Archives by Month:

Archives by Year:

Elliott Wave Technical Analysis: NEO Crypto Price News For Wednesday, Jan 8

Elliott Wave Technical Analysis: NEO Crypto Price News For Wednesday, Jan 8

Image Source: PixabayElliott Wave Analysis TradingLounge Daily ChartNEO/ U.S. dollar(NEOUSD)NEOUSD Elliott Wave Technical AnalysisFunction: Counter TrendMode: CorrectiveStructure: ZigzagPosition: Wave ((C))Direction Next higher Degrees: Wave (2) of ImpulseWave Cancel invalid Level:Details: the corrective of Wave (2) trend to test 12.366 Level.NEO/ U.S. dollar(NEOUSD)Trading Strategy: The corrective wave (2) is forming a Zigzag pattern. We are now in the final […]
Gold Price Remains Confined In A Range Amid Mixed Cues; FOMC Minutes In Focus

Gold Price Remains Confined In A Range Amid Mixed Cues; FOMC Minutes In Focus

Image Source: Pixabay Gold price struggles to attract buyers amid the Fed’s hawkish stance and elevated US bond yields. Trade war fears and geopolitical risks lend support to the XAU/USD amid a modest USD downtick. Investors look to the US macro data and FOMC meeting Minutes for some meaningful impetus. Gold price (XAU/USD) oscillates in a […]
Asian Stocks Jittery Over Uncertain Rate Outlook: Hang Seng Slips Over 1%

Asian Stocks Jittery Over Uncertain Rate Outlook: Hang Seng Slips Over 1%

Image Source: Pixabay Asian stock markets exhibited a mixed performance on Wednesday. Sentiments were dampened as strong US economic data clouded the outlook for rate cuts in 2025. In China, the CSI 300 fell 0.8% as the yuan weakened to its lowest level since September 2023. Asian stock markets exhibited a mixed performance on Wednesday, as […]
Elliott Wave View: Nasdaq Looking For Further Correction Lower

Elliott Wave View: Nasdaq Looking For Further Correction Lower

Image Source: PixabayShort Term Elliott Wave view in Nasdaq (NQ) suggests rally to 22454.7 ended wave ((3)). Pullback in wave ((4)) is now in progress as a zigzag Elliott Wave structure. Down from wave ((3)), wave 1 ended at 22206 and rally in wave 2 ended at 22387.75. The Index resumed lower in wave 3 towards 21311 […]
Strong U.S. Economic Data Dramatically Reduces Chances Of Fed Rate Cuts

Strong U.S. Economic Data Dramatically Reduces Chances Of Fed Rate Cuts

 Image Source: PexelsTuesday’s opening bell on Wall Street was accompanied by a series of robust economic reports from the United States. While these figures paint a picture of economic strength, they’ve dealt a significant blow to expectations of Federal Reserve rate cuts, leading to a continued slide in all three major U.S. stock indices.The Job Openings […]
This 2-Leg Pullback Could Make Us A Fortune Tomorrow

This 2-Leg Pullback Could Make Us A Fortune Tomorrow

Image Source: Unsplash Well done today… let’s keep it going!  Markets made a big move lower this afternoon, telling us to look for 2 specific setups tomorrow morning…Setup #1 is the easiest, but let’s hope for Setup #2 because it usually earns a lot more profit!We got the reversal we spoke about last night, well done!Now […]
Sentiment Extremes

Sentiment Extremes

Image Source: PixabayWe get the impression that some major sentiment extremes are close. In particular, we appear to be at/near peak optimism about the US stock market and the US dollar, peak pessimism about the US T-Bond market, and peaks in the expected effects of Trump’s policies on US economic growth and inflation. These sentiment extremes […]
Why Deflation Is Good For The Economy

Why Deflation Is Good For The Economy

The yearly growth rate of the consumer price index (CPI) stood at 2.7 percent in November, against 2.6 percent in October. In June 2022, the yearly growth rate was 9.1 percent.The price of a good is the amount of money asked per unit of some particular good at which an exchange will obtain. It follows, […]
Financial Markets Report For Tuesday, Jan 7

Financial Markets Report For Tuesday, Jan 7

Image Source: PixabayIn this video, Ira Epstein reviews the activity in the Financial Markets after the day that just ended, Tuesday, January 7.Video Length: 00:11:30More By This Author:Metal Markets Report For Monday, Jan 6Financial Markets Report For Monday, Jan 6ETF Markets Report For Sunday, Jan. 5
Meta Ends Fact-Checking Efforts As It Aligns With Incoming Trump Administration

Meta Ends Fact-Checking Efforts As It Aligns With Incoming Trump Administration

Image Source: Pixabay Meta discontinues its fact-checking program, opting for user moderation akin to X’s Community Notes. Move seen to align with the incoming Trump administration. Critics fear increased risks to online safety and misinformation proliferation. META, the tech giant behind Facebook, Instagram, and Threads, announced a seismic shift in its content moderation policies on Tuesday.The […]