Crude Oil Ticks Up Rumors Picking Up On OPEC+ Discussions
Crude Oil ticks up on Wednesday, flirting with a 1% gain on the day. The move comes with several Organization of the Petroleum Exporting Countries and its allies (OPEC+) delegates confirming talks are underway for another delay of plans for its production normalization. The postponement could take months, with even talks of a pushback to the second […]
Does The Market Say No To The Nasdaq For The Start Of December?
Over the last 10 years the Nasdaq has returned an average of -0.90% over the first 2 days of December. The so called ‘turn on the month effect’ does tend to be positive for stocks, but the Nasdaq bucks this trend around the turn of December showing a 70% losing bias over the last 10 […]
XRP Price Stabilizes At $1.30: Can Momentum Build?
XRP price is consolidating near the $1.400 zone. The price must clear the $1.4550 resistance zone to start a fresh increase in the near term. XRP price is struggling to gain pace for a move above the $1.50 level. The price is now trading below $1.450 and the 100-hourly Simple Moving Average. There is a […]
Daily Market Outlook – Wednesday, Nov. 27
Image Source: Pixabay Asian stock markets displayed a mixed performance on Wednesday, mirroring the generally optimistic signals from Wall Street overnight. Investors are exercising caution in anticipation of a key U.S. inflation report, the upcoming Thanksgiving holiday in the U.S., and the ongoing uncertainty regarding Trump’s tariff proposals. The announcement of a U.S.-brokered ceasefire agreement between […]
CAD/CHF Forecast: Loonie Gains Vs. Franc
As we hang around the 0.63 level, we also are sitting just above the crucial 50-day EMA. The market will, more likely than not, continue to pay close attention to the 50-day EMA, as it is crucial for our technical analysis. It’s probably worth noting that the actual resistance barrier from the previous consolidation area […]
EUR/USD Steady Ahead Of Major US Data Releases
Image Source: Pexels EUR/USD remains stable at around 1.0483 as markets digest the implications of the latest FOMC minutes. The Federal Reserve signalled a potential pause in rate cuts if inflation reaccelerates but also indicated readiness to continue easing if economic indicators weaken.Today promises heightened activity for EUR/USD due to a slew of US economic data […]
Leverage And Speculation: Signs Of A Raging Bull Market
In a recent Commentary- MicroStrategy Is A Leveraged ETF In Disguise – we discussed the company’s business model, which revolves almost entirely around highly speculative bitcoin and leverage. To wit:So, what is MicroStrategy? It’s a leveraged Bitcoin fund disguised as a non-profit technology company.Regarding leverage and speculation, we also recently discussed the surging use of options, particularly […]
Elliott Wave Technical Analysis – TASI Index
TASI Index Elliott Wave Analysis Trading Lounge Day ChartTASI Index – Day ChartTASI Index Elliott Wave Technical Analysis Function: Counter Trend Mode: Corrective Structure: Gray Wave 2 Position: Orange Wave 3 Direction (Next Higher Degree): Gray Wave 3 Details: Gray wave 1 is completed, and gray wave 2 remains active, appearing to near its conclusion. Wave Cancel Invalidation Level: 11324.751 Analysis Summary:This analysis evaluates […]
Google Antitrust Fallout: Should GOOGL Holders Be Worried?
Image Source: Pixabay In August, federal judge Amit P. Mehta for the District of Columbia determined that Alphabet’s (Nasdaq: GOOG) Google abused its “default distribution” status. The fact that Google comes preloaded on nearly all devices as a default search engine enabled the company to leverage the number of users and their data into ad revenue.The 286-page […]
Gold Bull Market: Buy Mines Now?
Gold has gained 50% in the past two years, although this is scarcely noticed by some investors. This year it was one of the best asset classes.You may be wondering therefore how gold producers and precious metal miners fared in this favorable environment.The answer: not so well, so far. Over the course of two years, […]
