Ethereum Price Resumes Its Climb: Is A Bigger Rally On The Way?
Ethereum price found support near $2,350 and started a fresh increase. ETH is rising and might aim for a move above the $2,580 resistance. Ethereum started a fresh surge above the $2,500 resistance zone. The price is trading above $2,500 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend […]
Silver Price Forecast: XAG/USD Trades Below $32.50, Nine-Day EMA
Silver price (XAG/USD) depreciates to near $32.20 during the European session on Wednesday. The daily chart analysis indicates a potential shift in momentum from bullish to bearish, as the nine-day Exponential Moving Average (EMA) aligns with the 14-day EMA. A downward crossover here would signal weakening short-term momentum.Additionally, the 14-day Relative Strength Index (RSI) is consolidating just below […]
Natural Gas Forecast: Natural Gas Pulls Back On Tuesday Energy and its Meaning
When you look at the Tuesday session, we initially did try to rally, but we gave back those gains to test the $2.85 level. I think this is a situation where market participants will look at that massive candlestick from the Monday session and realized there is still a lot of bullish pressure underneath. After […]
EURUSD Reverses Course: Bulls Retreat As Key Support Breaks
The EURUSD pair has recently experienced a significant shift in momentum, marking an end to its impressive rally from 1.0761 to a peak of 1.0936. This upward move, which had been the focus of much market attention, appears to have run its course.In a sudden turn of events, the pair has retreated sharply from its […]
Elliott Wave Technical Analysis: Neo Crypto Price News – Wednesday, Nov. 6
Elliott Wave Analysis TradingLoungeNEO/ U.S. dollar(NEOUSD)NEOUSD Elliott Wave Technical AnalysisFunction: Counter TrendMode: CorrectiveStructure: FlatPosition: Wave (2)Direction Next higher Degrees: Wave ((2)) of ImpulseWave Cancel invalid Level:Details:Wave 2 is likely to end and price is rising in wave 3.NEO/ U.S. dollar(NEOUSD)Trading Strategy:The correction in wave 2 seems to be over so we focus on the five-wave rally of wave 3 […]
Housing: Supply Chasing Demand
To explain the high and rising price of housing, the standard economic intuition is that growth in supply isn’t keeping up with growth in demand. One piece of evidence supporting this intuition is the “vacancy rate”–that is, what share of owner-occupied housing or rental housing is empty?Here are a couple of figures from the ever-useful […]
Everyday Price Inflation At 0.3% Y/Y?
Versus 2.4% for the CPI (in logs). Lots of people think the government’s statistics understates the true inflation rate. It used to be John Williamson at ShadowStats. Now it’s EJ Antoni at Heritage Foundation (who touts the use of Primerica’s everyday price index). But the American Institute for Economic Research’s “Everyday Price Index” (EPI) says […]
Is Berkshire Hathaway A Buy After It Sold More Apple Shares?
Image Source: Pexels Berkshire Hathaway (NYSE: BRK-A) (NYSE: BRK-B) the conglomerate run by Warren Buffett, has seen its stock price fall nearly 3% since it posted third quarter earnings on Saturday that fell short of earnings estimates.The conglomerate run by Warren Buffett posted revenue of $93 billion in the quarter, which was essentially flat year-over-year.However, the company’s operating earnings, […]
Politics Driving Consumer Sentiment
Image Source: Pexels Political alignment increasingly driving consumer sentiment surveys.Video Length: 00:09:00More By This Author:Trump Trade OverratedMaking Sense Of Investor Sentiment The Real Estate Problem
Trump Win Could Lead To Shocking Financial Change
Image source: Pixabay Election day is finally here. And hopefully soon enough we’ll even find out who’s going to be the president for the next 4 years (although that probably won’t happen today or any time soon unfortunately).But if Trump does win, based on some of the plans that members of his team have suggested in […]
