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Archives by Year:
Forex Today: Bank Of Canada Expected To Leave Rates Unchanged
Freepik The Bank of Canada is meeting today to decide whether to maintain its overnight rate at 5%. It is widely expected to do so. Australian CPI (inflation) data released a few hours ago showed annualized inflation has risen more strongly than expected, from 5.2% to 5.6% instead of 5.3%. This has increased sentiment in […]
Crude Oil Forecast: Chops Around
Crude oil markets experienced an interesting start to the trading session on Tuesday as they gapped higher, only to later encounter significant volatility.Unsplash The West Texas Intermediate Crude Oil market initially displayed strength with a gap higher at the beginning of Tuesday’s session. However, it soon retraced, falling towards the 50-Day Exponential Moving Average. This market continues to […]
Will The ECB Keep Interest Rates On Hold?
The European Central Bank’s (ECB) governing board meeting on Thursday draws investors’ attention as interest rates are going to be the main discussion topic. Market analysts will also expect to scrutinize the US GDP preliminary data for the third quarter of the year and evaluate how the largest economy in the world has performed.FreepikAustralia’s headline […]
Chart Of The Day: Walmart – Still A Bargain
The Chart of the Day belongs to discount retailer Walmart (WMT) . I found the stock by using Barchart’s powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum and having a Trend Seeker buy signal then used the Flipchart feature to review the charts for consistent price appreciation. WMT […]
Microsoft Leaves Google Behind In The AI Race, Market Responds
According to market sentiment, Microsoft (MSFT) is leading the race in the artificial intelligence (AI) market. As per the latest earnings by both firms, Microsoft’s AI-equipped Azure witnessed better-than-expected revenue growth of 29% year-over-year, while Google Cloud’s revenue growth missed expectations and reported the slowest growth in 11 months, pushing Alphabet’s (GOOGL) stock lower in the premarket. Image […]
Day Chart Elliott Wave Technical Analysis: EURUSD, Wednesday, October 25
EURUSD Elliott Wave Analysis Trading Lounge Day Chart, 25 October 23Euro/U.S.Dollar(EURUSD) Day ChartEURUSD Elliott Wave Technical AnalysisFunction: Counter TrendMode: impulsive Structure:5 of APosition: wave 2Direction Next Higher Degrees: red wave BDetails: black wave 4 completed at 1.06943 .Now wave 5 of A is in play . Wave Cancel invalid level: 1.07636The EUR/USD Elliott Wave Analysis for […]
US Soft-Landing Odds Rise As Q3 GDP Nowcast Ticks Up
Tomorrow’s release of third-quarter economic data is expected to show that US output accelerated, based on GDP nowcasts from several sources compiled by CapitalSpectator.com.Freepik The Bureau of Economic Analysis looks set to report on Thursday, Oct. 26, that US economic output rose 3.8%, based on the median estimate. If correct, the gain will mark a strong […]
AUD/USD Price Analysis: Surprising Inflation Bolsters Aussie
After an unexpectedly robust inflation report, the AUD/USD price analysis took a bullish turn. The Australian dollar strengthened due to expectations of interest rate hikes. It surged to 0.7%, reaching a roughly two-week high of $0.6400 on Wednesday. Notably, Australia’s consumer price index increased by 1.2% in the third quarter. It surpassed the market expectations of […]
Divergence Continues To Underpin The Greenback
Overview: FreepikThe divergence reflected in the flash PMI readings seen yesterday underpinned the dollar, which is firmer in mostly quiet turnover. The initial Australian dollar gains scored in response to the slightly less decline in Q3 CPI have been unwound. The greenback also remains within striking distance of JPY150 where there are still some large options […]
The Commodities Feed: Risk Premium For Oil Diminishes
Crude oil prices slipped further on Tuesday, giving up nearly half of the gains made since the Hamas attack on Israel as the short-term risk premium somewhat diminished. The API numbers were constructive for the oil market.Freepik Energy – Risk premium diminishesICE Brent prices slipped further yesterday and settled at around US$88/bbl as the risk premium has […]
