Unlocking ASX Trading Success: Block Inc. – SQ2
ASX: BLOCK INC. – SQ2 Elliott Elliott Wave Technical Analysis TradingLoungeGreetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with BLOCK INC. – SQ2. We see SQ2.ASX having a slight decline with wave 4, and after it ends wave 5 will continue to come back to push higher.ASX: BLOCK INC. – SQ2 […]
FX Options Insights
Image Source: Pexels Following the U.S. election, the currency markets have experienced a significant decrease in volatility, which has resulted in traders unwinding their wagers and tighter trading ranges developing. The benchmark one-month EUR/USD volatility has plummeted, suggesting that there is a reduced likelihood of substantial fluctuations in this pair that is already contained in a […]
Bear Of The Day: Hershey Declining EPS Estimates Bottom Line
Reporting lackluster third quarter results on Thursday, there could be more downside risk ahead for Hershey’s (HSY) stock.To that point, the iconic chocolate manufacturer had already seen a decline in its earnings estimate revisions with HSY landing a Zacks Rank #5 (Strong Sell) and the Bear of the Day. Hershey’s Dismal Q3 ResultsAttributed to what it called […]
EUR/GBP Price Forecast: Finds Support At Bottom Of Range
EUR/GBP has met support at the floor of a five-week range. It will probably recover as the pair extends its range sideways. EUR/GBP has fallen down to the base of its six-week range (red dashed line on chart) at roughly 0.8311; it is likely encountering firm support at that level. EUR/GBP 4-hour Chart The pair […]
Germany Is Plunging And It’s Spreading To The Rest Of The World
Image source: Pixabay Germany’s government is the latest casualty of the “vibecession.” Amid a flurry of political activity, the markets throw up another major warning with the first ever negative swap spread. Predictably, the mainstream media can’t make sense of swaps, the situation, or the economics. It’s the economy, stupid.Video Length: 00:18:16More By This Author:Demand For […]
US Dollar Steadies After Wild Ride, With Powell Shrugging Off Politics
The US Dollar stabilizes on Friday after a volatile week. Jerome Powell responded bluntly to markets and reporters on his future as Fed Chairman. The US Dollar index steadies in the 104-region, looking for a fresh direction. The US Dollar (USD) stablizes around the mid-104.00 region on Friday after founding support as investors digest the […]
Bull Of The Day: Target
Making significant progress in addressing inventory concerns, Target’s (TGT) stock appears to be at a positive inflection point ahead of its Q3 results on Wednesday, November 20.Sporting a Zacks Rank #1 (Strong Buy) and landing the Bull of the Day, let’s take a look at why investing in Target looks favorable again. Targets Q3 ExpectationsBased on Zacks […]
China Announces Huge Debt Package Ahead Of ‘Forceful’ Stimulus
Image source: Pixabay China has unveiled a RMB10tn programme to alleviate local government debt issues. The package, worth some $1.4tn, was announced after the week-long National People’s Congress. A decisive move to address local government debt woesChina’s National People’s Congress concluded its week-long meeting on Friday with a press conference with the Ministry of Finance announcing RMB10tn of […]
XAUUSD & Brent Decline After Fed Cut And Trump Win
XAUUSD is below at $2,700 after Fed rate cut Brent crude oil dip below $75, still up weekly Rate cut aims to sustain economic growth, support oil New administration’s policies may boost US oil production XAUUSD and Brent experienced fluctuations on Friday, influenced by the Federal Reserve’s decision to lower interest rates and the impending impact of the new presidential administration.The […]
EUR/USD Stabilises, Considers Trump’s Impact
EUR/USD is settling around 1.0785, assessing the market impact of this week’s events. With Donald Trump’s return as US President, the market is recalibrating expectations around inflation and economic policies that his administration may reintroduce.Trump’s protectionist stance could stir inflationary pressures, prompting the Federal Reserve to maintain higher interest rates than anticipated. This potential for […]
