Elliott Wave Technical Analysis – FTSE 100
FTSE 100 (UK) Elliott Wave Analysis – Trading Lounge Day ChartFTSE 100 (UK) Elliott Wave Technical AnalysisAnalysis Overview Function: Bullish Trend Mode: Impulsive Structure: Orange Wave 5 Position: Navy Blue Wave 3 Direction (Next Lower Degree): Navy Blue Wave 4 Invalidation Level: 7,997.82 The analysis focuses on the FTSE 100 index, applying Elliott Wave Theory on the daily chart to identify a bullish trend with an impulsive mode. The […]
Rates Spark: PMIs Are Unlikely To Impact The Next Two ECB Cuts
Image Source: PexelsThe composite eurozone PMI is expected to remain in contractionary territory and a close-to-consensus reading shouldn’t impact the European Central Bank’s next two cuts. Dutch pension funds were caught by surprise when two coalition parties proposed adjusting the rules of the upcoming transition. This could have implications for swap markets given the material footprint of […]
3 Business Services Stocks That Could Keep Soaring In 2025: APP, COIN, SEZL
Image Source: PixabayAs we progress through the new year, investors are certainly watching some of the top-performing stocks of 2024.Narrowing the landscape, the Zacks Business Services sector has quite a few top performers to watch.From financial transaction services to technology-driven applications, the business services sector has prime prospects for growth. The essentiality of these businesses is also […]
Current Report: IGM Financial
Image Source: PixabayIGM Financial Inc (IGIFF) is the largest non-bank-affiliated asset manager in Canada. The firm is part of the Power Financial group of companies, which holds a 62% equity stake in IGM Financial as well as stakes in Great-West Life, London Life, and Canada Life.IGM has two main operating divisions—asset management (operated through Mackenzie Investments) […]
Metal Markets Report For Thursday, Jan 23
Image Source: PixabayIn this video, Ira Epstein reviews the day’s trading in the gold and other relevant metal markets.Video Length: 00:07:08More By This Author:Financial Markets Report For Thursday, Jan 23Metal Markets Report For Wednesday, Jan 22SPDR ETF Report For Wednesday, Jan 22
Elliott Wave Technical Analysis: AAVE Crypto Price News For Friday, Jan 24
Image Source: PixabayElliott Wave Analysis TradingLounge Daily ChartAAVE/ U.S. dollar(AAVEUSD)AAVEUSD Elliott Wave Technical AnalysisFunction: Follow TrendMode: MotiveStructure: ImpulsePosition: Wave V)Direction Next higher Degrees:Wave Cancel invalid Level: 257.386 AAVE/ U.S. dollar(AAVEUSD)Trading Strategy: Wave IV is a corrective wave and looks like it will finish around the support level at 257.386. Wave V is developing with the formation of sub-waves (1) […]
Will The MacIver Institute Issue A Retraction To “Evers’ Economy Is A Soviet Dream”
Image Source: PexelsNow that December numbers (released by DWD today) destroy the thesis that half of year-to-date cumulative employment is accounted for by government jobs, will a retraction be forthcoming? Here’s Michael Lucas’ graph running up through November, from this article:Source: articleHere is my cumulative growth graph, decomposed into private and government components, for revised data running up through […]
Elliott Wave View On DAX Nesting Higher In Impulsive Structure
Image Source: PixabayShort Term Elliott Wave View in DAX shows that the Index breaks to new all-time high confirming the right side remains bullish. The rally from 11.19.2024 low looks to be nesting in an impulsive structure. Up from 11.19.2024 low, wave 1 ended at 20522.82 and pullback in wave 2 ended at 19649.87. The Index resumed […]
Protectionism Fails To Achieve Its Stated Goals
Image Source: PexelsPresident Trump set off a wave of protectionist trade policies about seven years ago, back in 2018, and those policies were mostly extended and followed during President Biden’s term of office as well. But unsurprisingly to most economists, trade restrictions have done a poor job of producing the desired results.Michael Strain provides a trenchant […]
WTI Tumbles To Near $74.00 As Trump Urges OPEC To Cut Oil Cost
Image Source: Pixabay WTI price declines to $74.10 in Friday’s early Asian session. Trump said he will ask OPEC to lower oil prices. US crude oil inventories dropped by 1.017 million barrels last week, according to the EIA. West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $74.10 on Friday. The WTI price extends its downside […]
