Category Archive: Finance, No picture
Chart Of The Day: Elanco Animal Health- Big Money In Animal Pharma
The Chart of the Day belongs to the animal pharmaceutical company Elanco Animal Health (ELAN). I found the stock by using Barchart’s powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum and having a Trend Seeker buy signal then used the Flipchart feature to review the charts for […]
Texas GOP Moves To Support Gold
Image Source: DeposiPhotosThis March, Republican primary voters in Texas won’t just be choosing which candidates to represent their party in November – they will also be voting on a series of ballot propositions that while not legally binding offer a way for voters to guide their leaders.Here’s why what is happening in Texas matters and what it […]
Japan’s Stock Market Is Set To Take Off This Year, Here’s Why
Image Source: Unsplash Japanese stock market indices rose to the highest level since 1990.Japanese stocks are continuing their stellar 2023 performance, with key benchmark indices surging to the highest level in more than 30 years on Tuesday. The rally is driven by many factors, including easing inflation, weakening yen, and more resilient corporate earnings. Japan’s Benchmark […]
Elliott Wave Technical Analysis Day Chart: Euro/U.S. Dollar – Wednesday, Jan. 10
Image Source: Unsplash EURUSD Elliott Wave Analysis Trading Lounge Day Chart, 10 January 2024Euro/U.S. Dollar(EURUSD) Day ChartEURUSD Elliott Wave Technical AnalysisFunction: TrendMode: Corrective Structure: likely Zigzag in black wave 2Position: Red wave 3Direction Next Higher Degrees: black wave 3 Details: blue wave 5 of 1 completed at 1.11403. Now black wave 2 is in play. Wave […]
European Stock: Renault SA
Company: Renault SABloomberg ticker: RNO FPMarket cap: US$11,070mBackground: Renault S.A. designs, manufactures, markets, and repairs passenger cars and light commercial vehicles. The Company provides financing solutions including credit for new and used vehicles. World Class Benchmarking of Renault SA Profitable Growth rank of 6 was up compared to the prior period’s 8th rank This is below average performance compared to […]
Rates Spark: The Side Effect Of Weighing The Scenarios
Image Source: Pixabay 10Y Bunds got pushed back to 2.2% but still struggled to move past that hurdle despite a heavy supply slate. The same goes for the 10Y UST at 4% ahead of tomorrow’s potentially more market-moving US CPI data. Meanwhile, markets accounting for tail risk scenarios in their pricing can imply too loose financial conditions – tempting central […]
Top 3 Technical Analysis Errors On Silver
Photo by Pierre Bamin on Unsplash There is no cup and handle pattern in Silver (although there is super bullish potential if it approaches $50), nor is there a bull flag and we have to stop drawing diagonal resistance from the 2011 peak.Video Length: 00:10:45More By This Author:Gold Makes New Yearly, Quarterly, Monthly Closing Highs […]
Inflation In Australia Continues To Decline. The World Bank Forecasts A Contraction In Growth
Image Source: DepositPhotosAt the close of the stock market yesterday, the Dow Jones Index (US30) decreased by 0.42%, while the S&P 500 Index (US500) was down by 0.15% on Tuesday. The NASDAQ Technology Index (US100) closed positive by 0.09%.Lower expectations for a Fed interest rate cut in March weighed on equities as swap markets show that the probability of a 25 bps […]
Start Of Something Big Or Just A Temporary Pause?
Image Source: Unsplash Watch the video extracted from the WLGC session before the market open on 9 Jan 2024 below to find out the following: How the change of character bar signals potential shifts in market dynamics Identify and interpret shortening thrusts to spot a potential reversal Judge the market health by the magnitude of pullbacks, supply levels, and […]
USD/CAD Price Analysis: Dollar Stays Firm On Eve Of Inflation Data
Wednesday’s USD/CAD price analysis painted a bullish picture, with the dollar holding its ground in a cautious trading environment ahead of crucial US inflation data. The anticipation of these inflation figures adds an extra layer of anxiety, as they can sway the direction of Federal Reserve policy.Notably, the dollar has risen by 1% this month, […]
