Category Archive: Finance, No picture
One-Sixth Remains
Image Source: UnsplashWith the first ten months of the year now out of the way, a mere one-sixth of 2023 remains. Considering how absolutely insane this year has been already in all arenas (financial, geopolitical, legal, you name it), one can only tremble to consider what the next two months might hold.Rather than dare speculate on the dozens of weighty matters already vexing the […]
Gold Still In Position For Breakout By End Of Year
Image Source: UnsplashGold closed October at $1994, failing to close above monthly resistance at $2000.Monthly and quarterly resistance remains at $2000, while yearly resistance remains at $1900. Should Gold close at $2010 or higher on December 31 then it will make a new yearly, quarterly, and monthly high.Video Length: 00:05:21More By This Author:Can Gold Make Monthly […]
Elliott Wave Technical Analysis: BTCUSD – Wednesday, Nov. 1
Elliott Wave Analysis TradingLounge Daily Chart, 1 November 23, Bitcoin/U.S. dollar(BTCUSD) BTCUSD Elliott Wave Technical Analysis Function: Follow Trend Mode: Motive Structure: Impulse Position: Wave((3)) Direction Next higher Degrees: wave I of Impulse Wave Cancel invalid level: Details: Impulse’s five-wave rise. Bitcoin/U.S. dollar(BTCUSD)Trading Strategy: The increase continues the Impulse pattern. We are now in wave […]
FBI Director Warns Threat Of Attacks By Hamas On American Soil Raised “To A Whole Other Level”
Image Source: Unsplash “The reality is that the terrorism threat has been elevated throughout 2023 but the ongoing war in the Middle East has raised the threat of an attack against Americans in the United States to a whole ‘nother level.” That is the scenario FBI Director Chris Wray led with during a Senate Homeland Security […]
USD/JPY Retreats From The Yearly High, Hovers Above 151.00
Image Source: Unsplash USD/JPY strengthened as the BoJ scrapped the 1% ceiling for the 10-year government bond yield. BoJ Governor Ueda expressed fear about inflation not reaching long-term targets. Japan’s Chief Cabinet Secretary Matsuno engaged in some verbal intervention to bolster the yen. USD/JPY trades around 151.20 during the Asian session on Wednesday, pulling back from the […]
Current Analysis: Corning Incorporated
Image Source: UnsplashCorning Incorporated (GLW) is a leader in materials science, specializing in the production of glass, ceramics, and optical fiber.The firm supplies products for a wide range of applications, from flat-panel displays in televisions to gasoline particulate filters in automobiles to optical fiber for broadband access, with a leading share in many of its end […]
How Geopolitical Tensions In Israel Impact Forex Markets
Image Source: UnsplashThe forex market is very sensitive to many events across the globe. Some examples that affect the market include extreme weather conditions, natural occurrences, economic and geopolitical events. Notably, geo-political events are some of the key movers of the forex market. We already saw the geopolitical tensions between Russia and Ukraine have a significant impact […]
This Bull Trap Could Be A Huge Payday Into FOMC
Image Source: UnsplashFOMC Tomorrow – Let’s Go!Markets pushed higher most of the day today…But once you see this trend-line on the 60minute, you’ll see why this BULL TRAP is my favorite trade for tomorrow!Emini and Nasdaq are both bullish, but we’re running into multiple resistance zones on the 60minute…I’d love to grab a BULL TRAP up […]
US Crude Production Breaks Records As Shale Drives All Growth In Global Oil Supply Over Past Decade
Image Source: UnsplashWith core OPEC+ cartel members Russia and Saudi Arabia doing everything in their power to throttle oil output and push the price of oil higher, the US is again emerging as not only a thorn in OPEC’s side but as the marginal producer of world oil. According to EIA data, US crude oil production […]
Will Dow Jones ETFs Show The Halloween Effect?
Image Source: UnsplashIronically, the period associated with ghouls and ghosts frequently coincides with a favorable time for Wall Street, courtesy of the Halloween Effect, which typically brings a positive glow to financial markets.In any case, the month of October turned out to be a little spooky for investors with the three key indices shedding in the […]
