Category Archive: Finance, No picture
Elliott Wave Technical Analysis: S&P/TSX 60 Index
Image Source: Unsplash S&P/TSX 60 Elliott Wave Analysis Trading Lounge Day Chart,S&P/TSX 60 Elliott Wave Technical AnalysisFUNCTION: TrendMODE: impulsiveSTRUCTURE:gray wave 3POSITION: orange wave 3DIRECTION NEXT LOWER DEGREES: gray wave 4DETAILS After gray wave 2, now gray wave 3 of 3 is in play.Wave Cancel invalid level: 1234.78 The S&P/TSX 60 Elliott Wave analysis on the daily chart indicates a […]
US Bitcoin ETFs attract record inflows with new all-time high in sight
US exchange-traded funds (ETFs) that invest directly in Bitcoin (BTC) have seen net inflows for a record-breaking 18 consecutive days, contributing to the alpha crypto’s nudge toward a new all-time high (ATH).According to data compiled by Bloomberg, net subscriptions for the group of nearly a dozen products reached $15.6 billion through Thursday since their launch […]
This Breakout Pullback Could Make Our Entire Week
Image Source: Unsplash Non-Farm Payrolls, let’s do this! We have big news Friday morning, and (2) trading-ranges on the charts tonight…Put those clues together and this Breakout Pullback could make our entire week!I see 2 ranges on the charts tonight, and depending on the news tomorrow morning…One of these Breakout-Pullbacks might be our biggest winner of […]
Gold Trading Strategy For Friday, June 7
Image Source: UnsplashToday you will see GOLD price prediction based on the technical analysis. What is the support and resistance on the daily time frame for XAUUSD.What to expect where the price will breakout for the XAUUSD based on the supply and demand zones.Video Length: 00:02:08More By This Author:Gold Trading Strategy For Thursday, June 6 Gold […]
2 Stocks To Buy After The European Central Bank & Bank Of Canada Cut Rates
Image Source: UnsplashOptimistically, the European Central Bank (ECB) and Bank of Canada (BOC) cut interest rates this week somewhat ensuring large economies may be on the path to easing inflation and beating the U.S. to the punch.Canada is particularly receptive to the idea of a soft landing becoming the most recent G7 nation to reduce borrowing […]
Nvidia Splits 10-to-1; Non-Farm Payrolls On Deck For Friday
Image Source: UnsplashMarket indices took a breather today. Only the Dow closed in the green on a tepid trading day overall, +0.20%, while the S&P 500 finished -0.02%, the Nasdaq down -0.09% and the small-cap Russell 2000 bringing up the rear at -0.70%. Over the last week of trading, only the Russell is in the red. […]
Nasdaq 100 & S&P 500 Elliott Wave Update – Thursday, June 6
Image Source: UnsplashNot much to add to the current analysis. Both the ES and NQ appear to have completed sub-minuet 3rd waves with the potential for the 4th waves also being complete. I review the possibilities of what to expect from here, which include an additional decline to complete the 4th wave. I also review and […]
Asia Morning Bites For Friday, June 7
Image Source: Unsplash Global Macro and Markets Global Markets: For once, investors were focussed on the ECB yesterday in preference to the US Fed, and what they got fit the expectation of a hawkish cut. Here are three takeaways from our European team. 2Y European bond yields were up between 2-4 basis points, and those on […]
AUD/USD Trades With Mild Gains Above 0.6650, All Eyes On US NFP Data
Image Source: Unsplash AUD/USD posts modest gains around 0.6670 in Friday’s early Asian session. The softer US employment data this week triggered the Fed rate cut expectation in September. RBA’s Bullock said the central bank won’t hesitate to hike again if inflation remains sticky. The AUD/USD pair trades with mild gains near 0.6670 on Friday during […]
Taking Stock Of The Retail Sector After The Q1 Earnings Season
Image Source: UnsplashThe market is starting to look ahead to the June-quarter earnings releases that will start coming out around mid-July. But it is useful to discuss some of the notable trends that we saw in the Q1 earnings season and how estimates for the current period (2024 Q2) are evolving.The Retail sector earnings results showed […]
