Crude Oil Sets Forth Winning Streak With Aramco Earnings Sign On The Wall For OPEC+ To Step Up Efforts
Crude Oil price goes higher on Tuesday for a second consecutive day, further banking on the delay in Oil production normalization by OPEC+. Lower supply could also be on the cards due to chances of disruption in the US Gulf region as tropical storm Rafael is making its way to the oil rigs and could […]
What’s Driving Gold? Central Banks And Hedging Are Key Factors
Prior to the last several years, modeling the gold market was relatively straightforward. But a lot has changed in recent history, and so has the mix of factors that are front and center in gold’s price trend.In past decades a simple two-factor model was relatively robust for estimating gold’s “fair value.” The first factor: the […]
Elliott Wave Technical Analysis – KOSPI Composite Index
KOSPI Composite Elliott Wave Analysis – Day ChartKOSPI Composite Elliott Wave Technical Analysis Trend: Bullish Mode: Impulsive Current Structure: Gray wave 3 Position: Orange wave 3 Next Higher Degree: Gray wave 3 (initiated) Wave Cancel Invalid Level: 2381.93 Analysis OverviewThe daily Elliott Wave analysis for the KOSPI Composite indicates a bullish trend in an impulsive mode, specifically within gray wave 3. This […]
3 Large-Cap Stocks To Buy As Earnings Approach: MELI, TM, QCOM
Image Source: PexelsOutside of Nvidia (NVDA – Free Report), all of the Magnificant-7-themed big tech stocks have already released their results for the Q3 period but this week’s earnings lineup features several intriguing large-cap stocks from a variety of sectors.As leaders in their respective industries, here are three of these top large-cap stocks to buy with their quarterly […]
Are These AI Stocks A Buy Before Earnings?
Photo by Mohamed Nohassi on UnsplashThe AI story continues to grip investors, with many seeking exposure over the last year.Two stocks involved in the frenzy, Arista Networks (ANET – Free Report) and Arm Holdings (ARM – Free Report), are on the reporting docket for this week. Both stocks have enjoyed bullish price action year-to-date, widely outperforming relative to the S&P 500.Image Source: […]
ETFs Pointing Lower
Image Source: PixabayWith just hours until election day, let’s look at five ETFs which seem to suggest lower equity prices ahead. The first one is the Dow 30 “diamonds”, which has completed a top (in pink).Here is Brazil, which bounced higher today on the heels of a big tumble Friday, but is still beautifully positioned to […]
DDV Heading Down As 30-Year T Bond Yield Hits 4.58%.
This is a short follow-up to my October 23, 2024 TalkMarkets article, DJIA On Cusp Of Correction As 30-Year T Bond Yield Hits 4.52%On Friday, November 1, 2024, the DJIA closed at 42,052, up on the day but down from its all-time high of 43,276 on October 19, 2024. The yield of the 30-year T […]
Financial Markets Report For Monday, Nov 4
Image Source: PixabayIn this video, Ira Epstein reviews the activity in the Financial Markets after the day that just ended, Monday, November 4.Video Length: 00:14:37More By This Author:Metal Markets Report For Thursday, Oct 24SPDR ETF Report For Thursday, Oct 24Financial Markets Report For Thursday, Oct 24
GBP/USD Holds Steady Near 1.2950 As Traders Await US Presidential Election Result
Photo by Colin Watts on Unsplash GBP/USD flat lines around 1.2950 in Tuesday’s early Asian session. The Greenback loses ground in response to improved polling for Democratic candidate Kamala Harris. The Bank of England is expected to cut interest rates at its November meeting on Thursday. The GBP/USD pair trades flat near 1.2950 during the early Asian session on […]
EURUSD Rally Continues: Eyes Set On 1.0930 And Beyond
Image Source: PixabayThe EURUSD pair has maintained its bullish momentum, pushing higher from its recent low of 1.0761 to touch an impressive 1.0914. This continued upward movement has sparked excitement among forex traders, with many now speculating on the potential for further gains in the coming days.As the pair rides this wave of optimism, market participants […]
