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Geopolitical Risks Fuel The Rally Of Gold And Oil. Traders Are Waiting For The Bank Of Japan Meeting

Geopolitical Risks Fuel The Rally Of Gold And Oil. Traders Are Waiting For The Bank Of Japan Meeting

Photo by Adam Śmigielski on UnsplashAt Friday’s close, the Dow Jones Index (US30) decreased by 1.12% (-2.21% for the week), while the S&P 500 Index (US500) lost 0.48% (-2.21% for the week). The NASDAQ Technology Index (US100) closed positive by 0.38% on Friday (-2.23% for the week). Technology stocks received support on Friday from strong reports from Amazon (AMZN) and Intel (INTC). Amazon.com (AMZN) closed up […]
Solana, Optimism And Two Other Altcoins To Watch This Week

Solana, Optimism And Two Other Altcoins To Watch This Week

Cryptocurrencies recorded a significant upside last week, with Bitcoin leading the upsurge as it spiked to $35,000. While the lull that followed has BTC poised above $34.4k, a popular crypto investor is earmarking four altcoins for potential moves this week.According to The DeFi Investor, who shared his outlook on X, the next few days could be crucial for Solana […]
Is Currency Forced Into Circulation?

Is Currency Forced Into Circulation?

Anyone interested in money should check out JP Koning’s excellent blog.  In a post discussing the ECB’s decision to stop producing 500-euro banknotes, Koning made this claim:   This highlights an important point that I often mention on this blog. One of the most popular motifs of central banks is that they print cash willy nilly, forcing […]
4 Hour Chart Elliott Wave Technical Analysis: USDJPY – Monday, October 30

4 Hour Chart Elliott Wave Technical Analysis: USDJPY – Monday, October 30

USDJPY Elliott Wave Analysis Trading Lounge 4 Hour  Chart, 30 October 23U.S.Dollar/Japanese Yen (USDJPY) 4 Hour ChartUSDJPY Elliott Wave Technical AnalysisFunction:  TrendMode: impulsiveStructure:subwaves of new trend  Position: new black wave 1Direction Next lower Degrees:black wave 1 started  Details: red wave 5 of diagonal C looking completed at 150.773  . now looking for a new down trend […]
Strong Dollar Could Be Challenged By Asia This Week

Strong Dollar Could Be Challenged By Asia This Week

It is another busy week for FX markets, with important central bank meetings taking place around the world and some top-tier macro data too. On paper, there should not be enough out there to knock the dollar’s dominance this week, but focus on the US quarterly refunding could throw some curveballs. This week, we expect […]
Gala, Axie Infinity, SAND, MANA Rises As Memeinator Thrives

Gala, Axie Infinity, SAND, MANA Rises As Memeinator Thrives

Photo by Kanchanara on UnsplashMeme coins and gaming cryptocurrencies have thrived during the ongoing crypto bull run. Pepe, the recently launched meme coin, has surged by more than 80% from its lowest level in October. This rally makes it one of the top-performing cryptocurrencies.Other cryptocurrencies in the gaming industry have also rebounded. Gala token surged to a […]
EUR/JPY Remains Under Pressure Below The 158.00 Mark, German GDP, CPI Eyed

EUR/JPY Remains Under Pressure Below The 158.00 Mark, German GDP, CPI Eyed

Photo by Ibrahim Boran on UnsplashThe EUR/JPY cross loses traction below the 158.00 mark during the early European trading hours on Monday. That being said, the weaker-than-expected Eurozone economic data triggers the fear of recession in the Eurozone and exerts some selling pressure on the Euro (EUR) against the Japanese Yen (JPY). The cross currently trades around 157.80, […]
Day Chart Elliott Wave Technical Analysis: USDJPY – Monday, October 30

Day Chart Elliott Wave Technical Analysis: USDJPY – Monday, October 30

USDJPY Elliott Wave Analysis Trading Lounge Day  Chart, 30 October 23U.S.Dollar/Japanese Yen (USDJPY) Day ChartUSDJPY Elliott Wave Technical AnalysisFunction:  TrendMode: impulsiveStructure:subwaves of new trend  Position: new black wave 1Direction Next lower Degrees:black wave 1 started  Details: Red wave 5 of diagonal C of Z looking completed at 150.773  . now looking for a new down trend. […]
Market Briefing For Monday, Oct. 30th

Market Briefing For Monday, Oct. 30th

Structural damage to mega-cap charts has finally become evident to most that argued they were immune, or good hiding places, during the deluge of selling in the broader market, that predates all of this current angina. Yes we have had an A-B-C decline already; but you can tank big stocks further given geopolitics, or you can […]
Requiem For A Technocrat

Requiem For A Technocrat

From NY Times, on the passing of former premier Li Keqiang on Friday: …Mr. Li, who had degrees in law and economics, represented the pragmatic technocrats who led the country out of poverty in the 1990s and 2000s. [Online commentators] recited his opening remarks in his first news conference in 2013 after becoming the premier. “We […]