Initial Jobless Claims, Ex Hurricane Beryl Distortions, Remain Very Positive
Initial jobless claims declined -17,000 to 233,000 last week. The four week moving average rose 750 to 240,750.
Gold Analysis: Future Of The $2400 Peak
The general trend for gold prices will remain up and the psychological resistance of $2,400 per ounce will remain important for bulls to control.
Ripple Soars After “Winning” Key Legal Battle
Ripple jumped ~18.69% yesterday and is continuing to post gains today.
Elliott Wave Technical Analysis: The TJX Companies Inc. - Thursday, Aug. 8
An in-depth look at TJX's price movements using the Elliott Wave Theory, helping traders identify potential opportunities based on current trends and market structure.
US: Initial Jobless Claims Rose Less Than Expected Last Week
Initial Jobless Claims rose by 233K vs. the previous week. Continuing Jobless Claims rose by 1.875M.
USD/JPY Declines To Near 146.00 On BoJ’s Hawkish Summary Of Opinions
USD/JPY drops to near 146.00 as Yen strengthens after BoJ’s hawkish summary of opinions.
Gold Forecast: Continues To See Massive Choppiness
Gold was all over the place during the trading session on Wednesday as we are trying to sort out what to do next.
AUD/USD Forex Signal: Inverse Head and Shoulders Forms
The AUD/USD exchange rate retreated in the overnight session as the bond market predicted that the Reserve Bank of Australia (RBA) would cut interest rates at least once this year. It moved to 0.6530, down from this week’s high of 0.6575.
AUD/JPY Clings To Hawkish RBA-Inspired Gains, Struggles To Build On Strength Beyond 96.00
AUD/JPY turns positive for the third straight day, albeit lacks strong follow-through buying. RBA Governor Michele Bullock's hawkish remarks boost the AUD and remain supportive.
Stocks Surge On Small Drop In Initial Jobless Claims; Continuing Claims Hits 33-Month High
The number of Americans filing for jobless benefits for the first time fell from 12-month highs at 249k to 233k last week.
Ripple Is Strengthening The Bullish Momentum, Tron Is Solid
The Ripple price made a strong bullish impulse to the 0.6437 level yesterday after the support at the 0.5000 level. Tron’s price continued its recovery and bullish consolidation today.
Eli Lilly And Company Shines In Q2 With $11.30B Revenue, 68% EPS Growth
Eli Lilly and Company has reported a strong financial performance for the second quarter of 2024, with revenue reaching $11.30 billion.
USD/CAD Forecast: Volatility Ahead With Key Data
During the Wednesday session, we saw the US dollar drop somewhat significantly against the Loonie, reaching the 50-day EMA.
The 50-day EMA, of course, is an indicator that a lot of people pay close attention to.
The Bank Of Japan Calms Markets
If you want more evidence that the recent spate of intense volatility was related to the yen carry trade, look no further than last night’s market-calming comments from Bank of Japan Deputy Governor Uchida Shinichi.
Told You So, Buyers
S&P 500 early session upswing didn‘t last, marginally overcoming Tuesday‘s rebound only to crater to Friday‘s close. Hardly bullish or turnaround just in situation – my early Tuesday‘s call and timing proved correct.