Elliott Wave Technical Analysis: Euro/U.S. Dollar – Wednesday, Dec. 18
EURUSD Elliott Wave Analysis Trading LoungeEuro/U.S. Dollar (EURUSD) Day ChartEURUSD Elliott Wave Technical Analysis Function: Bearish Trend Mode: Impulsive Structure: Orange Wave 3 Position: Navy Blue Wave 3 Direction Next Lower Degrees: Orange Wave 3 (Started) Details: Orange wave 2 is considered complete. Currently, orange wave 3 of navy blue wave 3 is in progress. Wave […]
USD/CAD Marks Fresh Multi-Year Highs Near 1.4350, Awaits Fed’s Guidance
Photo by Michelle Spollen on Unsplash USD/CAD has marked 1.4329, a level not seen since March 2020, on Wednesday. The Canadian Dollar faces challenges due to the dovish BoC and domestic political uncertainty. CME FedWatch tool suggests almost fully pricing in a 25 basis point cut on Wednesday. USD/CAD extends its winning streak for the fifth consecutive day, trading […]
Metal Markets Report For Tuesday, Dec 17
Image Source: PixabayIn this video, Ira Epstein reviews the day’s trading in the gold and other relevant metal markets.Video Length: 00:06:11 More By This Author:Financial Markets Report For Tuesday, Dec 17Metal Markets Report For Monday, Dec 16Financial Markets Report For Monday, Dec 16
Elliott Wave Technical Analysis: AAVE Crypto Price News For Wednesday, Dec 18
Image Source: PixabayElliott Wave Analysis TradingLounge Daily ChartAAVE/ U.S. dollar(AAVEUSD)AAVEUSD Elliott Wave Technical AnalysisFunction: Follow TrendMode: MotiveStructure: ImpulsePosition: Wave IIIDirection Next higher Degrees: Wave (III) of ImpulseWave Cancel invalid Level: 125.280Details: The five-wave likely goes up to test 482 Level. AAVE/ U.S. dollar(AAVEUSD)Trading Strategy: Wave (3) appears to have ended and the price is now entering a […]
UK CPI Inflation Climbs To 2.6% YoY In November, As Expected
Image Source: Pixabay United Kingdom’s annual CPI jumped 2.6% in November vs. 2.6% forecast. British inflation eased to 0.1% MoM in November vs. 0.1% aniticpated. GBP/USD keeps range near 1.2700 after UK CPI inflation data. The United Kingdom (UK) Consumer Price Index (CPI) edged higher by 2.6% on a yearly basis in November after recording a 2.3% growth […]
Nissan Shares Jump 23% On Potential Honda Merger: What You Need To Know
Image Source: Pixabay Nissan shares surged 23.7%, while Honda shares slipped 3%. The merger could create the world’s third-largest automaker with over 8 million vehicle sales annually. Mitsubishi shares rose 19%, reflecting optimism about its potential inclusion in the alliance. On Wednesday, Nissan (NSANF) shares skyrocketed by 23% after reports suggested the Japanese automaker is discussing merging […]
EUR/USD Strengthens Above 1.0500, All Eyes Are On Fed Rate Decision
Image Source: Pixabay EUR/USD gains momentum to around 1.0505 in Wednesday’s Asian session. The US Fed is expected to make a third consecutive rate cut at its December meeting on Wednesday. The rising bet for the ECB’s further interest rate cuts could undermine the Euro. The EUR/USD pair holds positive ground to near 1.0505 during the […]
Elliott Wave View: Bitcoin Has Reached Inflection Area
Image Source: PexelsShort Term Elliott Wave View in Bitcoin (BTCUSD) suggests rally from 6 September 2024 low is in progress as a 5 waves impulse. Up from 6 September, wave 1 ended at 66508 and dips in wave 2 ended at 58867. The crypto-currency has extended higher in wave 3 towards 103647 as the 1 hour chart […]
Current Report: Universal Corp
Image Source: PixabayUniversal Corp (UVV) is a global leaf tobacco supplier. The company procures leaf tobacco from farmers, processes it, and sells it to companies that manufacture consumer tobacco products.Universal does not manufacture or sell any consumer products itself. The company’s segments include Tobacco Operations and Ingredients Operations. It generates maximum revenue from the Tobacco Operations […]
Financial Markets Report For Tuesday, Dec 17
Image Source: PixabayIn this video, Ira Epstein reviews the activity in the Financial Markets after the day that just ended, Tuesday, December 17.Video Length: 00:10:00More By This Author:Metal Markets Report For Monday, Dec 16Financial Markets Report For Monday, Dec 16Metal Markets Report For Thursday, Dec 12
