This Bull Trap Could Be Easy Money On Tuesday
Markets are bullish, but I see 2 obvious clues, telling me this Bull Trap might be our easiest profit of the week! Buyers just keep marching higher this week, wow!
Australian Dollar Holds Ground Due To Cautious RBA's Policy Stance
The Australian Dollar remains steady against the US Dollar on Tuesday. The AUD/USD pair depreciates following the release of October's Westpac Consumer Confidence and September’s ANZ Job Advertisements.
Japanese Yen Hangs Near Two-Month Low Against USD On Fiscal Easing Bets, Positive Risk Tone
The Japanese Yen (JPY) recovers slightly after touching a fresh low since early August against its American counterpart during the Asian session on Tuesday.
WTI Attracts Some Buyers To Near $61.50 As OPEC+ Opts For Modest Oil Output Hike
The WTI drifts higher after the OPEC+ agreed to a smaller-than-expected hike in its crude production levels. Traders await the release of the API weekly crude oil stock report later on Tuesday.
Archer Aviation Stock Rallies On Tesla Tie-Up Speculation But Major Red Flags Warrant Caution
Archer Aviation Inc (ACHR) rallied more than 10% on market open today on speculation that the air taxi firm could soon announce a partnership with Tesla Inc (TSLA).
A “Bubble”?
The markets start the week on a solid footing, although we know that we have some seasonal headwinds for a few weeks. Interestingly, I am finding fewer and fewer things I want to buy as I prune holdings.
Financial Markets Report For Monday, Oct 6
In this video, Ira Epstein discusses the current state of the financial markets, noting a brief correction in the stock market, which remains resilient with potential buying expected from professional traders.