The Commodities Feed: Oil Demand Risks Linger
Source: DepositPhotosWeak Chinese oil import data has added fresh concerns for the oil market. The EIA report also failed to provide support as a significant rise in the refined product inventories clouded the expectations for a seasonal demand pickup. Energy – China’s crude oil imports dropThe weakness in the oil market persists, with ICE Brent settling […]
Dogecoin Retreats To 0.09600 And Shiba Inu To 0.00000960
Dogecoin chart analysisDogecoin price is retreating from yesterday’s high at 0.10645 level. The decline stopped at the 0.09430 level last night, and we are holding above it for now. We had an attempt to recover, but we encountered resistance in the zone around the 0.09800 level. We are again turning towards the support zone and […]
Moody’s Cries Wolf – Nobody Pays Attention
Image Source: Pixabay Moody’s rating service lowered its outlook on the US credit rating to “negative” from “stable”. This is not a ratings downgrade; but rather a warning of things to come. This follows actual downgrades in the US credit ratings from Fitch and S&P Global Ratings.Yahoo Finance reports: “The key driver of the outlook change to […]
BTC/USD Forex Signal: Bitcoin Has More Upside As FOMO Intensifies
The BTC/USD pair has been in a strong uptrend in the past few months. Bullish view Buy the BTC/USD pair and set a take-profit at 26,000. Add a stop-loss at 42,000. Timeline: 1-2 days. Bearish view Set a sell-stop at 43,000 and a take-profit at 42,000. Add a stop-loss at 45,000. Bitcoin price is hovering near […]
Sensex Today Trades Lower; Paytm Cracks 20%
Asian shares slipped with Wall Street on Thursday, while a sharp fall in oil prices to a five-month low promised to further reduce inflationary pressures and helped boost the global bond market.The Nikkei is trading 1.3% lower while the Hang Seng index is trading 0.7% lower.US stocks ended dragged lower by energy stocks as oil […]
Elliott Wave Technical Analysis Day Chart: New Zealand Dollar/U.S. Dollar – Thursday, Dec. 7
Image Source: Pixabay NZDUSD Elliott Wave Analysis Trading Lounge Day Chart, 7 December 2023New Zealand Dollar/U.S. Dollar (NZDUSD) Day ChartNZDUSD Elliott Wave Technical AnalysisFunction: TrendMode: corrective as red wave 4Structure: red wave 4 of 3Position: Black wave 1Direction Next Higher Degrees: red wave 5 of 3Details; red wave 4 of blue wave 3 is in play, […]
If We See Stock Market Mean Reversion, Heads Will Spin
Image Source: PexelsWhen you do this for a while, there are years that really stick in your head when it comes to the notable and quotable dates of stock market lore. The years 1999 and 2000 are among them, for reasons of the end of the dot-com bubble. Keep those two specific years in mind as […]
Rates Spark: Science Fiction?
The 10Y UST yield is closing in on the 4% mark as if a weak jobs report tomorrow was a given. But underlying is also a further slide of inflation expectations. The front end is lagging, however, and being already priced aggressively for cuts, it will probably need these to become more imminent to rally further. Image […]
Elliott Wave Technical Analysis: BNBUSD – December 7
Image Source: PexelsElliott Wave Analysis TradingLounge Daily Chart, 7 December 23,Binance/ U.S. dollar(BNBUSD)BNBUSD Elliott Wave Technical AnalysisFunction: Counter TrendMode: CorrectiveStructure: FlatPosition: Wave CDirection Next higher Degrees: wave (2) of ImpulseWave Cancel invalid level:Details: wave (2) may end at 224.0 and the price increase again in wave (3)Binance/ U.S. dollar(BNBUSD)Trading Strategy : Binance’s recovery has been good, […]
SPDR ETF Report For Wednesday, December 6
Image Source: PixabayIn this video, Ira Epstein reviews the day’s trading in various SPDR-ETF markets for the trading day just ended, Wednesday, December 6.Video Length: 00:15:36More By This Author:Financial Markets Report For Wednesday, December 6Metals Report For Wednesday, December 6SPDR ETF Report For Tuesday, December 5
