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GBP/USD Moves Below 1.2500 Ahead Of BoE Policy Decision

GBP/USD Moves Below 1.2500 Ahead Of BoE Policy Decision

Image Source: Pixabay GBP/USD extends losses ahead of the interest rate decision by BoE on Thursday. BoE is expected to maintain its policy rate at 5.25% until September. The US Dollar is strengthening on the expectations of the Fed keeping higher rates for an extended period. GBP/USD extends its losing streak for the third successive session, […]
EUR/GBP Extends The Rally Above 0.8600, All Eyes On The BoE Rate Decision

EUR/GBP Extends The Rally Above 0.8600, All Eyes On The BoE Rate Decision

Image Source: Pixabay EUR/GBP trades on a stronger note for three straight days near  0.8605 on Thursday.  The BOE is anticipated to keep its main interest rate at a 16-year high of 5.25% at its May meeting on Thursday. ECB’s Wunsch said he sees a path for the first-rate cuts this year, although the outlook remains foggy. The EUR/GBP cross extends its upside around 0.8605 during […]
5 Stocks At The Forefront Of S&P 500 ETF’s Latest Rally

5 Stocks At The Forefront Of S&P 500 ETF’s Latest Rally

Image Source: PixabayWall Street has regained momentum in recent sessions, with the S&P 500 Index logging the fourth consecutive gain. The benchmark reclaimed the 5,200 level in the latest trading session before ending below the level. This can be attributed to solid corporate earnings and renewed bets for Fed rate cuts that have rekindled investors’ interest […]
British Pound Breaks Key Trendline Support Against US Dollar

British Pound Breaks Key Trendline Support Against US Dollar

Image Source: UnsplashThe GBPUSD currency pair has broken below the rising trendline support visible on the 4-hour chart. This technical breakdown suggests that the recent upside move from the 1.2299 low has likely been completed at the 1.2633 high. Deeper Pullback Likely  Following the trendline breakdown, a deeper pullback in the GBPUSD appears likely over the […]
2 Tech Stocks To Consider After Impressive Q1 Earnings Beats

2 Tech Stocks To Consider After Impressive Q1 Earnings Beats

Image Source: PexelsMostly attributed to the Magnificent Seven, tech stocks have fueled the Q1 earnings season with total S&P 500 earnings now expected to be up 5% from the previous period.Although many of the technology-driven stocks in this week’s earnings lineup may not be household names there are quite a few that stand out after impressively […]
Elliott Wave Analysis On USDJPY Recovery Post BOJ Intervention

Elliott Wave Analysis On USDJPY Recovery Post BOJ Intervention

Image Source: PixabayUSDJPY has been on a roller coaster in the last few weeks due to the Bank of Japan (BOJ) Intervention. In this article, we will look at the short-term Elliott Wave path for the currency post-intervention. We are calling the structure of the rally from 12.28.2023 low as a 5 waves Elliott Wave impulse. Up […]
The Commodities Feed: US Crude Inventories Edge Lower

The Commodities Feed: US Crude Inventories Edge Lower

Photo by American Public Power Association on Unsplash Energy – US gasoline demand is still a concern  Having been under pressure for much of the trading day, oil prices recovered in the latter part of the trading session yesterday and settled higher. However, the broader weakness in the market will likely add further noise around OPEC+ output policy […]
SPDR ETF Report For Wednesday, May 8

SPDR ETF Report For Wednesday, May 8

Image Source: PixabayIn this video, Ira Epstein reviews the day’s trading in various SPDR-ETF markets for the trading day that ended, Wednesday, May 8.Video Length: 00:13:54More By This Author:Financial Markets Report For Wednesday, May 8Metals Report For Tuesday, May 7Financial Markets Report For Tuesday, May 7
Elliott Wave Technical Analysis – Bitcoin Crypto Price News

Elliott Wave Technical Analysis – Bitcoin Crypto Price News

Image Source: PexelsElliott Wave Analysis TradingLounge Daily Chart Bitcoin/ U.S. dollar(BTCUSD) BTCUSD Elliott Wave Technical Analysis Function: Counter Trend Mode: Corrective Structure: Flat position: Wave ((C)) Direction Next higher Degrees: wave (III) Wave Cancel invalid level: 31046.25 Details: Wave IV may be complete and the Price increases again in Wave V.Bitcoin/ U.S. dollar(BTCUSD)Trading Strategy: Overall, Bitcoin […]
Earnings Growth Poised To Accelerate

Earnings Growth Poised To Accelerate

Image Source: Unsplash Total earnings for the 440 S&P 500 members that have reported Q1 results are up +5.0% from the same period last year on +4.2% higher revenues, with 78.0% beating EPS estimates and 60.9% beating revenue estimates. The earnings and revenue growth pace for these 440 index members represents a modest acceleration from what […]