Euro/British Pound (EURGBP)?– Day Chart OverviewEURGBP Elliott Wave Technical Analysis Function: Counter Trend Mode: Impulsive Structure: Navy blue wave 3 Position: Gray wave C Direction (Next Higher Degrees): Navy blue wave 3 (started) Details: Navy blue wave 2 appears completed, with navy blue wave 3 now in play. Wave Cancellation Invalidation Level: 0.84005 The EURGBP Elliott Wave analysis on the daily chart points to the market being in a counter-trend phase, characterized by impulsive movement. The focus is on navy blue wave 3, indicating that the market is moving in line with this wave, a crucial element of the Elliott Wave patt...
At this point, I suspect that the 155 yen level will end up being the floor in the market, unless of course something drastic happens that has a huge risk off trade going forward. Keep in mind though, Friday is the Bank of Japan interest rate decision and that of course will have its own influence on the market and could cause this pair to be very volatile. This is normal for yen-related pairs, but in the next few weeks, I suspect it will only get worse when it comes to the volatility. Interest Rate SwapAll of that being said, you get paid at the end of every day to hang on to this pair. I think the carried trade may come back into vogue, es...
Image source: PixabayThe market is gunning for a 50bp cut. But could that juice equities? Is that what the Fed wants? Is there a need for a big cut? On balance, a contrarian 25bp cut could prove a bigger statement. In Europe, despite lower rates, the uptake of the ECB’s MRO liquidity facility remains low, reflecting ample reserves. We’re in the 25bp cut camp. But either way we brace for some potential upside to market rates The market is urging the Federal Reserve to deliver a 50bp cut, now. It’s not fully discounted, but on balance the market is more positioned for a 50bp cut than a 25bp cut. If the Fed delivers a 50bp cu...
Image Source: PixabayTM Editors’ note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence.Hypera SA (HYPMY) is a specialty and generic drug manufacturing company. The company has a focus on the pharmaceutical segments of the Brazilian market, along with a presence in nonprescription drugs and branded generics.Hypera also possesses a share of generic medicines and prescription products. The company also has a wide sales and distribution structure. The Company’s operating segments are Consumer Health, Branded Prescription, Similars e Generics, Skincare, and th...
Image Source: UnsplashThe markets are at a pivotal point, and investors are closely watching what comes next. If you’ve been keeping an eye on the S&P 500, you’ve probably noticed some telltale bullish signs emerging on the charts. But what does it all mean, and how can we anticipate what’s coming next? In this post, we’ll break down a bullish setup that’s unfolding in the S&P 500 (SPX), explore key resistance levels, and explain how the upcoming Fed announcement could play a major role in the market’s next big move. The Bullish Setup: Understanding the Wyckoff Spring A spring in technical analysis is a classic setu...
Image Source: PixabayToday you will see GOLD price prediction based on the technical analysis. What is the support and resistance on the daily time frame for XAUUSD? What to expect where the price will breakout for the XAUUSD based on the supply and demand zones.Video Length: 00:02:20More By This Author:Gold Trading Strategy, XAUUSD Analysis & Forecast – Tuesday, September 17 US30 Dow Jones Analysis For The Week Ahead XPDUSD Trading Strategy: Palladium Analysis & Forecast...
Image Source: PixabayIn this video, Ira Epstein reviews the day’s trading in the gold and other relevant metal markets.Video Length: 00:07:30More By This Author:Financial Markets Report For Tuesday, Sept 17Financial Markets Report For Monday, Sept 16Financial Markets Report For Thursday, Sept 12...
Image Source: Unsplash Gold and spot ETFs like GLD and IAU have surged to a record high this year. The Federal Reserve has hinted that it will cut interest rates. There are signs that gold and associated ETFs could reverse. Gold price was hovering near its all-time high of $2,587 on Wednesday morning as investors waited for the Federal Reserve interest rate decision. It has been one of the best-performing metals as it jumped by over 40% from its lowest point in December last year.Gold has jumped by 25% this year while metals like iron ore, platinum, and palladium have struggled. Platinum is barely moved this year while iron ore has dropped b...
Image Source: PixabayElliott Wave Analysis TradingLounge Daily ChartNEO / U.S. dollar(NEOUSD)NEOUSD Elliott Wave Technical AnalysisFunction: Counter TrendMode: CorrectiveStructure: Double CorrectivePosition: Wave YDirection Next higher Degrees: Wave (II) of ImpulseWave Cancel invalid Level: 9.85Details: Wave (II) is likely to have ended and prices are resuming the uptrend.NEO / U.S. dollar(NEOUSD)Trading Strategy: It looks like the wave (II) correction is complete and the price is still likely to move up. Look for an opportunity to join the wave (III) uptrend.NEO / U.S. dollar(NEOUSD)Technical Indicators: The price is below the MA200 indic...
Image Source: PexelsWhen it comes to investing, there are two critical “bedrocks” we need to keep in mind. Everything else builds out from there. These two facts are why 95% of my favorite high-income investments, closed-end funds (CEFs), have made investors money over the last decade. Those include the 8.4%-yielding Adams Diversified Equity Fund (ADX).The two bedrocks are: 1) Diversification cuts your risk of loss. The more diversification, the lower your risk. And 2) In the long term, stocks and bonds make money, regardless of short-term volatility.ADX’s portfolio of large cap stocks includes Microsoft Corp. (MSFT), Visa Inc. ...