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Elliott Wave Technical Analysis: WTI Crude Oil – Thursday, March 7

Elliott Wave Technical Analysis: WTI Crude Oil – Thursday, March 7

Image Source: Unsplash  WTI Crude Elliott wave analysis – when will the corrective rally end?Function – Counter-trendMode – CorrectiveStructure – DiagonalPosition – Blue wave a of Y of (B)Direction – Blue wave b of Y of (B)WTI Crude has gained over 16% since mid-December. However, the resurgence has been corrective. Thus, the buyers need to know […]
Bitcoin Hits $69K, Coinbase Faces Outages

Bitcoin Hits $69K, Coinbase Faces Outages

As Bitcoin reached an all-time high of $69,000, Coinbase, a leading U.S. cryptocurrency exchange, faced significant technical issues. Users experienced transaction errors. This prompted the exchange to reassure them about the safety of their assets and acknowledge the existing issues. A sudden surge in market activity strained Coinbase’s infrastructure. It highlighted the challenges in handling unexpected spikes […]
ECB Keeps Rates And Communication Unchanged

ECB Keeps Rates And Communication Unchanged

Image Source: Pexels  The European Central Bank keeps its policy rates on hold and doesn’t blink on possible upcoming rate cuts.No policy action and all focus is on communication. This had been the focus of today’s ECB meeting already for a while. The just-published policy announcement shows that now is not the time for rate cuts […]
Powell Says Fed Funds Rate At Its ‘Peak’ But…

Powell Says Fed Funds Rate At Its ‘Peak’ But…

Image Source: Pixabay  Yesterday during his first day of back-to-back testimony in Washington, Fed Chair Powell signaled the policy rate is at its “peak for this tightening cycle,” although he indicated that the central bank is not ready to begin cutting rates immediately Powell shared that he still expects a pivot to interest rate cuts this year. […]
USD/JPY Analysis: Major Break In The Uptrend

USD/JPY Analysis: Major Break In The Uptrend

The USD/JPY pair continued its strong downward trend after a series of encouraging economic data from Japan.  Since the start of today’s trading session on Thursday, the USD/JPY exchange rate has been falling sharply as investors continue to bet that the Bank of Japan (BoJ) will start cutting interest rates soon. According to forex trading platforms, the […]
Are Stock Prices Forming A Medium-Term High?

Are Stock Prices Forming A Medium-Term High?

S&P 500 got back above the 5,100 level, but will the uptrend continue?Wednesday’s session didn’t change much on the stock market, despite the long-awaited testimony from the Fed Chair Powell, with the S&P 500 index gaining 0.51% following its Tuesday’s decline of 1%.On Tuesday, the market reversed from its Monday’s new record high of 5,149.67, […]
USD/TRY Forecast: The Turkish Central Bank Continues Adopting Tighten Monetary Policy Procedures

USD/TRY Forecast: The Turkish Central Bank Continues Adopting Tighten Monetary Policy Procedures

Earlier, the GBP/USD pair rose to 1.2722 on Tuesday after data from the economic calendar showed that the US ISM services PMI reading came in at 52.6 in February During yesterday’s trading session, the GBP/USD pair rose by a third of a percent to reach 1.2744 after the US job quit rate fell. This signaled to markets […]
Bitcoin Declined 13% Intraday Again

Bitcoin Declined 13% Intraday Again

From Monday’s close to its low point on Tuesday, Bitcoin declined by over 13%. While a 13% decline in one day may seem enormous for almost any asset class, it’s not that out of the ordinary for Bitcoin traders and investors. As we graph below, Bitcoin has fallen by 13% or more intraday 59 times […]
How Homeowners Insurance Protects You on Vacation Too

How Homeowners Insurance Protects You on Vacation Too

If you’re heading off on a vacation, there’s some good news on the horizon for you. Your homeowner’s insurance may protect you while you’re on the road. Let’s look at what Albany home insurance can cover when you’re away and how you can cover the gaps in the insurance effectively.  What You Can Carry Over: Personal […]
Is A FTSE Spring Boost Ahead Before UK Elections?

Is A FTSE Spring Boost Ahead Before UK Elections?

Image Source: Unsplash  Over the last 25 years the month of April has been the firmest month for the FTSE 100 with an average return of over 2%.However, the seasonal period of strength often begins around the middle of March and runs into the end of April. When you look at the seasonal period of strength […]