wallstreetbets

Is Johnson & Johnson About To Break Lower?

Shares in US pharmaceutical company Johnson&Johnson (J&J) are trading almost 1% lower ahead of the final US session of the week. The company’s shares have been back under selling pressure over recent weeks as the market once again tests the 161.23 level support. This came […]

Inflation Battle Rumbles On

Equity markets have witnessed a wild ride over the past week. US treasury yields and the hint of inflation have shaken the markets to their core. With the Fed pledging to maintain its easy-money policies until the economy recovers, just how far can yields go? […]

Inflation and the Next Commodity Supercycle?

Recently, there was quite a bit of media attention on the rise in silver prices. It had more to do with speculation of another attempt to corner the market similar to the GameStop move earlier in the month. But, that turned out to be just […]

Metals Reverse Lower As US Yields Soar

Gold The yellow metal saw plenty of volatility this week. Price rallied firmly at the start of the week, extending the recovery off the 1763.88 support. However, sellers stepped in ahead of the 1826.71 level and saw price turn sharply lower. Losses were amplified on […]

USDJPY Impulse or Ending Diagonal?

The USDJPY currency pair hints at a primary impulse wave Ⓐ of a bullish zigzag. Wave Ⓐ consists of intermediate sub-waves (1)-(2)-(3)-(4)-(5). Actionary waves (1) and (3) and corrective zigzag waves (2) and (4) have ended. At the time of writing, prices are rising within […]

Biden Approves Syria Airstrike

Dollar Gains Some Traction The dollar index closed 0.10% higher on Thursday after initially flirting with the 90 handle in early session trading. Jobless numbers told a positive story for America, as the figure dropped by 111K to 730K, the lowest in three months. In […]

Euro Rises to a Three-Month High

The euro currency finally broke past the resistance area of 1.2177 – 1.2144. The breakout pushed the common currency to a three-month high on an intraday basis. The gains come as the US dollar failed to maintain its reversal on Wednesday. If the current momentum […]

GBPUSD Holds Steady Above 1.41

The British pound sterling is giving back the gains from Wednesday. The declines come as the cable rose to a new three and half year high earlier this week. The current declines come as investors head into the weekend with the drop likely coming as […]

Crude Oil Holds Steady at a 13-Month High

Oil prices are steady after rising to a new 13-month high. The gains come as the latest report shows a drop in US Crude oil output. The weaker dollar is also helping the commodity to maintain its hold. For the moment, prices are supported near […]

Gold Prices Slip as Treasury Yields Rise

The precious metal continues to trade weak with price action extending declines for a third consecutive day. The declines come as Treasury yields are rising higher. Investors are betting that the global economy will re-open quicker than anticipated with appetite for further stimulus falling. Gold […]