Gold Puts Buyers In Profit From The Blue Box
Gold is in an all-time bullish sequence. The commodity continues to hit fresh record highs. It did that multiple times this year after breaking the previous record high of December 2023. As a result, trading Gold has been very straightforward for us. After breaking above the previous record high, we started buying the pullbacks in 3 or […]
The PBoC Kept Interest Rates
Image Source: Pexels The Dow Jones Index (US30) fell by 0.28% on Tuesday. The S&P500 Index (US500) was up 0.40%, and the Nasdaq Technology Index (US100) rose by 0.71%. The escalating Ukraine-Russia war caused a de-risking of stock markets and liquidation of equities. Investors sought safer assets after Ukraine used Western-made missiles to strike Russia, and […]
Daily Market Outlook – Wednesday, Nov. 20
Image Source: Pixabay On Tuesday, global markets were roiled by geopolitical tensions; however, the situation stabilised as the U.S. trading session progressed, resulting in a more optimistic atmosphere in Asia on Wednesday. Although tensions between the United States and Russia regarding Ukraine continue to be a source of concern, the global landscape appears to be relatively […]
Walmart Shares: Great Fundamentals But At A Frothy Price
Walmart’s (WMT) shares opened higher as its earnings report surpassed expectations. EPS and revenues beat expectations. Moreover, the company increased its sales guidance for next year by a full percent.As its latest earnings report reminded us, Walmart is doing very well financially. Furthermore, its share price has surged, reflecting the company’s health. While the price […]
Elliott Wave Technical Analysis – Larsen & Toubro
LARSEN & TOUBRO – LT (1D Chart) Elliott Wave Technical AnalysisFunction: Counter Trend (Intermediate degree, orange)Mode: CorrectiveStructure: Impulse, within larger degree Wave (A)Position: Minor Wave 3 GreyDetails: Minor Wave 3 Grey is now progressing lower against 3930 and it could be extending.Invalidation point: 3930Larsen & Toubro Daily Chart Technical Analysis and potential Elliott Wave Counts:Larsen & Toubro […]
Even Higher Hopes
The S&P 500 is on track for its biggest election-year gain in 88 years. Still, according to the latest Conference Board Consumer Confidence Survey, the share of US consumers expecting stocks to rise further over the next 12 months has doubled over the last year to the highest percentage since this question was first asked […]
Will Gold Soar Or Stumble? Conflicting Forecasts For 2025
Gold prices could average $2,650 per ounce in the second half of 2025, said Commerzbank AG. Goldman Sachs said that global central banks are likely to continue their gold purchases next year. Goldman Sachs forecast gold prices to hit $3,000 per ounce at the end of 2025. After encountering a turbulent last week where prices […]
Three Stories Driving Markets Right Now
Image Source: Pixabay Markets have been trading in tighter ranges this week, trying to figure out where exactly to focus. There have been three big stories in our view. Looking ahead, we get German producer prices, UK inflation reads, the ECB Financial Stability Review, Eurozone construction output, and an ECB Lagarde speech.Video Length: 00:01:30More By This […]
USD/CAD Forecast: US Dollar Looking For Buyers Against Loonie
In my daily analysis of the USD/CAD pair, the market has been all over the place, and the first thing that I think about is that the market is hanging around the 1.40 level, a large, round, psychologically significant figure, and therefore I think it attracts a lot of attention. Keep in mind that the […]
Walmart Streak Suggests It Can Weather Trump Toll
Image Source: Mike Mozart, Flickr As the biggest U.S. retailer, Walmart is a bellwether for the American consumer. As a big importer of Chinese goods, it’s also an indicator of how financial markets are thinking about incoming President Donald Trump’s policies on tariffs. The company’s quarterly results released on Tuesday – and the reaction of shareholders – suggest […]
