Category Archive: Finance, No picture
Elliott Wave Technical Analysis Day Chart: British Pound/Japanese Yen – Tuesday, Dec. 5
Image Source: Unsplash GBPJPY Elliott Wave Analysis Trading Lounge Day Chart, 5 December 2023British Pound/Japanese Yen(GBPJPY) Day ChartGBPJPY Elliott Wave Technical AnalysisFunction: TrendMode: Corrective as wave 4Structure: abc likely zigzagPosition: main blue wave 5Direction Next Higher Degrees: red wave 5 of 5Details: red wave 4 as correction is in play after that red wave 5 of […]
FX Daily: Data Check As Fed Dovish Bets Peak
Image Source: Unsplash Markets have scaled back some dovish bets on the Fed at the start of this week, perhaps starting to position more cautiously ahead of a Fed pushback and key data releases. Today, JOLTS and ISM services figures will move the market. We retain a moderate bullish bias on the dollar in the near […]
Visualizing The Rise Of The U.S. Dollar Since The 19th Century
Visualizing the Rise of the U.S. Dollar Since the 19th Century As the world’s reserve currency, the U.S. dollar made up 58.4% of foreign reserves held by central banks in 2022, falling near 25-year lows.Today, emerging countries are slowly decoupling from the greenback, with foreign reserves shifting to currencies like the Chinese yuan.At the same time, the steep appreciation […]
Bitcoin Reaches $42,000: 5 ETFs More Than Double In 2023
Image Source: Unsplash Bitcoin, the world’s largest cryptocurrency, surged past the $42,000 mark for the first time since April 2022. This represents a year-over-year increase of 142% in the cryptocurrency value. The milestone came on the back of broad enthusiasm about U.S. interest rate cuts and the imminent regulatory approval for Bitcoin ETFs.The solid trading has […]
Expect The Next Bear Market To Be The Worst
Image Source: Unsplash An exclusive conversation with renowned investor Jim Rogers. In this episode, Rogers shares his insights on the current economic landscape, discussing the unprecedented levels of inflation, where he see currently thinks investors should be buying value and selling in hysteria, the ahead challenges presented by social and political unrest, and more!More about Jim […]
Why Gold, Silver Are Lower After Spike Last Night
Image Source: Unsplash For those who check the gold and silver prices when the markets open in the Far East (which occurs on Sunday night in the US time zones), there was quite a bit of excitement as gold spiked over $2,140 while silver moved to within shouting distance of the $26 mark.However, much as Vince […]
Two Keys To Options Trading Success: Managing FOMO And Risk
Image Source: Unsplash Over the years, I have talked a lot about learning how to manage FOMO (the fear of missing out) and risk properly. Both are key to options trading success: One gets you in the game, the other keeps you in the game.If you’re able to avoid FOMO and manage wins and losses productively, you […]
Tight Supply Fears In Food & Energy Ahead? The Corn & Ethanol Report
We kickoff the day with Factory Orders MoM and Factory Orders ex Transportation at 9:00 A.M., Export Inspections at 10:00 A.M., 3-Month & 6-Month Bill Auction at 10:30 A.M., Dairy Products at 2:00 P.m., and Total Vehicle Sales.Image Source: Unsplash On the Corn Front managed funds’ combined net short position in corn, Chicago wheat, soy & […]
Canadian Dollar Struggles To Hold Onto Recent Gains As U.S. Dollar Rebounds
Image Source: Unsplash The Canadian Dollar (CAD) pared back some of last week’s gains as the US Dollar (USD) sees a broad-market recovery on the back of renewed risk aversion. The Canadian Dollar is down roughly a third of a percent against the Greenback on Monday.Canada is absent from the economic calendar for the early half of the week, with […]
The Potential For Long-Term Growth Of Telus Stock
Image Source: Unsplash Telus Corporation (TU) is a big player in the telecom world, offering services like wireless, internet, and home security in Canada. Since it started in 1990, Telus has been doing well financially, making money and increasing dividends for investors.One cool thing about Telus is that it’s always trying out new technology. It was […]
