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Elliott Wave Technical Analysis – Visa Inc.

December 13, 2024 - by - Leave a Comment

V Elliott Wave Analysis Trading LoungeVisa Inc., () Daily ChartV Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: MotivePOSITION: Wave 5 of (1).DIRECTION: Upside in wave 5.DETAILS: We are looking for a potential …

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Financial

Economic Indicators And The Trajectory Of Earnings

December 13, 2024 - by - Leave a Comment

Understanding the trajectory of corporate earnings is crucial for investors, as these earnings significantly influence stock valuations and market performance. Economic indicators such as Gross Domestic Product (GDP), the Institute …

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Financial

EUR/GBP Rallies To Levels Near 0.8300 After Disappointing UK Data

December 13, 2024 - by - Leave a Comment

 Image Source:    The Euro bounces up from two-year lows with the GBP tumbling after weak UK data. UK GDP contracted for the second consecutive month in November. The diverging …

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Financial

XAUUSD Dips Below $2,670

December 13, 2024 - by - Leave a Comment

XAUUSD dropped under $2,670 after reversing gains US producer prices surged, raising inflation fears Markets still see 25bps Fed cut in December SNB and BoC delivered sharper-than-expected cuts BoJ may hold rates Gold dipped below $2,670 per …

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Financial

US Dollar Falls Flat, Possible Sixth Straight Trading Day With Gains

December 13, 2024 - by - Leave a Comment

The US Dollar sprinted higher in early trading on Friday for a sixth consecutive trading session.  The Greenback is favored after the European Central Bank rate cut on Thursday, China’s promise …

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Financial

Tensions Over Silver And Resumption Of Physical Gold Purchases

December 13, 2024 - by - Leave a Comment

This week, Cyrille Jubert published an excellent  on the explosive silver situation. The silver chart pattern is reminiscent of that seen at the end of 2010:(Click on image to enlarge)The  remains historically high, …

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Financial

Broadcom’s AI Revenue Soars 220% To $12.2B Amid Growing Demand

December 13, 2024 - by - Leave a Comment

Image Source:   Broadcom (Nasdaq: ) reported a remarkable surge in artificial intelligence revenue, marking a  over the past year as it published its fourth-quarter earnings results. This substantial growth has propelled …

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Financial

Polish Inflation Shows Limited Room For Easing In 2025

December 13, 2024 - by - Leave a Comment

Image Source:   CPI inflation eased to 4.7% YoY in November, mainly on a statistical basis, while services and core inflation increased. The coming months should also bring a higher headline rate, peaking in …

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Financial

Japan’s Tankan Was Uninspiring And UK Disappoints With Contracting Economy In October

December 13, 2024 - by - Leave a Comment

Image Source:   Overview: The US dollar is mixed against the G10 and emerging market currencies to finish out the week. Among the G10, sterling and the yen are the heaviest. Japan’s …

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Financial

Nasdaq Futures Rise On Broadcom’s AI Surge, While Markets Weigh Inflation Data And Fed Rate Cut Outlook

December 13, 2024 - by - Leave a Comment

A 220% increase in AI-related revenue and robust guidance propelled Broadcom shares by 15%, signaling continued optimism in AI-driven sectors. This positions the Nasdaq 100 for a strong rebound, underscoring …

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