Category Archive: Finance, No picture
Stocks Rebound Ahead Of Busy Week But Can Recovery Hold?
Image Source: Unsplash Sentiment was a little more cheerful in the first half of Tuesday’s session, following Monday’s recovery in stock and bond markets, and the return of the selling in precious metals and oil markets. European indices and US futures were trading higher as yields dipped further lower after the US 10-year could not hold […]
Day Chart Elliott Wave Technical Analysis: USD/CAD – Tuesday, October 24
USD/CAD Elliott Wave Analysis Trading Lounge Day Chart, 24 October 23U.S.Dollar /Canadian Dollar(USD/CAD) Day ChartUSD/CAD Elliott Wave Technical AnalysisFunction: Counter TrendMode: impulsive as C of flatStructure: FlatPosition: black wave 2Direction Next Higher Degrees:Black wave 3 Details: blue wave C of Flat pattern in wave 2 in play . Wave Cancel invalid level : 1.30910The USD/CAD […]
The Situation In The Middle East Has A Negative Impact On Market Sentiment
Photo by Adam Śmigielski on UnsplashAmerican stock indices traded yesterday without any unified dynamics. At Monday’s close, the Dow Jones Index (US30) decreased by 0.58%, while the S&P 500 Index (US500) was down by 0.17%. The NASDAQ Technology Index (US100) closed positive by 0.27%. The decline in T bond yields on Monday was bearish for the US dollar and bullish […]
Israel Should Not Sacrifice Herself At The Altar Of World Acceptance
Image Source: Unsplash It’s clear Israel will never be the world’s darling. In the aftermath of the most heinous terror attack in our nation’s history, we enjoyed a brief outpouring of support. But soon enough, the demands and pressures return, keeping Israel on the perpetual back foot. This pressure to not defend ourselves is not new, […]
4 Hour Chart Elliott Wave Technical Analysis: USD/CAD – Tuesday, October 24
USD/CAD Elliott Wave Analysis Trading Lounge 4 Hour Chart, 24 October 23U.S.Dollar /Canadian Dollar(USD/CAD) 4 Hour ChartUSD/CAD Elliott Wave Technical AnalysisFunction: Counter TrendMode: impulsive as C of flatStructure: FlatPosition: black wave 2Direction Next Higher Degrees:Black wave 3 Details: red wave 3 of blue wave C of Flat starts . Wave Cancel invalid level : […]
4 Hour Chart Elliott Wave Technical Analysis: Exxon Mobil Corp., Tuesday, Oct. 24
Exxon Mobil Corp., Elliott Wave Technical AnalysisUnsplashExxon Mobil Corp., (XOM): 4H Chart, Tuesday, Oct. 24XOM Stock Market Analysis: We have been anticipating a three wave move into wave 2 which we seem to have got right. At this point as we have broken previous wave {b} top we can start looking at the move up as trend […]
Asian Stocks Trade Mixed, Focus On The Israel-Hamas Conflicts, High Yields
Image Source: Unsplash Asian equities have a mixed performance on Tuesday amid the Middle East geopolitical tensions and the volatile US Treasury bond yields. Central Huijin Investment Co plans to increase its local ETF holdings, which boosts Chinese stocks. Japanese PMI data showed the ongoing weakness in Asia’s second-largest economy. Investors will monitor the US S&P […]
Gold, Silver To Rise To Forefront As Treasuries Break Down
Image Source: UnsplashFor years, Jim Willie has warned about an exodus out of the US bond market, and at the rate yields have soared over the past month, we may be seeing the beginning stages of such an event.Yes, there are inflation concerns and nervousness around further potential Federal Reserve interest rate hikes. But the accelerating […]
Projected Silver Prices: Setting Sail For Precious Metal Ascension
Image Source: UnsplashThe dynamics between silver and gold can be intricate and influenced by various factors. While gold is often seen as a hedge against inflation and economic uncertainty, the performance of silver can diverge from gold due to its dual nature as both a precious metal and an industrial commodity.Looking into the future, it is […]
EURJPY Extends Higher In Bullish Cycle
Image Source: UnsplashEURJPY extends higher and the pair has broken above the previous high on 8.30.2023 at 159.76 suggesting the next leg higher has started. Cycle from 10.3.2023 low is currently in progress as an impulse structure. Up from 10.3.2023 low, wave (i) ended at 158.26. Pullback in wave (ii) ended at 156.5 and wave (iii) rally […]
