The tech-heavy Nasdaq 100 ETF (QQQ) finds itself at a critical technical juncture just as tech giants prepare to release earnings! Will strong tech earnings fuel a sustained breakout above the rising wedge, or could any disappointments trigger a pullback to test buyer commitment? Check out these inflection points I’m watching on the 4-hour time frame: Nasdaq 100 ETF…
Crude oil futures are settling the day at $67.38. That is down -$4.40 or -6.13%. The low reached $66.94. The high price reached $68.84. The declines were in response to the limited Israeli retaliatory strike on Iran, which avoided oil facilities. However, there is other fundamental influences which can support or weaken prices going forward. Counter to the retaliation…
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does…
2024.10.28 2024.10.28 US Dollar May Brew Rally Ahead of Crucial Data. Forecast as of 28.10.2024 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ In response to prevailing pessimism, speculators swiftly relocated their focus back to the US dollar. The prospect of trade wars and armed conflicts is a cause for concern for the global economy. In such circumstances, it is standard practice to sell the…
US 10 year yields, daily Last week, Goldman Sachs warned that a rise in 10-year yields to 4.30% could create a negative feedback loop with stock markets. We’re getting close as 10-year yields rise 5.6 bps today to 4.286%, which is the highest since late July. The latest leg higher comes after a 2-year sale tailed by 0.8 bps….
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does…
2024.10.28 2024.10.28 Short-term Analysis for BTCUSD, XRPUSD, and ETHUSD for 28.10.2024 Roman Oneginhttps://www.litefinance.org/blog/authors/roman-onegin/ Dear readers, I’ve prepared a short-term forecast for Bitcoin, Ripple, and Ethereum based on the Elliott wave analysis. The article covers the following subjects: Highlights and key points BTCUSD: The price is expected to rise in correction to a peak of 68,782.00. Consider long positions from…
According to this wonderful matrix from Carson Investment Research, October 28 is the best day of the year for the S&P 500, historically. Now I don’t put much weight in daily averages because they’re highly influenced by unique events but Goldman Sachs also notes that “Today marks the first day of the open window period for corporate buybacks with…
Potential for the US Dollar (USD) to rise to the major resistance at 153.40; the major resistance at 154.00 is likely out of reach for now. In the longer run, upward momentum remains strong; the next level to monitor is 153.40, followed by 154.00, UOB Group’s FX analysts Quek Ser Leang and Lee Sue Ann note. The next level…
2024.10.28 2024.10.28 Yen Plunges But Keeps Hopes Alive. Forecast as of 28.10.2024 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ Political uncertainty has led to fluctuations in the USDJPY exchange rate. In the wake of the Liberal Democratic Party’s (LDP) underwhelming performance in the recent elections, the question on many minds is: Who will lead Japan’s government going forward? Will Donald Trump’s policies have an…