Category Archive: Finance
EUR/USD Extends Holding Pattern Ahead Of PMIs
Image Source: Pixabay EUR/USD trades in a range in the mid 1.0600s ahead of key PMI data for the US and Eurozone. The pair has formed a Bear Flag price pattern suggesting the potential for a steep decline. EUR/USD extends its holding pattern of the last few days, trading in the mid 1.0600s on Tuesday, prior […]
SPDR ETF Report For Monday, April 22
Image Source: PixabayIn this video, Ira Epstein reviews the day’s trading in various SPDR-ETF markets for the trading day that ended, Monday, April 22.Video Length: 00:18:05More By This Author:Metals Report For Monday, April 22Financial Markets Report For Monday, April 22SPDR ETF Report For Friday, April 19
Silver Price Forecast: XAG/USD Attracts Some Sellers Below $27.00 Amid Risk-On Mood
Image Source: Pixabay Silver price extends its downside near $26.95 on Tuesday. The easing fear of wider tensions in the Middle East improves market sentiment. Reduced Fed rate cut speculation boosts the USD and drags the white metal lower. Silver price (XAG/USD) trades on a softer note for the second consecutive day around $26.95 on Tuesday during the early […]
Silver/Euro And Dow/Gold Making Big Moves
Image Source: PixabayLast year, we looked at charts of Silver/Euro and Dow/Gold, both of which were on the verge of significant long-term breakouts. Since that time, the suspected breakouts have occurred, providing key evidence that the bull market in precious metals is indeed underway. It’s time to review these fascinating charts! We’ll start with Silver/Euro and note that the breakout […]
EUR/USD Price Analysis: Tests The Major Level Of 1.0650; Followed By The Nine-Day EMA
Image Source: Pixabay EUR/USD remains tepid around the major level amid a bearish sentiment. A breach below the 1.0600 level may lead the pair toward November’s low at 1.0517. The nine-day EMA at 1.0675 appears as the immediate barrier. EUR/USD remains lackluster during the Asian trading hours on Tuesday, hovering near 1.0650. From a technical perspective, […]
3 Energy Stocks To Buy Pre Earnings
Photo by Timothy Newman on UnsplashAbout four years ago, amidst the panic of the COVID-19 pandemic outbreak, U.S. crude oil futures prices did the unthinkable and went to zero. Since then, oil prices have soared, with the most popular oil ETF, the U.S. Oil Fund ETF (USO – Free Report), jumping more than 400%, driven by soaring demand, OPEC cuts, and rising […]
Metals Report For Monday, April 22
Image Source: PixabayIn this video, Ira Epstein reviews the day’s trading in the gold and other relevant metal markets.Video Length: 00:13:43More By This Author:Financial Markets Report For Monday, April 22SPDR ETF Report For Friday, April 19Financial Markets Report For Friday, April 19
Airliner Earnings: What Can Investors Expect?
Image Source: UnsplashWe have entered the heart of the 2024 Q1 earnings cycle with a notably stacked earnings schedule on deck for this week. The period has primarily been positive so far, with the big banks’ results not causing any spooks.This week, we’ll hear from American Airlines (AAL – Free Report) and Southwest Airlines (LUV – Free Report). What can […]
Elliott Wave Technical Analysis: Binance Crypto Price News For Tuesday, April 23
Image Source: PexelsElliott Wave Analysis TradingLounge Daily Chart, Binance/ U.S. dollar(BNBUSD)BNBUSD Elliott Wave Technical AnalysisFunction: Counter TrendMode: CorrectiveStructure: TrianglePosition: Wave ((D))Direction Next higher Degrees: wave 4Wave Cancel invalid level: 508Details: Correction in Triangle pattern before rising again in Wave 5.Binance/ U.S. dollar(BNBUSD)Trading Strategy:The short-term correction in Wave 4 with the Triangle pattern continues because there is still another […]
The Canadian Cannabis Report – Monday, April 22
Image Source: PixabayFor the trading week ended April 19, 2024, my proprietary Canadian Cannabis Company Index (MCCCI) decreased 4.0% compared to the prior week when it decreased 16.8%. The index consists of 14 stocks, many of which are among the most widely held holdings of the 3 ETFs (MJ, CNBS, and THCX) that I consider to […]
