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GBP/USD Forecast: Sees Sluggish Behavor 
                    
Can Cable Rise Further?

GBP/USD Forecast: Sees Sluggish Behavor Can Cable Rise Further?

If we turn around and break down below the bottom of the candlestick from the Wednesday session, then I think you could see the US dollar start to overwhelm the British pound, perhaps sending this pair down to the 1.24 level. In fact, I think that’s the most likely of scenarios. However, I also recognize that if […]
Block Inc. Stock Analysis & Elliott Wave Technical Forecast

Block Inc. Stock Analysis & Elliott Wave Technical Forecast

ASX: BLOCK INC. – SQ Elliott Elliott Wave Technical Analysis TradingLounge (1D Chart)Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with BLOCK INC. – SQ2. We confirm a trading opportunity when wave ii-blue is unfolded to push lower, then the focus will be on the push higher with wave iii-blue.ASX: BLOCK INC. – SQ Elliott Wave Technical […]
Powell’s, “Let There Be Light” Stock Market (And Sentiment Results)

Powell’s, “Let There Be Light” Stock Market (And Sentiment Results)

image source: RedditChair Powell came to play yesterday and the market liked it.  Is this the bottom in the short term 3-8% pullback we started calling for in Q1 on our podcast|videocast(s)?We don’t know, but what we can tell you is that our last hedge (Semi’s put spread) came off on Wednesday – on the back […]
Is The NFP Cat Out Of The Bag?

Is The NFP Cat Out Of The Bag?

Image Source: PixabayAsian markets are buoyant ahead of the US labour report as US Treasury yields continued to decline on Thursday, anticipating a softer US non-farm payrolls release. There is some market speculation that Fed Chair Powell let the NFP cat out of the bag during his relatively dovish presser.The dovish Powell lean is still reverberating […]
FX Daily: Bearish Dollar Momentum Faces Key Payroll Test

FX Daily: Bearish Dollar Momentum Faces Key Payroll Test

Image Source: UnsplashThe post-FOMC hawkish repricing of Federal Reserve rate expectations is applying pressure on the dollar, although today’s US jobs figures will be the real pivotal event for FX. Our call is for a slightly softer than consensus print at 210k, which can keep the dollar soft. In Norway, Norges Bank may have some reasons to […]
SPDR ETF Report For Thursday, May 2

SPDR ETF Report For Thursday, May 2

Image Source: PixabayIn this video, Ira Epstein reviews the day’s trading in various SPDR-ETF markets for the trading day that ended, Thursday, May 2.Video Length: 00:12:24More By This Author:Financial Markets Report For Thursday, May 2Financial Markets Report For Wednesday, May 1Metals Report For Tuesday, April 30
After Sharp Pullback, Where Does Gold Go Next?

After Sharp Pullback, Where Does Gold Go Next?

Image Source: UnsplashEven when you know it’s coming at some point, the shock of a market sell-off like what we saw recently in gold is still unsettling. After seven weeks of dizzying gains with few interruptions, gold had gotten tremendously overbought. The good news as I write is that this medicine, while harsh going down, was […]
Nasdaq 100 & S&P 500 Elliott Wave Update – Thu, May 2

Nasdaq 100 & S&P 500 Elliott Wave Update – Thu, May 2

Image Source: UnsplashTonight I continue to update both the A and B version of the preferred count — The B version (more bullish) is reflected in the update —Video Length: 00:19:27More By This Author:Nasdaq 100 & S&P 500 Elliott Wave Update – Wed, May 1Nasdaq 100 & S&P 500 Elliott Wave Update – Tue, April 30Nasdaq […]
Elliott Wave Technical Analysis: BNBUSD Price News

Elliott Wave Technical Analysis: BNBUSD Price News

Image Source: PixabayElliott Wave Analysis TradingLounge Daily ChartBinance/ U.S. dollar(BNBUSD)BNBUSD Elliott Wave Technical AnalysisFunction: Counter TrendMode: CorrectiveStructure: TrianglePosition: Wave ((E))Direction Next higher Degrees: wave 4Wave Cancel invalid level: 508Details: Correction in Triangle pattern before rising again in Wave 5.Binance/ U.S. dollar(BNBUSD)Trading Strategy:The short-term correction in Wave 4 with the Triangle pattern continues in Wave E before an increase in […]
Trezor to end privacy-enhancing coinjoin feature as Wasabi Wallet steps back

Trezor to end privacy-enhancing coinjoin feature as Wasabi Wallet steps back

Crypto hardware wallet manufacturer Trezor announced today the discontinuation of the coinjoin feature in its Trezor Suite. The service, provided in partnership with zkSNACKs, the developer of the Wasabi Wallet, will cease by June. Despite the shutdown, Trezor assures users that funds within Coinjoin accounts will remain accessible. Coinjoin in Trezor will be shut down […]