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Q4 Earnings Season Kicks Off Strong

Q4 Earnings Season Kicks Off Strong

Image Source: Unsplash We are off to a solid start to the 2024 Q4 earnings season, with the big banks not only coming ahead of estimates but also providing reassuring guidance for the coming quarters. One of the best things that can happen this earnings season will be for management teams to validate the robust and […]
The 5 Most Important Gold Charts In 2025

The 5 Most Important Gold Charts In 2025

Image Source: UnsplashGold’s big breakout was last year. It exploded through resistance at $2,100/oz, out of its super-bullish cup and handle pattern, and touched $2,800/oz.The measured upside target remains $3,000/oz with a logarithmic target of $4,000/oz. The past cup and handle pattern breakouts I studied went from the measured upside target to the logarithmic target in six […]
The Commodities Feed: Crude Continues Its Rally

The Commodities Feed: Crude Continues Its Rally

Image Source: Pixabay Energy – US crude stocks fall  Oil prices continued their move higher yesterday with ICE Brent breaking above US$82/bbl and trading to its highest level since August 2024. This is despite Israel and Hamas appearing to have reached a ceasefire, although the Israeli Prime Minister’s office has said that details still need to […]
Elliott Wave View: Oil Impulsive Rally In Progress

Elliott Wave View: Oil Impulsive Rally In Progress

Photo by Timothy Newman on UnsplashShort Term Elliott Wave view in Light Crude Oil (CL_F) suggests cycle from 12.6.2024 low is in progress as an impulse. Up from 12.6.2024 low, wave ((i)) ended at 71.44. Pullback in wave ((ii)) ended at 68.42 as the 1 hour chart below shows. The instrument extends higher in wave ((iii)) with subdivision of […]
Elliott Wave Technical Analysis: THETA Crypto Price News For Thursday, Jan 16

Elliott Wave Technical Analysis: THETA Crypto Price News For Thursday, Jan 16

Image Source: PexelsElliott Wave Analysis TradingLounge Daily ChartTHETA/ U.S. dollar(THETAUSD)THETAUSD Elliott Wave Technical AnalysisFunction: Follow trendMode: MotiveStructure: ImpulsePosition: Wave 5Direction Next higher Degrees: wave 5 of ImpulseWave Cancel invalid Level:Details: The increase again in Wave 5. THETA/ U.S. dollar(THETAUSD)Trading Strategy:Short-term: Price is expected to continue moving up in wave 3 to test resistance levels near 3.249-3.567. Medium-term: After […]
Australian Dollar Faces Challenges As Unemployment Rate Rises In December

Australian Dollar Faces Challenges As Unemployment Rate Rises In December

Image Source: Unsplash The Australian Dollar depreciates as the Unemployment Rate rises to 4.0% in December. Australia’s Employment increased by 56.3K in December, up from 28.2K in November. The US Dollar weakened after the softer US Consumer Price Index for December was released on Wednesday. The Australian Dollar (AUD) broke its three-day winning streak against the US Dollar (USD) following the […]
Japanese Yen Trims A Part Of Strong Intraday Gains; USD/JPY Bounces Off Multi-Week Low

Japanese Yen Trims A Part Of Strong Intraday Gains; USD/JPY Bounces Off Multi-Week Low

Image Source: Pixabay The Japanese Yen gains positive traction for the second straight day amid BoJ rate hike bets.  The narrowing of the US-Japan yield differential provides an additional boost to the JPY.  The risk-on mood caps the JPY. A modest USD uptick lends support to the USD/JPY pair.  The Japanese Yen (JPY) retains its bullish […]
Markets Rally On Soft CPI, Good Q4 Bank Earnings

Markets Rally On Soft CPI, Good Q4 Bank Earnings

Image Source: UnsplashA strong “relief rally” took the market by storm today, flipping a switch as of tepid Consumer Price Index (CPI) numbers and healthy earnings from some of the biggest Wall Street banks. Investors are now sniffing out at least one more Fed rate cut between now and June; there’s no guarantee that a cut is coming, […]
This Perfect-Pullback Could Make Us A Fortune Tomorrow

This Perfect-Pullback Could Make Us A Fortune Tomorrow

Image Source: Pixabay Wow, what a reversal today!  Everyone’s waiting for a pullback after today’s big move higher…And if we play our cards right, we can sell Bull Traps off the high, and buy the Bear Trap on the pullback!Yes, we’re very bullish right now… but I see (4) four reasons why this Perfect Pullback might give us winners […]
SEC files opening brief in its appeal against Ripple, seeks reversal on XRP classification

SEC files opening brief in its appeal against Ripple, seeks reversal on XRP classification

Key Takeaways The SEC filed a brief appealing a court ruling that found XRP was not a security when sold to retail investors. The SEC seeks to overturn the district court’s ruling and classify all XRP sales as unregistered securities offerings. Share this article The SEC on Wednesday filed an opening brief in its efforts […]