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Montnets Going Overseas

Montnets Going Overseas

Recently, Montnets Technology said, “The Indonesian market is definitely the focus of investment at present, and the next step is Vietnam, Kenya and Nigeria in Africa. Because we mainly serve Chinese companies going overseas, we will go to whichever country has more Chinese companies. We also consider local laws, regulations and local policies, so in […]
Cardano Soars Past $0.780, Eyes $0.8320

Cardano Soars Past $0.780, Eyes $0.8320

 Photo by Executium on Unsplash   Cardano (ADA) sees a notable rise, surpassing the $0.705 resistance. A significant break above a bearish trend line, with price spikes above $0.780. ADA trades above crucial levels, eyeing the next resistances at $0.80 and $0.8320. Support levels to watch: $0.7380 and $0.6880, with potential dips to $0.6280. This week marked a […]
Sticky US Inflation And The Big BOJ Dilemma

Sticky US Inflation And The Big BOJ Dilemma

The dollar has found a bit of support into today’s US CPI data, which we expect to show a still too-hot 0.3% MoM core rate for February. The dollar can build on the release for some further stabilization. Meanwhile, BoJ headlines continue to move the yen. A March hike is under consideration, and Friday’s wage […]
S&P 500 Remains Bullish

S&P 500 Remains Bullish

PixabaySPX Monitoring purposes; Long SPX 3/8/24 at 5123.69.Our Gain 1/1/23 to 12/31/23 SPX= 28.12%; SPX gain 23.38%Monitoring purposes Gold:  Long GDX on 10/9/20 at 40.78.   Our gain for 2023 came in at 28.12% and SPX gain for 2023 came in at 23.38.  We made 8 SPX trades with one loss and 7 wins in 2023. This week […]
Market Briefing For Tuesday, March 12, 2024

Market Briefing For Tuesday, March 12, 2024

‘Immaculate Rotation’ – is a term heard these days to despite the market, as it muddles through mild consolidation, more than an (overdue full correction) that isn’t required in many areas that have not move significantly as of yet.PixabayThere are leveraged players overplaying some of the big stocks, while minor rotation has lifted the slightly secondary […]
Elliott Wave Technical Analysis: AUDUSD – Tuesday, March 12

Elliott Wave Technical Analysis: AUDUSD – Tuesday, March 12

Image Source: PixabayAUDUSD Elliott Wave Analysis Trading Lounge Day Chart, 12 March 24  Australian Dollar/U.S.Dollar (AUDUSD) Day ChartAUDUSD Elliott Wave Technical AnalysisFUNCTION: Trend      MODE: impulsive      STRUCTURE:red wave 3        POSITION: blue wave 1      DIRECTION NEXT LOWER DEGREES:red wave 4      DETAILS:red wave 2  looking completed at  0.64766 […]
SPDR ETF Report For Monday, March 11

SPDR ETF Report For Monday, March 11

Image Source: PixabayIn this video, Ira Epstein reviews the day’s trading in various SPDR-ETF markets for the trading day just ended, Monday, March 11.Video Length: 00:13:02More By This Author:Metals Report For Monday, March 11Financial Markets Report For Monday, March 11Metals Report For Friday, March 8
GBPJPY Should Resuming To The Upside After A Corrective Pause

GBPJPY Should Resuming To The Upside After A Corrective Pause

Image Source: UnsplashGBPJPY has ended a cycle from 14.12.2023 low. Up from 14.12.2024 low, wave (1) ended at 191.32 and pullback in wave (2) is in progress. The pair resumes lower in wave ((i)) with internal subdivision as 5 waves. Down from wave (1), wave (i) ended at 190.34 and wave (ii) pullback ended at 190.99. […]
Poland To Opt For A Gradual Adjustment In Retail Electricity Prices From Mid-2024

Poland To Opt For A Gradual Adjustment In Retail Electricity Prices From Mid-2024

Image source: PixabayPoland’s electricity prices to households remains frozen until mid-2024. A hike of about 15% is pending from July, but – thanks to favourable energy market developments – further hikes in 2025 may be spared. This will affect the inflation paths for this year and next, and may open space for interest rates cuts by the […]
Elliott Wave Technical Analysis: LINKUSD – Tuesday, March 12

Elliott Wave Technical Analysis: LINKUSD – Tuesday, March 12

Image Source: PexelsElliott Wave Analysis TradingLounge Daily Chart, 12 March 24,Chainlink/ U.S. dollar(LINKUSD)LINKUSD Elliott Wave Technical AnalysisFunction: Follow TrendMode: MotiveStructure: ImpulsePosition: Wave VDirection Next higher Degrees: Wave (I) of ImpulseWave Cancel invalid Level: 8.498Details: It is likely to increase further as Wave 5 continues to expand.Chainlink/ U.S. dollar(LINKUSD)Trading Strategy:Chainlink continues to trend higher from the 5th […]