Category Archive: Finance, No picture
Ford Gains In Premarket After Deal Negotiated To End UAW Strike
Shares of Ford Motor climbed 2.7% in Thursday premarket trading after the company reached a ‘tentative agreement’ with UAW workers.Ford reached an understanding today with its employees represented by the United Auto Workers (UAW), marking a “historic victory” for the US labor union. Shares of Ford (F) rose 2.77% ahead of Thursday’s market opening bell. However, the gains […]
Elliott Wave Technical Analysis LINKUSD – Thursday, October 26
Elliott Wave Analysis TradingLounge Daily Chart, 26 October 23 Chanlink/U.S. dollar(LINKUSD) LINKUSD 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: 8.259 Details: Wave 3 equal to 200.00% of Wave 1 at 12.719Chanlink/U.S. dollar(LINKUSD)Trading Strategy: Chainlink Rises Rapidly […]
Weak Corporate Reports From Tech Companies Weigh On Stock Indices. Japan’s Nikkei 225 Is Falling As The Yen Rises Above 150
Photo by Isaac Smith on UnsplashAs of Wednesday’s stock market close, the Dow Jones Index (US30) was down by 0.32%, while the S&P 500 Index (US500) decreased by 1.43%. The NASDAQ Technology Index (US100) closed yesterday negative by 2.43%. Stock indices declined yesterday amid disappointing earnings results from major technology companies. Alphabet (GOOG) shares fell more than 9% after reporting weaker-than-expected cloud […]
Elliott Wave Technical Analysis: Meta Platforms Inc – Thursday, October 26
Meta Platforms Inc., Elliott Wave Technical AnalysisMeta Platforms Inc., (META:NASDAQ): 4H Chart 26 October 23META Stock Market Analysis: We were looking for continuation higher into wave (5) after the triangle in wave (4), however we nearly reached wave count invalidation and as momentum indicators suggest we could have topped in wave (5).META Elliott Wave Count: Wave (5) […]
Day Chart Elliott Wave Technical Analysis: Australian Dollar / Japanese Yen, Thursday, Oct. 26
AUDJPY Elliott Wave Analysis Trading Lounge Day Chart, Thursday, Oct. 26UnsplashAustralian Dollar / Japanese Yen (AUDJPY) Day ChartAUDJPY Elliott Wave Technical AnalysisFunction: Counter TrendMode: impulsiveStructure: blue wave 3 of CPosition: Black wave CDirection Next Higher Degrees: blue wave 4 of C Details: red wave 2 of 3 completed between fib level 61.80 to 78.60. Now red […]
4 Hour Chart, Elliott Wave Technical Analysis: Australian Dollar / Japanese Yen, Thursday, Oct. 26
AUDJPY Elliott Wave Analysis Trading Lounge 4 Hour Chart, Thursday, Oct. 26UnsplashAustralian Dollar / Japanese Yen(AUDJPY) 4 Hour ChartAUDJPY Elliott Wave Technical AnalysisFunction: Counter TrendMode: impulsiveStructure: red wave 3 of blue wave 3Position: Black wave CDirection Next lower Degrees: wave (3 of C) started Details: red wave 2 of 3 completed between fib level 61.80 to […]
Crude Oil Futures: Further Upside Unlikely Near Term
Image Source: UnsplashOpen interest in crude oil futures markets shrank for the third consecutive session on Wednesday, now by around 4.3K contracts according to preliminary readings from CME Group. Volume, instead, increased for the second session in a row, this time by around 63.1K contracts.WTI: Another drop to $80.00 should not be ruled outWTI prices rebounded markedly […]
Korea’s Third-Quarter GDP Expands More Than Expected
Image Source: UnsplashGDP rose 0.6% QoQ sa in 3Q23 with improved detailsIn terms of domestic growth components, private consumption (0.3%) and construction investment (2.2%) rebounded while the contraction in facility investment (-2.7%) deepened further. Services consumption including leisure, accommodation, and eating out were the main drivers of the rebound but goods consumption was soft as wholesale/retail […]
Elliott Wave Technical Analysis For Thursday, October 25
Image Source: UnsplashIn stock market analysis, we focus on several prominent stocks, including NASDAQ, Apple (AAPL), Tesla (TSLA), Amazon (AMZN), Nvidia (NVDA), Microsoft (MSFT), Meta Platforms (META), Netflix (NFLX), and Alphabet (GOOGL). The summary provides an overview of the market conditions and trading strategies for these stocks:1. Stock Market Overview: The stock market is currently experiencing a […]
GBP/USD Slides To Over Three-Week Low, Further Below 1.2100 Mark On Stronger USD
Image Source: Unsplash GBP/USD drifts lower for the third successive day and drops to a multi-week low on Thursday. A combination of factors continues to push the USD higher and exert pressure on the major. The fundamental backdrop supports prospects for a further near-term depreciating move. The GBP/USD pair extends this week’s retracement slide from the […]
