Trump’s Tariff Talks Wobble Forex Market, Close Neighbors Suffer Most
Image Source: Pixabay Overview: Some market pundits were debating about a possible grand deal between the US and China. In exchange for a lighter tariff regime, Beijing would accept yuan appreciation. As far-fetched as such scenario may be, it was predicated on ideas that people like the Bessent, the Treasury Secretary-nominee, was pragmatic. Trump’s comments hit in […]
BBY & DKS: A Tale Of Two Retailers
Two well known national chain retailers – Best Buy (BBY) and Dick’s Sporting Goods (DKS) – both reported earnings Tuesday morning. BBY shares are off 7% in reaction to their report while DKS is up 8% in reaction to its – continuing a trend of outperformance for the latter and underperformance for the former over […]
Elliott Wave Technical Analysis – Fortinet Inc.
FTNT Elliott Wave Analysis Trading LoungeFortinet Inc., (FTNT) Daily ChartFTNT Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: MotivePOSITION: Wave (3).DIRECTION: Upside within wave (3).DETAILS: Looking for Intermediate wave (3) to unfold as we have approached TradingLevel1 at 100$. As equality of (3) vs. (1) has been met at 91$, the next target would be 1.618 at 125$.Fortinet Inc., […]
USD/CAD Spikes Above Multi-Year Range After Trump’s 25% Tariff Threat
Photo by Michelle Spollen on Unsplash USD/CAD rallies sharply following comments from President-elect Trump that he will blast his neighbors with tariffs. Trump threatened to add 25% on foreign imports from Canada on the social media site Truth Social. The Canadian Dollar could draw strength from green shoots in the economy, limiting upside for the pair. USD/CAD […]
GBP/USD Forecast: Testing Major Support
If the GBP/USD market were to bounce from here again, then we could see a move to the 1.27 level, which is an area where we had bounced from and then came back below it, only to bounce back to the downside once we reached it again. In other words, there should be a lot of market […]
Gold Analysis: Returning To A Downward Channel
For the second day in a row, gold prices are subject to selling operations, stabilizing around $2,604 per ounce at the time of writing the analysis. Yesterday, gold prices were higher around the resistance level of $2,721 per ounce, which means that the price of gold bullion lost more than $100 in less than 48 […]
The 3-3-3 Rule
Donald Trump nominated seasoned hedge fund manager Scott Bessent as the next Treasury Secretary. While the Treasury Secretary has many responsibilities, debt management is one of the most important. Therefore, given the recent scrutiny the bond market has been paying to high deficits and associated debt, Scott Bessent appears to be a timely appointment. Bessent […]
Speculative Mania In Markets
Image Source: Pixabay Speculation driving financial bubbles in markets.Video Length: 00:13:59More By This Author:Dollar Breaks OutManufacturing ResurgenceRising Dollar Blows Bubbles
Trump Plans To Raise Tariffs By 10% On Goods From China And 25% On Goods From Mexico And Canada
Image source: Pixabay At Monday’s close, the Dow Jones Index (US30) increased by 0.99%. The S&P 500 Index (US500) was up 0.30%. The Nasdaq Technology Index (US100) was up 0.14%. The Dow Jones Industrials set a new all-time high, and the Nasdaq 100 set a weekly high. Stocks rose on Monday amid optimism that President-elect Trump […]
Elliott Wave Technical Analysis Hang Seng Index
Hang Seng Index Elliott Wave Analysis – Trading Lounge Day ChartHang Seng Index Elliott Wave Technical Analysis Function: Counter Trend Mode: Corrective Structure: Gray Wave 2 Position: Orange Wave 3 Direction of Next Higher Degrees: Gray Wave 3 DetailsGray wave 1 appears to be complete, and gray wave 2 is currently in progress. Wave Cancel Invalid Level: 16,449.94 This analysis evaluates the Hang Seng […]
