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USD/CAD Rises To 1.3570 As US Dollar Advances On Firm US Economic Outlook

USD/CAD Rises To 1.3570 As US Dollar Advances On Firm US Economic Outlook

The USD/CAD pair jumps to 1.3570 in the early New York session on Friday. The Loonie asset advances as appeal for the US Dollar strengthens on expectations that the Federal Reserve (Fed) needs not to rush for rate cuts.The consumer price inflation in the United States economy is sticky and the US economic outlook is […]
MSTR Island Reversal

MSTR Island Reversal

MicroStrategy (MSTR), a former software company that has transformed itself into a Bitcoin holding company with sky-high premiums, has gone up over 1,000% over the past fifteen months. I wanted to point out a rather unusual island reversal pattern that has just taken place. You can see how swift the ascent of this stock has […]
Solana Hits $208, Poised For $250 Amid 69% Surge

Solana Hits $208, Poised For $250 Amid 69% Surge

Solana, a high-performance blockchain, has recently seen its native token, SOL, experience a remarkable surge of 69% over the past month, reaching a new high of $208 on March 18. This impressive climb, however, faced a temporary setback, as SOL fell by over 16% since March 18 amidst a wider crypto market dip. Despite the fallback, […]
Stocks In Focus: Lululemon, Nike, And Tesla Slump Amid Headwinds

Stocks In Focus: Lululemon, Nike, And Tesla Slump Amid Headwinds

Image Source: Pexels  Lululemon Athletica Inc. (Nasdaq: LULU), NIKE, Inc. (NYSE: NKE), and Tesla, Inc. (Nasdaq: TSLA) opened lower and are experiencing downward pressure on their stock prices today.Lululemon’s decline is attributed to a slowdown in US store traffic and a weaker outlook, marking its most severe slump since the pandemic’s onset. Nike’s drop followed earnings announcements and […]
The Man Spending $500 Million To Restore Your Digital Privacy

The Man Spending $500 Million To Restore Your Digital Privacy

Seems like I hit a nerve.Earlier this week, I shared my thoughts on a ban or forced sale of social media platform TikTok. The Chinese Communist Party can use it to surveil and manipulate Americans, and we should ban it immediately. Many of you sent thoughtful feedback, which I appreciate.China’s influence is only one of […]
Bull Of The Day: General Motors

Bull Of The Day: General Motors

Image Source: Unsplash  General Motors (GM – Free Report) is a Zacks Rank #1 (Strong Buy) that has a A for Value and D for Growth.  This stock automotive company has a great valuation and has been running hard since the most recent earnings beat.  Let’s explore more about this company in this Bull of The Day article.  DescriptionGeneral […]
Germany’s Housing Slump Finally Looks To Be Ending

Germany’s Housing Slump Finally Looks To Be Ending

Image Source: Unsplash  The German housing market seems to be bottoming out following a particularly sharp correction in real estate prices in 2022 and 2023. The recovery, however, looks set to be gradual.  Interest rates are the main driver of housing market developmentsData on house price developments in Germany published today, Friday, illustrate the effect that the […]
USD/CHF Price Forecast: First Breakout Target Met

USD/CHF Price Forecast: First Breakout Target Met

The USD/CHF is trading in the upper 0.8900s after breaking out of the top of a range it had been yo-yoing in since Valentine’s Day, and rallying higher. The pair has now risen up and met the conservative target for the breakout at 0.8984 and is pulling back. The technical method for establishing targets from range breakouts is by […]
XAUUSD Steadies After Briefly Touching An All-Time High

XAUUSD Steadies After Briefly Touching An All-Time High

After briefly reaching an all-time high (~$2222.85) following the Fed’s dovish commentary XAUUSD has retreated towards $2170.The retreat comes amid strengthening US dollar as the lower-than-expected Initial jobless claims reading posted on Thursday indicated a potential upbeat of the US labor market.Declining jobless claims numbers may contribute to the Fed’s decision to keep the interest […]
USD/JPY Drops To 151.00 On Hot Japan’s Inflation

USD/JPY Drops To 151.00 On Hot Japan’s Inflation

 Image Source: Pixabay   USD/JPY falls to 151.00 even though the appeal for the US Dollar is upbeat. The USD Index refreshes monthly high on upbeat US economic outlook. Japan’s hot inflation for February has improved the credibility of BoJ’s shift to policy normalization. The USD/JPY pair slips to 151.00 in Friday’s late European session. The Japanese Yen […]