Elliott Wave Technical Analysis – Eaton Corp Plc
ETN Elliott Wave Analysis Trading LoungeEaton Corp PLC, (ETN) Daily ChartETN Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: MotivePOSITION: MinorDIRECTION: Upside within {v} of 5. DETAILS: We are looking for at least one more leg higher in wave (v) of {v} of 5 to then end a larger uptrend. Ideally the top of MG2 at around 380$ could provide resistance.Eaton […]
De-Dollarization Or Re-Dollarization?
Some gold and Bitcoin bugs claim the U.S. dollar is being inflated away and that our politicians and the Fed are abusing its status as the world’s reserve currency. While the narrative may sound logical, the fact of the matter is that the opposite is occurring. Despite growing de-dollarization narratives in traditional and social media, […]
Demand For Oil Is Tanking, This Is A Major Warning To The Economy
Image Source: Pixabay Demand for gasoil, the basic fuel which runs the entire modern world, is actually declining. Having stumbled over the summer, this exceptionally rare development is another really negative sign to go with, relatedly, even more production and job cuts across the auto industry. Energy, autos, economy.Video Length: 00:18:07More By This Author:The Job Market […]
How Will Trump’s Election Win Change The Macro Outlook?
Elections have consequences and so Donald Trump’s return to the White House as the 47th president will surely change the calculus. The policy differences between the Republican president-elect and the Biden administration are substantial on multiple fronts, ensuring that the next four years will bring significant changes to trade, taxes, and numerous other areas over which […]
US Elections: Trump Triumphs! What Lies Ahead For Markets?
Trump clinches the presidency with a decisive “red sweep” Assets linked to “Trump trades” surge following the election results Bitcoin skyrockets over ~7%, reaching a new all-time peak The US dollar dominates the foreign exchange market, recording its largest single-day increase since February 2023 The Fed’s decision on Thursday could instigate new market fluctuations America has elected Republican Donald Trump as […]
USDJPY Hits 14-Week High Amid US Election Dynamics
Image Source: Pixabay The USDJPY pair has surged to a 14-week peak, touching 153.83 as demand for the US dollar strengthens with the unfolding US presidential election. This rally aligns with increasing support for Donald Trump, whose lead in critical states has fuelled investor optimism.This week, US political developments are poised to dominate market attention, with […]
Current Report: FS KKR Capital Corp.
Image Source: Pexels FS KKR Capital Corp (FSK) is a business development company based in the United States.Its portfolio is comprised of investments in senior secured loans and second lien secured loans of private middle market U.S. companies and, to a lesser extent, subordinated loans and certain asset-based financing loans of private U.S. companies.It is focused […]
USD/CAD Forecast: Eases Amid Profit-Taking
The market rallied all the way from the 1.35 level to the 1.3950 level in the course of a couple of weeks. Keep in mind that oil markets are somewhat soft, but ultimately, they are bouncing due to the fact that we had been in a two-year range and at the bottom of it. So, […]
Daily Market Outlook – Wednesday, Nov. 6
Image Source: Pixabay The results of the US presidential election indicate that Trump will emerge victorious and the Republican Party will maintain control of the Senate. The New York Times’ closely-watched ‘swingometer’ projected a 93% chance of Trump winning, while Treasury yields rose to four-month highs as some betting sites significantly favoured him. However, the House […]
XAUUSD Commodity Elliott Wave Technical Analysis – Wednesday, November 6
Gold Elliott Wave AnalysisIt appears the current Gold pullback is completed and the commodity could be set to continue the all-time bullish trend to a fresh record high. From the Elliott wave theory perspective, Gold is expected to rally further to 2800 and beyond before the next pullback starts.Daily Chart AnalysisOn the daily chart, Gold completed the […]
