Elliott Wave Technical Analysis: Australian Dollar/Japanese Yen – Friday, Nov. 15
Australian Dollar / Japanese Yen (AUDJPY) – Day Chart AnalysisAUDJPY Elliott Wave Technical Analysis Function: Bearish Trend Mode: Impulsive Structure: Orange Wave 1 Position: Navy Blue Wave 3 Next Higher Degree Direction: Orange Wave 2 Analysis SummaryThe AUDJPY Elliott Wave analysis on the daily chart indicates a bearish trend for the Australian Dollar against the Japanese Yen. The downward momentum aligns […]
The Dollar Index Strengthened On Powell’s Comments
Image source: Pixabay The Dow Jones (US30) decreased by 0.47% on Thursday. The S&P 500 Index (US500) was down 0.60%. The NasdaqTechnology Index (US100) lost 0.66%. On Thursday, Fed Chairman Powell clarified that there was no need for an immediate rate cut, citing the economy’s strength, a robust labor market, and stable inflation. Powell’s comments echoed his […]
2% CPI Is Here
2% CPI is a headline you won’t find in today’s Wall Street Journal. The reason is that official inflation gauges, such as CPI, are in the mid to upper 2% range. Last Wednesday, for instance, the year-over-year CPI rate clocked in at 2.6%. We claim inflation is at 2% because we know that 40% of […]
Has The Trump Trade Run Its Course?
Image Source: Pixabay The Trump trade continues to fuel Dollar demand, all while the latest comments from the Fed Chair have only added to this demand. On Thursday, the Fed Chair said the resilient US economy was allowing for patience on future rate cuts.Video Length: 00:01:25More By This Author:Buck Still In The Driver’s Seat Market Having […]
Nvidia Stock Has 25% Upside
Nvidia’s stock has surged to unprecedented heights, and Melius Research suggests the momentum isn’t over. A recent note by Ben Reitzes, managing director at Melius, raised Nvidia’s price target to $185, suggesting a potential 26% increase from its current level. Reitzes likens Nvidia’s trajectory to Apple’s groundbreaking iPhone launch, suggesting that selling now could be a mistake, […]
USD/CAD Forecast: US Dollar Continues To Power Higher Against Loonie
During my daily analysis of the USD/CAD pair, I have seen a lot of upward pressure, and we are now well above the crucial 1.40 level, an area that has been important multiple times over the years. By doing so, it looks like the market is ready to continue to go much higher, but I […]
GLW: Ignore The Latest EU Kerfuffle And Buy The Glass Supplier
Image Source: PixabayStocks jumped after Trump’s election, with the S&P 500 and Nasdaq Composite hitting record levels. Investors expect lower taxes and deregulation, but higher inflation and interest rates. Meanwhile, I want to talk about Corning Inc. (GLW) and a recent European regulatory issue.Many investors, including me, thought the presidential race would be much closer and the process […]
Metal Markets Report For Thursday, Nov 14
Image Source: PixabayIn this video, Ira Epstein reviews the day’s trading in the gold and other relevant metal markets.Video Length: 00:09:45More By This Author:Financial Markets Report For Thursday, Nov 14Financial Markets Report For Wednesday, Nov 13SPDR ETF Report For Tuesday, Nov 12
Gold Trading Strategy, XAUUSD Analysis & Forecast – Friday, Nov 15
Image Source: PixabayToday you will see Gold price prediction based on the technical analysis. What is the support and resistance on the daily time frame for XAUUSD? What to expect where the price will breakout for the XAUUSD based on the supply and demand zones.Video Length: 00:04:54More By This Author:Gold Trading Strategy, XAUUSD Analysis & Forecast […]
Elliott Wave Technical Analysis: XRP Ripple Crypto Price News For Friday, Nov 15
Image Source: Pexels Elliott Wave Analysis TradingLounge Daily ChartXRP/ U.S. dollar(XRPUSD)XRPUSD Elliott Wave Technical AnalysisFunction: Follow TrendMode: MotiveStructure: ImpulsePosition: Wave IIIDirection Next higher Degrees: wave III of ImpulseWave Cancel invalid level:Details: Five-wave rise of wave III. XRP/ U.S. dollar(XRPUSD)Trading Strategy: The correction in wave II seems to be over so we focus on the five-wave rally of […]
