Analyst news

• GBPUSD: Elliott wave analysis and forecast for 03.05.24 – 10.05.24

  03-05-2024 12:20 via litefinance.org
  
  Main scenario: consider long positions from corrections above the level of 1.2453 with a target of 1.2821 – 1.3000.Alternative scenario: breakout and consolidation below the level of 1.2453 will allow the pair to continue declining to the levels of 1.2294 – 1.2033.Analysis: the first wave of larger degree (1) is presumably formed, a correction developed as second wave (2), and the ascending third wave (3) started unfolding on the daily chart. On the H4 chart, wave 1 of (3) is formed,
  
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• Riding the Roaring Kitty roller coaster: Why GameStop and AMC meme madness is an ‘outlier event’

  17-05-2024 23:45 via rocketnews.com
  “It felt as though the market briefly took a trip back to 2021 this week” — but the spike in GameStop and AMC shares will not be a long-lasting or market-moving event, according to experts.
  Article Attribution | Read More at Article Source
  [mwai_chat context=”Let’s have a discussion about this article:nn“It felt as though the market briefly took a trip back to 2021 this week” — but the spike in GameStop and AMC shares will not be a long-lasting or
  
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• ‘I got bitten by a feral cat’: I’m 50, single, with no kids. Should I cash out my $12,000 life-insurance policy — my hospital copay wiped out my savings.

  17-05-2024 23:08 via rocketnews.com
  “I was thinking about cashing it out, and using the money to max out a SEP or Roth IRA for the year. Can I max out both? Or only one.”
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  [mwai_chat context=”Let’s have a discussion about this article:nn“I was thinking about cashing it out, and using the money to max out a SEP or Roth IRA for the year. Can I max out both? Or only one.”nnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=&rdq
  
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• Technology stocks are once again leading the way in 2024. Why these ETFs tell a different story.

  17-05-2024 22:19 via rocketnews.com
  U.S. stocks are rallying in 2024, but some of the most popular ETFs tracking key sectors haven’t kept pace, leading to significant gaps between their returns and the indexes they are designed to mirror.
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  [mwai_chat context=”Let’s have a discussion about this article:nnU.S. stocks are rallying in 2024, but some of the most popular ETFs tracking key sectors haven’t kept pace, leading to significant gaps between their returns
  
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• Cathie Wood’s ETFs have been buying up stock in this online-gaming company

  17-05-2024 19:43 via rocketnews.com
  Roblox’s stock has tumbled in the wake of the company’s disappointing quarterly earnings report, but Cathie Wood’s ARK Invest seems to believe that makes them much more attractive.
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  [mwai_chat context=”Let’s have a discussion about this article:nnRoblox’s stock has tumbled in the wake of the company’s disappointing quarterly earnings report, but Cathie Wood’s ARK Invest seems to believe that makes th
  
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• Aboard the Roaring Kitty roller coaster: Why GameStop and AMC meme madness is an ‘outlier event’

  17-05-2024 18:32 via rocketnews.com
  “It felt as though the market briefly took a trip back to 2021 this week” — but the spike in GameStop and AMC will not be a long-lasting or market-moving event, according to experts.
  Article Attribution | Read More at Article Source
  [mwai_chat context=”Let’s have a discussion about this article:nn“It felt as though the market briefly took a trip back to 2021 this week” — but the spike in GameStop and AMC will not be a long-lasting or market-moving
  
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• A divided Congress agrees: Buying concert tickets is frustrating and needs to be fixed.

