OPEC+ May Extend Output Cuts To Prevent Oil Glut: UBS
The Organization of the Petroleum Exporting Countries and allies are expected to extend its voluntary production cuts beyond December, analysts at UBS were quoted in a report by Reuters. This comes ahead of the cartel’s December 1 ministerial meeting where the group will decide output policy going forward. There have been concerns that crude oil prices may […]
S&P 500 Weekly Action Areas & Price Objectives – Monday, Nov. 25
Image Source: Pixabay In this update, we review the recent price action in the emini SP500 futures contract and identify high-probability action areas and price objectives for the trading week ahead.Video Length: 00:09:21More By This Author:Daily Market Outlook – Monday, Nov. 25FTSE Bid On Downbeat Data As Traders Bet On BoE Rate CutsDaily Market Outlook – […]
Positive Start To A Short Week
Image Source: Pexels Investors have a lot to be thankful for this year, and a holiday-shortened week after what has been an eventful year so far is no doubt one of them. The economic and earnings calendars are relatively light this week, but Tuesday will be a relatively busy week for earnings, while Wednesday will be […]
Markets Do Cartwheels In Response To Traditional Pick For US Treasury Secretary
Image Source: Pixabay Overview: The selection of Scott Bessent, the hedge fund manager as the next US Treasury Secretary was greeted euphorically in the capital markets: one of their own and, arguably, like many of new economics team could have been picked in any Republican administration. Risk appetites have been animated. Still, we suspect market positioning may […]
Elliott Wave Technical Analysis: Tesla Inc. – Monday, Nov. 25
TSLA Elliott Wave Analysis Trading LoungeTesla Inc., (TSLA) Daily ChartTSLA Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: MotivePOSITION: Minor wave 3.DIRECTION: Upside in 3 of (1).DETAILS: Looking for upside thrust after the completion of the long lasting triangle in primary wave 4. Looking for upside towards Medium level at 400$.Tesla Inc., (TSLA) 1H ChartTSLA Elliott Wave Technical AnalysisFUNCTION: […]
Gold Drops On Bessent Appointment But Bears Face Lots Of Hurdles
Image Source: Pixabay The big news in the markets has been the appointment of Scott Bessent for US Treasury Secretary by president-elect Donald Trump. Apparently, he is a measured choice, who is seen providing more stability into the US economy and financial markets than some of the other candidates that were under consideration. As a result, […]
The Secret To Stable, High-Yield Monthly Income
I don’t look at fixed income based exclusively on Wall Street expectations. The news media and large investment firms like to play the interest rate game, investing based on where they think interest rates will go. I prefer using fixed-income investments to generate stable, high-yield cash income streams.Recently, one of my favorite income ETFs sent […]
USD/CHF Price Prediction: Pulling Back Within An Uptrend
USD/CHF is correcting back within an established uptrend. This is likely just a correction of the dominant trend with a resumption higher to follow. USD/CHF is pulling back within an established short and medium-term uptrend. At the moment the pullback looks corrective in nature and this suggests bulls will eventually push price higher again. Given […]
Two Trades To Watch: EUR/USD, Oil Forecast – Monday, Nov. 25
Image Source: Pixabay EUR/USD recovers from a 2-year low but gains could be limited German IFO business climate deteriorates in November USD eases after Trump’s Treasury Secretary nomination EUR/USD rises towards 1.05 EUR/USD is recovering from its 2-year low reached last week as the market digests the latest German Ifo survey and Trump’s likely nomination for […]
Strong Start To The Quarter For Polish Industry
Image Source: Pexels Despite challenging conditions in Europe, the start of the fourth quarter has been very promising for the Polish industry. Production rebounded in October, both on a seasonally adjusted monthly basis and in annual terms.Poland’s industrial production increased by 4.7% year-on-year in October, surpassing both the consensus and our expectations (ING: 3.0% YoY, consensus: […]
