Category Archive: Finance, No picture
Technology Stocks Testing Highely Influential Dual Support
Image Source: Unsplash Today’s technology stocks make the world run. The tech sector and select large-cap stocks have led the broader bull market for nearly 14 years.So when they are weak, investors should take note!Today’s chart takes a “weekly” view of the S&P Technology Sector ETF (XLK).As you can see, price hit resistance at last year’s highs, […]
U.S. Bombs Syria As Gold Breaks $2,000, Silver Lags, Mining Stocks Baffle
Image Source: Unsplash It’s getting close to pandemonium in the Middle East as the United States has just bombed Syria “in self defense” of its armed forces, which happen to be stationed in Syria for entirely peaceful reasons. These actions apparently are “separate and distinct from the ongoing conflict between Israel and Hamas”, according the Secretary […]
Oil Bulls To Fight Bearish Seasonal Signal
Image Source: Unsplash The geopolitical crisis in the Middle East has been providing a boost for oil prices on speculative flows. The risk of a wider conflict could threaten oil supply to the world and that has been the reason for sudden buyers to step into the oil market pushing prices higher. However, the seasonal bias […]
The Energy Report: Spared From The Fire
Photo by Zbynek Burival on UnsplashOil prices rise as US fighter jets attack so-called Iranian-linked sites in Syria hitting two weapons and ammunition depot as the US sends more troops to the Middle East. This comes as Iran’s Foreign Minister Hossein Amirabdollahian makes threats to the US by saying “If the genocide continues in Gaza, […]
Frost & Snow Ahead – The Corn & Ethanol Report
Photo by Demian Tejeda-Benitez on UnsplashWe kickoff the day with Core PCE Prices MoM & YoY, Personal Income MoM, Personal Spending, and PCE Price Index MoM & YoY at 7:30 A.M., Fed Barr Speech at 8:00 A.M., Michigan Consumer Sentiment Final, Michigan 5-Year Inflation Expectations Final, Michigan Consumer Expectations Final, Michigan Current Conditions Final, and Michigan Inflation […]
Is The Market Putting On Risk Ahead Of The Weekend?
Photo by Sara Kurfeß on UnsplashThe US dollar is trading with a softer bias. Among the G10- currencies, only the euro and Swiss franc are the laggards and are nearly flat. In shifting expectations, the market sees the Reserve Bank of Australia as the most likely to hike rates again, while the swaps market appears […]
Japan Is Setting The Stage For A Monetary Policy Review. Falling Tech Companies Are Dragging The Broad Market
As of Thursday’s stock market close, the Dow Jones Index (US30) decreased by 0.76%, while the S&P 500 Index (US500) fell by 1.18%. The NASDAQ Technology Index (US100) closed yesterday negative by 1.76%. Stock indices continued to fall yesterday due to weak reports from major technology companies. Shares of Meta Platforms (META) fell more than 5% after weak ad revenue. Meanwhile, shares […]
Elliott Wave Technical Analysis: JP Morgan Chase & Co, Friday, October 27
JP Morgan Chase & Co., Elliott Wave Technical AnalysisJP Morgan Chase & Co., (NYSE): 4H Chart 27 October 23JPM Stock Market Analysis: We have been looking for further downside into wave 2 as we nearly hit 0.618 {c} vs. {a}. At this point we are looking for equality of {c} vs. {a} at 136$ to then […]
Day Chart Elliott Wave Technical Analysis: NZDUSD Friday, October 27
NZDUSD Elliott Wave Analysis Trading Lounge Day Chart, 27 October 23New Zealand Dollar/U.S.Dollar (NZDUSD) Day ChartNZDUSD Elliott Wave Technical AnalysisFunction: TrendMode: impulsive Structure: sub waves of new trendPosition: red wave 3Direction Next higher Degrees:new trend may started Details: Blue wave 5 of C looking completed at fib level 0.5 ,now looking for new uptrend . Wave Cancel […]
FX Daily: Stark Growth Gap Makes The Dollar Even Harder To Sell
Image Source: UnsplashAs we had suspected, the ECB meeting proved to be a non-event, and EUR/USD is now left with an ever-unfavourable rate differential. In addition, with US GDP coming in strong, the growth divergence continues to widen, making the dollar even harder to sell in the current environment. Elsewhere, Riksbank reported FX sales should decline […]
