Rose Resumes Its Rally As Anticipated
Cryptocurrency ROSE with ticker ROSEUSD is moving nicely as expected based on technical analysis and Elliott wave theory.On September 11 we have spotted nice and clean bullish setup formation after it unfoleded a five-wave impulse in 2023, followed by a deep A-B-C corrective setback with strong 78,6% Fibo. support area.ROSEUSD Daily Chart From September 11 2024Later […]
Housing Affordability Brings Market To A Standstill
Housing affordability helps explain why residential real estate transactions have reached a standstill. Over the last five years, housing prices have surged. Per the Case-Shiller 20 City Home Price Index, home prices from 20 of the largest cities have risen between 33% and 80%. Over the same five-year period, mortgage rates jumped from 3.68% to […]
Reducing Government Spending Is Key To Reduce Inflation
Image Source: Pixabay Markets and economists are beginning to recognize that a serious rationalization of spending is the only way to prevent a debt crisis and reduce inflation in the United States. In the latest estimates published by the Treasury, the accumulated deficit between 2024 and 2034 would reach $14 trillion. Considering the path of uncontrolled […]
Brent Oil Faces Pressure Amid Weak Demand And Geopolitical Concerns
Image Source: Pixabay Brent crude oil prices have dropped to 71.41 USD at the beginning of the week, influenced by ongoing concerns over weak demand and geopolitical tensions. The fall in oil prices was somewhat mitigated by significant news from the Middle East, following the end of the Assad family’s five-decade rule in Syria. This political […]
BTC/USD Forecast: Bitcoin Continues To Test 100K
After all, Bitcoin has been in an uptrend for some time, and I do think that the upside is still the correct direction, but you also have to keep in mind that the market has gone a long way to get to this area, so it as have to work off some of that excess […]
Meta Platforms Inc. Stocks Elliott Wave Technical Analysis – Monday, December 9
META Elliott Wave Analysis Trading LoungeMeta Platforms Inc., (META) Daily ChartMETA Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: MotivePOSITION: Minor wave 5.DIRECTION: Upside in 5 of (5).DETAILS: Looking for upside into at least MediumLevel 650$. As wave 3 was as long as wave 1 we could also expect an extended wave 5 of (5) taking us towards the […]
US Dollar Bid Returns After Solid Economic Data
Image Source: Pexels The US Dollar has made a comeback after the latest round of solid economic data out of the US including a slightly better than expected NFP print and above forecast Michigan sentiment read. Odds for a more aggressive Fed rate cut this month have come off the table as a consequence.Video Length: 00:01:10More […]
The NFP Report Increased The Likelihood Of A Fed Rate Cut Next Week
Image Source: Pexels At the end of Friday, the Dow Jones (US30) was down 0.28% (for the week -0.63%). The S&P 500 Index (US500) was up 0.25% (for the week +0.83%). The Nasdaq Technology Index (US100) added 0.92% (up +3.10% for the week). The S&P 500 and Nasdaq indices set new record highs on Friday, helped […]
Gold Forecast: Gold Continues To See Supporters
During my daily analysis of the gold market, the first thing that has caught my attention is that despite the fact that the gold market plunged overnight, there is most certainly quite a bit of support just below as we have seen over the last 2 weeks. In fact, one is interesting to me is […]
WTI Crude Oil’s Seasonal Strength Meets OPEC+ Challenges
WTI Crude Oil demonstrates a compelling seasonal pattern between December and early March, historically yielding an annualized return of +39.26% over the last 25 years. The average gain of +7.85% during this period, coupled with a 72% win rate, highlights the winter season as a favorable window for oil price appreciation. Seasonal demand dynamics, particularly […]
