Category Archive: Finance, No picture
EUR/USD Softens As Dollar Picks Up Momentum Ahead Of Key Macro Events
Image Source: Unsplash The EUR/USD faces a key test in the next week and a half. We will have lots of key data and rate decisions from both the Federal Reserve and European Central Bank to come during this period. Ahead of these big events, the EUR/USD was down for the second consecutive week, eating into […]
ETF Battles: Top EV, Driverless, Flying Taxi And Battery ETF?
Photo by Nicholas Cappello on Unsplash In this episode of ETF Battles, I referee an audience-requested triple header contest between EV, battery, and driverless ETFs from Blackrock (IDRV), Global X (DRIV), and KraneShares (KARS). Which ETF wins this future of transportation showdown?Program judges David Dierking at TheStreet and Tony Dong at ETF Central examine this dividend […]
Elliott Wave Technical Analysis: Johnson & Johnson
Image Source: Unsplash Johnson & Johnson, Elliott Wave Technical AnalysisJohnson & Johnson, (NYSE: JNJ): 4h Chart 6 December 2023JNJ Stock Market Analysis: We changed the count to a bullish scenario. At this stage, we are looking for upside in either a wave 3 or C that seems to be unfolding as expected. Looking for 5 waves […]
Sensex Today Ends At Record High, Gains 358 Points
Image Source: Unsplash After opening the day on a strong note, the Indian share markets continued their record run for the seventh straight trading session and the markets ended firmly in the green.Equity benchmark indices hit new highs boosted by moderating crude oil prices and a rally in Adani Group and PSU banks.At the closing bell, […]
Bank Of Canada Policy Decision On Tap
Photo by sebastiaan stam on UnsplashOne of the big events on the North American calendar today comes out of Canada, with the Bank of Canada policy decision due. Given how sensitive global markets are to interest rates and monetary policy outlooks, it will be interesting to see which way the BoC leans.Video Length:00:41:00More By This […]
Oil Quotations Remain Under Pressure
Image Source: Unsplash At yesterday’s stock market close, the Dow Jones Index (US30) was down by 0.22%, while the S&P 500 Index (US500) decreased by 0.06%. The Nasdaq Technology Index (US100) closed positive 0.31% on Tuesday. A decline in bond yields on Tuesday supported technology stocks and the Nasdaq 100. Bond yields fell after the October JOLTS job openings report fell more than expected […]
FX Daily: Hard To Buck The Euro Downtrend
Image Source: Unsplash The dollar has shown resilience after disappointing JOLTS job openings data yesterday, leaving EUR/USD under pressure as the euro’s idiosyncratic negatives fuel bearish momentum. Today, the Bank of Canada may deliver a hawkish hold despite worsening growth, giving some help to the Canadian dollar. USD: Showing resilienceThe larger-than-expected drop in October’s JOLTS job openings […]
New Home Affordability In October 2023 And The Months Ahead
October 2023 saw mortgage rates spike along with the yields of U.S. Treasuries to their highest levels in years. Meanwhile, the price of a new home sold in the United States during that month dropped to its lowest recorded level since December 2021. Which of these factors do you suppose had the bigger impact in […]
Bulls On Break? Navigating The Aftermath Of Up Momentum Burnout
Image Source: Unsplash Watch the video extracted from the WLGC session before the market open on 5 Dec 2023 below to find out the following: How to analyze the shortening of the up wave and its context. How to interpret the recent increase in the supply level The 2 immediate support levels (#2 is more meaningful for a major […]
After The Recent Export Surge, US Ending Stocks Aren’t Expected To Change
Image Source: Unsplash Market AnalysisThe upcoming USDA December 8 monthly crop report hasn’t prompted much market talk. With no US corn & soybean crop size update, the trade’s focus has been on South America’s weather outlook and the rainfall levels that have occurred in the various Argentine and N Brazil dry areas since trading resumed after […]
