Analyst news

• Eli Lilly seeks FDA’s OK to expand Zepbound’s uses to include sleep apnea

  21-06-2024 22:48 via rocketnews.com
  Eli Lilly said Friday that it has applied for U.S. regulatory approval to expand the use of its weight-loss drug Zepbound to include treatment of sleep apnea, as new data show the drug may help many people breathe easier at night.
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  [mwai_chat context=”Let’s have a discussion about this article:nnEli Lilly said Friday that it has applied for U.S. regulatory approval to expand the use of its weight-loss drug Zepbound to include treatment
  
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• Car dealerships go ‘old school’ as CDK Global cyberattack forces some services to go back to paper

  21-06-2024 22:26 via rocketnews.com
  Service orders, sales, title work and even payroll calculations for hourly mechanics are halted at most car dealers in the U.S. as a software provider works through a cyberattack.
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  [mwai_chat context=”Let’s have a discussion about this article:nnService orders, sales, title work and even payroll calculations for hourly mechanics are halted at most car dealers in the U.S. as a software provider works through a cyberattack.nnDiscussion:n
  
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• How a Florida traffic stop unraveled a multistate unemployment-benefit scam

  21-06-2024 22:04 via rocketnews.com
  After Tampa police found a ledger and debit cards in other people’s names in Damond Alford’s car, investigators were able to piece together how $300,000 had been stolen.
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  [mwai_chat context=”Let’s have a discussion about this article:nnAfter Tampa police found a ledger and debit cards in other people’s names in Damond Alford’s car, investigators were able to piece together how $300,000 had been stolen.nnDiscussi
  
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• Why Israel-Hezbollah tensions aren’t shaking up the oil market yet

  21-06-2024 20:29 via rocketnews.com
  Rising tensions in the Middle East following an Israeli military attack on Hezbollah targets in southern Lebanon are bound to raise concerns about crude supplies in the region, yet failed to contribute to a rise in oil prices on Friday.
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  [mwai_chat context=”Let’s have a discussion about this article:nnRising tensions in the Middle East following an Israeli military attack on Hezbollah targets in southern Lebanon are bound to raise conc
  
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• Here’s what to expect from gold, oil and other commodities in the second half of 2024

  21-06-2024 18:15 via rocketnews.com
  Commodities have erased most of their 2023 losses in just the first half of this year, with the “China effect” partly to blame for changes in metals prices. Analysts aren’t surprised.
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  [mwai_chat context=”Let’s have a discussion about this article:nnCommodities have erased most of their 2023 losses in just the first half of this year, with the “China effect” partly to blame for changes in metals prices. An
  
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• U.S. economy flexes muscles in June, S&P finds, and poised for ‘robust end’ to second quarter

  21-06-2024 17:06 via rocketnews.com
  The U.S. economy expanded in June at the fastest pace in more than two years, a pair of S&P surveys found, amid growing optimism among business leaders about the future.
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  [mwai_chat context=”Let’s have a discussion about this article:nnThe U.S. economy expanded in June at the fastest pace in more than two years, a pair of S&P surveys found, amid growing optimism among business leaders about the future.nnDiscussion:nn” ai_
  
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• XAUUSD: Elliott wave analysis and forecast for 21.06.24 – 28.06.24

  21-06-2024 14:40 via litefinance.org
  
  Main scenario: after correction, consider short positions below the level of 2449.48 with a target of 2218.46 – 2161.56.Alternative scenario: breakout and consolidation above the level of 2449.48 will allow the pair to continue rising to the levels of 2500.00 – 2560.00Analysis: the fifth wave of larger degree (5) is forming on the daily chart, with wave 3 of (5) unfolding as its part. Apparently, the third wave of smaller degree iii of 3 is formed on the H4 time frame, and a descendi
  
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• WTI Crude Oil: Elliott wave analysis and forecast for 21.06.24 – 28.06.24

  21-06-2024 14:10 via litefinance.org
  
  Main scenario: consider short positions from corrections below the level of 87.75 with a target of 67.60 – 57.00.Alternative scenario: breakout and consolidation above the level of 87.75 will allow the asset to continue rising to the levels of 94.00 – 100.00.Analysis: supposedly, a downward correction continues developing as second wave of larger degree (2) on the daily chart, with wave С of (2) unfolding as its part. Apparently, an ascending correction is completed as second w
  
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• Sarepta Therapeutics’ stock soars 38% after FDA expands use of its Duchenne muscular-dystrophy drug

  21-06-2024 14:05 via rocketnews.com
  Sarepta Therapeutics Inc.’s stock soared 38% in premarket trade Friday, after the biotech said the U.S. regulator has approved an expanded indication of its treatment for the rare muscle disorder Duchenne muscular dystrophy.
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  [mwai_chat context=”Let’s have a discussion about this article:nnSarepta Therapeutics Inc.’s stock soared 38% in premarket trade Friday, after the biotech said the U.S. regulator has approved an expand
  
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• Oil prices on track for solid weekly gains on fears of wider Middle East conflict

  21-06-2024 13:57 via rocketnews.com
  Oil futures ticked lower Friday, but remained on track for solid weekly gains as investors gauged the potential for a wider Middle Eastern conflict that could endanger crude flows from the region.
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  [mwai_chat context=”Let’s have a discussion about this article:nnOil futures ticked lower Friday, but remained on track for solid weekly gains as investors gauged the potential for a wider Middle Eastern conflict that could endanger crude fl
  
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• USDJPY: Elliott wave analysis and forecast for 21.06.24 – 28.06.24

