The analysis of the EURJPY pair using the short term Elliott Wave view suggests that the rally from the low on 12.7.2023 is currently in progress as a 5 wave pattern. This indicates a significant uptrend in the market movement, with wave 1 ending at 163.71 and a subsequent pullback in wave 2 closing at
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As the Governor of the Bank of Greece, Yannis Stournaras, suggests that the European Central Bank (ECB) will likely reduce borrowing costs three times in a year rather than four, the implications for the Euro become apparent. Stournaras’s remarks indicate a cautious approach to monetary policy, taking into account the pace of economic growth and
The Internal Revenue Service (IRS) has announced its intentions to significantly increase audit rates for big corporations, partnerships, and multimillionaires over the next three years. This decision comes as the agency ramps up its enforcement spending and hiring to boost collections. Targeted Audits The IRS plans to triple the audit rate on corporations with assets
In the world of finance, it is crucial to conduct thorough due diligence before making any investment decisions. The content provided on various websites, including news, analysis, and opinions, should be taken with caution. It is essential to remember that this information is intended for educational and research purposes only. Any financial decisions should be
The recent drop in Brent crude oil prices to $83.95 per barrel has been attributed to the increase in crude oil inventories and production in the United States. The Department of Energy reported a rise of 7.30 million barrels in inventories, contrary to the predicted decrease of 2.3 million barrels. This unexpected surge in supply
The Federal Reserve recently made the decision to hold its ground on interest rates, choosing not to cut rates despite facing increasing challenges with inflation. This decision comes as the U.S. central bank continues to grapple with inflation that has proven to be more troublesome in recent times. The federal funds rate has been at
In the world of finance, it is crucial to remember that the information provided is for educational and research purposes only. This means that any decisions made based on this content should be thoroughly researched and analyzed. It is not enough to simply rely on the opinions and analysis provided by others, as the ultimate
In the world of finance, it is crucial to conduct thorough due diligence before making any decisions. The information provided on various websites may include general news, opinions, and analysis, which are not personalized for individual financial situations. Therefore, it is important for individuals to carefully research and consult with their advisors before taking any
The landscape for small and regional banks in the U.S. is becoming increasingly challenging. According to Christopher Wolfe, managing director at Fitch Ratings, many banks are at risk of failing or falling below their required capital levels. A recent analysis by Klaros Group revealed that 282 banks are particularly vulnerable due to their exposure to
As we delve into the Elliott Wave charts of Oil, we can observe bullish sequences in the cycle from the 67.75 low. This indicates a favorable outlook towards the long side, encouraging members to seek buying opportunities in 3, 7, and 11 swings. However, a cautionary note emerges from the short-term cycle following the April
The decline in U.S. stock index futures on Wednesday was largely attributed to downbeat results in chip stocks. Advanced Micro Devices (AMD) saw a 6.3% drop in premarket trading due to disappointing forecast for AI chip sales, while Super Micro Computer (SMCI) reported third-quarter revenue below estimates, leading to a 9.1% decline in its stock.
Gold has been experiencing a downward trend in the short-term, hovering near oversold territory. Tuesday saw gold bears taking control, pushing the price below the resistance-turned-support trendline. This decline brought the price closer to the 200-period exponential moving average (EMA) in the four-hour chart, currently standing at 2,280. Technical indicators such as the Relative Strength