Elite_Forex

Elite_Forex Updated 

Some of the world's biggest money managers are looking outside the US for the next wave of AI winners. At a time when global euphoria around AI has caused a three-fold jump in Nvidia Corp. and a 50% jump in a key US index for semiconductor makers in less than a year, investors are turning to emerging markets for better value and a greater range of options. The...

Elite_Forex Updated 

Efforts are underway to head off a full-blown Middle East war. What’s Happening Now: A tense calm prevailed in the Middle East after Iran’s missile and drone attack on Israel. Global markets showed signs of stability on speculation the conflict will remain contained. Iran said there wouldn’t be further attacks as long as Israel didn’t react aggressively,...

Elite_Forex Updated 

Despite short-term challenges like revenue and earnings declines in the current quarter, Pfizer (PFE) maintains a positive long-term growth trajectory. With optimistic earnings estimates for the full fiscal year, consistent EPS beats, and a discounted valuation relative to peers, Pfizer represents an attractive investment opportunity. Trade Idea: Buy Pfizer...

Elite_Forex

Oil investors piled into the options market days before Iran launched its attack on Israel and traded a record amount of contracts that profit from higher prices. Just over 1 million calls on the global Brent crude benchmark traded last week, surpassing a previous record, according to data compiled by Bloomberg. The volumes were focused on contracts at $95 and...

Elite_Forex

Not much of a technical analysis as we can see but there is not much we can do about it. The chart is just parabolic due to the high amount of big companies hedging against the worse-than-expected harvest. The fundamental analysis could not be much of a help either because nothing can resonate with such pricing for the cocoa. This type of trade is just speculative...

Elite_Forex

We can see the trend channel on the 4H and hours before the NYSE ope we will be sitting at key diagonal support levels. S&P tends to flash crashes in march and it won't be big of a surprise if we see a quick 4-8% test to lower levels. We also have the FOMC this week which could be the catalyst for such a move. The current bullish move looks exhausted already and...

Elite_Forex

Stock futures rose and bonds trimmed losses after inflation figures that matched expectations reinforced speculation the Federal Reserve will be able to cut rates in the second quarter of 2024. Equities were poised to extend their February gains after the Fed’s favored inflation gauge — the core personal consumption expenditures price index — rose 2.8% in January...

Elite_Forex

If we look at the global financial markets, the price of natural gas has fallen by about 40%, and here comes the moment to ask ourselves whether this negative decline represents an opportunity for investors. To analyze this situation we decided to compare the average return of the asset against seasonality. This is cautioned, in no way should it be taken as...

Elite_Forex

USD: S&P 500 at 5000 US asset markets are having a good few weeks. Equity benchmarks are pushing up to fresh highs and last night's US 10-year Treasury auction saw decent demand. Leading the charge in US equities has been the big tech stocks. Just looking across the consensus price targets of the 'magnificent seven', the targets remain anywhere from 6% (AAPL) to...

Elite_Forex

Fed Reaction In the morning update for February 1, 2024, the focus is on the aftermath of the Federal Reserve's recent policy announcement. Fed Chair Jerome Powell acknowledged recent inflation but emphasized the need for more data before making decisions. The market responded with a 1.6% drop in the S&P 500, the most significant since September, although a...

Elite_Forex Updated 

AUD/USD started 2024 strong, above 0.68 after a nearly 4% rally in December. However, the exchange rate soon ran into trouble and reversed this rally. I maintain the Q1 and Q4 forecasts for AUD/USD of 0.68 and 0.72 respectively. While there is a further repricing of the Fed, which will weigh on the exchange rate, investors will also push back expectations for RBA...

Elite_Forex

President Xi Jinping’s New Year address put paid to hopes of much larger stimulus. In his address, President Xi pointed to the consolidation and enhancement of the economic recovery and no signs of a boost from policy coming. Furthermore, China’s economic growth for 2023 came out at 5.2%, above the central government’s 5% forecast, which it boasted it was able to...

Elite_Forex

The sharp falls in Tokyo inflation for January remind investors of the ending of the BoJ’s YCC and/or NIRP in 2024 are not set in stone. Tokyo inflation is a very good leading indicator for the nationwide inflation data. Tokyo inflation excluding fresh food as well as headline inflation plunged below the BoJ’s 2% target to 1.6% YoY; well below the consensus...

Elite_Forex

The ECB left its monetary policy unchanged, in line with expectations. The information available since the December meeting has largely confirmed the central bank’s assessment of the medium-term inflation outlook, leaving the Governing Council (GC) in a wait-and-see mode. ECB President Lagarde confirmed her Davos comments, hence indicating that she still expects...

Elite_Forex

Revenue: $156.2 billion Net Income: $14.7 billion Market Cap: $114.8 billion 1-Year Trailing Total Return: ~7.5% Exchange: OTC Markets According to Investopedia, it is the 3rd biggest Chinese company and in the top 5 insurance companies in the world Ping An Insurance provides insurance, financial services, and banking. It is one of the top 50 companies...

Elite_Forex Updated 

Tesla experienced a notable setback, with its stock falling as much as 4.2% during Friday's trading session. This decline marks the 11th drop in 12 sessions. The dip follows Hertz Global Holdings Inc.'s announcement of plans to sell off a third of its U.S. electric-vehicle fleet, contributing to the downward pressure on Tesla's shares. Adding to the challenges,...

Elite_Forex Updated 

The recent Houthi attacks on oil tankers have escalated geopolitical tensions, particularly impacting the global oil market and consequently influencing the Canadian dollar (CAD) as a commodity currency. Simultaneously, the Bank of Japan's (BOJ) cautious stance post-earthquake suggests potential extensions of accommodative measures. Geopolitical uncertainties,...

Elite_Forex Updated 

Hello guys, everyone who has followed me long enough knows that 99% of my trades are backed by economic data, news, or fundamental analysis, but this one is not the case. This is purely a short-term trade with high probability since Bitcoin is down for the day as the time of writing and there is a good chance that #sol will reverse and follow the main...