If The U.S. Falls Into Recession, It Will Be From Years Of Government Excess
Image Source: Pixabay How do you create a recession?Overheating the economy with a massive increase in government spending, disguising employment with public sector jobs, and soaring federal debt. The foundation of Neokeynesian economics always rests on the idea that an economy must prioritize government spending, leading to full blown socialism. When the economy is growing, government […]
Super Micro Is Not So Super Anymore
Super Micro Computer Inc. (SMCI) was the market’s darling only six months ago. Amazingly, Its stock, had risen 3x in just the first three months of 2024. Consequently, S&P Global announced its addition to the S&P 500 Index. The announcement is annotated below with a box in early March. Furthermore, the circle, which coincides with […]
S&P 500 Weekly Action Areas & Price Objectives – Monday, Nov. 11
Image Source: Pixabay In this update, we review the recent price action in the emini SP500 futures contract and identify high probability action areas and price objectives for the trading week ahead.Video Length: 00:08:53More By This Author:Daily Market Outlook – Monday, Nov. 11 FTSE To Test Pivotal 8000 Level, Closing At Three Month Lows FX Options […]
Elliott Wave Technical Analysis: Euro/British Pound – Monday, Nov. 11
EURGBP Elliott Wave Analysis Trading LoungeEuro/British Pound (EURGBP) Day ChartEURGBP Elliott Wave Technical Analysis Function: Bearish Trend Mode: Impulsive Structure: Orange Wave 1 Position: Navy Blue Wave 3 Direction Next Higher Degrees: Orange Wave 2 Details: Navy blue wave 2 appears complete, with orange wave 1 of navy blue wave 3 currently in motion. Wave Cancelation Invalid Level: 0.84490The EURGBP Day Chart, based […]
S&P 500 Breaking 6,000 – Is It A State Of Euphoria Yet?
Stocks are approaching new record highs, but a consolidation may be imminent.Stocks extended their post-election rally on Friday, with the S&P 500 index setting a new record high of 6,012.45, gaining 0.38%. Although Thursday’s Federal Reserve announcement failed to sustain a rally as the market moved sideways afterward, sentiment improved on Friday. This morning, S&P […]
EUR/GBP Price Prediction: Resumes Bear Trend After Breaking Decisively Below Range Floor
EUR/GBP breaks below support from the floor of a six-week range. The pair resumes its long-term bear trend. EUR/GBP has broken decisively below the base of a six-week range (red dashed line on chart) and is in free fall. EUR/GBP Daily Chart The pair is likely to fall substantially lower as the bearish trend resumes. The usual […]
GBP/USD Analysis: Nearing Key Support Levels
Along with the US presidential elections and Trump’s victory, both the Bank of England and the Federal Reserve cut interest rates by 25 basis points last week. The GBP/USD currency pair suffered losses last week, reaching a support level of 1.2834, the lowest for the pair in nearly three months, and heading towards a weekly […]
US Dollar Strengthens Near Four-Month Highs With US Inflation In Focus
The US Dollar trades in the green across the board on Monday. The focus will be on the US inflation data for October later this week. The US Dollar index pops above 105.00 and is ready to test resistance levels. The US Dollar (USD) starts the week on the front foot and strengthens on Monday, […]
EUR/USD Forecast: Holds Support Amid Market Fluctuations
The Euro initially pulled back just a bit during the trading session on Friday. As we continue to see plenty of support underneath at the 1.07 level, I think we see so much in the way of support that it is going to be difficult to break down below here. But I also would point […]
Weekly Market Research: Gold Drops, Tesla Rallies, Bitcoin Hits New High
Gold Gold price fell 1.8% for the week, pressured by a stronger dollar and market reaction to Donald Trump’s election victory. Although the Fed cut rates slightly, speculation about slower cuts under Trump’s policies, along with weakened physical demand in India, contributed to gold’s decline. XAUUSD (H4). Despite election-related pressure, gold still has the strength […]
