Category Archive: Finance
GBPUSD Forex Elliott Wave Technical Analysis
GBPUSD Elliott Wave Analysis Trading Lounge Day Chart, British Pound/U.S.Dollar(GBPUSD) Day Chart GBPUSD Elliott Wave Technical Analysis FUNCTION: Trend MODE: corrective STRUCTURE: red wave […]
Analytical Overview Of The Main Currency Pairs – Friday, May 3
The EUR/USD currency pairTechnical indicators of the currency pair: Prev Open: 1.0713 Prev Close: 1.0724 % chg. over the last day: +0.10 % The monthly Non-farm payrolls labor market report will be released in the US today. In April, the US economy is expected to add 243,000 new jobs after 303,000 in March. The unemployment rate was unchanged at 3.8%, and […]
Daily Market Outlook – Friday, May 3
“Huge Apple Buyback Boosts Markets Ahead Of Pivotal US Payrolls”On Friday, Asian stocks reached their highest level in 15 months, driven by the tech sector and Hong Kong stocks. Meanwhile, the yen strengthened, moving further away from its recent 34-year lows, following a week of suspected intervention by Japanese authorities. With Japan and mainland China […]
Bitcoin Bearish Reversal Month Sets Up Possibility For Deeper Setback
The market pushed to a fresh record high in the month of March but at the same time it is important to acknowledge that we have seen a consecutive monthly gain and at this stage it’s possible the bearish reversal month in April sets up a possibility for a deeper setback and correction.Video Length: 00:00:48More […]
Coinbase And Block Inc.stock Prices Are Up, But Is The Crypto Party Over?
This morning, stock prices for cryptocurrency exchange platform company Coinbase Global Inc (COIN) are up almost 9% in pre-market trading.Meanwhile, cryptocurrency-focused financial services company Block Inc (SQ) (which allows clients to transact and invest in stocks using Bitcoin) has enjoyed a similar surge in price. The company’s stock price has shot up 5.18% today so […]
GBP/USD Forecast: Sees Sluggish Behavor Can Cable Rise Further?
If we turn around and break down below the bottom of the candlestick from the Wednesday session, then I think you could see the US dollar start to overwhelm the British pound, perhaps sending this pair down to the 1.24 level. In fact, I think that’s the most likely of scenarios. However, I also recognize that if […]
Block Inc. Stock Analysis & Elliott Wave Technical Forecast
ASX: BLOCK INC. – SQ Elliott Elliott Wave Technical Analysis TradingLounge (1D Chart)Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with BLOCK INC. – SQ2. We confirm a trading opportunity when wave ii-blue is unfolded to push lower, then the focus will be on the push higher with wave iii-blue.ASX: BLOCK INC. – SQ Elliott Wave Technical […]
Powell’s, “Let There Be Light” Stock Market (And Sentiment Results)
image source: RedditChair Powell came to play yesterday and the market liked it. Is this the bottom in the short term 3-8% pullback we started calling for in Q1 on our podcast|videocast(s)?We don’t know, but what we can tell you is that our last hedge (Semi’s put spread) came off on Wednesday – on the back […]
Is The NFP Cat Out Of The Bag?
Image Source: PixabayAsian markets are buoyant ahead of the US labour report as US Treasury yields continued to decline on Thursday, anticipating a softer US non-farm payrolls release. There is some market speculation that Fed Chair Powell let the NFP cat out of the bag during his relatively dovish presser.The dovish Powell lean is still reverberating […]
FX Daily: Bearish Dollar Momentum Faces Key Payroll Test
Image Source: UnsplashThe post-FOMC hawkish repricing of Federal Reserve rate expectations is applying pressure on the dollar, although today’s US jobs figures will be the real pivotal event for FX. Our call is for a slightly softer than consensus print at 210k, which can keep the dollar soft. In Norway, Norges Bank may have some reasons to […]
