Elliott Wave Technical Forecast: Unlocking ASX Trading Success: Rea Group Ltd.
ASX: Rea Group Ltd. – REA Elliott Elliott Wave Technical Analysis TradingLounge (1D Chart)Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with Rea Group Ltd. – REA. We identified that wave 2-red may have just ended, and wave 3-red could push much higher.ASX: Rea Group Ltd. – REA Elliott Wave Technical Analysis ASX: […]
Copper Market Commentary – Tuesday, May 14
Image Source: Pexels Copper Rally ContinuesThe rally in copper prices continues to gain ground this week with copper futures breaking out to further fresh highs on the year. Copper futures are now up around 33% off the YTD lows and look poised for further gains due to a supportive macro backdrop. Ongoing supply concerns, rising demand […]
Moving Average Crossovers Suggest The Bull Is Back
While there is much debate over whether another bear market is imminent, weekly moving average crossovers suggest a different outcome for now. There are many current concerns, from geopolitical risk to still inverted yield curves, slowing economic growth, high interest rates, and inflation. Yet, despite those concerns, markets are flirting with all-time highs.While 5% money […]
GBP/USD Forex Signal: Bearish Breakout Possible As H&S Pattern Forms
Bearish view Sell the GBP/USD pair and set a take-profit at 1.2500. Add a stop-loss at 1.2630. Timeline: 1-2 days. Bullish view Set a buy-stop at 1.2570 and a take-profit at 1.2630. Add a stop-loss at 1.2500. The GBP/USD exchange rate rose to its highest swing in a week ahead of a busy week in the forex […]
US Stock: United Parcel Service
Company: United Parcel Service IncorporatedBloomberg ticker: UPS USMarket cap: US$130,072mBackground: United Parcel Service Incorporated is a package delivery company and a provider of global supply chain management solutions. Its segments include U.S. Domestic Package and International Package. Its U.S. Domestic Package and International Package are together referred to as its global small package operations. Its global small package operations provide […]
Australia Will Release Its Annual Budget Today
Image Source: Pixabay At the end of Monday, the Dow Jones Index (US30) decreased by 0.21%, while the S&P 500 Index (US500) fell by 0.02%. The Nasdaq Technology Index (US100) closed positive 0.29%. Rising inflation expectations weighed on stocks after the New York Fed’s 1-year inflation expectation rose by 26 bps to a 5-month high of 3.26% from 3.00% in March. Stocks were also impacted by hawkish comments […]
Watch For 2% Plus Swings On A Surprise CPI Print In The EURUSD
Image Source: Pixabay On Wednesday we have the US CPI print being released and it is a major focus for the Fed.In the last Fed meeting, on May 01, the Fed confirmed that recent US inflation data had been disappointing. In the Press Conference Powell said, when asked about the prospect of 3 cuts this year, […]
Daily Market Outlook – Tuesday, May 14
Image Source: Pixabay Asian equity markets showed a mix of performance, while European futures displayed moderate softness. The global spotlight remains fixed on inflation, with anticipation surrounding today’s release of US producer price data and tomorrow’s consumer price report, as investors gauge potential shifts in central bank policies for the year. Later today, Federal Reserve Chair […]
Gold Uptrend Remains Intact Despite Recent Pullback
The XAUUSD (spot gold) remains in an overall uptrend that originated from the 1810 level. The recent pullback from the 2431 high is likely a consolidation phase within this broader uptrend. Range-Bound Trading Expected Over the next several weeks, the XAUUSD is expected to trade within a range, with the 2200 and 2431 levels acting […]
US Market Commentary – Tuesday, May 14
US Inflation Key This WeekWe’re seeing quiet trading across the board on Tuesday as traders brace for tomorrow’s headline CPI data. The reading will be pivotal in determining USD direction over the next month as traders look to the gauge to signal whether we’re likely to see Fed easing in September. A recent downturn in […]
