Category Archive: Finance
Elliott Wave Technical Analysis – Analog Devices Inc.
ADI Elliott Wave Analysis Trading LoungeAnalog Devices Inc., (ADI) Daily ChartADI Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: MotivePOSITION: Wave {ii} of 1.DIRECTION: Upside into wave {iii}.DETAILS: Looking for a bottom in wave {ii} to then continue higher as we are currently trading within the range of Minor Group1 at 210-230$.Analog Devices Inc., (ADI) 1H ChartADI Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: […]
China’s Banking System Is Melting Down All At Once
Image Source: Pexels Here comes Chinese central bank bond buying, but this is no QE. A report surfaced in China Daily strongly implying the Chinese government is beyond just exploring something called money-financed fiscal expansion. We’ll go over what that is, how it is different from QE, and what the real takeaway is.Video Length: 00:19:48More By […]
NZD/USD Price Forecast: Reversal Setup On Chart But Will Unlikely Set Off
NZD/USD surrenders daily gains as the US Dollar rebounds despite dovish Fed bets. The Kiwi pair exhibits a Bullish Divergence formation but will less likely get triggered. The RBNZ has reduced its interest rates by 125 bps to 4.25% this year. The NZD/USD pair gives up its intraday gains and returns below the round-level figure […]
Ciena Corporation Fails To Meet Expectations In Fiscal Q4 Results
Image Source: Unsplash Ciena Corporation (NYSE: CIEN) recently released its unaudited financial results for the fiscal fourth quarter ending November 2, 2024. The company reported a revenue of $1.12 billion, which shows a slight decrease from the $1.13 billion recorded in the same period the previous year.Despite this minor drop, Ciena’s president and CEO, Gary Smith, emphasized the […]
Multiple Data Points To Go Before A Santa Claus Rally
Photo by Jesson Mata on Unsplash Equity futures point to the stock market giving back some of its post-November Consumer Price Index (CPI) report pop this morning. Whether those futures turn around may hinge on the data found in this morning’s November Producer Price Index (PPI) report, which is expected to show core PPI for the month tick […]
Bitcoin Price Reclaims $100K: Is The Bull Run Back On?
Bitcoin price remained supported above the $95,500 zone. BTC is up over 5% and is now trading above the $100,00 resistance zone. Bitcoin started a fresh increase above the $97,500 zone. The price is trading above $98,800 and the 100 hourly Simple moving average. There was a break above a key bearish trend line with […]
USD/CAD Outlook: Loonie Surges Amid BoC’s Cautious Tone
The USD/CAD outlook shows a stronger loonie after Wednesday’s Bank of Canada policy meeting, where policymakers struck a slightly cautious tone. Meanwhile, the dollar was fragile as US inflation figures supported bets for a December Fed rate cut. The Bank of Canada cut rates by 50-bps on Wednesday but shifted to a more hawkish tone that […]
Understanding The Anger Over Healthcare In One Picture
Healthcare costs have soared. Obamacare failed to live up to its promises. And my lead image dramatically understates the problems with costs.Data from the BLS, chart by Mish Changes Since 1983 CPI: 208 percent Medical Care Services: 505 percent Hospital Services: 975 percent Medical Care Commodities: 308 Percent Changes Since Obamacare Started CPI: 41.28 percent […]
Crude Oil Jumps Back Above $70 As US Inventories Fall To Lowest Level
Oil prices increase for a fourth straight day this week. The EIA report on Wednesday revealed Cushing Crude Supply fell to a seven-year low. The US Dollar Index trades lower as the focus shifts to the European Central Bank interest-rate decision. Crude Oil trades higher for a fourth consecutive day on Thursday, jumping to $70, […]
AUD/USD Rebound Halts At 0.6425 And Keeps The Bearish Trend Intact
The Australian Dollar accelerated its rebound from year-to-date lows following stronger-than-expected Australian employment data seen earlier today. The pair, however, has met resistance at 0.6430. which keeps the broader negative trend intact. Australian employment showed a net increase of 36.6K in November, well above the 25K forecasted by the market and also above the downwardly […]
