Category Archive: Finance, No picture
The Commodities Feed: Positive Economic Sentiment Helps To Boost Prices
The Fed’s decision to keep interest rate hikes on pause for a second consecutive time has bolstered economic sentiment and supported commodity prices, including energy and metals. Fresh mine closures have provided additional support to zinc, with prices climbing to around US$2,600/t yesterday.Unsplash Energy – OPEC oil output held stableICE Brent has been trading firm this […]
Elliott Wave Technical Analysis: Walmart Inc. – Thursday, November 2
Walmart Inc., Elliott Wave Technical AnalysisWalmart Inc., (WMT): 4h Chart, 2 November 23WMT Stock Market Analysis: We have been looking for a flat in wave (ii) and we have resumed higher ever since we anticipated a bottom in place. At this point it looks like we could be forming a leading diagonal into wave i or else […]
Day Chart Elliott Wave Technical Analysis: AUDUSD – Thursday, November 2
AUDUSD Elliott Wave Analysis Trading Lounge Day Chart, 2 November 23Australian Dollar/U.S.Dollar (AUDUSD) Day ChartAUDUSD Elliott Wave Technical AnalysisFunction: TrendMode: impulsiveStructure: blue wave 1 of new trendPosition: black wave 1Direction Next lower Degrees: blue wave 1 (started)Details: Wave C of 2 completed at 0.62713 , Now new upward trend as blue wave 1 is […]
FX Daily: Fed Pause Renews Interest In The Carry Trade
Photo by Eric Prouzet on UnsplashEven though it was a hawkish hold, the Fed’s decision to leave rates unchanged for a second meeting in a row has seen interest rate volatility drop and high-yielding currencies start to perform well again. This may be an emerging trend, especially if tomorrow’s jobs data isn’t too hot. The focus today […]
Asia Morning Bites For Thursday, November 2
Image Source: UnsplashGlobal macro and markets Global markets: If last night’s FOMC meeting was supposed to be a “hawkish pause”, then markets weren’t listening. Yields on the 2Y US Treasury note dropped 14.4bp, taking them below 5% (4.944%), and there was an even bigger drop at the longer end. 10Y yields fell 19.7bp to 4.734%, and implied […]
USD/JPY Corrects Further From YTD Top, Slides To 150.00 Neighbourhood Amid USD Selling Bias
Image Source: Unsplash USD/JPY remains under some selling pressure for the second successive day amid a weaker USD. Expectations that the Fed is don raising rates and sliding US bond yields weigh on the Greenback. The Fed-BoJ policy divergence should limit gains for the JPY and limit the downside for the major. The USD/JPY pair extends […]
Navigating Through Stormy Skies: A Sell Stance On JetBlue Airways
Image Source: UnsplashIntroduction The airline sector is notably turbulent, with carriers like JetBlue Airways (JBLU) facing headwinds from various fronts. Analyzing JetBlue’s recent financial performance and operational hurdles presents a scenario that merits a “Sell” recommendation. Here’s an analytical breakdown of the factors contributing to this stance: Financial Discrepancies: 1). Earnings Misfire – JetBlue’s Q3 per-share loss of […]
Mechanical Volatility Melt Sends Stocks Higher On November 1, 2023
Image Source: UnsplashThere is a big obsession about the Fed being done raising rates. If you listened to today’s press conference, it would seem that the risk is that they are not done, and the problematic part is that they seem to be entirely data-dependent at this point, with really no plan or course of action. […]
Current Analysis: Juniper Networks
Image Source: UnsplashJuniper Networks Inc (JNPR) designs, develops, and sells products and services for high-performance networks. These products and services enable customers to build scalable, reliable, secure, and cost-effective networks for their businesses, while achieving agility and improved operating efficiency through automation.The company’s high-performance network and service offerings include routing, switching, Wi-Fi, network security, artificial intelligence […]
Elliott Wave Analysis: S&P 500, NASDAQ 100, RUSSELL 2000 Predictions And Trading Strategies
Image source: PixabayStock Market Report S&P 500 – NASDAQ 100 – RUSSELL 2000 – DAX 40 – FTSE 100 – ASX 200. Elliott Wave Analysis Summary: Most Indices are in Wave iii) of A of (B). So, expect another few trading sessions to the upside for Wave A. However, the next move up will be choppy […]
