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Bitcoin Under Pressure Below $42000, Ethereum Below $2200

Bitcoin Under Pressure Below $42000, Ethereum Below $2200

Bitcoin chart analysisThe price of Bitcoin recovered only to the $42,000 level yesterday. There, we encountered resistance, which led to a new price pullback to the $40,600 level. We remain under pressure as we fail to move above the $41500 level, and today, we are moving in the $40600-$41500 range. For a bullish option, we […]
More Tax Selling Bounce Stocks

More Tax Selling Bounce Stocks

Remember, at year end, traders and investors dump their losers in order to establish a loss for tax purposes. This activity greatly depresses these stocks more than normal, creating an opportunity for traders to buy these stocks and sell them for a quick profit in early January after they hopefully recover.FreepikHere are several more tax […]
Sensex Today Trades Lower; Adani Total Gas Tanks 6%

Sensex Today Trades Lower; Adani Total Gas Tanks 6%

Asian markets dropped early on Wednesday ahead of the US Federal Reserve’s latest interest rate decision, guidance and economic projections later in the day.The Nikkei is trading 0.4% higher while the Hang Seng index is trading 0.6% lower.US stocks advanced and the dollar dipped after a report showed sticky US inflation meandering lower as the […]
USD/CHF Rebounds Near 0.8760 As US Dollar Improves Before Fed Decision

USD/CHF Rebounds Near 0.8760 As US Dollar Improves Before Fed Decision

Image Source: Unsplash USD/CHF halts a two-day losing streak ahead of Fed policy decision. SNB is widely anticipated to hold its interest rate at 1.75% following the recent downbeat inflation. Investors await Fed Chair Jerome Powell’s comments to gain insights into the interest rates trajectory. USD/CHF hovers around 0.8760 during the Asian trading hours on Wednesday, snapping two […]
FX Daily: Dollar Can Get Support From Well-Telegraphed Fed Pushback

FX Daily: Dollar Can Get Support From Well-Telegraphed Fed Pushback

It is now a very consensus view that the Fed will push back against rate cut expectations. We expect the Dot Plots will show only 50bp of cuts in 2024. Still, markets may feel less comfortable about the first rate cut coming in May, and a softening in risk sentiment could help the dollar today – […]
Beware The Artificial Intelligence Bubble

Beware The Artificial Intelligence Bubble

I think I first logged on to the internet in 1996.FreepikI’d already heard a lot about it. Back then, I had AOL, CompuServe and Prodigy floppy disks dumped on my doorstep practically every day.I was especially excited to check out the bulletin boards where I could discuss stocks or boxing. It was fun to connect […]
How To Trade Moving Averages

How To Trade Moving Averages

FreepikMoving averages will help traders: Identify trends Determine support and resistance levels Generate trading signals Confirm existing trading signals In this article, we’ll look at moving averages, including the different types, how to use them on trading platforms, and popular trading strategies. We’ll also discuss common mistakes and problems to avoid, as well as the […]
Euro/British Pound Day Chart, Elliott Wave Technical Analysis, Wednesday, December 13

Euro/British Pound Day Chart, Elliott Wave Technical Analysis, Wednesday, December 13

EURGBP Elliott Wave Analysis Trading Lounge Day Chart, Wednesday, December 13.PexelsEuro/British Pound (EURGBP) Day ChartEURGBP Elliott Wave Technical AnalysisFunction:  TrendMode: impulsive  Structure: sub waves of blue wave 1Position: Black wave 3Direction Next Lower Degrees: blue wave 2Details: Black wave 2 looking completed at fib level 78.60. Now blue wave 1 of black wave 3 is […]
Rates Spark: There Is Still A Job To Get Done

Rates Spark: There Is Still A Job To Get Done

Market expectations of policy easing for the next year are about to get tested tonight with the Federal Reserve likely to signal that there is still a job to get done. Yesterday’s CPI was largely in line with forecasts, but with residual strength in some corners of the services sector, the Fed is likely to remain nervous.Image source: WikipediaA 4% […]
Did This Surprising Signal Just Set The Stage For A Market Rally To All-Time Highs In 2023

Did This Surprising Signal Just Set The Stage For A Market Rally To All-Time Highs In 2023

Watch the video extracted from the WLGC session before the market open on 12 Dec 2023 below to find out the following: How to use the failed signal to judge the market trend. The potential market rotation into the speculative theme from the small cap in December. The behavior you need to know that translates to strong market […]