BTC/USD Forecast: Can Bitcoin Break Out?
Bitcoin has rallied a bit during the trading session on Thursday as we continue to see upward momentum, but we also at the same time continue to see a little bit of hesitation as we get closer toward the $108,000 level. In other words, I think you have a situation where the market just isn’t […]
Elliott Wave Technical Analysis: S&P/TSX 60 Index – Friday, Jan. 31
S&P/TSX 60 Elliott Wave Analysis – Day ChartS&P/TSX 60 Elliott Wave Technical AnalysisTechnical Overview Function: Trend Mode: Impulsive Structure: Orange Wave 5 Position: Navy Blue Wave 3 Direction Next Lower Degrees: Navy Blue Wave 4 Details: Orange Wave 4 appears completed. Orange Wave 5 is currently developing. Wave cancellation invalid level: 1,463.86 S&P/TSX 60 Elliott Wave Analysis OverviewThe S&P/TSX 60 Elliott Wave Analysis on the daily chart presents […]
Metal Markets Report For Thursday, Jan 30
Image Source: PixabayIn this video, Ira Epstein reviews the day’s trading in the gold and other relevant metal markets.Video Length: 00:08:57More By This Author:Financial Markets Report For Thursday, Jan 30Metal Markets Report For Monday, Jan 27SPDR ETF Report For Monday, Jan 27
Gold Hits Record High As Demand For Safe-Haven Assets Surges
Image Source: PixabayGold soared towards 2,800 USD per ounce on Friday, setting a new all-time high. The surge comes as investors seek refuge in safe-haven assets amid renewed trade war threats from US President Donald Trump. His latest statements have heightened concerns over economic slowdowns and potential disruptions to global trade. Key drivers of Gold’s record […]
Rates Spark: Growth Disappointments On ECB Day
Image Source: PexelsThe ECB cut the policy rate to 2.75% as expected, thereby approaching the estimated neutral range of 1.75% to 2.5%. Weak growth numbers helped feed the dovish sentiment and we think the front end of the euro curve can therefore still move lower. In the US we also maintain a bullish bias and will […]
Current Report: Viatris Inc
Image Source: PixabayTM Editors’ note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence.Viatris Inc. (VTRS) was formed in November 2020 through the combination of Upjohn, a wholly owned subsidiary of Pfizer that specializes in off-patent drugs, and Mylan, a global pharmaceutical manufacturer that focuses on […]
Bessent’s 3-3-3 “Plan” In The Context Of 2024Q4 Advance GDP Release
Image Source: PexelsActual hit GDPNow nowcast of 2.3%, q/q AR (see Jim’s post for a discussion) Still, achieving Treasury Secretary Bessent’s 3% annual growth (in addition to 3% deficits and additional 3 million barrels oil) is going to be tough.What does 3% look like compared to forecasts?Figure 1: GDP (bold black), CBO projection (light blue), WSJ January survey (red squares), January […]
XAG/USD Moves Below $31.50 Despite A Persistent Bullish Bias
Image Source: Pixabay Silver price could regain its ground as the daily chart analysis suggests a persistent bullish bias. The pair may appreciate toward its primary resistance around its two-month high of $32.28. The immediate support appears at a nine-day EMA of $30.82, followed by the ascending channel’s lower boundary. Silver price (XAG/USD) halts its three-day winning […]
Microsoft & Meta Earnings: Are DeepSeek Assumptions Premature?
Image Source: PixabayDeepSeek news earlier in the week spooked many investors in the AI trade, with many related stocks taking nosedives as a result.DeepSeek is a Chinese artificial intelligence startup that develops open-source large language models (LLM). It recently introduced its R1 model, which rivals leading AI systems like OpenAI’s ChatGPT but was developed at a […]
Elliott Wave View On Gold Impulsive Structure To Resume
Image Source: PixabayShort Term Elliott Wave View in Gold (XAUUSD) suggests that rally from 1.14.2025 low is in progress as an impulse. Up from 1.14.2025 low, wave (i) ended at 2724.74 and wave (ii) ended at 2689.28. Wave (iii) higher ended at 2763.39 and wave (iv) ended at 2735.67. Final leg wave (v) ended at 2785.87 […]
