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Financial Markets Report For Tuesday, Dec 10

December 10, 2024 - by - Leave a Comment

Image Source: In this video, Ira Epstein reviews the activity in the Financial Markets after the day that just ended, Tuesday, December 10.Video Length: 00:12:20More By This Author:Metal Markets Report For …

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Financial

Nasdaq 100 & S&P 500 Elliott Wave Update – Tuesday, Dec 10

December 10, 2024 - by - Leave a Comment

Image Source: Not much to be added to the current analysis – the minuette 4th waves in the NQ and ES continue to unfold on Tuesday. While I do feel that …

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Financial

Preparing For An Inflation Uptick

December 10, 2024 - by - Leave a Comment

Image Source: US MARKETSUS stocks paused on Tuesday, with investors treading cautiously on the eve of a critical consumer inflation report that could dictate the Federal Reserve’s next move on interest …

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Financial

WTI Remains Capped Below $68.50 On Disappointing Chinese Data, Surprise Climb In Crude Inventories

December 10, 2024 - by - Leave a Comment

Image Source:  WTI trades with mild gains near $68.20 in Wednesday’s early Asian session.  Discouraging Chinese economic data and a surprise climb in crude inventories drag the WTI lower.  US …

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Financial

TASI Index Elliott Wave Technical Analysis

December 10, 2024 - by - Leave a Comment

TASI Index Elliott Wave Analysis – Trading Lounge Day ChartTASI Index Elliott Wave Technical Analysis Function: Bullish Trend Mode: Impulsive Structure: Gray Wave 3 Position: Orange Wave 3 Direction (Next Higher Degrees): Gray Wave 3 (initiated) …

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Financial

The Case For Accelerating Inflation Is Weak

December 10, 2024 - by - Leave a Comment

No economic news again today. Tomorrow we will get the CPI report for November. As to which, I have read a few posts in which the claim is made that …

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Financial

The Likelihood Of A Plaza Accord 2.0

December 10, 2024 - by - Leave a Comment

 at OMFIF discusses the likelihood of an new Plaza Accord to depreciate the dollar. Given one would need Euro area and Chinese agreement, the assessed likelihood is low A Mar-a-Lago …

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Financial

Stocks And Precious Metals Charts – CPI Coming Out Tomorrow

December 10, 2024 - by - Leave a Comment

Stocks were slumping again today. marked time.The Dollar ticked up.Gold rallied sharply higher up to key overhead resistance.Silver moved sideways.CPI data coming out tomorrow.It may impinge on the Fed rate …

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Financial

Small Business Facts Vs. Feelings

December 10, 2024 - by - Leave a Comment

Early this morning, the National Federation of Independent Business (NFIB) released its November survey for small business sentiment. As shown below, the headline Optimism Index surged by 8 points month-over-month for …

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Financial

Bitcoin: Floating On Air

December 10, 2024 - by - Leave a Comment

Image Source:  A simple observation on Bitcoin reveals that it’s floating on air following its parabolic breakout above 70,000 during the week of November 4, as shown on the following weekly chart.A break and hold below 90,000 could …

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