Category Archive: Finance, No picture
Elliott Wave Forecast: Identifying Opportunities In Commodity Trading
Image Source: UnsplashCommodity Market Elliott Wave Analysis for Bitcoin, Ethereum, Crypto Index, TLT Bonds, US 10 Yr. Yields, USD/ DXY, Gold, Silver, Copper, Uranium, Crude Oil, Natural Gas, XLE ETF, XME ETF.Elliott Wave Analysis Update for Commodity Markets: Current Analysis Remains UnchangedIn the latest Elliott Wave analysis of the commodity markets, there is no alteration in […]
WTI Back Over $83 As Crude Oil Sees Additional Volatility
Image Source: Unsplash Crude Oil gets pulled in both directions on Tuesday. A misfire in US PMIs spark fresh rate cut hopes. Risk assets get pumped higher as markets celebrate softening US economy. West Texas Intermediate (WTI) US Crude Oil started Tuesday on the low side, falling below $81.00 per barrel before a broad-market recovery in risk […]
AUD/USD Rises To Two-Day High Ahead Of Aussie CPI
Image Source: Unsplash AUD/USD extends gains, influenced by disappointing S&P Global PMIs from the US, suggesting possible Fed easing. US Dollar weakens as Treasury yields fall and equity markets respond positively to the potential shift in Fed policy. Upcoming Australian CPI data could influence the Reserve Bank of Australia’s policy stance. The Aussie Dollar recorded back-to-back positive days […]
Tesla Announces Q1 Financial Results; Revenue Slumps Amid Operational Challenges
Image Source: Pexels Tesla unveiled its first-quarter earnings on Tuesday after market close. Revenue declined by 9% to the low of $21.3B. The EV firm has been under pressure following its plans to pivot from cheaper models. Tesla (TSLA) reported its Q1 earnings on Tuesday after the bell. The report reveals various financial challenges, with declined profitability.Its […]
Investors create group to take legal action against ZKasino co-founders
Investors created a Telegram called “ZKasino Legal Task Force” aiming to prosecute gambling blockchain infrastructure ZKasino co-founders after they swapped nearly $33 million in Ether (ETH) for their native token. After the swap, the co-founders went dark and their groups started banning users that suggested the possibility of an exit scam being executed, according to […]
Chart Of The Day: SkyWest – Flying High To An All Time High
Image Source: Unsplash 100% technical buy signals 6 new highs and up 6.32% in the last month 149.81+ Weighted Alpha The Chart of the Day belongs to the regional airline SkyWest (SKYW). I found the stock by using Barchart’s powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum […]
Nasdaq 100 & S&P 500 Elliott Wave Update – Tue, April 23
Image Source: Unsplash The volatility trade remains engaged on Tuesday. Both the NQ & ES pushed higher and pushing resistance higher and supply initial evidence of the possibility of the indexes moving to new ATH’s before the next cycle trough hits. I update both Preferred counts. I review the Fibonacci levels for both counts.Video Length: 00:19:19More […]
Rates Spark: The Stakes Get Raised
The return of risk-on opens further upside to yields, although US data Tuesday was weak, and demand at the 2yr auction very strong. The eurozone PMIs paint a more upbeat growth picture and with rate cuts beyond June still uncertain, we may see increased focus on growth going forward. Still a keen focus on the US PCE deflator […]
Visa Blows Past Expectations In Its Fiscal Q2
Image Source: Unsplash Visa Inc (NYSE: V) is trading up in extended hours on Tuesday after reporting market-beating financial results for its second quarter. Here’s what Visa expects for fiscal 2024 Investors are cheering also because the management issues upbeat guidance for the future. Visa now forecasts low-teens and low-double-digit growth in its earnings and revenue […]
Earnings Deliver In Spades
Image Source: Pexels MARKETStocks ripped higher for a second consecutive day on Tuesday, buoyed by robust corporate earnings that helped alleviate fears surrounding higher for longer evolving narrative.A more positive trend emerged, fuelled by robust earnings reports. This uptick reflects investor confidence in the resilience of corporate America amid challenging economic conditions. As companies deliver strong […]
