October 2023 - Page 7 of 71 -

GBP/USD Price Analysis: Dollar Pauses Ahead Of FOMC

Oct 31, 2023 Jeremy Parkinson Finance 0

The GBP/USD price analysis hints bullishness as the pound secured gains on Tuesday. The backdrop for this positive move was the dollar, which took a breather in anticipation of the upcoming FOMC meeting. The dollar appears likely to end the month flat.However, analysts highlight that the potential for another interest rate increase from the Federal […]

AUD/USD Forecast: Sees Noisy Behavior

Oct 31, 2023 Jeremy Parkinson Finance 0

At the end of the day, while the Australian dollar has shown signs of revival, various factors, including its status as a “risk on” currency and the prevailing global economic conditions, suggest a cautious approach. The AUD/USD demonstrated resilience at the start of the trading session on Monday, indicating a potential resurgence for the week. However, it […]

Artificial (Stock Market) Life Support

Oct 31, 2023 Jeremy Parkinson Finance 0

In the first Godfather movie, the heads of the mafia families gathered in an attempt to make peace and calm things down. They agreed that the drug trade would be handled carefully and that the Corleone Family would use their political power to give cover to the highly-profitable business of drug addicting people in the New York […]

Analytical Overview Of The Main Currency Pairs – Tuesday, October 31 The EUR/USD currency pair

Oct 31, 2023 Jeremy Parkinson Finance 0

The EUR/USD currency pairTechnical indicators of the currency pair: Prev Open: 1.0570 Prev Close: 1.0615 % chg. over the last day: +0.43 % The strengthening of the stock markets on Monday reduced the demand for liquidity for the US dollar. In addition, the dollar is pressured by the likelihood that the Federal Reserve will leave its monetary policy […]

4 Hour Chart Elliott Wave Technical Analysis: USDCHF – Tuesday, October 31

Oct 31, 2023 Jeremy Parkinson Finance, No picture 0

USDCHF Elliott Wave Analysis Trading Lounge 4 Hour Chart, 31 October 23U.S.Dollar/Swiss Franc(USDCHF) 4 Hour ChartUSDCHF Elliott Wave Technical AnalysisFunction: TrendMode: impulsiveStructure: red wave 2 of blue wave 1Position: Black wave 3Direction Next Higher Degrees: red wave 3 Details: Red wave 1 looking completed at 0.90491,now red wave 2 is in play , after […]

BOJ And China PMI Disappoint, While EMU Q2 Growth And October Inflation Were Softer Than Expected

Oct 31, 2023 Jeremy Parkinson Finance, No picture 0

The Bank of Japan softened its 1.0% cap on the 10-year, while lifting its core CPI forecast this fiscal year and next. This disappointed many who anticipated a bolder move to exit the extraordinary monetary policy. The yen was sold in disappointment and the dollar has returned to the JPY150.75 area. The eurozone contracted by […]

Japanese Market Commentary – Tuesday, October 31

Oct 31, 2023 Jeremy Parkinson Finance 0

Small Tweaks From BOJThe Japanese Yen hit its lowest level against EUR today for the first time since 2008. The fresh rally in EURJPY comes in response to the latest BOJ meeting overnight. The bank once again held headline policy unchanged, reaffirming its commitment to easing, despite making a further adjustment to its YCC program. […]

GBP/USD Forex Signal: Neutral Outlook Ahead Of Key Events

Oct 31, 2023 Jeremy Parkinson Finance 0

The most important GBP/USD news will be the upcoming FOMC and Bank of England (BoE) interest rate decisions. Bullish view Buy the GBP/USD pair and set a take-profit at 1.2230. Add a stop-loss at 1.2100. Timeline: 1-2 days. Bearish view Sell the GBP/USD pair and set a take-profit at 1.2065 (October 26th low). Add a stop-loss at 1.2230. The GBP/USD […]

WTI Price Analysis: Sticks To Modest Gains Around Mid-$82.00s, Upside Potential Seems Limited

Oct 31, 2023 Jeremy Parkinson Finance 0

West Texas Intermediate (WTI) Crude Oil prices attract some buying on Tuesday and move away from a near three-week low, around the $81.55 region touched the previous day. The commodity sticks to its modest intraday gains through the first half of the European session and currently trades around mid-$82.00s, up 0.25% for the day.Worries that a further escalation […]

Elliott Wave Technical Analysis: Analog Devices – Tuesday, October 31

Oct 31, 2023 Jeremy Parkinson Finance, No picture 0

Analog Devices Inc., Elliott Wave Technical AnalysisAnalog Devices Inc., (ADI:NASDAQ): 4H Chart, 31 October 23ADI Stock Market Analysis: We have been looking for a wave (2) to take place and we seem to be in the final stages of the correction. We seem to have had a complex correction as we continued to move in three wave […]