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EUR/USD Finds Support Near 1.0720 After Slow Grind On Monday

EUR/USD Finds Support Near 1.0720 After Slow Grind On Monday

Image Source: Pixabay German CPI inflation continues to rise but below forecasts. Fed rate call, pan-EU GDP, and HICP inflation in the mid-week. NFP Friday is a key US data point this week. EUR/USD jostled on Monday, settling near 1.0720 after churning in a tight but lopsided range as markets settle in for the wait to […]
Silver Price Analysis: XAG/USD Dips Slightly, Remains Bullish Above $27.00

Silver Price Analysis: XAG/USD Dips Slightly, Remains Bullish Above $27.00

Image Source: Pixabay Silver retreats from a high of $27.43 while interacting with key Fibonacci retracement levels. XAG/USD consolidates within the $27.05 to $27.70 Fibonacci range. A break above $27.70 could open the path to higher resistances at $28.00 and possibly extend towards the $29.00 mark and the annual high at $29.76. Should it fall below […]
Apple Earnings: Time To Take A Bite?

Apple Earnings: Time To Take A Bite?

Image Source: UnsplashIt’s another busy slate of earnings this week, with a wide variety of companies on the reporting docket. We’ve gotten through the big banks’ results and a few quarterly releases from ‘Mag 7’ members, whose results didn’t cause any meaningful spooks.And concerning this week’s docket, investor favorite Apple (AAPL – Free Report) is slated to unveil […]
AUD/JPY Price Analysis: Bulls Ran Out Of Steam And Bears Claim Ground

AUD/JPY Price Analysis: Bulls Ran Out Of Steam And Bears Claim Ground

Image Source: Unsplash The daily RSI suggests consistent buying momentum, with a slight dip indicating the possibility of a short-term correction. The hourly RSI and MACD readings suggest mounting selling pressure in recent transactions. The AUD/JPY trades at 102.43, demonstrating a pronounced bullish inclination despite Monday’s sharp losses. Indicators took a big hit and suggests that […]
Current Analysis: Hyundai Motor

Current Analysis: Hyundai Motor

Image Source: Photo by The Punisher on UnsplashHyundai Motor Co. (HYMTF) manufactures and distributes motor vehicles and parts. The group operates in three segments: (1) vehicle, (2) finance, and (3) other.Its vehicle segment is engaged in the manufacturing and sale of motor vehicles.The finance segment operates vehicle financing, credit card processing, and other financing activities.The other […]
From Buzz To Bust: Cocoa’s Rollercoaster Ride

From Buzz To Bust: Cocoa’s Rollercoaster Ride

Photo by Alexandre Brondino on UnsplashJust like lumber did a few years ago, Cocoa was thrust into the news for being so incredibly expensive. Once everyone was chattering about it, it cratered with a record fall.More By This Author:Commodity Trend Shift?Dow Futility IndexThe Halves And Halve Nots
Nasdaq 100 & S&P 500 Elliott Wave Update – Mon, April 29

Nasdaq 100 & S&P 500 Elliott Wave Update – Mon, April 29

Image Source: UnsplashTonight, I will spend some time addressing the “predictability of EW”. I bring both the cash and futures markets forward after today’s trades. Unfortunately, although closer still, the markets have not invalidated one of the two preferred counts. Both remain in play and I again review what the path, the success, and the path […]
New Highs Are Likely

New Highs Are Likely

Image Source: Pexels PX Monitoring purposes; Long SPX 4/12/24 at 5123.41.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.  Above is the monthly SPX with it monthly Bollinger band. The month of March closed 50% of its trading range above the upper Bollinger band (circle in blue) suggesting […]
Gold – Consolidation Triangle Rather Suggests Continuation Of The Rally

Gold – Consolidation Triangle Rather Suggests Continuation Of The Rally

Image Source: Pixabay Gold prices have taken a dip as hopes for a rate cut diminish following the reduction of broader conflict risks in the Middle East. As the attention is now turning to the upcoming Fed meeting, gold is now hovering above the USD 2,300 psychological mark looking for further stabilization and new input. Gold – […]
Why Is The Yen Falling?

Why Is The Yen Falling?

Yen. Image Source: Pixabay The Yen is falling off the cliff for two reasons.Video Length: 00:01:00More By This Author:Is Wall Street Destroying The American Dream? The 2024 Economic Outlook2024 Outlook: Rate Cuts And The Influencer Apocalypse