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Sensex Today Hits Record High; Nifty Above 23,400

Sensex Today Hits Record High; Nifty Above 23,400

Asian stocks tracked US peers higher as the Federal Reserve’s cautious outlook on interest rates did little to alter Wall Street’s bets on cuts. Equity benchmarks rose in Australia and South Korea, while futures for Hong Kong stocks pointed to markets opening higher on Thursday.The US stock market ended mixed on Wednesday, with the S&P […]
GBP/USD Forex Signal: Inverse H&S Pattern Points To More Gains

GBP/USD Forex Signal: Inverse H&S Pattern Points To More Gains

Bullish view Buy the GBP/USD pair and set a take-profit at 1.2895. Add a stop-loss at 1.2785. Timeline: 1-2 days. Bearish view Set a sell-stop at 1.2815 and a take-profit at 1.2750. Add a stop-loss at 1.2895. GBP/USD exchange rate rose after the US published highly encouraging inflation numbers and after the Federal Reserve left […]
Takeaways Into Thursday

Takeaways Into Thursday

Image Source: Pixabay  The two big events driving markets into Thursday have been the latest US inflation data and the Fed decision. On net, we think we’re seeing a bigger reaction to the softer US CPI read, which the market believes will translate to dovish tweaks from the Fed going forward.Video Length: 00:01:20More By This Author:Currencies […]
FX Daily: Investors Fall Out Of Love With Latam

FX Daily: Investors Fall Out Of Love With Latam

Image Source: Pexels  A less dovish than usual press conference from Fed Chair Jerome Powell has seen the dollar retrace about half of yesterday’s drop on the back of the soft US May CPI figure. Today the focus will be on US May PPI and its readover to the core PCE release on 28 June. Elsewhere, […]
Elliott Wave Technical Analysis: Bitcoin Crypto Price News Today – Thursday, June 13

Elliott Wave Technical Analysis: Bitcoin Crypto Price News Today – Thursday, June 13

Image Source: Pexels  Elliott Wave Analysis TradingLounge Daily Chart, Bitcoin/ U.S. dollar(BTCUSD) BTCUSD Elliott Wave Technical Analysis Function: Follow Trend Mode: Motive Structure: Impulse position: Wave V Direction Next higher Degrees: wave (III) Wave Cancel invalid level: Details: The price is likely to increase above the level of 73,660. Bitcoin/ U.S. dollar(BTCUSD)Trading Strategy: A five-wave increase […]
FT-Booth School And FOMC GDP Forecasts

FT-Booth School And FOMC GDP Forecasts

The survey indicates a 2.0% median growth q4/q4, not far from June SEP at 2.1% (unchanged from March).Figure 1: GDP (bold black), May Survey of Professional Forecasters median (blue), FT-Booth School implied (tan square), Survey of Economic Projections/FOMC June median implied (light green x), GDPNow of 7 Jun implied(sky blue square), all in bn.Ch.2017$ SAAR. Source: […]
Crypto trading addiction has become a public health concern in the UK — NHS

Crypto trading addiction has become a public health concern in the UK — NHS

The UK’s National Health Service recently claimed that addiction to crypto trading has become a public health concern in the country.According to a statement from NHS chief Amanda Pritchard, there is a growing social need for “intervention” as younger people are increasingly exposed to and addicted to crypto trading. Pritchard spoke at the ConfedExpo in […]
US/World S&Ds & 2024 US W, Wheat Production

US/World S&Ds & 2024 US W, Wheat Production

Image Source: Unsplash The USDA’s US June Crop and US/World supply/Demand revisions didn’t provide any big surprises in corn and soybeans as expected. The USDA’s modest US wheat crop forecast was a positive for price, but their limited reduction in their world 2024/25 ending stocks kept this pit sluggish after today’s overnight decline. The markets seem […]
This FOMC Trap Could Be Our Biggest Weekly Win

This FOMC Trap Could Be Our Biggest Weekly Win

Wow, what a move today!Markets are range-bound after today’s CPI and FOMC announcement…I see (5) clues on the charts tonight, telling me this FOMC TRAP might be our biggest winner of the week!Look closely at the chart and you’ll see a “news spike”…Combine that with this afternoon’s trading range and it’s easy to see why […]
Bitcoin Miner Capitulation: Analyst Warns Of Potential Drop To $62,500

Bitcoin Miner Capitulation: Analyst Warns Of Potential Drop To $62,500

Image Source: Unsplash Crypto analyst Willy Woo has warned that Bitcoin could face immense bearish pressure as miners begin to offload their stash. The analyst warns that miner capitulation risks Bitcoin entering a bearish trend. Typically, when supply exceeds demand, this leads to a price drop.Miners need to sell the coins they receive to ensure the […]