Category Archive: Finance, No picture
GBPUSD At A Crossroads: Downtrend Pausing Or Reversal Brewing?
Image Source: UnsplashGBPUSD has reached a critical juncture, facing a key resistance level. This analysis examines the technical situation and explores potential scenarios for the currency pair.Resistance Test for GBPUSD: Falling Trend Line in Focus: GBPUSD is currently facing resistance from the falling trend line on its 4-hour chart. This trend line has been acting as a significant hurdle […]
Gold Rises, Even With Bad News
This week Peter recaps another stellar week for precious metal. He also discusses Friday’s jobs report, commodity prices, and Bitcoin.Peter starts by putting this week’s surge into context: “There’s an old Wall Street saying: ‘nobody rings a bell,’ meaning that nobody warns you when you’re at a major top or a major bottom. The problem […]
The Commodities Feed: Another Record For Gold
Image Source: UnsplashEnergy – Brent holds near $90Oil prices came under pressure yesterday with ICE Brent settling almost 0.9% lower on the day. However, the market managed to recoup some of the earlier weakness seen in the trading session and settle above US$90/bbl. While Israel pulling out some troops from Gaza may have contributed to the […]
This Fakeout Breakout Could Double Our Profits On Tuesday
Image Source: UnsplashBack to work, let’s make some money!Markets are choppy and range-bound right now…I love range-bound markets, and these (2) easy clues tell me exactly where to find the winning trades tomorrow! E-Mini S&P (ES): Emini is bullish into a range and buyers will be looking for bear traps to buy support levels below the […]
Current Analysis: Elekta AB
Image Source: UnsplashTM Editors’ note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence. […]
WTI Gains Momentum Above $86.00 Amid Ongoing Middle East Geopolitical Tensions, Weaker US Dollar
Image Source: Unsplash WTI prices gain momentum near $86.00 on Tuesday. The ongoing Middle East tensions, a key region for oil production, might boost WTI prices. The expectation that the Fed might delay interest rate cuts this year drags black gold lower. Western Texas Intermediate (WTI), the US crude oil benchmark, is trading around $86.25 on Tuesday. The […]
AUD/USD Hovers Near 0.6600 As Markets Await Aussie’s Business, Consumer Confidence Data
Image Source: Unsplash AUD/USD up due to better sentiment, USD dip amid mixed Wall Street results. US inflation steady; Fed’s positive economy outlook influences currencies. US inflation, Australian consumer confidence data critical for economic assessment. The Australian Dollar posted solid gains on Monday, rising 0.42% against the US Dollar amid an improvement in risk appetite and a light […]
Stocks Stall On April 8, 2024, As Reversal Patterns Take Hold
Image Source: UnsplashIt was a dull day for stocks, with the S&P 500 finishing the day slightly lower while rates rose and the dollar sank. There isn’t much to take away from today except that the VIX and the shorter duration measures of volatility were down, too. You rarely see the VIX down and the S&P […]
Top Research Reports For SAP, Verizon Communications & Lowe’s
Image Source: UnsplashThe Zacks Research Daily presents the best research output of our analyst team. Today’s Research Daily features new research reports on 16 major stocks, including SAP SE (SAP), Verizon Communications Inc. (VZ) and Lowe’s Companies, Inc. (LOW). These research reports have been hand-picked from the roughly 70 reports published by our analyst team today. […]
Nasdaq 100 & S&P 500: Elliott Wave Update For Monday, April 8
Image Source: UnsplashToday’s update I’m taking a deep dive into the Minor 5th waves in both the NQ and ES. It has been a very difficult Elliott count to put together and remain consistent with the larger picture — That has not changed. I continue to look for the complete of the larger Primary B wave […]
