price soared over 10% in premarket trading, driven by CEO Elon Musk’s promises at the earnings call. Pixabay Tesla’s stock price soared by over 10% in premarket trading today, reaching $161.13 per share at the time of writing, despite the company’s recent challenges. The electric vehicle manufacturer had experienced a 42% decline in its stock value for […]
Momentum Swinging Back To Risk Assets
Image Source: DepositPhotosAs the week got going, we talked about the possibility that a lot of the Dollar bullishness and equity market bearishness may have been priced to the max, leaving room for a healthy reversal of flow. And indeed, this is how things have been playing out.Video Length: 00:01:12 More By This Author:Has Most Of […]
The Commodities Feed: Oil Risk Premium Eases
Crude oil traded little changed this morning as geopolitical risks continue to ease. Meanwhile, a constructive API report failed to lift sentiment. Pixabay Energy – Bullish API report fails to lift sentimentSentiment in the oil market remains soft, with prices for both ICE Brent and NYMEX WTI trading flat in the early trading session today. The reduced […]
Tesla To Take On Uber Now? Elon Musk’s Ev Giant Teases With Autonomous Ride-Hailing
Tesla, the leading American electric vehicle manufacturer, recently teased a new development during their Q1 Earnings Call that may soon allow your car to autonomously pick you up or earn money on its own.Here’s a detailed look at what Tesla’s future in autonomous driving technology holds. Tesla’s robo taxiTesla’s upcoming robo taxi service aims to modernize the taxi-hailing experience by […]
