U.S. Markets Edge Higher Amid Election Uncertainty And Anticipated Fed Rate Cut
Our perspective underscores a cautiously optimistic stance with selective positioning, as key events unfold around the U.S. presidential election and Federal Reserve policy. Key Points to Address: Market Gains and Sector Performance: U.S. equities posted moderate gains on Tuesday, with the S&P 500, Nasdaq, and Dow Jones showing positive momentum despite the cautious tone among traders. […]
Unlocking ASX Trading Success: News Corporation
ASX: NEWS CORPORATION. – NWSElliott Wave Technical Analysis TradingLoungeGreetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with NEWS CORPORATION. – NWS. We see NWS.ASX continuing to push higher with wave (5)-orange.ASX: NEWS CORPORATION. – NWS1D Chart (Semilog Scale) AnalysisFunction: Major trend (Intermediate degree, Orange)Mode: MotiveStructure: ImpulsePosition: Wave (5)-orangeDetails: Wave (4)-ornage has ended as […]
Asian Stock: Jiangsu Hengrui Pharmaceuticals
TM Editors’ note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence.Company: Jiangsu Hengrui Pharmaceuticals Company LimitedBloomberg ticker: 600276 SHMarket cap: US$40,126mBackground: Jiangsu Hengrui Pharmaceuticals Company Limited develops, manufactures, and markets medicines and medicine packing materials. The Company produces anti-tumor medicines, pain-killers, anti-infection medicines, aluminum foil, and other related […]
Meta’s Investment Outlook Keeps Growing
Photo Credit: Marco Paköeningrat/Flickr.com Meta (Nasdaq: META), formerly Facebook, announced its quarterly results last week that outpaced market expectations. But Meta’s plans to continue to increase capex spending during the year, caused its stock to fall 3% in the after-hours trading session. Meta’s FinancialsMeta’s Q3 revenues grew 19% to $40.59 billion, ahead of the Street’s expected […]
Sensex Today Rallies 694 Points; Nifty Above 24,200
After opening the day higher, Indian benchmark indices remained positive as the session progressed and ended the day on firm footing.India’s stock market saw a sharp recovery from the day’s low on Tuesday, with both the benchmark indices trading more than half a percent higher, supported by a rally in broader markets.Sensex jumped over 1,100 […]
Analytical Overview Of The Main Currency Pairs – Tuesday, Nov. 5
Image Source: Pexels The EUR/USD currency pairTechnical indicators of the currency pair: Prev. Open: 1.0876 Prev. Close: 1.0878 % chg. over the last day: +0.02 % Today, the US Presidential election will be held in the United States. The policies of the new US president will have far-reaching implications for monetary policy, geopolitics, and global trade. […]
EUR/USD Set For Big Move As Voting Starts In US Election
Image Source: Pixabay Financial markets are in a holding pattern, with traders hesitant to commit to specific positions. With an exceptionally tight US presidential race, many are leaning towards options strategies instead of outright long or short positions. For instance, Bloomberg reports that some hedge funds are opting for call options on currencies like the EUR […]
From Dollar Monopoly To BRICS Diversification: An Update
Image Source: Pixabay The pressure toward the diversification of world currency reserves intensified after 2008, escalated following 2022, and is accelerating, as evidenced by the recent BRICS Summit in Kazan, Russia.In the past 15 years or so, BRICS have rapidly grown into a geoeconomic front of the Global South. Iran, Egypt, Ethiopia, and the United Arab […]
Again More Gains
Premarket S&P 500 pump was readily sold into – who wants to face elections risk? The session though delivered great intraday gains of +24 ES pts and +72 NDX pts, and +39 ES pts for swing traders on my site (I timed selling into Friday‘s spike for the clients). Also the individual chart requests per popular […]
Boeing Strike Ends With 59% Union Approval On New Offer; Stock Gains
Image Source: Pixabay The Boeing Company (NYSE: BA) has reached a pivotal agreement with its 33,000 unionized machinists, concluding a seven-week strike that significantly disrupted the production of most passenger planes. 59% of the International Association of Machinists and Aerospace Workers (IAM) voted to approve the aerospace giant’s new offer.The new contract promises substantial wage increases and bonuses for the […]
