The Beginning Of The End
Global equities kicked off December positively as most Asian equity benchmarks finished the first trading day of the month with gains of between 0.5% and 1.0%. In China, the 10-year yield fell to a record low just below 2% after the country’s services PMI came in weaker than expected at 50.0 even as the Manufacturing […]
EUR/USD Analysis: Faces Downward Pressure
At the beginning of this week, the US dollar regained its recent losses following Trump’s recent harsh threats and ahead of the start of trading for those who abandon the US dollar. As a result, the EUR/USD currency pair is stabilizing on a downward trend around the support level of 1.0515 after closing last week’s […]
Ethereum Bulls Charge Ahead: $4K Within Grasp
Ethereum price is moving higher above the $3,600 zone. ETH is showing bullish signs and might soon aim for a move above the $3,800 resistance zone. Ethereum started a decent increase from the $3,550 zone. The price is trading above $3,550 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming […]
Elliott Wave Technical Analysis – JPMorgan & Chase Co. – Monday, Dec. 2
JPM Elliott Wave Analysis Trading LoungeJP Morgan & Chase Co., (JPM) Daily ChartJPM Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: MotivePOSITION: Minor wave 5.DIRECTION: Upside in 3 of (5).DETAILS: Looking for upside into wave 5. The conservative view suggests we could have a top in place in wave 5 at 250$. It’s possible we will see an extension in wave […]
Stock Futures Lower After S&P 500 Futures Ticked Down 0.18%
Stock futures are trading slightly lower Monday morning as investors gear up for the final month of 2024. S&P 500 futures slipped 0.18%, alongside declines in Dow Jones Industrial Average futures and Nasdaq 100 futures, which dropped 0.13% and 0.17%, respectively. The market’s focus is shifting to upcoming economic data, particularly reports on manufacturing and […]
Two Trades To Watch: EUR/USD, FTSE Forecast – Monday, Dec. 2
Image Source: Pexels EUR/USD falls amid French political uncertainty French government is on the verge of collapse Eurozone manufacturing PMI contracts further USD rises as Trump threats trade tariffs EUR/USD looks to test 1.05 EUR/USD is falling at the start of the week after strong gains last week as the US dollar rebounds and amid French […]
Czech PMI Weakens But Does Not Flip Into Panic Mode
Image source: Pixabay The manufacturing PMI dropped deeper into the contractionary zone in November, coming in below market expectations. The weakness in output and confidence reflected infirm foreign demand. At the same time, the reduction in jobs slowed substantially, providing some hope that the industrial malaise may be coming to an end. Industrial output drops, but […]
USD/JPY Forecast: Tests Key Support
The US dollar has plunged against the Japanese yen during the trading session on Friday to dip below the 150 yen level. But this is an area that I think will continue to be crucial, so it’ll be interesting to see how this plays out. I like the idea of buying on a dip that […]
French Government On Precipice, Presses Euro Lower
Image Source: Pixabay Overview: The US dollar is beginning the new week and month on a firm note. It is rising against all the G10 currencies and nearly all the emerging market currencies. US-President-elect Trump’s threat to BRICS if they abandon the dollar is symbolic than substantive, as we have argued, despite the occasional claim to the […]
New Intraday High On Russell 2000 Last Week
Small-cap bulls had to wait three long years to see a new high on the Russell 2000, but they failed to hang on to the gains last week. They have achieved this feat at a time when 2024 earnings are set to drop from last year’s and when bullish sentiment is building but not extreme […]
