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
Will The Fed Confirm A “ Hawkish Cut”
Image Source: PexelsUS stocks tumbled across the board on Tuesday, with the Dow marking its longest losing streak in 46 years. This downturn suggests insufficient sector reindeer are pulling their weight to sustain Santa’s holiday rally sleigh, especially against an increasingly perceived hawkish Fed outlook.Indeed, US stocks waned as traders parsed a robust retail sales report, […]
The Fed Releases Another Grim Set Of US Industrial Production Numbers
Image Source: PexelsIndustrial production is below the January 2008 level. Manufacturing is even more abysmal.The Fed’s Industrial Production and Capacity Utilization report for November provides another set of sobering statistics. Industrial production (IP) moved down 0.1 percent in November after declining 0.4 percent in October. In November, manufacturing output rose 0.2 percent, boosted by a 3.5 percent increase […]