  21-06-2024 13:40 via litefinance.org
  
  Main scenario: consider long positions from corrections above the level of 154.50 with a target of 161.50 – 167.00.Alternative scenario: breakout and consolidation below the level of 154.50 will allow the pair to continue declining to the levels of 151.68 – 146.44.Analysis: the ascending fifth wave of larger degree (5) of C continues forming on the daily chart, with third wave 3 of (5) unfolding as its part. The first wave of smaller degree i of 3 and the corrective second wave ii of
  
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• GBPUSD: Elliott wave analysis and forecast for 21.06.24 – 28.06.24

  21-06-2024 13:10 via litefinance.org
  
  Main scenario: upon correction, consider long positions above the level of 1.2515 with a target of 1.3145 – 1.3740.Alternative scenario: breakout and consolidation below the level of 1.2515 will allow the pair to continue declining to the levels of 1.2300 – 1.1965.Analysis: an ascending wave of larger degree B is presumably forming on the daily time frame, with the third wave 3 of (A) of B unfolding as its part. On the H4 chart, a corrective wave ii of 3 is completed, and wave iii of
  
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• EURUSD: Elliott wave analysis and forecast for 21.06.24 – 28.06.24

  21-06-2024 12:40 via litefinance.org
  
  Main scenario: consider long positions from corrections above the level of 1.0664 with a target of 1.0978 – 1.1141.Alternative scenario: breakout and consolidation below the level of 1.0664 will allow the pair to continue declining to the levels of 1.0450 – 1.0217.Analysis: the ascending wave B is presumably developing on the daily chart, with the first wave 1 of (A) of B and the corrective second wave 2 of (A) of B formed within. Apparently, the third wave 3 of (A) of B is developin
  
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• Gold may touch new peaks. Forecast as of 21.06.2024

  21-06-2024 12:35 via litefinance.org
  
  Everyone was surprised when the precious metal was growing on the back of a stronger US dollar and rising US Treasury bond yields. The old correlations are returning, creating a tailwind for XAUUSD. Let's discuss this topic and make a trading plan.Quarterly fundamental forecast for goldGold, while lacking the trump cards of corporate profit growth and AI technology that have propelled the S&P 500's 15% rally this year, has its own unique drivers. The loss of confidence in fiat currencie
  
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• USDCHF: Elliott wave analysis and forecast for 21.06.24 – 28.06.24

  21-06-2024 12:10 via litefinance.org
  
  Main scenario: after correction, consider short positions below the level of 0.9222 with a target of 0.8730 – 0.8325.Alternative scenario: breakout and consolidation above the level of 0.9222 will allow the pair to continue rising to the levels of 0.9451 – 0.9838.Analysis: the downside fifth wave of larger degree (5) is presumably unfolding on the daily time frame. As its part, wave 1 of (5) is formed, a bullish correction is completed as second wave 2 of (5), and the third wave 3 of
  
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• USDCAD: Elliott wave analysis and forecast for 21.06.24 – 28.06.24

  21-06-2024 11:40 via litefinance.org
  
  Main scenario: consider long positions from corrections above the level of 1.3588 with a target of 1.4000 – 1.4200. Alternative scenario: breakout and consolidation below the level of 1.3588 will allow the pair to continue declining to the levels of 1.3352 – 1.3168.Analysis: the fifth wave of larger degree 5 presumably continues developing on the weekly time frame, with wave (1) of 5 unfolding as its part. The fifth wave of smaller degree 5 of (1) is forming on the daily time fr
  
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• Short-term analysis for oil, gold, and EURUSD for 21.06.2024

  21-06-2024 09:13 via litefinance.org
  
  I welcome my fellow traders! I have made a price forecast for the USCrude, XAUUSD, and EURUSD using a combination of margin zones methodology and technical analysis. Based on the market analysis, I suggest entry signals for intraday traders.Yesterday, the euro hit its first bearish target.Oil price forecast for today: USCrude analysisOil is growing and testing the Target Zone 82.34 - 81.44. If the price breaks through this zone from below today, the next bullish target will be the Gold Zone 84.7
  
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• Dollar surrounded by doves. Forecast as of 21.06.2024

  21-06-2024 09:08 via litefinance.org
  
  The euro area, Sweden, Denmark, and Canada have cut rates, while Switzerland has already cut them twice. If you hesitate to join your counterparts, you risk seeing your national currency consolidate. Unsurprisingly, the USD index is growing. Let’s discuss this and make a trading plan for the EURUSD.Weekly fundamental forecast for dollarThe Fed is hardly a hawk among doves, but it appears to be the dove with the sharpest claws, or rather, FOMC officials are trying to portray the central ban
  
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• Short-term analysis for BTCUSD, XRPUSD, and ETHUSD for 21.06.2024

  21-06-2024 08:06 via litefinance.org
  
  Dear readers,I've prepared a short-term forecast for Bitcoin, Ripple, and Ethereum based on the Elliott wave analysis.Elliott Wave analysis for BitcoinThe first subwave (1) has formed within a large impulse wave in Bitcoin's price chart. Subwave (1) is an impulse 1-2-3-4-5. Correction (2) is currently unfolding, presumably as a zigzag A-B-C. The impulse subwave A is completed, and the price is growing in correction B, which may equal 50% of wave A. Thus, the price may rise to the level of 67903.
  
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• Bearish Nvidia option bets spike as stock sees record-breaking reversal

  21-06-2024 00:23 via rocketnews.com
  Trading in bearish options tied to Nvidia Corp. spiked on Thursday ahead of a record-setting “triple witching” expiration, as shares in the chip designer swung more than 5% from peak to trough.
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  [mwai_chat context=”Let’s have a discussion about this article:nnTrading in bearish options tied to Nvidia Corp. spiked on Thursday ahead of a record-setting “triple witching” expiration, as shares in the chip designer s
  
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