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Elliott Wave Technical Analysis: Advanced Micro Devices Inc. (AMD)

Elliott Wave Technical Analysis: Advanced Micro Devices Inc. (AMD)

AMD Elliott Wave Analysis Trading LoungeAdvanced Micro Devices Inc., (AMD) Daily ChartAMD Elliott Wave Technical AnalysisFUNCTION: Counter TrendMODE: CorrectiveSTRUCTURE: FlatPOSITION: Wave (y) of {iv}.DIRECTION: Bottom in wave {iv}.DETAILS: We are looking for continuation lower. We have touched 0.618 (y) vs (w) and equality stands at 75$. In addition we are also at 0.618 wave c vs. a of (y).Advanced Micro Devices […]
Plenty Of Calendar Risk In North American Session

Plenty Of Calendar Risk In North American Session

Image Source: Pixabay  There have been signs of the US Dollar perhaps wanting to top out in recent days. But at the same time, the trend has been strong and it’s going to take more to really make a dent and get things going the other way.Video Length: 00:00:57More By This Author:Investors Feeling Better After Taking […]
Gold Enjoys Third Day Of Gains In A Row As Yields Retreat

Gold Enjoys Third Day Of Gains In A Row As Yields Retreat

Gold price rises above $2,700, with more upside at hand should US yields retreat further. Heightened hopes for a Fed rate cut before the summer fuels the Bullion rally.  Gold pops and sets sail for the first important pivotal level at $2,708. Gold’s price (XAU/USD) is up for the third day in a row and erased weekly […]
Iceland´s Stock Market Indexes Continue To Improve

Iceland´s Stock Market Indexes Continue To Improve

Image Source: Pexels  I always like to revisit and update my analysis and commentary.Last year I wrote and posted here a few articles on Iceland´s two stock market indices, since to me they seemed to be in the process of slowly reversing their long-term trends from down to up. In my view, a structure change has […]
More Big Bank Earnings, TSM Reports, December Retail Sales Ahead

More Big Bank Earnings, TSM Reports, December Retail Sales Ahead

Photo by rupixen on Unsplash  Market RecapTraders generally ignored a slightly warmer top-line CPI print yesterday partly because it was driven by the known inflation driver Energy and partly because Core inflation came in line with expectations showing continued signs of moderating. What really got markets going yesterday was strong bank earnings. Financials (2.55%) led sectors, even topping […]
Trump open to idea of establishing a strategic reserve with US-based coins like SOL, XRP, USDC

Trump open to idea of establishing a strategic reserve with US-based coins like SOL, XRP, USDC

Key Takeaways Donald Trump is “receptive” to establishing a strategic reserve using US-based digital assets like Solana, USD Coin, and Ripple. The proposed policy shift may include appointing crypto-friendly officials and ending debanking practices affecting cryptocurrency startups. Share this article President-elect Donald Trump is warming up to the idea of establishing an “America-first strategic reserve” […]
Yen Jumps On Growing Confidence Of A Hike Next Week

Yen Jumps On Growing Confidence Of A Hike Next Week

Image Source: Unsplash  Overview: With both of the US inflation gauges out, the focus turns to real sector data over the next two sessions and today’s confirmation hear of the Treasury Secretary nomination today. The dollar is mixed. The euro, Swiss franc, and Japanese yen are firm. Disappointing UK November GDP weighs on sterling. Australia reported a […]
US Inflation Rises But Core Inflation Drops

US Inflation Rises But Core Inflation Drops

Image source: Pixabay  US CPI Climbs to 2.9%The US December inflation report presented a mixed picture, as headline inflation rose while core CPI recorded a slight drop. The consumer price index (CPI) rose in December to 2.9% year-on-year, up from 2.7% in November and matching the market estimate of 2.9%. This marked a third straight increase […]
UnitedHealth Group’s Q4 2024 Revenue Growth Reflects Adaptability In Healthcare Market

UnitedHealth Group’s Q4 2024 Revenue Growth Reflects Adaptability In Healthcare Market

Image Source: Pixabay  UnitedHealth Group (NYSE: UNH) reported a robust performance for the fourth quarter of 2024, showcasing significant growth across its various operations.The company achieved revenues of $100.8 billion, marking a notable increase from the $94.4 billion reported in the same period the previous year. The company’s comprehensive approach primarily drove this growth to serve more individuals […]
Solana Back Above $200: Will It Hold Or Fade?

Solana Back Above $200: Will It Hold Or Fade?

Solana started a decent increase above the $188 resistance. SOL price is back above $200 and might struggle to continue higher above $205. SOL price started a fresh increase above the $185 and $188 levels against the US Dollar. The price is now trading above $195 and the 100-hourly simple moving average. There is a […]