Category Archive: Finance, No picture
Gold Futures: Extra Gains Appear On The Cards
Image Source: UnsplashOpen interest in gold futures markets increased by around 10.1K contracts on Tuesday, reversing at the same time three consecutive daily pullbacks according to preliminary readings from CME Group. Volume, instead, shrank by around 39.8K contracts after two daily builds in a row.Gold: Next target comes at the 2023 topGold prices extended the uptrend north […]
Tired Bull Or Ready For Another Charge? Decoding The Up Momentum Puzzle
Image Source: UnsplashWatch the video extracted from the WLGC session before the market opens on 28 Nov 2023 below to find out the following: How to spot the fading of the up momentum. Analogue comparison using the monthly chart for the S&P 500 long-term trend Assessment of the supply level for the strong rally since November The #1 thing […]
Elliott Wave Technical Analysis: XRPUSD – Wednesday November 29
Image Source: UpsplashElliott Wave Analysis TradingLounge Daily Chart, 29 November 23,XRP/ U.S. dollar(XRPUSD)XRPUSD Elliott Wave Technical AnalysisFunction: Counter TrendMode: CorrectiveStructure: TrianglePosition: Wave ((E))Direction Next higher Degrees: wave 4 of ImpulseWave Cancel invalid level:Details: The movement within a triangle patternXRP/ U.S. dollar(XRPUSD)Trading Strategy: Zigzag pattern correction, we have Wave A completed and prices developing in Wave B […]
Home Prices, Consumer Data, Q3 Earnings & Goodbye To Charlie Munger
Image Source: UnsplashCase-Shiller home prices for September were released today, continuing the uptrend on the 20-city survey for now four straight months. A headline figure of +3.9% was right in-line with analyst forecasts, above a slightly downwardly revised +2.1% for August. Obviously, these are numbers somewhat removed from where we are today, but Case-Shiller data is seen as […]
WTI Holds Gains After API Reports First Crude Draw In 6 Weeks
Image Source: UnsplashOil prices rallied for the first time in five sessions as traders shrugged off early OPEC+ rumors to ramp back to last week’s highs.Which way the oil market breaks will largely depend on if OPEC+ can “show continued unity as a group and commitment to ‘ stable’ (or really ‘higher’) prices over the long run,” […]
Exploring The Sinewave: Unveiling Rhythms In Financial Instruments
Image Source: UnsplashNot that long ago, I never, and I mean never, bothered using the sinewave tool on any chart. These days, I’m becoming increasingly intrigued by the financial instruments that seem to conform to some kind of steady rhythm, and it turns out that my favorite ETF, the utility symbol XLU, has an intriguing relationship with this as […]
Metals Report For Tuesday, November 28
Image Source: UnsplashIn this video, Ira Epstein reviews the day’s trading in the gold and other relevant metal markets.Video Length: 00:08:05More By This Author:SPDR ETF Report For Monday, November 27Financial Markets Report For Monday, November 27Metals Report For Monday, November 27
The Commodities Feed: Lower Yields And Weaker USD Push Complex Higher
Image Source: UnsplashEnergy – Kazakh oil disruptionsA move lower in treasury yields and a weaker USD following some less hawkish comments from some Fed officials yesterday provided a boost to the commodities complex. ICE Brent managed to settle a little more than 2.1% higher on the day, which took it back well above US$81/bbl. The strength […]
USD/JPY Tumbles To 147.00, Eyes On The US GDP Data
Image Source: Unsplash USD/JPY extends its downside to 147.00, the lowest since mid-September. The dovish comments from the Federal Reserve’s Waller created a headwind to the US Dollar. Inflation data in Japan remained above the Bank of Japan’s 2% target for the 19th consecutive month in October. All eyes are on the US GDP data on […]
Stock And Sector Checklist To End November (And Enter December 2023)
Image Source: Unsplash We’re quickly coming to the end of 2023 and getting ready to start a fresh new year that’s a month away! In tonight’s video, we pinpoint the sector performance with the 2 strongest sectors, 3 weakest sectors, and the remainder that traded sideways this year. We also scan for the stocks showing the […]
