November 2023 - Page 235 of 244 -

BTC/USD Forex Signal: Bitcoin Is On The Cusp Of A Bullish Breakout

Nov 02, 2023 Jeremy Parkinson Finance 0

The BTC/USD pair has been in a narrow range in the past few days. Bullish view Buy the BTC/USD pair and set a take-profit at 36,000. Add a stop-loss at 33,800. Timeline: 1-2 days. Bearish view Set a sell-stop at 34,000 and a take-profit at 33,000. Add a stop-loss at 36,000. Bitcoin and American stocks and bonds reacted positively to […]

Forex Today: Bank Of England Expected To Leave Interest Rate Unchanged

Nov 02, 2023 Jeremy Parkinson Finance 0

Freepik The Bank of England will be holding a policy meeting today, at which it is expected to leave its Official Bank Rate unchanged at 5.25%. The US Federal Reserve left its interest rate unchanged yesterday and signaled a prolonged pause in any rate hikes. Fed Chair Jerome Powell stated that good progress was being […]

Silver Price Analysis: XAG/USD Sticks To Gains Near $23.00 Mark, Lacks Bullish Conviction

Nov 02, 2023 Jeremy Parkinson Finance 0

Silver (XAG/USD) builds on the previous day’s goodish rebound from the vicinity of mid-$22.00s, or a multi-day low and gains some follow-through traction on Thursday. The white metal maintains its bid tone through the early part of the European session and currently trades around the $23.00 round-figure mark, up over 0.20% for the day.The post-FOMC US […]

The Commodities Feed: Positive Economic Sentiment Helps To Boost Prices

Nov 02, 2023 Jeremy Parkinson Finance, No picture 0

The Fed’s decision to keep interest rate hikes on pause for a second consecutive time has bolstered economic sentiment and supported commodity prices, including energy and metals. Fresh mine closures have provided additional support to zinc, with prices climbing to around US$2,600/t yesterday.Unsplash Energy – OPEC oil output held stableICE Brent has been trading firm this […]

Elliott Wave Technical Analysis: Walmart Inc. – Thursday, November 2

Nov 02, 2023 Jeremy Parkinson Finance, No picture 0

Walmart Inc., Elliott Wave Technical AnalysisWalmart Inc., (WMT): 4h Chart, 2 November 23WMT Stock Market Analysis: We have been looking for a flat in wave (ii) and we have resumed higher ever since we anticipated a bottom in place. At this point it looks like we could be forming a leading diagonal into wave i or else […]

Daily Market Outlook -Thursday, Nov. 2

Nov 02, 2023 Jeremy Parkinson Finance 0

Freepik AsiaMarkets rallied, with both shares and bonds gaining, following comments from the Federal Reserve indicating a potential halt to interest rate hikes and even the possibility of rate cuts. Japan’s Nikkei share average surpassed the psychologically significant 32,000 mark for the first time in two weeks. This surge was driven by market expectations of an […]

Analytical Overview Of The Main Currency Pairs – Thursday, November 2

Nov 02, 2023 Jeremy Parkinson Finance 0

The EUR/USD currency pairTechnical indicators of the currency pair: Prev Open: 1.0578 Prev Close: 1.0569 % chg. over the last day: -0.09 % Yesterday, the FOMC committee voted unanimously in favor of keeping the target range for the federal funds rate unchanged at 5.25%-5.50%. According to the FOMC, tighter financial and credit conditions for households and businesses will likely […]

Rates Spark: Supply Relief, Weaker Data And The Fed Proceeding Carefully

Nov 02, 2023 Jeremy Parkinson Finance 0

Rates rallied on a mix of supply relief, weaker data and the Fed pointing to the tightening impact of the still overall higher long-end rates. Before we test further downside, we likely have to see tomorrow’s payrolls report first. Today’s BoE meeting should complete the unfolding holding pattern across major central banks.FreepikThe market remains firm in its […]

Market Briefing For Thursday, Nov. 2

Nov 02, 2023 Jeremy Parkinson Finance 0

What constitutes ‘sufficiently restrictive’ – a takeaway question remaining, about FOMC policy. The Fed will tend to stay at such levels (holding the curve up) as long as necessary, and historically that’s past the time to shift course.Hard to say if how the Jobs levels evolve will shape Fed policy, they tend just to set policy and […]

Day Chart Elliott Wave Technical Analysis: AUDUSD – Thursday, November 2

Nov 02, 2023 Jeremy Parkinson Finance, No picture 0

AUDUSD Elliott Wave Analysis Trading Lounge Day Chart, 2 November 23Australian Dollar/U.S.Dollar (AUDUSD) Day ChartAUDUSD Elliott Wave Technical AnalysisFunction: TrendMode: impulsiveStructure: blue wave 1 of new trendPosition: black wave 1Direction Next lower Degrees: blue wave 1 (started)Details: Wave C of 2 completed at 0.62713 , Now new upward trend as blue wave 1 is […]