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Archives by Year:
EUR/USD Remains Above 1.0800 Ahead Of Eurozone PMI
EUR/USD treads water to halt its three-day losing streak, hovering around 1.0820 during the Asian session on Thursday. The Euro’s appreciation against the US Dollar (USD) can be attributed to a corrective move for the latter. Investors are likely to await Purchasing Managers Index (PMI) data from both the Eurozone and Germany, with subsequent attention turning […]
Daily Market Outlook – Thursday, May 23
Image Source: Pixabay Following the release of positive quarterly results by Nvidia, US market futures experienced a surge and Asian stocks saw an increase, reigniting expectations for a global artificial intelligence boom. The prominent chipmaker surpassed expert predictions by announcing an estimated second-quarter revenue of around $28 billion. Additionally, the company raised its quarterly dividend by […]
Gold Falls From Highs
The price of gold fell to $2370.00 per troy ounce by Thursday following the release of the minutes from the latest US Federal Reserve meeting. The general tone of the Fed’s policymakers was notably cautious, aligning with previous calls for a restrained approach to monetary policy.The Fed indicated that more time is needed to be […]
GBP/JPY Forecast: British Pound Continues To Grind Higher Against The Japanese Yen
Underneath, I think there are plenty of support levels people will be looking toward in order to find a little bit of value. I think at this point in time, the 50-Day EMA is important to pay close attention to, where it is currently sitting at the ¥193.50 level. The ¥195 level is an area where a lot of […]
Elliott Wave Technical Analysis: IBEX 35
Image Source: Unsplash IBEX 35 (Spain) Elliott Wave Analysis Trading Lounge Day Chart,IBEX 35 (Spain) Elliott Wave Technical AnalysisFUNCTION: Trend MODE: impulsiveSTRUCTURE: red wave 5POSITION: blue wave 3DIRECTION NEXT LOWER DEGREES: blue wave 4DETAILS: red wave 4 looking completed at 476. Now red wave 5 of 3 is in play.Wave Cancel invalid level: 4508 The IBEX 35 […]
BTC/USD Forex Signal: Price Again Trying To Approach March Record
Today’s BTC/USD Signals Risk 0.75% per trade. Trades must be taken before 5pm Tokyo time Friday. Long Trade Ideas Go long after a bullish price action reversal on the H1 timeframe following the next touch of $68,906, $65,832, or $64,620. Put the stop loss $100 below the local swing low. Move the stop loss to break even […]
Investors Shrugging Off Hawkish Fed Minutes
Image Source: Pixabay The fact that the Fed Minutes have still left the door open for the possibility of a rate hike is not something investors will be excited about. Wednesday’s more hawkish leaning Fed communication has resulted in a fresh wave of Dollar buying as OIS pricing sees an adjustment lower in rate cut odds.Video […]
Gold Market Commentary
Image Source: Unsplash Fed Concerned Over Inflation ProgressGold prices are seeing heavy selling across early European trading on Thursday. The market has reacted negatively to the release of last night’s FOMC minutes with gold futures now down around 4% from the highs recorded earlier in the week. The minutes yesterday echoed the sentiments shared by many […]
Nasdaq 100 Futures Surge On Nvidia’s Strong Earnings; Mixed Signals From Federal Reserve
Image source: Pixabay Nasdaq 100 futures climbed significantly by 0.9% on Thursday, buoyed by Nvidia’s robust first-quarter performance, which underscored strong demand for AI technology. S&P 500 futures also saw an uptick of 0.5%, while Dow futures modestly increased by 0.1%. Nvidia’s earnings triumph, highlighted by a 6% rally in extended trading and an announced 10-for-1 […]
FX Daily: No Major Implications From July UK Election
Image Source: Pixabay We don’t expect the surprise announcement of a July election in the UK to change the narrative for sterling, which we deem vulnerable against the euro as markets may have priced out too much BoE easing. After some hawkish Fed minutes, EUR/USD may recover some ground on PMI divergence today, and ECB wage data will […]
