Powell Sees A “More Cautious Fed” Ahead Of The November Employment Report
The continued grind higher in the stock market has landed relative strength index (RSI) levels for both the S&P 500 and the Nasdaq Composite in overbought territory as they hit fresh record highs. Meanwhile, the Dow Jones Industrial Average, which isn’t our favorite stock market benchmark because it is comprised of just 30 stocks, crossed […]
US Dollar Edges Lower Ahead Of Jobless Claims, Trade Data
Image Source: Pexels The US Dollar takes a step back with markets in a holding pattern towards Friday’s key NFP release. Fed Chairman Jerome Powell issued a warning on the US debt’s unsustainable path. The US Dollar Index (DXY) fails to close above the pivotal 106.50 level. The US Dollar (USD) trades marginally softer on […]
Elliott Wave Technical Analysis – PayPal Holdings Inc.
PYPL Elliott Wave Analysis Trading LoungePayPal Holdings Inc., (PYPL) Daily ChartPYPL Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: MotivePOSITION: Wave {v} of C.DIRECTION: Upside into wave {v}.DETAILS: Looking for a potential ending diagonal in wave {v} as we approach 90$. We have passed equality of potential C vs. A which also makes us think we could be in a wave […]
Momentum, Large-Cap Growth Set To Top Factors Returns In 2024
The winners keep on winning. That sums up the horse race for much of this year based on a set of ETFs targeting the main US equity factor risk premiums. Going in to the home stretch for 2024, the momentum and large-cap growth factors continue to post a commanding lead over the rest of the […]
Fall Of French Government Does Not Roil The Markets
Image Source: Pixabay Overview: The US dollar is mostly softer today. The only G10 currency that has not gained on it today is the Swedish krona, which is nursing minor losses. Still, the tone is one of consolidation and this may persist through the North American session, ahead of tomorrow US employment report. The median forecast in […]
Bitcoin Price Hits Historic $104,000: Key Factors Fueling The Surge
Bitcoin has shattered previous records, soaring past the $100,000 milestone for the first time ever to reach an all-time high of $104,088 late Wednesday in New York. The flagship cryptocurrency had dipped to $94,587 on Wednesday but staged a remarkable comeback. Several key factors contributed to this unprecedented surge: #1 Fed Chair Powell Compares Bitcoin To […]
Gold Analysis: Will It Continue To Rise?
Gold prices have remained relatively unchanged following Federal Reserve Chairman Jerome Powell’s comments suggesting that the US economy remains resilient. As expected, the gold price index has been trading within a narrow range, awaiting the release of US non-farm payroll data on Friday. Gold prices today are stable around $2,655 per ounce at the time […]
GBP/USD Analysis: Performance Portends A Strong Move Ahead
For two consecutive trading sessions, the GBP/USD currency pair has been attempting to rebound upwards, but its gains have not exceeded the resistance level of 1.2722 before settling around 1.2695 at the time of writing this analysis. The GBP/USD currency pair gained strong momentum from the decline in the dollar following the announcement of an […]
Elliott Wave Technical Analysis – Silver
Silver Elliott Wave AnalysisSince mid-November, Silver has been on a rebound with a reduced momentum. The sluggishness of the rally could mean that the pressure from 23 October will continue lower toward $28. However, the pullback from 23 October ends above the 26.45 pivot, and the larger bullish sequence from January 2024 should continue.Daily Chart AnalysisOn the […]
It Is The Last Month Of 2024
In our analyses, we regularly examine current movements, identify possible influencing factors and assess the general market situation. However, these are not recommendations, but merely opinions and food for thought.We are in the last month of 2024 and it is clear that many investors have already significantly reduced their activities. The US labor market data […]