  17-05-2024 18:31 via rocketnews.com
  The U.S. House of Representatives resoundingly passed a bill Wednesday that would mandate more transparency on ticket prices for live events and ban practices that jack up concert prices.
  Article Attribution | Read More at Article Source
  [mwai_chat context=”Let’s have a discussion about this article:nnThe U.S. House of Representatives resoundingly passed a bill Wednesday that would mandate more transparency on ticket prices for live events and ban practices that jack up concert price
  
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• Bank of America forecasts an upturn after the worst performance for 30-year bonds in over 100 years

  17-05-2024 16:14 via rocketnews.com
  The total return on 30-year bonds has declined by 45% since April 2020, the worst four-year loss in over 100 years, according to strategists at Bank of America.
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  [mwai_chat context=”Let’s have a discussion about this article:nnThe total return on 30-year bonds has declined by 45% since April 2020, the worst four-year loss in over 100 years, according to strategists at Bank of America.nnDiscussion:nn” ai_name=”RocketNews AI:
  
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• Tilray to sell a large block of stock as it preps for cannabis reclassification

  17-05-2024 14:50 via rocketnews.com
  Tilray Brands is getting ready for marijuana to be reclassified as a less dangerous drug in the U.S., as the cannabis company is looking to raise money through the sale of shares so it can expand.
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  [mwai_chat context=”Let’s have a discussion about this article:nnTilray Brands is getting ready for marijuana to be reclassified as a less dangerous drug in the U.S., as the cannabis company is looking to raise money through the sale of shar
  
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• GameStop’s stock slides premarket after company issues profit warning, files to issue more shares

  17-05-2024 14:08 via rocketnews.com
  GameStop Corp.’s stockfell 19% early Friday, after the videogame retailer and key meme stock issued a profit and sales warning for the first quarter and filed to sell new shares.
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  [mwai_chat context=”Let’s have a discussion about this article:nnGameStop Corp.’s stockfell 19% early Friday, after the videogame retailer and key meme stock issued a profit and sales warning for the first quarter and filed to sell new shares.nnDi
  
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• New blood test for strokes could help tackle a $2 trillion problem, researchers say 

  17-05-2024 14:02 via rocketnews.com
  A new blood test can quickly detect a particularly severe type of stroke, according to new research published Friday, dramatically improving patients’ odds of getting lifesaving treatment before it’s too late.
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  [mwai_chat context=”Let’s have a discussion about this article:nnA new blood test can quickly detect a particularly severe type of stroke, according to new research published Friday, dramatically improving patients&r
  
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• XAUUSD: Elliott wave analysis and forecast for 17.05.24 – 24.05.24

  17-05-2024 13:55 via litefinance.org
  
  Main scenario: consider long positions from corrections above the level of 2277.15 with a target of 2500.00 – 2560.00.Alternative scenario: breakout and consolidation below the level of 2277.15 will allow the pair to continue declining to the levels of 2154.83 – 2019.86.Analysis: a descending correction appears to have formed as the fourth wave (4) of larger degree on the daily chart. The fifth wave (5) is unfolding, with first wave 3 of (5) forming as its part. Apparently, the third
  
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• WTI Crude Oil: Elliott wave analysis and forecast for 17.05.24 – 24.05.24

  17-05-2024 13:25 via litefinance.org
  
  Main scenario: consider short positions from corrections below the level of 84.85 with a target of 67.60 – 57.00.Alternative scenario: breakout and consolidation above the level of 84.85 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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• USDJPY: Elliott wave analysis and forecast for 17.05.24 – 24.05.24

  17-05-2024 12:55 via litefinance.org
  
  Main scenario: consider long positions from corrections above the level of 151.80 with a target of 161.50 – 167.00.Alternative scenario: breakout and consolidation below the level of 151.80 will allow the pair to continue declining to the levels of 146.44 – 140.13Analysis: an ascending wave of larger degree C continues forming on the daily chart, with fifth wave (5) of C unfolding as its part. The third wave 3 of (5) is unfolding on the H4 time frame, with first wave of smaller degre
  
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• GBPUSD: Elliott wave analysis and forecast for 17.05.24 – 24.05.24

  17-05-2024 12:25 via litefinance.org
  
  Main scenario: consider long positions from corrections above the level of 1.2507 with a target of 1.2910 – 1.3155.Alternative scenario: breakout and consolidation below the level of 1.2507 will allow the pair to continue declining to the levels of 1.2294 – 1.2033.Analysis: the first wave of larger degree (1) is presumably formed, a correction developed as second wave (2), and the ascending third wave (3) started unfolding on the daily chart. On the H4 chart, wave 1 of (3) is formed,
  
