Category Archive: Finance, No picture
The Commodities Feed: Stronger USD Weighs On The Complex
Image Source: Pexels Crude oil has retreated this week as a stronger US dollar and profit booking at higher prices weighed on sentiment. The natural gas withdrawal season comes to an early end this year with inventory still around 41% above the five-year average. Energy: Oil gives up some of the gainsOil prices softened in the early trading […]
German Ifo Index Improves In March
Image Source: Pexels The March Ifo index suggests that the bottoming out of the German economy is getting broader.Is this a new discovery of optimism? Germany’s most prominent leading indicator, the Ifo index, just pointed to some signs of life and increased to 87.8 in March from 85.7 in February. But before popping the corks, let’s […]
Forex Analysis & Elliott Wave Technical Forecast: British Pound/Australian Dollar
Image Source: Unsplash GBPAUD Elliott Wave Analysis Trading Lounge Day Chart, British Pound/ Australian Dollar(GBPAUD) Day Chart GBPAUD Elliott Wave Technical AnalysisFUNCTION: Counter Trend MODE: Corrective STRUCTURE Blue wave C: POSITION: Black wave 2 […]
Elliott Wave Technical Forecast & Analysis: ASX:REA Group LTD
Image Source: Unsplash Unlocking ASX Trading Success: REA GROUP LTD – REA Stock Analysis & Elliott Wave Technical ForecastASX: REA GROUP LTD – REA Elliott Elliott Wave Technical Analysis TradingLounge (1D Chart)Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with REA GROUP LTD – REA shares. We determined that REA could continue […]
FX Daily: Strong Dollar At The End Of Central Bank Week
Image Source: Unsplash The dollar is enjoying good momentum after a week full of central bank decisions. Strong US data yesterday combined with a couple of dovish surprises from other central banks (Switzerland in particular) to give USD support. However, with the Fed having sounded optimistic about disinflation and rate cuts, we are not sure the dollar rally […]
AUD/JPY Faces Some Selling Pressure Near 99.00 Following Japanese CPI Data
Image Source: Unsplash AUD/JPY attracts some sellers to 98.90 in Friday’s early European session. Japan’s CPI inflation data rose to 2.8% YoY in February from 2.2% in January, which remains above the BoJ’s target. Australia added 116.5K new employees in February, up from 15.3K in January. The AUD/JPY cross faces some selling pressure around the 99.00 […]
After 625 Days, The Longest Yield Curve Inversion In History
Image Source: PexelsToday is a historic day, as last night – DB’s Jim Reid reminds us – we quietly passed the longest continuous US 2s10s inversion in history. After the 2s10s first inverted at the end of March 2022, it has now been continuously inverted for 625 days since July 5th 2022. That exceeds the 624 day inversion […]
Don’t Overlook These Top Retail Stocks After Earnings
Image Source: UnsplashThe retail sector looks poised for a continued rebound with Guess (GES – Free Report) and Signet Jewelers (SIG – Free Report) being the most recent retailers to pass their quarterly earnings expectations on Wednesday.Keeping track of the Zacks Retail and Wholesale sector scorecard 64% of these stocks have surpassed their bottom line expectations this earnings season and now appears […]
Elliott Wave Technical Analysis & Forecast: AAVEUSD
Image Source: Upsplash AAVE/ U.S. dollar(AAVEUSD)AAVEUSD Elliott Wave Technical AnalysisFunction: Counter TrendMode: CorrectiveStructure: ZigzagPosition: Wave CDirection Next higher Degrees: Wave ((2)) of ImpulseWave Cancel invalid Level: 81.238Details: Wave ((2)) maybe is complete and the price increase in wave ((3))AAVE/ U.S. dollar(AAVEUSD)Trading Strategy:Overall AAVE is moving in an uptrend with the Impulse pattern entering its third wave. […]
ASX 200 Falls To Near 7,750, Despite Higher Wall Street Overnight
Image Source: Pexels ASX 200 Index snaps its winning streak, following losses in energy and consumer stocks. The shutdown of South32’s GEMCO led to Jupiter Mines share rallying almost 20% in the last two sessions. Apple’s stock declined by 4.1% following news of a lawsuit from the US Department of Justice for alleged monopolistic practices. The […]
