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Signs Of A Fresh Easing Cycle

Signs Of A Fresh Easing Cycle

Image Source: Pixabay  The US Dollar remains under pressure into the end of the week after another round of soft US data, this time in the form of higher jobless claims. All of this has helped to reinforce the view the Fed needs to start thinking more seriously about a shift to rate cuts and more […]
A Dovish Fed Is Bullish For Gold And Silver

A Dovish Fed Is Bullish For Gold And Silver

Last week, I forecast that we would get a surprisingly low Non-Farm Payrolls, and that is exactly what happened. I also forecast a jump in jobless claims, and today we got that too. Why does this matter? I’ll let Powell explain. Following the March FOMC meeting, he said: “If there were a significant weakening in the data, […]
Elliott Wave Technical Analysis: Australian Dollar/U.S. Dollar – Friday, May 10

Elliott Wave Technical Analysis: Australian Dollar/U.S. Dollar – Friday, May 10

Image Source: Pexels  AUDUSD Elliott Wave Analysis Trading Lounge Day Chart,    Australian Dollar/U.S.Dollar (AUDUSD) Day Chart    AUDUSD Elliott Wave Technical Analysis  FUNCTION: Trend                                        MODE: impulsive                             […]
PayPal Stock Price Analysis: PYPL Has Formed A Risky Pattern

PayPal Stock Price Analysis: PYPL Has Formed A Risky Pattern

 Image Source: Unsplash   PayPal share price has formed a rising wedge pattern on the daily and weekly charts. The company’s growth rate is significantly lower than other fintech companies. It has also continued shedding the number of active users on its platform. Watching PayPal’s (Nasdaq: PYPL) stock price implode has been painful to see. A […]
FX Daily: Slower US Jobs Narrative Gaining Traction

FX Daily: Slower US Jobs Narrative Gaining Traction

Image Source: PixabayThe dollar dropped after slightly higher-than-expected US jobless claims yesterday. This denotes how USD remains exposed to positioning adjustments and possibly that more investors are buying into the slower labour growth narrative. Still, US inflation remains key to unlocking more dollar downside, and rangebound trading remains more likely for now.   USD: Some dollar […]
Metals Report For Thursday, May 9

Metals Report For Thursday, May 9

Image Source: PixabayIn this video, Ira Epstein reviews the day’s trading in the gold and other relevant metal markets.Video Length: 00:09:29More By This Author:SPDR ETF Report For Thursday, May 9Financial Markets Report For Thursday, May 9Metals Report For Wednesday, May 8
Towards A New Silver Short Squeeze?

Towards A New Silver Short Squeeze?

Image Source: PixabayIn the last exclusive bulletin to GoldBroker clients, I discussed the rather positive outlook of the recent report from the Silver Institute. It seems likely that last year’s silver shortfall will be repeated next year. The current supply is unable to keep pace with ever-increasing demand.What’s new this year is the increase in industrial demand for silver, […]
EUR/USD Price Analysis: The Crucial Resistance Level Will Emerge At The 1.0790–1.0800 Region

EUR/USD Price Analysis: The Crucial Resistance Level Will Emerge At The 1.0790–1.0800 Region

Image Source: Pixabay EUR/USD weakens to 1.0775 on the firmer USD on Friday. The pair keeps the bearish vibe below the key EMA on the daily timeframe.  The key resistance level will emerge in the 1.0790–1.0800 zone; the first downside target is located at 1.0724. The EUR/USD pair trades on a softer note near 1.0775 during the early European hours on Friday. The […]
Why There Is No Noticeable Benefit From The Fed’s Policies

Why There Is No Noticeable Benefit From The Fed’s Policies

Image source: WikipediaHere is the only noticeable “benefit” from the Fed’s pro-inflation policies since Greenspan’s arrival at the Eccles Building. To wit, these policies have pleasured the tippy top of the economic ladder with massive wealth gains owing to the relentless inflation of financial assets. During the 34 years since 1989, therefore, net worth has increased […]
USD/CAD Advances To Near 1.3700 As US Dollar Remains Firmer

USD/CAD Advances To Near 1.3700 As US Dollar Remains Firmer

Photo by Michelle Spollen on Unsplash USD/CAD gains ground due to the expectations of the Fed keeping higher rates for longer. US Treasury yields lost ground after the release of weak US Initial Jobless Claims on Thursday. BoC Governor Tiff Macklem highlighted the resilience of the financial system following the release of the Financial Stability Report. The USD/CAD […]