Category Archive: Finance, No picture
Crude Oil Signal: Sees Volatility
Photo by Zbynek Burival on UnsplashIn a similar development, the Brent markets experienced a small retracement during Tuesday’s trading session. The West Texas Intermediate Crude Oil market initiated a minor pullback during the early trading hours on Tuesday. However, it is crucial to note that ample support exists in the backdrop, rendering any dips a potential buying […]
US Inflation Rate Eases To 3.2%, Core Inflation Falls To 4.1%
US inflation in October, which was released on Tuesday, was lower than expected, boosting hopes that the Fed may be done with interest rate hikes.The US consumer price index (CPI) climbed 3.2% year-on-year in October, down from 3.7% in September and below the market estimate of 3.3%.Core CPI, which excludes food and energy, showed a […]
FX Daily: Dollar Bears May Have Jumped The Gun
Image Source: Unsplash The dollar plummeted yesterday after a softer-than-expected US CPI reading. But we still think a turn in activity data – more than the disinflation story – is needed to take the dollar sustainably lower, and the move appears overdone also from a short-term valuation perspective. US retail sales will tell us whether the dollar can […]
Elliott Wave Technical Analysis 4 Hour Chart: Euro/British Pound – Wednesday, Nov. 15
Image Source: Unsplash EURGBP Elliott Wave Analysis Trading Lounge 4 Hour Chart, 15 November 2023Euro/British Pound(EURGBP) 4 Hour ChartEURGBP Elliott Wave Technical AnalysisFunction: Counter TrendMode: corrective Structure: FlatPosition: Black wave 2Direction Next Higher Degrees: black wave 3Details: after blue wave 5 of 1 corrective wave 2 is in play and likely to end between fib level […]
GBPUSD Short Term Elliott Wave Structure Suggests Further Upside
Image Source: UnsplashGBPUSD shows a 5 swing sequence from 10.4.2023 low favoring further upside. The rally from 10.4.2023 low takes the form of a double three Elliott Wave structure or a double zigzag. Up from 10.4.2023 low, wave W ended at 1.24.28 and dips in wave X ended at 1.2186. Internal subdivision of wave X unfolded as a […]
Metals Report For Tuesday, November 14
Image Source: UnsplashIn this video, Ira Epstein reviews the day’s trading in the gold and other relevant metal markets.Video Length: 00:07:17 More By This Author:SPDR ETF Report For Monday, November 13Financial Markets Report For Monday, November 13Metals Report For Monday, November 13
The Message From Twelve Post-CPI Charts
Image Source: UnsplashThe NASDAQ Composite (ONEQ) chart below was shown in late October to highlight an area of possible support, based on anchored volume weighted average price (AVWAP) data.The updated November 14 version below shows buyers did eventually step in the crucial bull/bear battle zone. Given the high correlation between the NASDAQ Composite and the Invesco […]
USD/JPY Steadily Climbs To 150.75-80 Area, Fresh Daily High After Weaker Japanese GDP
Image Source: Unsplash USD/JPY attracts fresh buyers on Wednesday and draws support from a combination of factors. The worse-than-expected Japanese GDP print and a positive risk tone seem to undermine the JPY. The USD reverses a part of Tuesday’s US CPI-inspired slump and acts as a tailwind for the major. The USD/JPY pair regains positive traction […]
Current Analysis: Hypera SA
Image Source: UnsplashHypera SA (HYPMY) is a specialty and generic drug manufacturing company. The company has a focus on the pharmaceutical segments of the Brazilian market, along with a presence in nonprescription drugs and branded generics.Hypera also possesses a share of generic medicines and prescription products. The company also has a wide sales and distribution structure.The […]
Stocks Advance As Rates Plunge Following A Soft CPI Report
Image Source: Unsplash Stocks rallied following the CPI report, as falling energy prices offset the rise in the net benefit of health insurance and other medical impacts. Energy and gasoline prices fell sharply, and so did owners’ equivalent rent. There was disinflation in the used car prices and lodging. A 1/10 miss doesn’t seem like much, […]
