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Daily Market Outlook – Wednesday, Nov. 27

Daily Market Outlook – Wednesday, Nov. 27

Image Source: Pixabay  Asian stock markets displayed a mixed performance on Wednesday, mirroring the generally optimistic signals from Wall Street overnight. Investors are exercising caution in anticipation of a key U.S. inflation report, the upcoming Thanksgiving holiday in the U.S., and the ongoing uncertainty regarding Trump’s tariff proposals. The announcement of a U.S.-brokered ceasefire agreement between […]
CAD/CHF Forecast: Loonie Gains Vs. Franc

CAD/CHF Forecast: Loonie Gains Vs. Franc

As we hang around the 0.63 level, we also are sitting just above the crucial 50-day EMA. The market will, more likely than not, continue to pay close attention to the 50-day EMA, as it is crucial for our technical analysis. It’s probably worth noting that the actual resistance barrier from the previous consolidation area […]
EUR/USD Steady Ahead Of Major US Data Releases

EUR/USD Steady Ahead Of Major US Data Releases

Image Source: Pexels  EUR/USD remains stable at around 1.0483 as markets digest the implications of the latest FOMC minutes. The Federal Reserve signalled a potential pause in rate cuts if inflation reaccelerates but also indicated readiness to continue easing if economic indicators weaken.Today promises heightened activity for EUR/USD due to a slew of US economic data […]
Simple Strategy That Works In This Bull Market

Simple Strategy That Works In This Bull Market

Image Source: Unsplash  Watch the video from the WLGC session before the market opens on 26 Nov 2024 to find out the following: How can supply absorption be spotted during a market pullback? The textbook style setup every trader can easily apply. The buy-on-dip analogues in the past that traders could use as benchmarks in the current market environment. […]
Leverage And Speculation: Signs Of A Raging Bull Market

Leverage And Speculation: Signs Of A Raging Bull Market

In a recent Commentary- MicroStrategy Is A Leveraged ETF In Disguise – we discussed the company’s business model, which revolves almost entirely around highly speculative bitcoin and leverage. To wit:So, what is MicroStrategy? It’s a leveraged Bitcoin fund disguised as a non-profit technology company.Regarding leverage and speculation, we also recently discussed the surging use of options, particularly […]
Elliott Wave Technical Analysis – TASI Index

Elliott Wave Technical Analysis – TASI Index

TASI Index Elliott Wave Analysis Trading Lounge Day ChartTASI Index – Day ChartTASI Index Elliott Wave Technical Analysis Function: Counter Trend Mode: Corrective Structure: Gray Wave 2 Position: Orange Wave 3 Direction (Next Higher Degree): Gray Wave 3 Details: Gray wave 1 is completed, and gray wave 2 remains active, appearing to near its conclusion. Wave Cancel Invalidation Level: 11324.751 Analysis Summary:This analysis evaluates […]
Google Antitrust Fallout: Should GOOGL Holders Be Worried?

Google Antitrust Fallout: Should GOOGL Holders Be Worried?

Image Source: Pixabay  In August, federal judge Amit P. Mehta for the District of Columbia determined that Alphabet’s (Nasdaq: GOOG) Google abused its “default distribution” status. The fact that Google comes preloaded on nearly all devices as a default search engine enabled the company to leverage the number of users and their data into ad revenue.The 286-page […]
Gold Bull Market: Buy Mines Now?

Gold Bull Market: Buy Mines Now?

Gold has gained 50% in the past two years, although this is scarcely noticed by some investors. This year it was one of the best asset classes.You may be wondering therefore how gold producers and precious metal miners fared in this favorable environment.The answer: not so well, so far. Over the course of two years, […]
Forex Today: Australian Inflation Unexpectedly Holds Steady At 2.1%

Forex Today: Australian Inflation Unexpectedly Holds Steady At 2.1%

Image source: Pixabay  Australian CPI (inflation) data was expected to show a rise to 2.5%, but unexpectedly held steady at 2.1%. Australian CPI (inflation) data released a few hours ago showed an unexpectedly low rate of inflation, holding steady at an annualized rate of 2.1% over the past month, when it had been expected to rise […]
Gold Prices Rise On Tariff Jitters; Upside Momentum May Remain Limited

Gold Prices Rise On Tariff Jitters; Upside Momentum May Remain Limited

 Image Source: Unsplash   Gold prices rose on Wednesday as investors fear that Trump’s tariff increases could result in trade war. Easing tensions in the Middle East after a ceasefire between Israel and Hezbollah dampened gold’s appeal. The next barrier for gold prices on COMEX remains around $2,700 per ounce as market waits for US PCE […]