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AUD/USD Forecast: Dollar Bounces Back Post-FOMC

AUD/USD Forecast: Dollar Bounces Back Post-FOMC

The AUD/USD forecast shows new bearish sentiment as the dollar recovers after the FOMC policy meeting. Meanwhile, the Australian dollar barely reacted to news that Australia’s labor market remained resilient in May. The dollar plunged on Wednesday after softer-than-expected consumer inflation data. The Consumer Price Index was flat in May compared to forecasts of a 0.1% […]
Sensex Today Trades Lower; Nifty Below 23,400

Sensex Today Trades Lower; Nifty Below 23,400

Asian stocks fell, weighed by Japanese shares, while the yen traded in a narrow range as markets awaited the outcome of the Bank of Japan’s two-day policy meeting.The Nikkei and Topix fell, while the Japanese currency hovered around the 157.10 per dollar mark, as the central bank is widely expected to consider reducing bond purchases.The […]
US Dollar Holding Up Well Despite Rate Pricing

US Dollar Holding Up Well Despite Rate Pricing

Image Source: Pixabay  It’s been an interesting week for financial markets. The most striking development in our opinion is the fact that the market is back two pricing to full rate cuts from the Fed in 2024, and yet, the Dollar has held up relatively well considering.Video Length: 00:01:18More By This Author:Takeaways Into Thursday Currencies Remain […]
BTC/USD Forecast: Finding Support Again

BTC/USD Forecast: Finding Support Again

Bitcoin has fallen just a bit during the early trading session on Thursday but it appears that we continue to hang on to the $67,000 level. This is an area that has seen a lot of action in the past, so it’s not a huge surprise to see buyers stepping in and trying to take […]
FX Daily: French Political Risk Takes Its Toll On The Euro

FX Daily: French Political Risk Takes Its Toll On The Euro

Image Source: Pixabay  Despite another round of softer US price data, the mood in the FX market is one of a glass half empty. French political risk is really starting to weigh heavily on European FX and debt markets. And with the French election still a couple of weeks away, the risk premium in European assets […]
Elliott Wave Technical Analysis: VeChain Crypto Price Today

Elliott Wave Technical Analysis: VeChain Crypto Price Today

Image Source: Freepik  Elliott Wave Analysis TradingLounge Daily Chart,VeChain/ U.S. dollar(VETUSD)VETUSD Elliott Wave Technical AnalysisFunction: Counter trend    Mode: CorrectiveStructure: Double CorrectivePosition: Wave ((Y))Direction Next higher Degrees: wave II of ImpulseWave Cancel invalid Level: 0.2100Details: Wave II May is complete and the price increase again in Wave III.VeChain/ U.S. dollar(VETUSD)Trading Strategy:The correction in Wave II appears to be complete and the […]
Solana Faces Bearish Pressure Despite Bullish On-Chain Metrics: What’s Next For SOL’s Price?

Solana Faces Bearish Pressure Despite Bullish On-Chain Metrics: What’s Next For SOL’s Price?

Image Source: Pexels In recent weeks, Solana (SOL) has gained considerable attention as its price faces extreme volatility due to the recent CPI news. This follows Bitcoin’s recent challenge in maintaining a clear trend above the psychological threshold of $70K. Amid a bearish pressure, Solana has experienced shifts in key on-chain metrics, suggesting the potential for […]
Big Disparity In Stock Market: Where The Risks And Opportunities Are

Big Disparity In Stock Market: Where The Risks And Opportunities Are

Disparity in the Stock Market Creating an IllusionThere’s a big disparity in the stock market that’s been creating the illusion that everything is great when it isn’t. It may not end well for the major stock indices, but it could open doors to many other opportunities.So, what’s been happening?As it stands, the key stock indices […]
How To Invest In Gold, Silver, And Copper Bullion Without Buying Gold, Silver, And Copper Bullion

How To Invest In Gold, Silver, And Copper Bullion Without Buying Gold, Silver, And Copper Bullion

Image Source: Pixabay While gold, silver, and copper bullion can add diversification to your portfolio, there are some drawbacks to consider: Storage Costs and Security: Physically holding these metals requires secure storage, which can be expensive,especially for larger quantities. Home insurance may not cover them, so you might need to rent a safe deposit box.There’s also the risk of theft if you store them […]
The Inflation Dragon Might Be Losing A Bit Of Its Fire

The Inflation Dragon Might Be Losing A Bit Of Its Fire

Image Source: Pixabay The S&P 500 rose on Thursday to post its fourth consecutive record close as traders weighed more data showing that inflation pressures may be easing.The broad market index eked out a 0.23% gain to end at 5,433.74, while the Nasdaq Composite advanced 0.34% to close at 17,667.56. Thursday marked the fourth straight closing […]