There is something I dislike about the obvious trade on Gold right now. Everyone can see 4,570. Everyone can see price approaching it. And that is exactly why I do not want to simply place a BUY there. The H1 chart has been leaking lower since the rejection from 4,670. More importantly, every recovery has…
The short‑term Elliott Wave outlook for the S&P 500 ETF (SPY) continues to indicate that the cycle from the June 27 low is progressing as a well‑defined impulse. From that low, wave ((i)) advanced to 756.22, followed by a measured pullback in wave ((ii)) that found support at 725.96, as reflected in the one‑hour chart….
Yesterday Recap – 27/8/26 Yesterday, EURTHB closed at 38.28 in the Thai market. Meanwhile, the market was closely watching the ECB Monetary Policy Meeting Accounts to assess the ECB’s interest rate outlook. The EUR continued to receive support from expectations that the ECB may maintain a restrictive monetary policy stance for an extended period. Fundamental…
Aug 27 (Reuters) – Nvidia has paused some deals in a new financing initiative that offered credit support to AI cloud companies in exchange for a share of revenue, the Wall Street Journal reported on Thursday, citing people familiar with the matter. Some Nvidia employees expressed concerns to current and potential customers that the initiative…
Bernstein analyst Gautam Chhugani trimmed the price target on the Strategy (Nasdaq: MSTR) stock on Aug. 25. The analyst cut the price target from $450 to $350 while keeping an “Outperform” rating on the shares. He attributed the target cut to his updated Bitcoin cycle outlook and Strategy’s equity dilution. With 840,447 Bitcoin (BTC) on…
Expert expectations still haven’t caught up with Nvidia’s actual numbers. In its Q2 fiscal 2027 earnings report, the chipmaker announced $96.2 billion in revenue and $59.6 billion in net income, both up over 100% year-over-year. Those numbers are well above Wall Street estimates at $91.96 billion in revenue and $50.94 billion in profits, as reported…
Rubrik (RBRK) reported fiscal second quarter financial results that handily beat estimates while October quarter sales guidance topped views. Rubrik stock fell in after-hours trading amid a big run-up and high expectations. The data storage and security software firm reported earnings after the market close on Thursday. Rubrik reported earnings of 20 cents per share…
Consumer financing firm Affirm Holdings (AFRM) reported fiscal fourth-quarter earnings and revenue that topped Wall Street targets while fiscal 2027 guidance for a key financial metric came in above expectations. Affirm stock climbed on the news. The San Francisco-based company reported July-quarter earnings after the market close on Thursday. The company reports results using generally…
Massachusetts Sen. Elizabeth Warren sent a letter to Fed Chairman Kevin Warsh on Thursday, ahead of the central bank’s high-stakes gathering in Jackson Hole, calling on him to increase transparency of communication about the state of the economy and monetary policy. “I urge you to use your scheduled speech at Jackson Hole to start being…
Corn futures are fading back on Thursday, with contracts 2 to 3 cents lower so far at midday. The CmdtyView national average Cash Corn price is back down 2 3/4 cents at $4.82 1/4. Export Sales data from this morning showed 31,220 MT of old crop corn for the week of 31,220 MT, which was within…
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