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Elliott Wave Technical Analysis: Berkshire Hathaway Inc. – Friday, Jan. 17

Elliott Wave Technical Analysis: Berkshire Hathaway Inc. – Friday, Jan. 17

BRK.B Elliott Wave Analysis Trading LoungeBerkshire Hathaway Inc., (BRK-B) Daily ChartBRK-B Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: MotivePOSITION: Wave 1 of (5).DIRECTION: Upside in wave 1.DETAILS: We are looking at a bottom in wave (4) in place as we hit the base of the parallel trend channel and we seem to have reacted from it in quite […]
US Dollar Stabilizes After Fed Waller Alludes To March Rate Cut

US Dollar Stabilizes After Fed Waller Alludes To March Rate Cut

The US Dollar consolidates further at current levels on Friday.  Markets are left clueless after Fed’s Waller comments a March rate cut is still in the cards.  The US Dollar Index (DXY) holds around 109.00 and is looking for direction.  The US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, further […]
Grain And Livestock Markets Retreat, Is The Rally At Risk?

Grain And Livestock Markets Retreat, Is The Rally At Risk?

Image source: Pixabay  Grain and livestock markets started the week with strength but started to show signs of near-term exhaustion in Thursday’s trade. Is the rally at risk of coming to an end?Video Length: 00:05:12More By This Author:Up Next: Friday’s USDA ReportGold/Silver: The Precious Metals On The Final Stretch Of 2024 Key Levels To Watch In […]
Gold Retraces On Friday But Weekly Gains Nearly Secured

Gold Retraces On Friday But Weekly Gains Nearly Secured

Gold price sees a small fade getting underway after its stellar three-day rally.  Fed governor Waller surprised friends and foes by saying a March rate cut should not be ruled out.  Gold tries to consolidate above $2,700 to try and hold on to weekly gains.  Gold’s price (XAU/USD) slightly retraces but holds above the $2,700 […]
China’s GDP Data Beat Expectations Of 5%

China’s GDP Data Beat Expectations Of 5%

Image Source: Pexels  The Dow Jones (US30) Index fell by 0.16% at the end of Thursday. The S&P500 Index (US500) was down 0.21%. The Nasdaq Technology Index (US100) decreased by 0.69%. Weakness in mega-cap technology stocks on Thursday impacted the broader market. Health insurance stocks also declined, hurting the broader market after UnitedHealth Group fell more […]
Gold Prices Slip On Profit Booking But Set For Third-Weekly Gain

Gold Prices Slip On Profit Booking But Set For Third-Weekly Gain

Gold prices fell on Friday as investors resorted to booking profits after the yellow metal had surged to a one-month-high in the previous session. “Gold price (XAU/USD) retains its negative bias through the first half of the European session on Friday, though it lacks follow-through selling and remains close to a one-month peak touched the previous […]
Daily Market Outlook – Friday, Jan. 17

Daily Market Outlook – Friday, Jan. 17

Image Source: Pexels  The dollar strengthened overnight as the MSCI Asia Pacific Index ended its three-day winning streak as investors paid little attention to China’s report of its fastest economic growth in six quarters. Following the announcement, China’s benchmark CSI 300 Index fluctuated but ultimately closed higher in the afternoon session. Stocks in South Korea, India, […]
Truist Financial Corporation Beats Expectations With Strong Q4 Results

Truist Financial Corporation Beats Expectations With Strong Q4 Results

Truist Financial Corporation (TFC) has reported a strong fourth-quarter performance for 2024, with net income available to common shareholders reaching $1.2 billion.Truist Financial Corporation has released its fourth-quarter results for 2024, showcasing a robust performance with net income available to common shareholders reaching $1.2 billion, translating to earnings per share (EPS) of $0.91. This marks a significant […]
Current Report: NL Industries

Current Report: NL Industries

Image Source: Pixabay  NL Industries (NL) operates in the component products industry through its majority-owned subsidiary, CompX International Inc.It manufactures engineered components that are sold to a range of industries, including recreational transportation, postal, office, and institutional furniture, cabinetry, tool storage, healthcare, gas stations, and vending equipment.CompX has three production facilities in the United States, through […]
EUR/USD Trades Cautiously As Focus Shifts To Trump’s Inauguration

EUR/USD Trades Cautiously As Focus Shifts To Trump’s Inauguration

EUR/USD trades with caution in a narrow range near the key level of 1.0300 in Friday’s European session. The major currency pair oscillates inside Thursday’s trading range, with investors focusing on United States (US) President-elect Donald Trump’s inauguration on Monday.Investors await Trump’s announcement of new economic policies for fresh cues about the United States (US) economic outlook and […]