Elliott Wave Technical Analysis: British Pound/U.S. Dollar
Photo by Colin Watts on Unsplash GBPUSD Elliott Wave Analysis Trading Lounge Day Chart, British Pound/U.S.Dollar(GBPUSD) Day Chart GBPUSD Elliott Wave Technical AnalysisFUNCTION: Counter Trend MODE: Impulsive as A STRUCTURE: red wave 3 […]
Japanese FX Intervention: Primed And Ready
Image Source: Pixabay With USD/JPY trading above 155, markets are now on high alert for BoJ FX intervention. Having secured a joint press release with US and Korean authorities last week to acknowledge serious concern over yen weakness, Tokyo will now feel it has Washington’s blessing to enter FX markets. We look at when and how […]
How Long Might It Take A Hacker To Crack Your Password By Brute Force In 2024?
Computing technology continues to increase in capability every year. For hackers with top-of-the-line equipment, it is easier than ever for them to run through millions of combinations of characters to discover your passwords than ever before.But how long that might take them still depends on how many characters long it is and what combinations of […]
Does Reflation Risk Threaten The Risk-On Signal For Stocks?
Animal spirits have come off the boil lately, but these are still early days for deciding if risk-on sentiment for equities has hit a wall or is in a holding pattern that allows markets to consolidate the gains of late. The analysis arises from a set of ETFs to gauge the risk appetite, based on […]
Meta Reports An Excellent Quarter – And The Stock Is -12%
Facebook (META) just reported an excellent 1Q24 – but the stock is off 12% in the after hours. Revenue was +27% and EPS +114% to $4.71 compared to the year ago quarter. Operating margin of 37.9% compares to 25.2% a year ago. 2Q24 revenue guidance of $36.5-$39.0 billion represents an 18% increase at the midpoint.Why […]
US Stock: Johnson & Johnson
Company: Johnson & JohnsonBloomberg ticker: JNJ USMarket cap: US$383,813mBackground: Johnson & Johnson, through its subsidiaries, is engaged in the research and development, manufacture, and sale of a range of products in the healthcare field. The Company’s primary focus is products related to human health and well-being. World Class Benchmarking of Johnson & Johnson Profitable Growth rank of 1 was […]
German Consumers Take An Optimistic Turn
Image source: Pixabay A better-than-expected improvement in consumer confidence not only adds to recent positive macro news out of Germany but also gives hope that private consumption could pick up over the coming months.Even German consumers are brightening up. Consumer confidence increased to the highest level in two years at -24.2 in May, from -27.3 in April. […]
Japanese Yen Hits All-Time Low As BoJ Meeting Commences
Image Source: Pixabay The USD/JPY pair reached an all-time high on Thursday, touching the 155.50 level. This development comes as the Bank of Japan (BoJ) starts its two-day monetary policy meeting with widespread expectations that the interest rate will remain unchanged at zero. Investors are keenly watching for any aggressive signals from the BoJ, as further […]
Thoughts For Thursday: Stock Indices Stay Steady Amid Corrections
So far April has been a month for corrections but the major indices have kept a steady keel from Tuesday to Wednesday, this week. Middle East tensions are keeping oil prices high which is spilling over to hesitation in some stocks.Pixabay The S&P 500 closed at 5,072 on Wednesday, (5,071 on Tuesday), up 1 point, the Dow […]
Two Trades To Watch: EUR/USD, FTSE Forecast
Image Source: Pixabay EUR/USD rises after German consumer confidence & ahead of US GDP data German consumer confidence rose to 24. US Q1 GDP is expected to slow to 2.5% from 3.4% EUR/USD tests 1.07-1.0725 resistance zone The EUR/USD is pushing higher after a flat finish yesterday as investors digest stronger-than-expected German consumer confidence and look […]
