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USD/JPY Recovers To Near 147.90 Ahead Of US Employment Figures

USD/JPY Recovers To Near 147.90 Ahead Of US Employment Figures

 Image Source: Pixabay   USD/JPY recovers intraday losses ahead of US employment data on Friday. US Dollar gains ground on market sentiment around Fed rate cuts in June. US Nonfarm Payrolls could fall to 200K new jobs in February, lower than the previous figure of 353K. USD/JPY trims some of its intraday losses on Friday on […]
AVGO: Where’s The AI Boom?

AVGO: Where’s The AI Boom?

Broadcom (AVGO) – sometimes called “the poor man’s Nvidia” – has surged along with Nvidia in anticipation of big demand for its chips for AI. But – unlike Nvidia – it simply isn’t showing up in AVGO’s numbers. Overall revenue surged 34% in the quarter they announced after the close Thursday but that’s mostly because […]
Gold Price Forecast: XAU/USD Extends The Rally Above $2,160, Investors Await US NFP Data

Gold Price Forecast: XAU/USD Extends The Rally Above $2,160, Investors Await US NFP Data

Image Source: Unsplash Gold price gains momentum around $2,165 amid the softer US Dollar, adding 0.12% on the day.  The dovish comments from central bank policymakers and safe-haven flows boost the demand for gold.  Gold traders await the Eurozone GDP Q4 growth numbers and US February labor market data.  Gold price (XAU/USD) extends its upside around […]
DAX Index Forecast As The ECB And Fed Delivers Another Catalyst

DAX Index Forecast As The ECB And Fed Delivers Another Catalyst

Image Source: Pexels The DAX index surged to its highest level on record. The ECB pointed to interest rate cuts starting in June. The Federal Reserve also hopes to start slashing rates in 2024. The DAX index surged to a record high, continuing a strong rally that has been going on for months. The index, which has the […]
First Hard Data For 2024 Signals German Economy Is Bottoming Out

First Hard Data For 2024 Signals German Economy Is Bottoming Out

Image source: PixabayThis morning, January industrial production came in at 1.0% month-on-month, from -2.0% in December. On the year, industrial production was still down by more than 5% and is now some 10% below its pre-pandemic level. Production in energy-intensive sectors rebounded by some 3% MoM, after the 6% December plunge. The January improvement in industrial […]
Insiders Are Buying These 5 Stocks

Insiders Are Buying These 5 Stocks

Image Source: UnsplashInvestors closely monitor insider buys. But who are ‘insiders’?An insider is defined by Section 16 of the Security Exchange Act as an officer, director, 10% stockholder, or anyone who possesses information because of their relationship with the company.Of course, many strict rules apply to insiders. Notably, they have a longer holding period than most, […]
MDB: A High-Flying Software Stock Likely To Report Strong Earnings

MDB: A High-Flying Software Stock Likely To Report Strong Earnings

Wall Street’s fourth-quarter earnings season may be drawing to a close, but there are still several notable companies set to report their latest financial results in the coming weeks. While most of the focus has been on the ‘Magnificent 7’ mega-cap group of tech stocks, several high-flying security software companies are due to deliver their […]
SPDR ETF Report For Thursday, March 7

SPDR ETF Report For Thursday, March 7

Image Source: PixabayIn this video, Ira Epstein reviews the day’s trading in various SPDR-ETF markets for the trading day just ended, Thursday, March 7.Video Length: 00:08:22More By This Author:Metals Report For Thursday, March 7 Financial Markets Report For Thursday, March 7Metals Report For Wednesday, March 6
Elliott Wave Technical Analysis: GBPAUD – Friday, March 8

Elliott Wave Technical Analysis: GBPAUD – Friday, March 8

GBPAUD Elliott Wave Analysis Trading Lounge Day Chart, 8 March 24  British Pound/ Australian Dollar (GBPAUD) Day ChartGBPAUD Elliott Wave Technical AnalysisFUNCTION: Counter Trend      MODE: Corrective      STRUCTURE:Blue wave B      POSITION: Black wave 2      DIRECTION NEXT HIGHER  DEGREES:blue wave C      DETAILS: blue wave B of 2 […]
GBP/USD Price Analysis: Appreciates To Near 1.2810 Followed By December’s High

GBP/USD Price Analysis: Appreciates To Near 1.2810 Followed By December’s High

Image Source: Unsplash GBP/USD targets December high at 1.2828 and August high at 1.2841. Technical analysis suggests a confirmation of the bullish trend for the pair. The psychological level of 1.2800 appears as an immediate support level. GBP/USD seems to continue its winning streak that began on March 1, hovering around 1.2810 during the Asian session […]