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Gold Forecast: Struggles At Resistance Barrier
Article By:
Christopher Lewis
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Friday, May 17, 2024 3:55 AM EDT
Gold has pulled back from the crucial $2,400 level during trading on Thursday, which is an area that has been important multiple times.
In this article: GLD
Elliott Wave Technical Analysis: U.S. Dollar/Japanese Yen - Friday, May 17
Article By:
Peter Mathers
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Friday, May 17, 2024 3:43 AM EDT
The USD/JPY Elliott Wave analysis on the daily chart indicates that the market is currently in a corrective trend phase, specifically within red wave 2 of blue wave 1.
Euro Consolidates After Hitting Channel Resistance
Article By:
ForexCycle
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Friday, May 17, 2024 3:20 AM EDT
The EURUSD currency pair has failed to break above the top of the rising price channel visible on the 4-hour chart, pulling back from the 1.0894 high.
Natural Gas Enthusiasts Rejoice: Long-Term Sinewave Continues To Perform
Article By:
Tim Knight
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Friday, May 17, 2024 2:40 AM EDT
I know a lot of folks here are ga-ga over natural gas. I am so delighted to see that its long-term sinewave, which I’ve talked about off and on for the past year, continues to perform.
In this article: UNG
China’s April Activity Data Disappointed As Heightened Caution Persists
Article By:
ING Economics
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Friday, May 17, 2024 2:20 AM EDT
The story of this month’s data is that of prevailing caution by households and the private sector, as retail sales and fixed asset investment came in weaker than expected.
In Focus: Brookfield Infrastructure
Article By:
The Dividend Guy
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Friday, May 17, 2024 1:40 AM EDT
In focus this week is Brookfield Infrastructure (BIP / BIPC), one of the largest owners and operators of critical global infrastructure networks. BIP assets facilitate the movement and storage of energy, water, freight, passengers, and data.
Gold Price Gains Ground, With Fed Speakers In Focus
Article By:
Lallalit Srijandorn
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Friday, May 17, 2024 1:20 AM EDT
The gold price trades with a positive bias on Friday. The bullish move of precious metals in the previous sessions was bolstered by the softer-than-expected US inflation data in April, which triggered hope for rate cuts from the US Federal Reserve.
Elliott Wave Technical Analysis: Bitcoin/USD Crypto Price News
Article By:
Peter Mathers
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Friday, May 17, 2024 1:00 AM EDT
Overall, Bitcoin is still in an uptrend, but it is currently in a correction phase of the fourth wave, which appears to be complete. Therefore, it is an opportunity to rejoin the trend. Look for opportunities to open long positions.
USD/JPY Climbs To Near 156.00 As BoJ Maintains Bond-Buying
Article By:
Akhtar Faruqui
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Friday, May 17, 2024 12:40 AM EDT
USD/JPY rose to near 155.90 during the Asian session on Friday as the Japanese Yen (JPY) encountered renewed pressure.
This Bull Trap Could Make Us A Fortune On Friday
Video By:
Joseph James
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Friday, May 17, 2024 12:20 AM EDT
Markets are finally pulling back off recent highs…And this Rotation Pattern tells us this BULL TRAP might be our biggest win of the month!
Elliott Wave Expects Silver Pullback To Find Support
Article By:
Elliottwave Forecast
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Friday, May 17, 2024 12:00 AM EDT
Short-term Elliott Wave in Silver (XAGUSD) suggests the metal rallies in an impulsive structure from 10.3.2023 low. Up from there, wave (1) ended at 25.91, and a dip in wave (2) ended at 21.94.
Current Analysis: Smith & Nephew
Article By:
Fredrik Arnold
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Thursday, May 16, 2024 11:40 PM EDT
Smith & Nephew designs, manufactures, and markets orthopedic devices, sports medicine and arthroscopic technologies, and wound-care solutions. Over the past year, SNN's share price fell about 9.4% from $32.50 to $25.84 as of Thursday’s market close.
In this article: SNN
3 Stocks To Buy Following Positive Earnings Results
Article By:
Derek Lewis
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Thursday, May 16, 2024 11:20 PM EDT
Total earnings for the S&P 500 members that have reported Q1 results are up +4.8% from the same period last year on +4.1% higher revenues. The earnings growth pace reflects an acceleration relative to other periods