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Archives by Year:
Sensex Today Rallies 526 Points; Angel One Surges 9%
After opening the day on a positive note, Indian share markets gained momentum as the session progressed and ended on firm footing.Indian equity benchmark indices exhibited a positive trend in Wednesday’s intra-day trade backed by strong gains in index heavyweight Reliance Industries and auto stocks.At the closing bell, the BSE Sensex stood higher by 526 points (up […]
Oil Bulls’ Failure And Its Implications
Another attempt, another failure. Is this the end of increases in black gold?Technical Picture of Crude OilLet’s start today’s analysis by quoting the last article on black gold: (…) light crude climbed to an intraday high of $82.48 and approached the lower border of the red gap ($82.53-$82.73) formed on Mar.20. Despite this improvement, the bulls […]
Bitcoin Dips To $70,162 Amid US Dollar Strength
The digital currency landscape saw minimal movement on Wednesday as Bitcoin, the cryptocurrency behemoth, experienced a slight downturn. Trading at $70,162.1, the asset showed resilience, albeit restrained by the formidable strength of the U.S. dollar. Despite a promising climb to $71,000 on Tuesday, the world’s premier cryptocurrency found its progress curtailed. Bitcoin Price Capped by Strong Dollar, […]
USD/JPY Analysis: Strong Move Ahead
There is no change in our technical view, as the overall trend for the USD/JPY currency pair remains bullish As mentioned before, the upward trend for the USD/JPY pair will remain intact. For several consecutive trading sessions, the pair has been moving within tight ranges amid an upward bias, confirming that the pair may be poised for […]
A Detailed Look At Manufacturing
As I wrote on Monday, the big question for this year is whether the recessionary effects of the Fed rate hikes have just been delayed, or whether, because the rate hikes have stopped, so has the headwind they normally produce. Watching manufacturing and construction, especially housing construction, is what I expect to supply the answer.On Monday […]
Elliott Wave Technical Analysis: The Walt Disney Company – Wednesday, March 27
Image Source: Pexels DIS Elliott Wave Analysis Trading Lounge Daily ChartThe Walt Disney Company, (DIS) Daily ChartDIS Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: Motive POSITION: Wave (1).DIRECTION: Upside in wave 5 of (1).DETAILS: After a major bear market that lasted 3 years we have seen support on top of TL1 at 100$. As we are continuing higher we could […]
Australian CPI Falls, Japanese Yen Hits 34-Year Low
The week is relatively light in terms of financial data releases when compared to previous ones, as the Easter holidays will put some markets on hold on Good Friday. The Tokyo CPI report and some GDP data from the US and the UK will likely draw analysts’ attention before going to enjoy the long weekend.On Wednesday morning, the Japanese yen dropped to the lowest level recorded against the US dollar since 1990, […]
S&P 500 Forecast: Seeing Sideways Action
The S&P 500 was a bit choppy early during the trading session on Tuesday as we continue to look to the upside. But I think at this point in time, we may be lacking a real reason to get moving. After all, the major announcement of the week is on Friday, so I think a […]
Bitcoin Breaches $71k As Hong Kong Poised To Approve Spot ETFs
Image Source: Pexels The approval of spot Bitcoin ETFs in Hong Kong is poised to be a game-changer for the cryptocurrency market, potentially serving as a significant catalyst for Bitcoin’s growth and adoption. As the Hong Kong Securities and Futures Commission (SFC) prepares to approve these innovative investment vehicles, the global financial landscape is on the verge of a transformative […]
How The Fed Is Juicing Stocks To Help The Biden Administration
Yesterday, I detailed how the Fed is a political entity… and it leans left.By quick way of review…1) The Bernanke-led Fed launched QE 3 just three months before the 2012 Presidential election. At the time, the economy was growing, unemployment was falling, and there were no signs of systemic duress in the financial system. So […]
