Will NFP Increase The Case For A December Fed Rate Cut
The US labor market shows signs of broader weakness beyond temporary factors like strikes and hurricanes. October’s non-farm payrolls missed expectations according to ING, with state data revealing 29 states saw job declines, signaling a broader slowdown. So, it is unlikely that the hurricane and strikes from Boeing impacted all 29 states. Adjusting for temporary disruptions, “true” payroll […]
Elliott Wave Technical Analysis – Nikkei 225 – Tuesday, Dec. 3
NIKKEI 225 (N225) Elliott Wave Analysis Trading Lounge Day ChartNIKKEI 225 (N225) Elliott Wave Technical Analysis Function: Bullish Trend Mode: Impulsive Structure: Orange Wave 1 Position: Navy Blue Wave 3 Direction Next Lower Degrees: Orange Wave 2 DetailsThe NIKKEI 225 daily chart reflects an Elliott Wave analysis indicating a bullish trend. The current wave structure is classified as orange wave 1, which is […]
Sensex Today Trades Marginally Higher; Nifty Above 24,250
Asian equities rose to follow the positive lead from Wall Street where a rally in the world’s largest technology companies drove stocks to fresh all-time highs.Equity benchmarks opened higher in both Japan and South Korea, with Australian shares also recording gains.The US stock market opened mixed on Monday, with two main indices gaining.Here’s a table […]
ETH/USD Forecast: Ethereum Continues To Consolidate After A Break Higher
During my daily analysis of the cryptocurrency markets, the Ethereum market has caught my attention, because we initially did try to rally, only to give back gains and drop to the $3600 level. This is an area that’s been important multiple times, and it is an area that I have mentioned a few times here […]
Oil Struggles To Break Out; Prices Expected To Trade In A Narrow Range Ahead Of OPEC Meeting
Image Source: Pixabay Oil prices gained on Tuesday, but traded in a narrow range ahead of the OPEC+ meeting on Thursday. OPEC+ may have to extend voluntary production cuts till the end of March next year, Commerzbank said. Investors will monitor key economic data from the US for further cues on Fed’s interest rate cut […]
Elliott Wave Technical Analysis – Euro/U.S. Dollar
Euro/U.S. Dollar (EURUSD) Day ChartEURUSD Elliott Wave Technical Analysis Function: Bearish Trend Mode: Impulsive Structure: Orange Wave 3 Position: Navy Blue Wave 3 Direction Next Higher Degrees: Orange Wave 4 DetailsThe EURUSD daily chart demonstrates an Elliott Wave analysis, identifying a bearish trend in progress. The current wave structure is categorized as orange wave 3, forming part of a broader impulsive […]
Metal Markets Report For Monday, Dec 2
Image Source: PixabayIn this video, Ira Epstein reviews the day’s trading in the gold and other relevant metal markets.Video Length: 00:10:43More By This Author:SPDR ETF Report For Monday, Dec 2Financial Markets Report For Monday, Dec 2Metal Markets Report For Wednesday, Nov 27
XAG/USD Remains Capped Below $31.00, Further Consolidation Cannot Be Ruled Out
Image Source: Pixabay Silver price climbs to around $30.90 in Tuesday’s early European session, up 1.24% on the day. Silver crosses above the 100-day EMA, but further consolidation cannot be ruled out with the neutral RSI indicator. The first upside barrier is located at $31.68; the initial support level is seen at $30.50. The Silver price (XAG/USD) gains […]
Drunk On Ripple
Image by WorldSpectrum from PixabayAs if you needed any more evidence of market insanity, take a moment to look at Ripple (XRP-X), the cryptocurrency that, like Doge (DOGE-X), was created just as a joke, but has become a financial giant. It has gone up about 400% in just the past month based on………….nothing. Nothing except popularity. It’s sort of like how some famous people are famous because […]
Gold Fluctuates Amid Dollar Strength: What’s Next For Prices?
Image Source: Pixabay Gold prices were steady on Tuesday even as the market awaited the release of key US economic data. The ADP employment report and non-farm payrolls data later this week will lend cues to gold prices. Experts believe gold prices will be volatile in the lead up to the US Fed policy meeting later […]
