HDFC Life Insurance Stocks Elliott Wave Technical Analysis – Tuesday, October 29
Oct 29, 2024
Jeremy Parkinson
Finance
HDFC LIFE INSURANCE – HDFCLIFE (1D Chart) Elliott Wave Technical AnalysisFunction: Larger Trend Higher (Intermediate degree Wave (3), orange)Mode: MotiveStructure: ImpulsePosition:, Minute Wave ((v)) NavyDetails: Minute Wave ((v)) Navy is progressing higher within Minor Wave 3 Grey of Intermediate Wave (3) Orange. Potential upside target is seen towards 797 mark. No change.HDFC Life Insurance Daily Chart […]
Secular Inflation Is An Invisible Stock Market Crash
Oct 29, 2024
Jeremy Parkinson
Finance, No picture
Image Source: Unsplash Secular inflationary bear markets are the worst ones due to the extended periods of poor performance in real terms.The 60/40 portfolio performed worse in 1965-1982 than during 1929-1942 and 2000-2011 due to inflation and the secular bond bear market.Video Length: 00:08:19More By This Author:Precious Metals Cool Off After Silver Tests $35 Resistance 3 […]
AUD/USD Forex Signal: Aussie Crash To Continue Ahead Of CPI Data
Oct 29, 2024
Jeremy Parkinson
Finance
Bearish View Sell the AUD/USD pair and set a take-profit at 0.6500. Add a stop-loss at 0.6700. Timeline: 1-2 days. Bullish View Buy the AUD/USD pair and set a take-profit at 0.6700. Add a stop-loss at 0.6500. The AUD/USD exchange rate continued slumping, hitting its lowest level in over 10 weeks as traders focused on […]
Daily Market Outlook – Tuesday, Oct. 29
Oct 29, 2024
Jeremy Parkinson
Finance
Image Source: Pexels Tuesday saw erratic trading in Asian stocks as investors readied themselves for three days of tech mega cap earnings reports on Wall Street, beginning this evening with Alphabet, the parent company of Google. With the JOLTS job openings report, one of the Federal Reserve’s favoured employment indicators, due on Tuesday ahead of the much-awaited […]
USD/CAD Price Forecast: Hesitates To Break Above 1.3900
Oct 29, 2024
Jeremy Parkinson
Finance
The USD/CAD pair struggles to extend its rally above the round-level resistance of 1.3900 in Tuesday’s European session. The rally in the Loonie pair appears to have paused for a while, with investors focusing on a string of the United States (US) economic data to be released this week. The US Dollar Index (DXY), which tracks the Greenback’s […]
DAX Points To 20K Area
Oct 29, 2024
Jeremy Parkinson
Finance, No picture
Image Source: Unsplash Looking at the 4-hour chart of DAX, we can see a strong rebound in the last two months back to new ATH, but bulls can be losing some strength up here as we see price turning back down to 19k area, where overlap with black wave I put wedge shape in action. We […]
EUR/USD Analysis: Bears Wait For Important Week
Oct 29, 2024
Jeremy Parkinson
Finance
A week before Fed officials meet to consider the appropriate pace of US interest rate cuts, three major reports are set to show underlying resilience in the US economy and a temporary slowdown in job growth. Ahead of these important and influential events, the EUR/USD price is holding below the psychological support level of 1.0800 […]
EUR/GBP Forecast: Tests Key Support Zone
Oct 29, 2024
Jeremy Parkinson
Finance
The Euro has rallied a bit during the course of the trading session on Monday against the British pound. As we continue to see a lot of market participants test the 0.83 level for support. Ultimately, we did find it. And that of course is a relatively good sign, but we also have to keep […]
Bitcoin Has Reached The $70,000 Mark
Oct 29, 2024
Jeremy Parkinson
Finance
Image Source: Pixabay The Dow Jones (US30) rose 0.65% on Monday. The S&P 500 Index (US500) was up 0.27%. The Nasdaq Technology Index (US100) closed at its opening price. Stocks rose amid lower geopolitical risks in the Middle East after Israel launched only a limited retaliatory strike on some Iranian military installations over the weekend and […]
Gold On It’s Way To New Heights
Oct 29, 2024
Jeremy Parkinson
Finance
Image Source: Pixabay Gold has just hit a new all-time high. Is this an underlying trend or a passing phase? In any case, all the conditions are in place to fuel this ascent. Uncertainty, the spearhead of the yellow metal, is omnipresent in today’s major issues. How will the Middle East conflict end? Will the West […]