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The Return Of Optimism In Germany

The Return Of Optimism In Germany

A third monthly increase in the Ifo index strengthens the view that the German economy has left the trough behind and should be able to enjoy some more cyclical improvement. Unsplash Finally at a cyclical turning point. Germany’s most prominent leading indicator, the Ifo index, has added to recent evidence of a bottoming out of the German […]
Australian Dollar/U.S. Dollar – Forex Elliott Wave Technical Analysis – Wednesday, April 24

Australian Dollar/U.S. Dollar – Forex Elliott Wave Technical Analysis – Wednesday, April 24

AUDUSD Elliott Wave Analysis Trading Lounge Day Chart, Wednesday, April 24   PixabayAustralian Dollar/U.S. Dollar (AUDUSD) Day Chart  AUDUSD Elliott Wave Technical Analysis                         FUNCTION: Counter Trend                            MODE: impulsive as A           […]
Is There A Recession In The US Economy This Year?

Is There A Recession In The US Economy This Year?

It’s all well and good to announce positive economic news. Yet, consumers of such news may not be getting the full story.In other words, there’s plenty of less-than-positive economic developments, and I’ll point out just three which portend a possible economic contraction.The first one has been well-advertised: the developing commercial real estate crisis. In a […]
USD/JPY Forecast: Dips Are Opportunities

USD/JPY Forecast: Dips Are Opportunities

Short-term dips at this point in time continue to be buying opportunities and that’s something I’ve been doing adding to a longer term trend. The 154 yen level underneath is significant support. The 152 Yen LevelRight after that then we have the 152 yen level which i think is the floor in the market especially now that […]
GBP/USD Forex Signal: Pound Sterling’s Comeback Set To Be Brief

GBP/USD Forex Signal: Pound Sterling’s Comeback Set To Be Brief

Bullish view Buy the GBP/USD pair and set a take-profit at 1.2530. Add a stop-loss at 1.2375. Timeline: 1-2 days.  Bearish view Set a sell-stop at 1.2425 and a take-profit at 1.2325. Add a stop-loss at 1.2525. The GBP/USD exchange rate bounced back sharply after the strong UK flash composite PMI and a hawkish statement by Huw […]
Changpeng Zhao could face a 3-year prison term as DOJ seeks to deter crypto crime

Changpeng Zhao could face a 3-year prison term as DOJ seeks to deter crypto crime

The U.S. Department of Justice (DOJ) has called for a 36-month prison sentence and a $50 million fine for Binance founder and former CEO Changpeng Zhao, also known as CZ, in connection with his role in the crypto exchange’s violation of federal sanctions and money laundering laws.In a sentencing memo filed Tuesday night, DOJ attorneys […]
XRP Surges 12% As Bulls Take Charge, Expert Raises Target To $1.4

XRP Surges 12% As Bulls Take Charge, Expert Raises Target To $1.4

XRP has shown notable signs of renewed bullish momentum in the market. It bounced back from a significant 11% price drop on April 12th, which took the token to its lowest level of the year at $0.4230. However, last week saw a solid 12% price recovery, with XRP outperforming the other top 10 altcoins in the market, behind […]
Asia Morning Bites – Wednesday, April 24

Asia Morning Bites – Wednesday, April 24

Australian March and first-quarter 2024 inflation and a no-change decision from Bank Indonesia due. Global Macro and Markets Global Markets:  US Treasury yields dropped slightly yesterday as the manufacturing PMI dropped into contraction territory and a strong auction for USD69bn of two-year Treasuries buoyed prices. There is a USD70bn 5Y auction today and a USD44bn 7Y auction on […]
GBP/USD Price Analysis: Rises To Near 1.2450 Despite The Bearish Sentiment

GBP/USD Price Analysis: Rises To Near 1.2450 Despite The Bearish Sentiment

GBP/USD has been on the rise for the second consecutive day, trading around 1.2450 in Asian trading on Wednesday. However, the pair is still below the pullback resistance at 1.2518, which coincides with the lower boundary of the descending triangle at 1.2510. Furthermore, the 14-day Relative Strength Index (RSI) is below the 50 level, indicating […]
EURUSD Stages Rebound: Correction Or Downtrend Pause?

EURUSD Stages Rebound: Correction Or Downtrend Pause?

EURUSD has displayed a promising sign, potentially interrupting its recent decline. This analysis examines the technical situation and explores potential scenarios for the currency pair. EURUSD Breaches Resistance: Upside Move Suggests Correction: EURUSD has broken above the resistance level at 1.0689 and reached a high of 1.0713. This breakout suggests a potential correction for the downtrend that began at […]