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BOJ And China PMI Disappoint, While EMU Q2 Growth And October Inflation Were Softer Than Expected

BOJ And China PMI Disappoint, While EMU Q2 Growth And October Inflation Were Softer Than Expected

The Bank of Japan softened its 1.0% cap on the 10-year, while lifting its core CPI forecast this fiscal year and next. This disappointed many who anticipated a bolder move to exit the extraordinary monetary policy. The yen was sold in disappointment and the dollar has returned to the JPY150.75 area. The eurozone contracted by […]
Japanese Market Commentary – Tuesday, October 31

Japanese Market Commentary – Tuesday, October 31

Small Tweaks From BOJThe Japanese Yen hit its lowest level against EUR today for the first time since 2008. The fresh rally in EURJPY comes in response to the latest BOJ meeting overnight. The bank once again held headline policy unchanged, reaffirming its commitment to easing, despite making a further adjustment to its YCC program. […]
GBP/USD Forex Signal: Neutral Outlook Ahead Of Key Events

GBP/USD Forex Signal: Neutral Outlook Ahead Of Key Events

The most important GBP/USD news will be the upcoming FOMC and Bank of England (BoE) interest rate decisions.  Bullish view Buy the GBP/USD pair and set a take-profit at 1.2230. Add a stop-loss at 1.2100. Timeline: 1-2 days.  Bearish view Sell the GBP/USD pair and set a take-profit at 1.2065 (October 26th low). Add a stop-loss at 1.2230. The GBP/USD […]
WTI Price Analysis: Sticks To Modest Gains Around Mid-$82.00s, Upside Potential Seems Limited

WTI Price Analysis: Sticks To Modest Gains Around Mid-$82.00s, Upside Potential Seems Limited

West Texas Intermediate (WTI) Crude Oil prices attract some buying on Tuesday and move away from a near three-week low, around the $81.55 region touched the previous day. The commodity sticks to its modest intraday gains through the first half of the European session and currently trades around mid-$82.00s, up 0.25% for the day.Worries that a further escalation […]
Elliott Wave Technical Analysis: Analog Devices – Tuesday, October 31

Elliott Wave Technical Analysis: Analog Devices – Tuesday, October 31

Analog Devices Inc., Elliott Wave Technical AnalysisAnalog Devices Inc.,  (ADI:NASDAQ): 4H Chart, 31 October 23ADI Stock Market Analysis: We have been looking for a wave (2) to take place and we seem to be in the final stages of the correction. We seem to have had a complex correction as we continued to move in three wave […]
BTC Chart Pattern Bodes Well For Arweave, Avalanche, Chainlink, Solana

BTC Chart Pattern Bodes Well For Arweave, Avalanche, Chainlink, Solana

Cryptocurrencies had a strong performance in October as they outperformed key assets like stocks, bonds, and commodities. Bitcoin led the charge as it jumped to the highest level since June last year. At its peak, the coin was up by more than 128% from the lowest point in November last year. Bitcoin has positive technicalsBitcoin price jumped because […]
Golden Investment Opportunity For Golden Heaven

Golden Investment Opportunity For Golden Heaven

Golden Heaven Group Holdings Ltd. (GDHG) is a Cayman Islands-based company that operates amusement parks, water parks, and related facilities in China. Established in 2020, it went public on NASDAQ in April 2023. The company operates six amusement parks throughout China and plans to expand its operations significantly, becoming a regional leader in the sector.Their […]
Bank Of Japan’s Slow Move To The Exit Keeps JPY Soft

Bank Of Japan’s Slow Move To The Exit Keeps JPY Soft

Photo by Ibrahim Boran on UnsplashUSD/JPY is higher in Europe after the BoJ made the lightest of tweaks to its Yield Curve Control policy. At the same time, US Treasuries are slightly better bid as the Treasury announced a smaller borrowing requirement in the fourth quarter. Today’s highlights include the US Employment Cost Index and 3Q […]
Day Chart Elliott Wave Technical Analysis: USDCHF – Tuesday, October 31

Day Chart Elliott Wave Technical Analysis: USDCHF – Tuesday, October 31

USDCHF Elliott Wave Analysis Trading Lounge Day  Chart, 31 October 23U.S.Dollar/Swiss Franc(USDCHF) Day ChartUSDCHF Elliott Wave Technical AnalysisFunction:   TrendMode: impulsiveStructure: blue wave 1 of black wave 3Position:  Black wave 3Direction Next Higher Degrees: blue wave 1 (continue)Details:  black wave 2 completed at  0.88885 .Now blue wave 1 of black wave 3 is in play. Wave […]
Transocean Stock Price: RIG Is At Risk Of Diving As Earnings Miss

Transocean Stock Price: RIG Is At Risk Of Diving As Earnings Miss

Photo by Timothy Newman on Unsplash Transocean share price has plunged by over 27% from the YTD high. The stock has plunged to the lowest level since June 30th of this year. Transocean published relatively weak financial results. Transocean (RIG) stock price continued its bearish trend this week as energy shares retreated. The shares crashed to a low […]