Elliott Wave Technical Analysis – Coffee Commodity
Coffee Elliott Wave AnalysisCoffee is returning to the upside after a five-week pullback. In the coming days, the commodity will aim to breach the 275.1 September 2024 high to continue the long-term bullish sequence.This long-term bullish path started in May 2019. It completed the first leg (cycle degree wave w) in February 2022 and then followed the […]
US Inflation Data Comes Into Focus
Image Source: Pixabay The market has been very sensitive to the economic outlook with a new US administration and this continues to drive broad based Dollar demand. Softer data and political uncertainty in Germany have also factored into price action.Video Length: 00:00:50More By This Author:Trump Trade Back In Full Swing Everything According To Plan US Election […]
Pound Sterling Nears Three-Month Low Against USD As Traders Brace For Inflation Data
The Pound Sterling trades with caution near a three-month low of around 1.2750 against the US Dollar as investors brace for US inflation data for October. Market expectations for the Fed to cut interest rates in December have slightly diminished. Investors await BoE Mann’s speech and a slew of Fed speakers for fresh interest rate guidance. […]
Sensex Today Trades Lower; Nifty Above 23,850
Asian markets traded lower on Wednesday tracking overnight losses on Wall Street. Japan’s Nikkei 225 fell 0.5%, while the Topix dropped 0.3%. South Korea’s Kospi declined 1.1%, and the Kosdaq Index fell 1.4%.US stock market indices ended lower on Tuesday amid profit booking, while investors awaited US inflation data.Here’s a table showing how US stocks […]
BTC/USD Forex Signal: Natural Bearish Retracement From All-Time High
My previous BTC/USD signal on 4th November was not triggered, as there was no bullish price action at the support levels which I had identified that day. Today’s BTC/USD Signals Risk 0.50% per trade. Trades must be entered before 5pm Tokyo time Thursday. Long Trade Ideas Long entry after a bullish price action reversal on the H1 […]
Elliott Wave Technical Analysis TASI Index
TASI Index Elliott Wave Analysis Trading Lounge Day Chart TASI Index Elliott Wave Technical Analysis Function: Bullish Trend Mode: Impulsive Structure: Gray wave 3 Position: Orange wave 3 Direction Next Lower Degrees: Gray wave 4 Details: Gray wave 2 is complete. Gray wave 3 is now active. Wave Cancel Invalid Level: 11324.751 The Elliott Wave analysis for the TASI Index daily chart from Trading […]
Inflation Remains Americans’ Biggest Concern: Will It Stay High In Trump’s Second Term?
Image Source: Pixabay Trump’s proposed tariffs and potential Fed influence could drive inflation higher, affecting consumer prices. Deregulation may boost job creation, but rising wages could increase costs for goods and services. Labor shortages from immigration policies could lead to higher food and housing prices. Inflation has been a top concern for Americans, and it was […]
Banks Report Tighter Standards, Weaker Loan Demand But Some Improvement As Financial Conditions Continue To Ease
Image source: PixabayThe last time we looked at the senior loan officer survey (SLOOS) several months ago, we found “tighter standards and weaker demand for commercial and industrial (C&I) loans to firms of all sizes over the third quarter” in addition to tighter standards and less demand for most other loan categories.So fast forward to today when the latest […]
Fed: Why They Will Cut Rates (But Probably Should NOT)
Image Source: PexelsBy most measures, including the recent nonmanufacturing PMI report, the economy was roaring even before the Fed’s Sept. 18 meeting when the FFR was cut by 50 bps. When the Fed cut by 50 bps rather than 25 bps, we immediately concluded that was too much, too soon.The Bond Vigilantes have agreed with our […]
Elliott Wave Technical Analysis: British Pound/U.S. Dollar Forex
Photo by Colin Watts on Unsplash GBPUSD Elliott Wave Analysis Trading Lounge British Pound/U.S. Dollar (GBPUSD) Day ChartGBPUSD Elliott Wave Technical Analysis Function: Bearish Trend Mode: Impulsive Structure: Navy blue wave 1 Position: Gray wave 1 Direction Next Higher Degrees: Navy Blue Wave 2 Details: Navy Blue Wave 1 remains active. Wave Cancel Invalid Level: 1.34351 The Elliott Wave analysis for the GBPUSD daily chart from Trading Lounge highlights […]
