Category Archive: Finance, No picture
Daily Chart Time Frames
Image Source: Pexels How far back on a daily chart should you look at price action when evaluating a stock for a potential swing trade? What are the draw backs to just looking at the most recent price action like the past month? And how much is too much in terms of going back on a […]
Much Less Volatility Occurred In AI Stocks On Thursday
Image Source: Unsplash This article identifies the “major movers” – those stocks that have advanced or declined by 5% today, Thursday, July 25th. Yesterday 33 (58%) of the 57 AI stocks that munKNEE tracks on a weekly basis declined by 5% or more and only 1 advanced by more than 5%. Today, only 2 declined while […]
USD/CAD Forecast: Extends Into Resistance
The US dollar has extended its run against the Canadian dollar to the upside, and in my daily analysis, I can see that this asset still favors the US dollar over the Canadian dollar. This is especially as the Bank of Canada has shown itself to be dovish, as Ottawa cut rates this week. Ultimately, […]
Japan’s Inflation Is On The Rise
Image source: Pixabay At Thursday’s close, the Dow Jones Index (US30) added 0.20%, while the S&P 500 Index (US500) was down 0.51%. The Nasdaq Technology Index (US100) closed negative 0.93%. Stocks continued to decline on Thursday amid weakness in chip stocks and selloffs in several individual stocks driven by negative earnings surprises. In addition, the market continues to worry about weakening economic growth […]
New GDP Report Shocks The Market (What You Need To Know)
Image Source: Pexels A majority of Americans believe the US is in recession and has been for some time. Second quarter GDP came out wildly above expectations. So is everyone wrong? Not quite. In fact, the GDP estimates actually explain why people are so mad, what they are already doing about it, and why that spells […]
Sensex Today Trades Higher; SJVN Rallies 10%, MMTC 6%
Asian equities were mixed as traders weighed the firming expectations of Federal Reserve interest rate cuts against continued weakness in technology shares.Stocks in Australia, Japan, and South Korea climbed along with futures contracts for US equities on Friday.Wall Street experienced a notable shift on Thursday (July 25), as smaller stocks and previously underperforming market segments rallied, while […]
WTI Hovers Around $78.00, Steadies Ahead Of US PCE Inflation
Image Source: Unsplash WTI price remains on track for a third straight week of decline on Friday. Chinese growth concerns put pressure on crude Oil prices. Oil demand could be affected due to diminished odds for the Fed rate cuts in September. West Texas Intermediate (WTI) Oil price holds mild losses, possibly driven by better-than-expected US economic […]
FX Daily: Multiple Factors Still At Play In FX
Image Source: Pexels Equity selloffs, US election bets, and carry trade unwinding have contributed to a heterogeneous picture in the currency market. US data has been, to a certain extent, sidelined. Today’s June core PCE may trigger only a modestly negative USD reaction. USD/JPY could suffer larger losses again soon. USD: Oversupply of FX driversThe US GDP report for the […]
GBP/CHF Forecast: Drops Into Value Zone
The British pound has plunged much lower against the Swiss franc, yet again during the trading session on Thursday. In my daily analysis, the first thing that I noticed is that we reached the 200-day EMA, but then did show signs of support. It’s probably worth noting that we also have the 38.2% Fibonacci retracement […]
Elliott Wave Technical Analysis: VeChain Crypto Price News – Friday, July 26
Image Source: Freepik Elliott Wave Analysis TradingLounge Daily Chart,VeChain / U.S. dollar(VETUSD)VETUSD Elliott Wave Technical AnalysisFunction: Counter trend Mode: CorrectiveStructure: Double CorrectivePosition: Wave ((Y))Direction Next higher Degrees: wave II of ImpulseWave Cancel invalid Level: 0.2100Details: Wave II May is complete and the price increase again in Wave III.VeChain / U.S. dollar(VETUSD)Trading Strategy:VeChain’s trend seems to be over as […]