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• EURUSD: Elliott wave analysis and forecast for 17.05.24 – 24.05.24

  17-05-2024 11:55 via litefinance.org
  
  Main scenario: consider long positions from corrections above the level of 1.0723 with a target of 1.1141 – 1.1350.Alternative scenario: breakout and consolidation below the level of 1.0723 will allow the pair to continue declining to the levels of 1.0591 – 1.0447.Analysis: an ascending wave B is presumably developing on the daily chart, with first wave 1 of (A) of B and corrective second wave 2 of (A) of B formed within. Apparently, the third wave 3 of (A) of B is developing on the
  
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• Silver may hit all-time high. Forecast as of 17.05.2024

  17-05-2024 11:35 via litefinance.org
  
  XAGUSD prices will likely return to 2013 levels and touch new all-time highs on increased demand for silver in the investment and industrial sectors. Let's discuss it and make a trading plan for XAGUSD.Monthly fundamental forecast for silverBuy low, sell high! Silver still looks cheap despite the sharp decline in the XAUXAG ratio from 90 at the beginning of the year to 80. The average ratio between the metals over the past two decades is 68. XAGUSD prices have room to rise, but wh
  
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• USDCHF: Elliott wave analysis and forecast for 17.05.24 – 24.05.24

  17-05-2024 11:25 via litefinance.org
  
  Main scenario: consider short positions from corrections below the level of 0.9224 with a target of 0.8325 – 0.8050. Alternative scenario: breakout and consolidation above the level of 0.9224 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
  
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• USDCAD: Elliott wave analysis and forecast for 17.05.24 – 24.05.24

  17-05-2024 10:54 via litefinance.org
  
  Main scenario: consider long positions from corrections above the level of 1.3476 with a target of 1.4000 – 1.4200. Alternative scenario: breakout and consolidation below the level of 1.3476 will allow the pair to continue declining to the levels of 1.3354 – 1.3170.Analysis: the ascending first wave of larger degree (1) continues developing on the daily time frame, with wave 5 of (1) forming as its part. The third wave of smaller degree iii of 5 is developing on the H4 chart, wi
  
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• Short-term analysis for oil, gold, and EURUSD for 17.05.2024

  17-05-2024 09:09 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.Gold is trading in a downward correction.Oil price forecast for today: USCrude analysisOil is correcting upwards and preparing to test resistance (A) 79.99 - 79.66. Once this zone is tested, consider selling the instrument according to the pattern with the ta
  
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• Euro bets on a dark horse. Forecast as of 17.05.2024

  17-05-2024 09:09 via litefinance.org
  
  Fed officials unanimously agree that more time will be required to beat inflation, while markets wonder when rates will start to fall. In September? July? Maybe in December? Let’s find out and make a trading plan for the EURUSD.Weekly fundamental forecast for euroNew evidence is emerging that the US economy is cooling, but the Fed jury has not yet decided on a rate cut. New York Fed President John Williams, Richmond Fed President Thomas Barkin, and Cleveland Fed President Loretta Mester un
  
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• Short-term analysis for BTCUSD, XRPUSD, and ETHUSD for 17.05.2024

  17-05-2024 08:57 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 BitcoinBitcoin continues forming a triple zigzag (W)-(X)-(Y)-(XX)-(Z). The current chart shows the final part of the actionary wave (W). After it formed, the price grew. The linking wave (XX) presumably unfolds as a standard zigzag A-B-C. Subwaves [3]-[4]-[5] are expected to form shortly as part of wave C in the direction of 68,000.00, as shown in the ch
  
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• Walmart’s stock surges to record after a grand-slam earnings report

  17-05-2024 03:57 via rocketnews.com
  Walmart’s stock rallied into record territory Thursday, after the discount retail giant hit a grand slam with its fiscal first-quarter earnings report, boosted by a big jump in e-commerce sales.
  Article Attribution | Read More at Article Source
  [mwai_chat context=”Let’s have a discussion about this article:nnWalmart’s stock rallied into record territory Thursday, after the discount retail giant hit a grand slam with its fiscal first-quarter earnings report, boosted by a b
  
