Elliott Wave Technical Analysis: GBPAUD – Friday, March 8
Mar 08, 2024
Jeremy Parkinson
Finance, No picture
GBPAUD Elliott Wave Analysis Trading Lounge Day Chart, 8 March 24 British Pound/ Australian Dollar (GBPAUD) Day ChartGBPAUD Elliott Wave Technical AnalysisFUNCTION: Counter Trend MODE: Corrective STRUCTURE:Blue wave B POSITION: Black wave 2 DIRECTION NEXT HIGHER DEGREES:blue wave C DETAILS: blue wave B of 2 […]
GBP/USD Price Analysis: Appreciates To Near 1.2810 Followed By December’s High
Mar 08, 2024
Jeremy Parkinson
Finance, No picture
Image Source: Unsplash GBP/USD targets December high at 1.2828 and August high at 1.2841. Technical analysis suggests a confirmation of the bullish trend for the pair. The psychological level of 1.2800 appears as an immediate support level. GBP/USD seems to continue its winning streak that began on March 1, hovering around 1.2810 during the Asian session […]
Biden-Trump: Some Economic Comparisons
Mar 08, 2024
Jeremy Parkinson
Finance, No picture
Image Source: UnsplashGDP, employment, manufacturing, debt, unemployment, etc.Figure 1: GDP in bn.2017$ under Biden relative to first quarter of administration (blue), GDPNow for 3/7 (sky blue square), under Trump (orange). Source: BEA, Atlanta Fed, and author’s calculations.Figure 2: Nonfarm payroll employment under Biden relative to first quarter of administration (blue), under Trump (orange). Source: BLS, and author’s calculations.Figure […]
A Wrap For Powell, But Big Late Trading Day
Mar 07, 2024
Jeremy Parkinson
Finance, No picture
Image Source: UnsplashFollowing a couple days of selling off ahead of critical economic data this week has paid off for those paying attention: for the second session in a row, we’ve gone up on relatively favorable monthly prints. We’re still not at last week’s highs, save for the small-cap Russell 2000, but of the four major […]
Elliott Wave Technical Analysis: UNIUSD – Friday, March 8
Mar 07, 2024
Jeremy Parkinson
Finance, No picture
Image Source: UpsplashElliott Wave Analysis TradingLounge Daily Chart, 8 March 24,Uniswap/ U.S. dollar(UNIUSD)UNIUSD Elliott Wave Technical AnalysisFunction: Follow trendMode: MotiveStructure: ImpulsePosition: Wave ((3))Direction Next higher Degrees: wave I of ImpulseWave Cancel invalid Level: 4.50Details: Wave 3 may be complete watch out for the CorrectiveUniswap/ U.S. dollar(UNIUSD)Trading Strategy:Uniswap is still in its Wave 3 rally, with two […]
Metals Report For Thursday, March 7
Mar 07, 2024
Jeremy Parkinson
Finance, No picture
Image Source: UnsplashIn this video, Ira Epstein reviews the day’s trading in the gold and other relevant metal markets.Video Length: 00:08:48More By This Author: Financial Markets Report For Thursday, March 7Metals Report For Wednesday, March 6SPDR ETF Report For Wednesday, March 6
This Perfect Pullback Could Double Our Profits
Mar 07, 2024
Jeremy Parkinson
Finance, No picture
Image Source: UnsplashOne day left – let’s finish strong!We made another big run higher today, and this *perfect pullback* could easily DOUBLE our profits on Friday!Everyone’s waiting for a pullback right now, but tomorrow’s Non-Farm Payrolls might not make our job easy…But don’t worry, this *perfect pullback* might be all we need to finish the week […]
Nasdaq 100 & S&P 500: Elliott Wave Update For Thursday, March 7
Mar 07, 2024
Jeremy Parkinson
Finance, No picture
Image Source: UnsplashAdjusted the ES labeling – but the Minor 5th wave does remain out of the triangle pattern and a “normal” 5 waves up of minute degree. Wild ride today in both the ES and NQ — but then the markets do remain in a “topping process” and seem to be “blowing off” to finish […]
U.S. Weekly FundFlows Insight Report: Taxable Fixed Income Funds Attract $12.4 Billion, Marking The Eleventh Straight Weekly Inflow
Mar 07, 2024
Jeremy Parkinson
Finance, No picture
Image Source: UnsplashThe data sourced in the article below is derived from Lipper’s Global Fund Flows application. GFF can be found on LSEG Workspace (“FundFlows”).During LSEG Lipper’s fund-flows week that ended March 6, 2024, investors were overall net purchasers of fund assets (including both conventional funds and ETFs) for the third week in four, adding a […]
‘Bull Traps’ Are Still In Play Although Today Registered Gains
Mar 07, 2024
Jeremy Parkinson
Finance, No picture
Image Source: UnsplashToday was a bit of a mixed bag with all recording gains (good), but the Russell 2000 (IWM) finished with a ‘black’ candlestick (close lesss than open price) that leaves bulls pressured and vulnerable to additiona losses.In the case of the Russell 2000 ($IWM), the losses were not huge and selling volume was light […]