USOIL is showing a potential Inverse Head & Shoulders reversal pattern on the 15-minute timeframe after a prolonged corrective move. Price has already reclaimed the neckline area and is attempting to build bullish momentum. A successful breakout and hold above the neckline could trigger the next leg higher toward the projected target zone. The pattern…
Fiber (EUR/USD) has rejected off the pivot, which is a pullback resistance that aligns with the 61.8% Fibonacci retracement and could drop towards the 1st support whichis a swing low support. Pivot: 1.1582 1st Support: 1.1506 1st Resistance: 1.1646 Disclaimer:The opinions given above constitute general market commentary and do not constitute the opinion or advice…
XAUUSD remains in a bearish trend on the daily timeframe, continuing to form lower highs and lower lows. The current decline appears to be the final leg of a larger bearish cycle, with sellers maintaining control as price moves toward a significant liquidity area. From an Elliott Wave perspective, the market appears to be developing…
Market Analysis: GBP continues to be supported by previously strong UK retail sales data, which has eased market concerns over a UK economic slowdown. However, with no major UK economic data releases scheduled for today, GBP will largely move in line with the USD. If the US CPI exceeds expectations, GBP may face selling pressure…
US Dollar Index (DXY) is falling toward the pivot, a pullback support level that aligns with the 61.8% Fibonacci retracement and could bounce from this level to our take profit. Pivot: 99.51 1st Support: 99 1st Resistance: 100.24 Disclaimer:The opinions given above constitute general market commentary and do not constitute the opinion or advice of…
A Note From Bryan: Friday morning, the SpaceX IPO opens, and by midday, most investors won’t know what hit them. Karim and I have been wary of its valuation for months. Some are already calling it the world’s most expensive money-losing company. So while the crowd lines up like sheep to the slaughter, we’re doing…
If you think inflation means stores are dropping prices to win consumers back, think again. One of America’s historic footwear giant is actually betting on higher-priced products, and closing stores at your local malls. The way we buy shoes has radically transformed. Stiff dress shoes have been replaced by versatile comfort, according to the US…
You can find original article here WealthManagement. Subscribe to our free daily WealthManagement newsletters. ‘Engagement’ an Issue with Advisors, Next-Gen Clients uhnw-panel-2.jpg RIA leaders speaking on a panel at the UHNW Summit at Wealth Management EDGE said there is a pressing need for financial advisors to engage with their clients’ second-generation family members, rather than…
June 9 (Reuters) – Apollo and Blackstone are financing a $35 billion expansion of AI computing capacity for Anthropic using Broadcom’s custom chips and networking solutions as part of a tie-up between the asset managers and the chipmaker. The initial commitment will expand the Claude Code creator’s AI computing capacity by one gigawatt, the companies…
Diesel prices are continuing on a mostly downward trend, with the benchmark price used for most fuel surcharges falling to one of its lowest levels since military action against Iran commenced at the beginning of March. The Department of Energy/Energy Information Administration average weekly retail diesel price was published Tuesday, effective Monday, at $5.21/gallon. It…
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