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EUR/USD Forecast: Looks For Higher Levels Despite Exhaustion

EUR/USD Forecast: Looks For Higher Levels Despite Exhaustion

In light of these developments, the prevailing sentiment appears to favor a “buy on the dip” strategy. Observing the Euro’s performance against the US dollar on Thursday, we can see that it initially attempted to rally but now appears to be encountering some exhaustion, with the gravitational pull of market forces coming into play. This exhaustion is […]
3 Tech Stocks Suited Nicely For Income Investors

3 Tech Stocks Suited Nicely For Income Investors

Image Source: Unsplash  Tech stocks have been red-hot in 2023, delivering outsized gains. They’ve jumped back in favor following a tough 2022, with expectations of a less-hawkish fed helping drive performances.Other than tech stocks, investors also love dividends, as they can provide a nice buffer against drawdowns in other positions and a passive income stream.Interestingly enough, […]
USD/JPY Forecast For 2024: How High Will The Japanese Yen Rise?

USD/JPY Forecast For 2024: How High Will The Japanese Yen Rise?

 Image Source: Pixabay   The Japanese yen rally continued this week as it rose to its August high. The currency will be in the spotlight as traders assess the next actions by the BoJ. The Federal Reserve has pointed to at least three rate cuts in 2024. The Japanese yen has ended the year on a […]
Bitcoin And Ethereum: Bitcoin Falls To Support At $42200

Bitcoin And Ethereum: Bitcoin Falls To Support At $42200

Bitcoin chart analysisThis week, we see indecisive movement in the price of Bitcoin. One day we go up another day we go down, and so on until today. After forming a high of $43,800 on Wednesday evening, we see a pullback on Thursday and a drop to the $42,200 level on Friday morning. Then, the price gets […]
Analytical Overview Of The Main Currency Pairs – Friday, Dec. 29

Analytical Overview Of The Main Currency Pairs – Friday, Dec. 29

Image Source: Pixabay  The EUR/USD currency pairTechnical indicators of the currency pair: Prev Open: 1.1101 Prev Close: 1.1059 % chg. over the last day: -0.38 % The euro has surpassed the 1.1 USD mark by the end of 2023, having gained almost 4% over the year. The euro has rallied in recent weeks on expectations that the Federal Reserve (Fed) will start cutting […]
Winning Trades: Is There An Ideal Exit Time?

Winning Trades: Is There An Ideal Exit Time?

Image Source: DepositPhotosIn today’s video we’ll explore key aspects of managing winning trades: How to approach winning trades & when to exit How do they affect your overall trading strategy? How important is emotional readiness in trading?Video Length: 00:06:57 More By This Author:Daily Market Outlook – Tuesday, Dec. 19Daily Market Outlook – Monday, Dec. 18FTSE Fighting […]
5 Sector ETFs That Beat The Market In 2023

5 Sector ETFs That Beat The Market In 2023

Image Source: Unsplash  It has been a robust year for the U.S. stock market. The Dow Jones Industrial Average and the S&P 500 Index are set to conclude 2023 with impressive gains of 13% and 24%, respectively. The optimism that the Fed is done with interest rate hikes has led to a strong rally in recent […]
WTI Remains On The Defensive Above $72.00 Amid The Holiday Season’s Thin Trading

WTI Remains On The Defensive Above $72.00 Amid The Holiday Season’s Thin Trading

Image Source: DepositPhotosWestern Texas Intermediate (WTI), the US crude oil benchmark, is trading around $72.15 on Friday. The downtick in WTI prices is bolstered by the modest rebound of the US Dollar (USD) and easing concerns about supply disruptions.Tensions in the Red Sea have started to fade as logistical operations have resumed in the area. Earlier this […]
BTC/USD Forecast: Looks Positive, But Consolidates

BTC/USD Forecast: Looks Positive, But Consolidates

In the end, Bitcoin’s recent price action reflects a period of consolidation and uncertainty.  Bitcoin’s performance on Thursday showed initial attempts to push higher, although it encountered resistance in sustaining those gains. This pattern is consistent with the consolidation phase that has persisted since late November. This has only been a bit of a blip, in […]
Thinly Traded Markets Can Leave Gold Investors In A Vulnerable Spot

Thinly Traded Markets Can Leave Gold Investors In A Vulnerable Spot

Image Source: Unsplash  I welcome back David Brady to the show. David discusses the current state of the gold and silver markets. He believes that both metals are predicted to go lower in the short term due to thin markets, low capital requirements, and excessive shorting by bullion banks.Brady advises traders to stop playing in between […]