BTC/USD Forecast: Bitcoin Holds $100K Support
During my analysis of Bitcoin, the first thing that comes to my attention is the fact that the $100,000 level continues to be very important. This is obviously a large, round, psychologically significant figure, and I would venture to say there are probably a lot of options traders willing to get involved here. Furthermore, retail […]
USD/JPY Price Forecast: Bulls Pause For Breather Ahead Of US PCE Price Index
USD/JPY attracts some intraday sellers after stronger inflation figures from Japan. The risk-off mood and retreating US bond yields also benefit the lower-yielding JPY. The divergent Fed-BoJ outlook should limit losses ahead of the US PCE Price Index. The USD/JPY pair retreats following an intraday uptick to the 158.00 neighborhood, or a five-month peak and […]
The Federal Reserve’s “Hawkishness” Finally Gets The Stock Market’s Attention
Image Source: Pixabay Attention! For three months, the bond market has flagged stabilizing inflation starting with the Fed’s first rate cut of 50 basis points (bps). The stock market continued to rally along its uptrend lines. In parallel, the Federal Reserve signaled its second thoughts about its benign projections for inflation in the September Summary of […]
Elliott Wave View: EURUSD Short Term Remains Bearish
Image Source: PixabayShort Term Elliott Wave view in EURUSD suggests the decline from 9.25.2024 high is in progress as an impulse. Down from 9.25.2024 high, wave 1 ended at 1.076 and wave 2 rally ended at 1.0936. Pair then resumed lower in wave 3 towards 1.033. Corrective rally in wave ended at 1.063 as the 1 […]
SPDR ETF Report For Thursday, Dec 19
Image Source: PixabayIn this video, Ira Epstein reviews the day’s trading in various SPDR-ETF markets for the trading day that ended, Thursday, December 19.Video Length: 00:14:42More By This Author:Financial Markets Report For Thursday, Dec 19Financial Markets Report For Wednesday, Dec 18Metal Markets Report For Wednesday, Dec 18
Markets Flat After Big Selloff Day; FDX, NKE Beat On Earnings
Image Source: PexelsThe stock market gave a rebound the old college try today, but aside from a modest +15 points on the blue-chip Dow, indexes closed in the red again today. Results were nowhere near as bad as they were yesterday, but the S&P 500 slipped -5 points (-0.09%), the Nasdaq -19 points (-0.10%) and the […]
Japanese Yen Struggles To Capitalize On Modest Intraday Bounce; Remains Vulnerable
Image Source: Pixabay The Japanese Yen attracts some buyers after a stronger-than-expected Japan’s National CPI. A weaker risk tone and retreating US bond yields also lend support to the lower-yielding JPY. The Fed’s hawkish shift underpins the USD and acts as a tailwind for the USD/JPY pair. The Japanese Yen (JPY) recovers slightly after touching a […]
Financial Markets Report For Thursday, Dec 19
Image Source: PixabayIn this video, Ira Epstein reviews the activity in the Financial Markets after the day that just ended, Thursday, December 19.Video Length: 00:16:54More By This Author:Financial Markets Report For Wednesday, Dec 18Metal Markets Report For Wednesday, Dec 18Metal Markets Report For Tuesday, Dec 17
Nasdaq 100 & S&P 500 Elliott Wave Update – Thursday, Dec 19
Image Source: PixabayMarkets moved in stronger directional moves, but adhered to what the EW labeling was suggesting. I update the labeling and add some Fibonacci support levels for the EW move in force. Expectations include volatility likely remaining on the strong side with tomorrow’s very large expiration. I would expect continued larger swings in both directions.Video […]
Intel Shortlists Suitors For Chip Division Altera Amid Turnaround Efforts
Image Source: PexelsAbout a month after Bloomberg reported that Lattice Semiconductor had offered to purchase Intel’s (INTC) Altera, the financial media outlet revealed that several private equity firms had also entered the bidding game for the company, which specializes in designing low-power programmable chips.Sources told Bloomberg that Francisco Partners and Silver Lake Management have joined Lattice in a second bidding round […]
