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EUR/USD Falls After Weak German Industrial Production

EUR/USD Falls After Weak German Industrial Production

 Image Source: Pixabay   German industrial production falls -1.2% MoM vs -0.1% forecast USD recovers from a 6-week low on hawkish Fed comments EUR/USD rebounds lower from 1.0750 Euro USD is falling for a second straight day as the US dollar rebounds from a six-week low after weaker-than-expected German industrial production figures.Comments from US Federal Reserve […]
Tuesday Talk: Market Is Up, But Uncertainty Lingers

Tuesday Talk: Market Is Up, But Uncertainty Lingers

The market closed flat to up on Monday, maintaining some of last week’s positive momentum, but continued conflict in the Ukraine and the Hamas Gaza war are doing their part to keep investors on edge. That, as well as uncertainty about prospects for Q4 are halting any major thrusts forward.FreepikYesterday the S&P 500 closed at […]
Bearish Reversal Alert: Gold’s Head And Shoulder Pattern Indicates A Sharp Decline Ahead

Bearish Reversal Alert: Gold’s Head And Shoulder Pattern Indicates A Sharp Decline Ahead

 XAU/USD trading strategy  Buy/sell asset: Sell XAU/USD Entry price: $1,978.2 Stop loss: $1,993.5 Leverage: 1x Take profit 1: $1,960.0 Take profit 2: $1,937.0 Take profit 3: $1912.2 Timeframe: 1 week Maximum profit: 3.32% Maximum loss: 0.77%  XAU/USD chart and technical analysis The price of Gold has been in a steep bullish trend since last month […]
Silver Price Analysis: XAG/USD Drifts Lower In A Multi-Week-Old Trading Range, Below 200-Day SMA

Silver Price Analysis: XAG/USD Drifts Lower In A Multi-Week-Old Trading Range, Below 200-Day SMA

Silver (XAG/USD) extends the previous day’s rejection slide from the very important 200-day Simple Moving Average (SMA) and continues losing ground for the second successive day on Tuesday. The downward trajectory picks up pace during the early part of the European session and drags the white metal to a two-day low, around the $22.75-$22.70 region […]
Elliott Wave Technical Analysis: Costco Wholesale Corp. – Tuesday, November 7

Elliott Wave Technical Analysis: Costco Wholesale Corp. – Tuesday, November 7

Costco Wholesale  Corp., Elliott Wave Technical AnalysisCostco Wholesale  Corp., (COST): 4h Chart 7 November 23COST Stock Market Analysis: We have been stuck in this correction in wave 2 for a while, as it became a double correction. It looks like we could have found support on 550$ and we are now resuming higher. Invalidation would stand on the bottom […]
Have U.S. Circulating Coins Become A Cruel Joke?

Have U.S. Circulating Coins Become A Cruel Joke?

Circulated “legal tender” coins are neither sound money nor even, apparently, legally recognized money in all circumstances anymore.Because of Federal Reserve inflation, the copper contained in  is today worth almost 3 cents. A Colorado judge, Joseph D. Findley, ruled last month that a business owner acted “maliciously and in bad faith” by paying $23,500 in mixed denominations […]
Natural Gas Futures: Extra Losses In The Pipeline

Natural Gas Futures: Extra Losses In The Pipeline

Considering advanced prints from CME Group for natural gas futures markets, open interest rose for the fourth session in a row at the beginning of the week, this time by around 24.3K contracts. In the same line, volume went up by around 180.1K contracts after three consecutive daily pullbacks.  Natural Gas: Next on the downside […]
Sensex Today Trades Lower; HDFC Bank & Asian Paints Top Losers

Sensex Today Trades Lower; HDFC Bank & Asian Paints Top Losers

Asian stocks edged lower as fresh doubts emerged on whether the Federal Reserve has finished tightening policy, with gains in US shares limited by a rise in bond yields.The Nikkei is trading 1.1% lower while the Hang Seng index is down by 1.5%. The Shanghai Composite is trading 0.4%.US stocks drifted to a mixed finish […]
U.S. Dollar /Canadian Dollar, Day Chart, Elliott Wave Technical Analysis, Tuesday, Nov. 7

U.S. Dollar /Canadian Dollar, Day Chart, Elliott Wave Technical Analysis, Tuesday, Nov. 7

USD/CAD Elliott Wave Analysis, Day Chart, Tuesday, Nov. 7 FreepikU.S. Dollar /Canadian Dollar (USD/CAD) Day ChartUSD/CAD Elliott Wave Technical AnalysisFunction: TrendMode: impulsive  Structure: blue wave 2 of new trend  Position: black wave 1Direction Next Lower Degrees: blue wave 3  Details: Blue wave 1 looking completed at 1.36295. Now blue wave 2 as a correction is in play. Wave Cancel invalid level:1.39007.The […]
U.S. Dollar /Canadian Dollar, 4 Hour Chart, Elliott Wave Technical Analysis, Tuesday, Nov. 7

U.S. Dollar /Canadian Dollar, 4 Hour Chart, Elliott Wave Technical Analysis, Tuesday, Nov. 7

USD/CAD Elliott Wave Analysis, 4 Hour Chart, Tuesday, Nov. 7FreepikU.S. Dollar /Canadian Dollar (USD/CAD) 4 Hour ChartUSD/CAD Elliott Wave Technical AnalysisFunction:    TrendMode: impulsive  Structure: blue wave 2 of new trend  Position: black wave 1Direction Next Lower Degrees: blue wave 3  Details: Blue wave 1 looking completed at 1.36295. Now blue wave 2 as a correction is in […]