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USD/JPY Retreats From The Yearly High, Hovers Above 151.00

USD/JPY Retreats From The Yearly High, Hovers Above 151.00

Image Source: Unsplash USD/JPY strengthened as the BoJ scrapped the 1% ceiling for the 10-year government bond yield. BoJ Governor Ueda expressed fear about inflation not reaching long-term targets. Japan’s Chief Cabinet Secretary Matsuno engaged in some verbal intervention to bolster the yen. USD/JPY trades around 151.20 during the Asian session on Wednesday, pulling back from the […]
Don’t Confuse Supply With Quantity Supplied

Don’t Confuse Supply With Quantity Supplied

Image Source: PexelsOther things equal, a reduction in price leads to a lower quantity supplied.But other things equal, the price never changes. Price always changes because other things are not equal.This tweet caught my eye:This is an example of what I call “reasoning from a price change”. Don’t do it!Most advocates of increased housing construction are proposing measures that would […]
Current Analysis: Corning Incorporated

Current Analysis: Corning Incorporated

Image Source: UnsplashCorning Incorporated (GLW) is a leader in materials science, specializing in the production of glass, ceramics, and optical fiber.The firm supplies products for a wide range of applications, from flat-panel displays in televisions to gasoline particulate filters in automobiles to optical fiber for broadband access, with a leading share in many of its end […]
How Geopolitical Tensions In Israel Impact Forex Markets

How Geopolitical Tensions In Israel Impact Forex Markets

Image Source: UnsplashThe forex market is very sensitive to many events across the globe. Some examples that affect the market include extreme weather conditions, natural occurrences, economic and geopolitical events. Notably, geo-political events are some of the key movers of the forex market. We already saw the geopolitical tensions between Russia and Ukraine have a significant impact […]
This Bull Trap Could Be A Huge Payday Into FOMC

This Bull Trap Could Be A Huge Payday Into FOMC

Image Source: UnsplashFOMC Tomorrow – Let’s Go!Markets pushed higher most of the day today…But once you see this trend-line on the 60minute, you’ll see why this BULL TRAP is my favorite trade for tomorrow!Emini and Nasdaq are both bullish, but we’re running into multiple resistance zones on the 60minute…I’d love to grab a BULL TRAP up […]
Metals Report For Tuesday, October 31

Metals Report For Tuesday, October 31

Image Source: PixabayIn this video, Ira Epstein reviews the day’s trading in the gold and other relevant metal markets.Video Length: 00:06:51More By This Author:SPDR ETF Report For Monday, October 30 Financial Markets Report For Monday, October 30Metals Report For Monday, October 30
Buy Ford, Sell Puts On Oil & Clean Energy

Buy Ford, Sell Puts On Oil & Clean Energy

Image source: PexelsWe are doing the retirement income options program where we will talk about half a dozen option-selling ideas that I think probably make sense for you.Video Length: 00:29:53More By This Author:Bad Banks Will Push Rates Lower In 2024Charting The Play: OXY. Hold Them Or Fold Them?Dividend Investing Opportunities
Macro: Chicago Business Barometer

Macro: Chicago Business Barometer

Similar to other regional surveys, down .1 from September and near the average for the year. Soft conditions. We need directional confirmation.Chicago Business BarometerMore By This Author:Macro: House Prices — All-Time HighsDon’t Miss These Year-End Financial Moves To Make Right NowMacro: Texas Manufacturing
US Crude Production Breaks Records As Shale Drives All Growth In Global Oil Supply Over Past Decade

US Crude Production Breaks Records As Shale Drives All Growth In Global Oil Supply Over Past Decade

Image Source: UnsplashWith core OPEC+ cartel members Russia and Saudi Arabia doing everything in their power to throttle oil output and push the price of oil higher, the US is again emerging as not only a thorn in OPEC’s side but as the marginal producer of world oil. According to EIA data, US crude oil production […]
COMMODITIES: Bitcoin, Bonds, DXY, Gold, Silver, Iron Ore, Copper, Uranium, Oil, Gas, Elliott Wave

COMMODITIES: Bitcoin, Bonds, DXY, Gold, Silver, Iron Ore, Copper, Uranium, Oil, Gas, Elliott Wave

Image Source: PexelsTradingLounge’s Daily Commodities Market Trading Report – Technical Analysis is Elliott Wave and Trading Strategies Content: Bitcoin, US Bond Yields, USD, DXY, US Gold XAU, GDX, Silver XAG, Gold Stocks, Iron Ore, Copper, Uranium, Crude Oil, Natural Gas. Commodities Market Summary: TLT Bonds will bottom out when US 10 Yr. Yields top out – […]