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• ‘Grand Theft Auto VI’ won’t come until fall 2025, and Take-Two shares slip

  17-05-2024 02:50 via rocketnews.com
  Shares of videogame maker Take-Two-Interactive Software Inc. fell 2% in after-hours trading Thursday after the company said its highly anticipated “Grate Theft Auto VI” game won’t be released until fall 2025, and lowered its bookings forecast for the current fiscal year.
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  [mwai_chat context=”Let’s have a discussion about this article:nnShares of videogame maker Take-Two-Interactive Software Inc. fell 2% in after-hours
  
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• These behavioral trends drove the GameStop and AMC meme-stock rally

  17-05-2024 00:08 via rocketnews.com
  The meme-stock rally that lifted shares of GameStop Corp. and AMC Entertainment Holdings Inc. this week tapped into a range of human behaviors, according to behavioral finance expert Victor Ricciardi.
  Article Attribution | Read More at Article Source
  [mwai_chat context=”Let’s have a discussion about this article:nnThe meme-stock rally that lifted shares of GameStop Corp. and AMC Entertainment Holdings Inc. this week tapped into a range of human behaviors, according to behavioral fina
  
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• Why the post-Fed stock-market rally is raising fresh inflation questions

  16-05-2024 20:53 via rocketnews.com
  The issue is whether Fed Chair Jerome Powell’s post-meeting remarks on May 1 — in which he said the central bank’s next move is “unlikely” to be a rate hike — are now easing financial conditions by so much that this ends up stalling progress on inflation.
  Article Attribution | Read More at Article Source
  [mwai_chat context=”Let’s have a discussion about this article:nnThe issue is whether Fed Chair Jerome Powell’s post-meeting remarks on May
  
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• Let Buffett’s Pilot truck stops set up EV chargers, not the government, GOP Sen. Tillis says

  16-05-2024 20:34 via rocketnews.com
  Washington’s three-year-old bipartisan infrastructure law has drawn flak for not delivering a lot of chargers for electric vehicles, but Republican Sen. Thom Tillis of North Carolina said Thursday that he views that as a good feature of the law, not a shortcoming.
  Article Attribution | Read More at Article Source
  [mwai_chat context=”Let’s have a discussion about this article:nnWashington’s three-year-old bipartisan infrastructure law has drawn flak for not delivering a lo
  
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• Regional representative office opened in Mongolia

  16-05-2024 14:49 via litefinance.org
  
  Dear clients,We are pleased to announce the opening of LiteFinance's official representative office in Ulaanbaatar, Mongolia.LiteFinance's clients can now consult with LiteFinance's experts in the regional office in Mongolia. Our team is ready to advise you on how to register a trading account and start trading. LiteFinance’s managers will also introduce the customers from Mongolia to the company's unique services and ongoing trading contests.Moreover, the new office will host seminars on
  
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• Bridgewater CEO warns of complacency as geopolitics shifts

  16-05-2024 14:46 via rocketnews.com
  Nir Bar Dea, chief executive officer at Bridgewater Associates, says his firm gets lots of market calls wrong, and investors need to acknowledge that they will be wrong a lot, too.
  Article Attribution | Read More at Article Source
  [mwai_chat context=”Let’s have a discussion about this article:nnNir Bar Dea, chief executive officer at Bridgewater Associates, says his firm gets lots of market calls wrong, and investors need to acknowledge that they will be wrong a lot, too.nnDiscussion
  
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• Import prices post biggest increase in two years and add to U.S. inflation pressures

  16-05-2024 14:41 via rocketnews.com
  The cost of imported goods rose in April for the fourth month in a row and increased at the fastest pace in two years, reflecting the persistence of elevated U.S. inflation.
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  [mwai_chat context=”Let’s have a discussion about this article:nnThe cost of imported goods rose in April for the fourth month in a row and increased at the fastest pace in two years, reflecting the persistence of elevated U.S. inflation.nnDiscussion:nn” ai_
  
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