Category Archive: Finance
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 […]
SPDR ETF Report For Thursday, May 2
Image Source: PixabayIn this video, Ira Epstein reviews the day’s trading in various SPDR-ETF markets for the trading day that ended, Thursday, May 2.Video Length: 00:12:24More By This Author:Financial Markets Report For Thursday, May 2Financial Markets Report For Wednesday, May 1Metals Report For Tuesday, April 30
After Sharp Pullback, Where Does Gold Go Next?
Image Source: UnsplashEven when you know it’s coming at some point, the shock of a market sell-off like what we saw recently in gold is still unsettling. After seven weeks of dizzying gains with few interruptions, gold had gotten tremendously overbought. The good news as I write is that this medicine, while harsh going down, was […]
Nasdaq 100 & S&P 500 Elliott Wave Update – Thu, May 2
Image Source: UnsplashTonight I continue to update both the A and B version of the preferred count — The B version (more bullish) is reflected in the update —Video Length: 00:19:27More By This Author:Nasdaq 100 & S&P 500 Elliott Wave Update – Wed, May 1Nasdaq 100 & S&P 500 Elliott Wave Update – Tue, April 30Nasdaq […]
Elliott Wave Technical Analysis: BNBUSD Price News
Image Source: PixabayElliott Wave Analysis TradingLounge Daily ChartBinance/ U.S. dollar(BNBUSD)BNBUSD Elliott Wave Technical AnalysisFunction: Counter TrendMode: CorrectiveStructure: TrianglePosition: Wave ((E))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 in Wave E before an increase in […]
Australian Dollar Gains Ground On Hawkish RBA, Nonfarm Payrolls Awaited
Image Source: Pixabay The Australian Dollar rises on hawkish sentiment surrounding the RBA prolonging higher interest rates. Australia’s central bank is expected to maintain its current rate at 4.35% until the end of September. US Nonfarm Payrolls is expected to print a reading of 243K for April, compared to 303K prior. The Australian Dollar (AUD) continues […]
Elliott Wave Analysis On EURJPY Expects Support Soon
Image Source: UnsplashShort Term Elliott Wave View on EURJPY suggests the rally from 12.7.2023 low is in progress as a 5 waves. Up from 12.7.2023 low, wave 1 ended at 163.71 and pullback in wave 2 ended at 160.21. Pair extended higher in wave 3 towards 171.58. The 60 minutes time frame below shows the rally […]
WTI Holds Above $79.00 Ahead Of US NFP Data
Photo by Timothy Newman on Unsplash WTI prices recover to $79.00, gaining 0.28% on Friday. A surprise build in US crude stocks exerts some selling pressure on black gold prices. WTI prices edge lower amid weaker global demand and easing Middle East geopolitical risks. Western Texas Intermediate (WTI), the US crude oil benchmark, is trading around $79.00 on Friday. The black gold rebounds modestly from a […]
Big Quarterly Beats After The Bell: AAPL, SQ, COIN & More
Image Source: PexelsMarket indices put up healthy numbers this Thursday. Following well-behaved Jobless Claims figures (but surprisingly worse Productivity/Unit Labor Costs), off a mostly down day Wednesday and a tough ride since Monday’s high, markets forged higher: the Dow gained +322 points, +0.85%, the S&P 500 was +0.91%, the Nasdaq up an impressive +235 points, +1.51%, […]
