Crude Oil Futures: Further Upside Not Favored
CME Group’s flash data for crude oil futures markets noted traders reduced their open interest positions by around 5.8K contracts after four consecutive daily builds. On the other hand, volume added around 180.3K contracts to the previous daily advance.  WTI: Another drop to $72.00 is not ruled outTuesday’s marked advance in prices of WTI was […]

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Market Briefing For Wednesday, Nov. 29
Neutrality and jitters describes the undertone of this market. Fragility going into December has been our expectation as a part of ‘reasonable’ progression with a bullish outcome into early 2024, presuming geopolitical or variables in the financial realm don’t intervene. S&P stretching pending a probable dip.FreepikSome risk has come off-the-table for the smaller stocks, but that doesn’t mean […]

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Elliott Wave Technical Analysis 4 Hour Chart: U.S. Dollar/Canadian Dollar – Wednesday, Nov. 29
Photo by Michelle Spollen on Unsplash  USD/CAD Elliott Wave Analysis Trading Lounge 4 Hour  Chart, 29 November 2023U.S.Dollar /Canadian Dollar(USD/CAD) 4 Hour ChartUSD/CAD Elliott Wave Technical AnalysisFunction: Counter TrendMode: corrective  Structure: blue wave C  of black wave BPosition: black wave BDirection Next Higher Degrees: black wave CDetails: Blue wave B looking completed at 1.37679, now blue wave C […]

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Macro: Consumer Confidence
Image source: PixabayHere are some of the headline sentiments I am seeing: consumer confidence rises consumer confidence rebounds consumer confidence rises for the first time in 4 months consumer is optimistic Let’s take this with a grain of salt. Last month’s initial number was 102.6. This month’s number is 102.0.Last month’s print of 102.6 was revised […]

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On Sustainable Cluster Bombs
Stock photo by VecteezyAside from innovation, BOOM and bust cycles are driven by three factors: Government regulation, market intervention, and the injection of public funds into the market.When governments want to “encourage” investment into one sector or another, they do as BlackRock CEO, Larry Fink, does with the tools available to them.Here’s what Fink, CEO of […]

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Crude Oil Futures: Further Upside Not Favored

Crude Oil Futures: Further Upside Not Favored

CME Group’s flash data for crude oil futures markets noted traders reduced their open interest positions by around 5.8K contracts after four consecutive daily builds. On the other hand, volume added around 180.3K contracts to the previous daily advance.  WTI: Another drop to $72.00 is not ruled outTuesday’s marked advance in prices of WTI was […]
Market Briefing For Wednesday, Nov. 29

Market Briefing For Wednesday, Nov. 29

Neutrality and jitters describes the undertone of this market. Fragility going into December has been our expectation as a part of ‘reasonable’ progression with a bullish outcome into early 2024, presuming geopolitical or variables in the financial realm don’t intervene. S&P stretching pending a probable dip.FreepikSome risk has come off-the-table for the smaller stocks, but that doesn’t mean […]
Elliott Wave Technical Analysis 4 Hour Chart: U.S. Dollar/Canadian Dollar – Wednesday, Nov. 29

Elliott Wave Technical Analysis 4 Hour Chart: U.S. Dollar/Canadian Dollar – Wednesday, Nov. 29

Photo by Michelle Spollen on Unsplash  USD/CAD Elliott Wave Analysis Trading Lounge 4 Hour  Chart, 29 November 2023U.S.Dollar /Canadian Dollar(USD/CAD) 4 Hour ChartUSD/CAD Elliott Wave Technical AnalysisFunction: Counter TrendMode: corrective  Structure: blue wave C  of black wave BPosition: black wave BDirection Next Higher Degrees: black wave CDetails: Blue wave B looking completed at 1.37679, now blue wave C […]
Macro: Consumer Confidence

Macro: Consumer Confidence

Image source: PixabayHere are some of the headline sentiments I am seeing: consumer confidence rises consumer confidence rebounds consumer confidence rises for the first time in 4 months consumer is optimistic Let’s take this with a grain of salt. Last month’s initial number was 102.6. This month’s number is 102.0.Last month’s print of 102.6 was revised […]
On Sustainable Cluster Bombs

On Sustainable Cluster Bombs

Stock photo by VecteezyAside from innovation, BOOM and bust cycles are driven by three factors: Government regulation, market intervention, and the injection of public funds into the market.When governments want to “encourage” investment into one sector or another, they do as BlackRock CEO, Larry Fink, does with the tools available to them.Here’s what Fink, CEO of […]
EUR/USD Price Analysis: Holds Positive Ground Above 1.1000, Bull Cross Eyed

EUR/USD Price Analysis: Holds Positive Ground Above 1.1000, Bull Cross Eyed

Image Source: Pixabay EUR/USD trades in positive territory for five straight days above the 1.1000 psychological mark. The 50-hour EMA is on the verge of crossing above the 100-hour EMA. The immediate resistance level is located at 1.1065; the initial support level will emerge at 1.0900. The EUR/USD pair gains traction for the fifth consecutive day during the […]
Asia Morning Bites For Wednesday, November 29

Asia Morning Bites For Wednesday, November 29

Image Source: Pixabay Global macro and markets: Global markets: Some remarks from Fed Governor Christopher Waller about the possibility of rate cuts once the Fed reaches its 2% inflation target were seized on by bond bulls yesterday and drove a sharp rally at the front end of the yield curve. 2Y Treasury yields fell 11.6bp to 4.734% […]
SPDR ETF Report For Tuesday, November 28

SPDR ETF Report For Tuesday, November 28

Image Source: PixabayIn this video, Ira Epstein reviews the day’s trading in various SPDR-ETF markets for the trading day just ended, Tuesday, November 28.Video Length: 00:13:51More By This Author:Financial Markets Report For Tuesday, November 28Metals Report For Tuesday, November 28SPDR ETF Report For Monday, November 27
Gold Miners ETF Should Continue To Extend Higher

Gold Miners ETF Should Continue To Extend Higher

Image Source: PixabayShort Term Elliott Wave in Gold Miners Junior (GDX) suggests rally from 11.10.2023 low is in progress as a 5 waves impulse. Up from 11.10.2023 low, wave ((i)) ended at 29.07 as the 1 hour chart below shows. Dips in wave (ii) unfolded as a zigzag Elliott Wave structure. Down from wave ((i)), wave (a) ended at […]
Apple Has Reportedly Proposed To End Partnership With Goldman Sachs

Apple Has Reportedly Proposed To End Partnership With Goldman Sachs

Image Source: Unsplash Apple wants to unwind Goldman Sachs partnership in 12 to 15 months. Goldman Sachs is interested in pulling out of consumer banking. Apple stock has rallied about 15% over the past thirty days. Apple Inc (AAPL) is in focus in extended hours after it reportedly proposed to end its high-profile partnership with Goldman Sachs Group […]