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Sensex Today Trades Lower; Nifty Below 21,900

Sensex Today Trades Lower; Nifty Below 21,900

Asian share markets made a cautious start on Monday in a week where inflation figures could make or break hopes for earlier US rate cuts.MSCI’s broadest index of Asia-Pacific shares outside Japan was flat, having hit its highest in more than 15 months last week.US stocks were mostly higher on Friday with the Dow extending […]
Hi Ho, Hi Ho, It’s Off To FX War We Go!

Hi Ho, Hi Ho, It’s Off To FX War We Go!

I’ve only now gotten around to writing about this Trump policy proposal: “Trump trade advisers plot dollar devaluation” . I was befuddled by how they Trump brain trust was going to effectively force the weakening of the dollar: sterilized intervention, dropping interest rates in the US, or forcing foreign countries to re-peg their currencies at stronger values. […]
USD/CHF Holds Position Above 0.9050 As The US Dollar Remains Firmer

USD/CHF Holds Position Above 0.9050 As The US Dollar Remains Firmer

  Photo by Claudio Schwarz on Unsplash   USD/CHF inches higher due to a firmer US Dollar driven by cautious remarks from Fed officials. The decline in the US Treasury yields limits the advance of the Greenback. Swiss Consumer Climate (YoY) came in at the reading of -38.1 for April, compared to -38.0 prior. USD/CHF gains ground for the […]
Weekly Market Pulse: Question Time

Weekly Market Pulse: Question Time

Special Note: Back in late March, I highlighted a charitable organization – Our Grounds – that I had had a very positive interaction with and asked that you consider donating. I also asked readers to send me recommendations for other charities they supported and today I am pleased to feature Sugar Plum Bakery in Virginia Beach, VA, recommended by Alhambra client Bruce.  […]
AUD/USD Forex Signal: Small Bullish Flag Forms Ahead Of US PPI, CPI Data

AUD/USD Forex Signal: Small Bullish Flag Forms Ahead Of US PPI, CPI Data

Bullish view Buy the AUD/USD pair and set a take-profit at 0.6650. Add a stop-loss at 0.6575. Timeline: 1-2 days. Bearish view Set a sell-stop at 0.6590 and a take-profit at 0.6500. Add a stop-loss at 0.6650. The AUD/USD pair pulled back on Monday morning after an encouraging statement from Australia’s Treasury Department on inflation. It retreated […]
Tariff Talk Invites More US Dollar Demand

Tariff Talk Invites More US Dollar Demand

Image Source: Pixabay  Friday’s run of stronger US data and worry around the threat of US tariffs on China have been behind a lot of the latest run of price action which has leaned in the US Dollar’s direction.Video Length: 00:01:15More By This Author:Signs Of A Fresh Easing Cycle BoE Decision Preview – Thursday, May 9Dollar […]
Kimsuky hacking group targets South Korean crypto firms with new malware — report

Kimsuky hacking group targets South Korean crypto firms with new malware — report

Kimsuky, a North Korean hacking group, has reportedly been utilizing a new malware variant called “Durian” to launch targeted attacks on South Korean crypto firms.The incidence is highlighted in a recently published threat intelligence report from Kaspersky. According to Kaspersky’s research, the malware is deployed specifically to break and exploit against security software used by […]
FX Daily: Close Call On A Romania Rate Cut Today

FX Daily: Close Call On A Romania Rate Cut Today

Image Source: Unsplash  FX markets are waiting on the big next chapter of the 2024 Fed easing story. Details should emerge this week when April US PPI and CPI data are released. A hot topic will also be US-China relations should the White House tomorrow raise tariffs on China’s green export industries. On a quiet Monday, we will also be […]
Bitcoin Crypto Price News Today – Elliott Wave Technical Analysis

Bitcoin Crypto Price News Today – Elliott Wave Technical Analysis

Elliott Wave Analysis TradingLounge Daily Chart,Bitcoin/ U.S. dollar(BTCUSD)BTCUSD Elliott Wave Technical AnalysisFunction: Counter TrendMode: CorrectiveStructure: Flatposition: Wave ((C))Direction Next higher Degrees: wave (III)Wave Cancel invalid level: 31046.25Details: Wave IV may be complete and the Price increase again in Wave VBitcoin/ U.S. dollar(BTCUSD)Trading Strategy:Overall, Bitcoin is still in an uptrend. But it is a period of correction […]
Market Briefing For Monday, May 13, 2024

Market Briefing For Monday, May 13, 2024

Consumer sentiment ‘cratered’ in Friday’s report. However that news failed to be be initially received constructively by the market as ‘bad news is good news’, such as the last couple similar data-points have suggested. Later S&P recovered. So it’s not just that the Fed won’t be incentivized to move to lower rates sooner (a mixed […]