Image Source: Pexels  Overview: The US dollar has begun the new week consolidating in a mixed fashion against the G10 currencies. Bank of Japan Governor Ueda remains circumspect and did not provide guidance about next month’s central bank meeting. Without positive guidance, the market sold the yen, but the swaps market shows about 13 bp of tightening […]

DOW JONES – DJI Elliott Wave Technical AnalysisKey Details: Function: Counter Trend Mode: Corrective Structure: Gray wave 2 Position: Orange wave 3 Direction Next Higher Degrees: Gray wave 3 Details: Gray wave 1 appears complete; gray wave 2 is now active. Wave Cancel Invalidation Level: 41,608.42   Detailed Analysis:The DOW JONES daily chart from Trading Lounge identifies a counter-trend corrective phase within the Elliott Wave framework. The analysis suggests […]

Palantir (US Stock)The stock has nearly quadrupled this year. Closing at record $65, push the market cap to $150 billion.Palantir has announced to move its listing to the Nasdaq on November 26.Board member Alexander Moore hints this shift could force billions in ETF purchases. PLTR (Daily). Over the past 9 trading days, the stock has […]

The US dollar has gapped to the downside during the early hours on Friday, only to turn around and rally, before giving up those gains again. With that being the case, the market is likely to continue to see a lot of volatility and choppiness but having said that we also have to keep in […]

At the last FOMC meeting, Jerome Powell was asked if they were concerned that inflation expectations are “de-anchoring, or put another way, are anchoring at a slightly higher level?” His answer specifically referenced the 5×5 forward inflation expected rate. He could have used many data points to answer the question. However, the fact that he […]