Markets Welcome US Tariff Delay
Image Source: Pexels Headlines around tariffs continue to dominate the market’s attention. On Monday, investors were pleased to hear the news of a one month delay on US tariffs to Canada and Mexico, and the market responded accordingly with stocks rebounding and the US Dollar selling off.Video Length:00:00:50More By This Author:Will The US Take The Foot […]
Metal Markets Report For Monday, Feb 3
Image Source: PixabayIn this video, Ira Epstein reviews the day’s trading in the gold and other relevant metal markets.Video Length: 00:12:16More By This Author:Financial Markets Report For Monday, Feb 3Metal Markets Report For Thursday, Jan 30Financial Markets Report For Thursday, Jan 30
EUR/GBP Seems Vulnerable Near 0.8300, One-Month Low Ahead Of BoE On Thursday
Image Source: Pixabay EUR/GBP remains on the back foot for the third successive day on Tuesday. Concerns about Trump’s trade tariffs and dovish ECB weigh on the Euro. The downside remains cushioned ahead of the BoE meeting on Thursday. The EUR/GBP cross turns lower for the third successive day following an Asian session uptick and currently […]
Trump Tariffs Will Hit Automotive Supply Chains Upfront
Image Source: PexelsTrump tariffs could have a tremendous impact on the automotive sector and it could spread across the world. The US sells many more new cars than it produces and automotive supply chains are among the most internationally integrated. Import levies will therefore quickly lead to higher costs and price pressure. And it could also trigger shifts in […]
Elliott Wave Technical Analysis: Theta Crypto Price News For Tuesday, Feb 4
Image Source: PexelsElliott Wave Analysis TradingLounge Daily ChartTheta/ U.S. dollar(THETAUSD)THETAUSD Elliott Wave Technical Analysis Function: Counter trendMode: CorrectiveStructure: ZigzagPosition: Wave((C))Direction Next higher Degrees: wave E of TriangleWave Cancel invalid Level: Theta/ U.S. dollar(THETAUSD)Trading Strategy:The structure of the ABCDE Triangle is complete, with point E being the latest low, which may end the correction and prepare to enter a new […]
Current Report: Globe Telecom
Image Source: PixabayGlobe Telecom Inc (GTMEY) provides mobile, voice, and broadband services. Its operating segments are Mobile Business, Fixed Line, and Broadband Business.Mobile involves traditional mobile services and contributes the majority of company revenue. Within the mobile division, the majority of subscribers are considered prepaid customers.The other division, fixed-line and broadband, provides fixed-line voice services, corporate […]
Markets React To Softening Trade Tariff Policy
Image Source: PixabayMonday’s trading session resulted in slight negative closes across major indexes, but there’s good news here: whereas the Dow finished the trading day -122 points, it was -400 a half hour before this morning’s open. The S&P 500 ended -45 at the close, but an improvement from the -100 early this morning; the Nasdaq […]
Asian Stocks Rebound After Trump’s Tariff Pause: Nikkei, Hang Seng Surge Up To 2%
Image Source: Pexels Investor sentiment improved after Trump announced a delay in the planned tariffs on Mexico and Canada. The Hang Seng Index rose by 2.9%, marking its biggest daily gain since October 18. By the end of the morning session, the Nikkei 225 was up 1.61%, to 39,140.41. Asian stock markets surged on Tuesday, rebounding […]
The Commodities Feed: Tariffs Delayed
Image Source: Pixabay Energy – No change to OPEC+ output policy The oil market gave back a lot of its gains yesterday after Mexico and Canada came to a deal with the US, which saw a delay in the implementation of tariffs. Both Mexico and Canada agreed to put more resources on their border to combat […]
This Slingshot Reversal Could Be Another Big Payday
Image Source: Pixabay Did you see that closing print this afternoon? The way price “popped” higher into the close tells me this Slingshot Reversal might be an easy winner for us tomorrow!I see (4) clues on the charts tonight, telling me buyers will be “buying dips” tomorrow morning…But we can do better than that…If we’re lucky, […]
