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Elliott Wave Technical Analysis: Visa Inc. – Friday, Jan. 10

Elliott Wave Technical Analysis: Visa Inc. – Friday, Jan. 10

V Elliott Wave Analysis Trading LoungeVisa Inc., (V) Daily ChartV Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: MotivePOSITION: Wave {ii} of 5.DIRECTION: Upside in wave 5.DETAILS: Looking for upside into what appears to be the last leg of Intermediate wave (1). As we keep trading above 300$ we could expect further upside towards Medium Level at 400$.Visa Inc., […]
Energy Markets Diverge: Crude And Heating Fuels Advance On Cold Weather And Supply Constraints

Energy Markets Diverge: Crude And Heating Fuels Advance On Cold Weather And Supply Constraints

Energy markets continue to exhibit mixed signals across the supply-demand spectrum. On the supply side, persistent declines in U.S. crude inventories and reduced Russian seaborne exports have helped support WTI prices. Simultaneously, colder-than-normal winter conditions across the Northern Hemisphere point to higher consumption for heating fuels, nudging both crude and heating oil futures upward. In […]
US Dollar Falls Flat Ahead Of December US Employment Report

US Dollar Falls Flat Ahead Of December US Employment Report

The US Dollar goes nowhere and trades flat against most major peers. Inflation concerns are being put aside while traders focus on the upcoming Employment Report.  The US Dollar Index (DXY) steadies around 109.00 and is set for some volatility later this Friday.  The US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, […]
Credit Just Plunged, Here’s What It Means For The Economy

Credit Just Plunged, Here’s What It Means For The Economy

Image source: Pixabay  Credit card balances crashed in November, according to the latest data from the Federal Reserve. That’s a major warning but not about spending. With such a negative signal instead relating to jobs and the labor market, why the hell are LT rates…rising? The answer to the question can be found in Canada and […]
Investor Resolutions For 2025

Investor Resolutions For 2025

I publish an updated version of my New Year “investor” resolutions yearly. The purpose of the process is to take an annual inventory of what I did and did not do over the last year to improve my portfolio management practices. As with all resolutions made at the beginning of a new year, it is not uncommon […]
Today’s US Employment Report Among The Least Important In The Cycle

Today’s US Employment Report Among The Least Important In The Cycle

Image Source: Pexels  Overview:  The US dollar is consolidating in a mixed fashion today ahead of the employment report. Given the numerous comments from Fed officials in recent days, it is clear that the bar to a rate cut this month is very high. Next month’s report will contain the annual benchmark revisions. Sterling, which has […]
Delta Air Lines Projects EPS To Be $7.35+ For 2025, Reports Record December Quarter

Delta Air Lines Projects EPS To Be $7.35+ For 2025, Reports Record December Quarter

Image Source: Unsplash  Delta Air Lines (NYSE: DAL) has announced its financial results for the December quarter and full year 2024, revealing a record performance. The company’s operating revenue reached $15.6 billion for the quarter, with an operating income of $1.7 billion, marking an 11% operating margin. Notably, Delta achieved a pre-tax income of $1.2 billion, translating to […]
The Commodities Feed: European Gas Weaker

The Commodities Feed: European Gas Weaker

Image Source: Pixabay  European natural gas prices continue to come under pressure, with TTF down more than 9% so far this week.  Energy – Oil supported, gas weakerOil prices remain well supported with ICE Brent settling 1% higher yesterday. Sentiment remains positive on the back of colder weather across parts of the Northern Hemisphere, which is […]
New Zealand Dollar Near Two-Year Low: USD And China Are ‘To Blame’

New Zealand Dollar Near Two-Year Low: USD And China Are ‘To Blame’

Image Source: Unsplash  The NZD/USD pair has fallen to 0.5590 as of Friday, marking a two-year low driven by a strong US dollar and concerns over China’s economic performance. The decline in the New Zealand dollar comes ahead of the release of the US jobs report for December, a critical data point that will shape market […]
The RBA May Start Cutting Rates In February

The RBA May Start Cutting Rates In February

Image Source: Pexels  The US stock market did not trade yesterday.Today, important data on the labor market, namely the report on Non-Farm payrolls, will be published in the US. This indicator is taken into account by the Fed when adjusting monetary policy. Economists expect the economy to add 154,000 jobs in December after a strong November […]