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Copper Market Commentary – Wednesday, Dec. 6

Copper Market Commentary – Wednesday, Dec. 6

Image Source: Pexels  China DowngradeCopper prices look to be stabilizing today following two days of heavy selling which saw copper futures reversing sharply from the 3.9410 level. The reversal comes amidst a fresh uptick in concerns over the health of the Chinese economy. News that ratings agency Moody’s has cut China’s credit outlook to negative has […]
Bulls On Break? Navigating The Aftermath Of Up Momentum Burnout

Bulls On Break? Navigating The Aftermath Of Up Momentum Burnout

Image Source: Unsplash  Watch the video extracted from the WLGC session before the market open on 5 Dec 2023 below to find out the following: How to analyze the shortening of the up wave and its context. How to interpret the recent increase in the supply level The 2 immediate support levels (#2 is more meaningful for a major […]
FTSE 250 Index Outshines FTSE 100 As UK Gilt Yields Retreat

FTSE 250 Index Outshines FTSE 100 As UK Gilt Yields Retreat

The FTSE 250 index has outperformed the FTSE 100 index in the past few weeks as small-cap companies rebounded.FreepikThe index has jumped by more than 4% in the past 30 days while the FTSE 100 is up by 1%. Year-to-date, however, the two indices are still in the red, lagging behind their European peers like the the […]
Two Trades To Watch: DAX, GBP/USD – Wednesday, Dec. 6

Two Trades To Watch: DAX, GBP/USD – Wednesday, Dec. 6

Image Source: Pexels  DAX rises to a fresh all-time high boosted by rate-cut bets  ECB hawk Isabel Schnabel’s U-turn boosts stocks  EZ retail sales forecast to rise 0.2% MoM in Oct vs -0.2%   DAX rises to 16568 all-time high  The DAX and its European peers are pushing higher following on from a strong session in […]
After The Recent Export Surge, US Ending Stocks Aren’t Expected To Change

After The Recent Export Surge, US Ending Stocks Aren’t Expected To Change

Image Source: Unsplash  Market AnalysisThe upcoming USDA December 8 monthly crop report hasn’t prompted much market talk. With no US corn & soybean crop size update, the trade’s focus has been on South America’s weather outlook and the rainfall levels that have occurred in the various Argentine and N Brazil dry areas since trading resumed after […]
Market Briefing For Wednesday, Dec. 6

Market Briefing For Wednesday, Dec. 6

Freezing or frying… may no longer be a choice, with ‘both’ active and ongoing. I’m talking climate change at the end of COP 28, where an international team of more than 200 researchers identified 26 natural processes or features ‘at risk’ of being suddenly ‘irreversibly’ disrupted by climate change, including ice sheets, tropical rainforests, mountain glaciers, […]
Channel Trading Forex

Channel Trading Forex

Image Source: Pexels  Channel trading is a popular strategy among forex traders because it is relatively simple to implement and can be applied to any currency pair and time frame. Additionally, channel trading can be used to generate both long and short trades, making it a versatile strategy for all market conditions.In this article, we will […]
Sensex Today Hits Record High; Nifty Above 20,900

Sensex Today Hits Record High; Nifty Above 20,900

Asian stocks gained on Wednesday as bets firmed for a peak in interest rates among major central banks globally, as bond yields continued to decline.The Nikkei is trading 1.7% higher while the Hang Seng index is trading 0.9% higher. The Shanghai Composite is trading higher by 0.1%.US stocks ended mixed on Tuesday after fresh employment […]
Elliott Wave Technical Analysis Day Chart: Euro/U.S. Dollar – Wednesday, Dec. 6

Elliott Wave Technical Analysis Day Chart: Euro/U.S. Dollar – Wednesday, Dec. 6

Image Source: Pexels  EURUSD Elliott Wave Analysis Trading Lounge Day  Chart, 6 December 2023Euro/U.S. Dollar(EURUSD) Day ChartEURUSD Elliott Wave Technical AnalysisFunction: Counter TrendMode: impulsive as A  Structure: blue wave 2 of APosition: Y of wave 2/BDirection Next lower Degrees: blue wave 3 of A  Details: After blue wave 1 now blue wave 2 as a correction […]
Elliott Wave Technical Analysis 4 Hour Chart: Euro/U.S. Dollar – Wednesday, Dec. 6

Elliott Wave Technical Analysis 4 Hour Chart: Euro/U.S. Dollar – Wednesday, Dec. 6

Image Source: Unsplash  EURUSD Elliott Wave Analysis Trading Lounge 4 Hour  Chart, 6 December 2023Euro/U.S. Dollar(EURUSD) 4 Hour ChartEURUSD Elliott Wave Technical AnalysisFunction:  Counter TrendMode: impulsive as A  Structure: blue wave 2 of APosition: Y of wave 2/BDirection Next lower Degrees: blue wave 3 of A  Details: After blue wave 1 now blue wave 2 as […]