Category Archive: Finance, No picture
Daily Market Outlook – Thursday, April 4
Image Source: Unsplash Asian stock markets are mostly trading higher on Thursday, following the positive cues from global markets overnight. This comes as traders react to the latest remarks from US Fed officials, which have helped to alleviate concerns about the outlook for interest rates. Fed Chair Jerome Powell reiterated during remarks at Stanford University that […]
FX Daily: Dollar Steps Back From The Brink
Image Source: Unsplash Just when it looked like the dollar was going to push ahead, a soft prices paid component of the US March ISM services release dragged the dollar lower yesterday. With Chinese markets shut and little US data today, expect a holding pattern in FX markets ahead of tomorrow’s jobs data. We will also […]
EUR/JPY Price Analysis: Resumes Its Bullish Bias Near 164.50 Amid The Overbought Condition
Image Source: Unsplash EUR/JPY extends its recovery to 164.50 in Thursday’s early European session. The cross resumes its bullish outlook with the overbought RSI condition. The first upside barrier will emerge at 164.70; initial support level is located at the 164.00 round mark. The EUR/JPY cross trades on a stronger note for the third consecutive day […]
Gold Price Stands Tall Near Record High, Around $2,300 Amid Geopolitical Risks
Image Source: Unsplash Gold price climbs to a fresh all-time peak amid geopolitical risks and a softer USD. The uncertainty over the Fed’s rate-cut path drags the USD to a one-week trough. Extremely overbought RSI on the daily chart warrants caution for bullish traders. Gold prices (XAU/USD) touched a fresh record high, around the $2,300 mark, during […]
Stocks Stall On April 3, 2024, As Copper And Oil Break Out
Image Source: UnsplashStocks finished the day flat after a hot ADP report sent rates higher, and a cool ISM report sent rates back to flat. That left stocks moving sideways after a brief move higher in the midday and a decline into the close. So, if you are counting, the S&P 500 finished the day below […]
WTI Stands Tall Near Multi-Month Peak, Just Above $85.00/Barrel Mark
Image Source: Unsplash WTI is seen consolidating its recent strong move to over a five-month peak. Worries about supply disruptions and tight global supply lend some support. Signs of improving demand should further contribute to limiting the downside. West Texas Intermediate (WTI) US Crude Oil prices enter a bullish consolidation phase during the Asian session on Thursday […]
Markets Coming To Terms With Limited Rate Cuts In 2024
Image Source: PexelsMarket indices scraped by for the most part today, digging out of negative territory at the opening bell to slightly in the green — aside from the blue-chip Dow index, which dipped another -43 points , -0.11% — by the close. The S&P 500 reversed the Dow’s day, +0.11%, while the Nasdaq and Russell […]
This Slingshot Reversal Could Be Our Biggest Win Of This Week
Image Source: UnsplashWow, charts look beautiful tonight!We’re bullish into a range and sellers just tried TWICE to retest this afternoon’s low…Situations like these are ripe for a Slingshot Reversal – here’s my plan to trade it on Thursday! E-Mini S&P (ES): Emini is bullish into a range and buyers will be looking to complete their pendulum-swing […]
Elliott Wave 2024 Outlook: Strategic Forecasts For S&P 500 And Leading Indices
Image Source: UnsplashStock Market Report S&P 500, NASDAQ 100, RUSSELL 2000, DAX 40, FTSE 100, ASX 200. Elliott Wave Technical AnalysisElliott Wave Analysis Indices: Jobless claims next session, could spike the Indices lower, however if that was the case then the Indices bullish pattern would be over, now that said, the current low for Indices can […]
Chart Of The Day: Lowered Expectations
Image Source: PexelsSomeone emailed me the other day asking about my “muddle through” prediction of the last few years. They were pushing back on this idea that the US economy is just muddling along. I actually love conversations like this because they make me question my own views and consider countering positions. I’ve mentioned in the […]
