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OPEC+ Extends Production Cuts Into 2025

OPEC+ Extends Production Cuts Into 2025

Image Source: Pixabay  The OPEC+ alliance, which includes Saudi Arabia and Russia, two of the world’s Top 3 oil producing countries, met in Riyadh, Saudi Arabia at the 37th OPEC and non-OPEC Ministerial Meeting. The group reaffirmed its commitment to the Declaration of Cooperation (DoC) and extended oil production levels until the end of 2025. They will continue […]
European Stock: Unilever

European Stock: Unilever

Company: Unilever PLCBloomberg ticker: ULVR LNMarket cap: US$277,376mBackground: Unilever PLC is a British multinational consumer goods company. It is headquartered in London. The company’s products include baby food, beauty products, bottled water, breakfast cereals, cleaning agents, condiments, energy drinks, healthcare and hygiene products, ice cream, instant coffee, pet food, pharmaceuticals, soft drinks, tea, and toothpaste. It is the largest producer […]
Current Analysis: ANZ Group

Current Analysis: ANZ Group

Image Source: Pixabay  ANZ Group (ANZGF) is the owner of one of Australia’s four major banks and provides retail, business, and institutional banking services to customers in Australia, New Zealand, and Asia-Pacific.The super-regional Asian strategy was de-emphasised, with management focusing on the higher-returning businesses in Australia and New Zealand. ANZ Bank still retains a tilt to […]
UK Market Commentary – Tuesday, June 11

UK Market Commentary – Tuesday, June 11

UK Jobs Market WeakensThe near-term outlook in the UK remains muddy on the back of the latest labour market data this morning. The unemployment rate was seen rising to 4.4% from 4.3% prior with the claimant count topping 50k, a sharp rise from the prior month’s 8.4k reading and the expected 10.2k reading the market […]
EUR/USD Forex Signal: Found Support At $1.0758

EUR/USD Forex Signal: Found Support At $1.0758

Today’s EUR/USD Signals Risk 0.75%. Trades may only be taken prior to 5pm London time today.  Short Trade Ideas Short entry following a bearish price action reversal on the H1 timeframe immediately upon the next touch of $1.0784, $1.0834, or $1.0856. Place the stop loss 1 pip above the local swing high. Move the stop […]
Elliott Wave Technical Analysis: Australian Dollar/U.S. Dollar – Tuesday, June 11

Elliott Wave Technical Analysis: Australian Dollar/U.S. Dollar – Tuesday, June 11

Image Source: Pixabay  AUDUSD Elliott Wave Analysis Trading Lounge Day Chart,Australian Dollar/U.S.Dollar (AUDUSD) Day ChartAUDUSD Elliott Wave Technical Analysis  FUNCTION: TrendMODE: correctiveSTRUCTURE: orange wave CPOSITION: navy blue wave 2DIRECTION NEXT HIGHER  DEGREES: navy blue wave 3DETAILS:orange wave C of navy blue wave 2 is in play.Wave Cancel invalid level: 0.63628The AUDUSD Elliott Wave analysis on the day chart examines […]
Tuesday Talk: Looking Good Across The Board, What About China?

Tuesday Talk: Looking Good Across The Board, What About China?

World equity markets continue to forge ahead except for China. They say you get what you deserve but this is a problem for everyone down the road given the sheer audacity of how China continues to prop up its economy by injecting false liquidity into the market.depositphotos Chart: The New York Times On Monday the US stock market […]
BTC/USD Forex Signal – Inverse Head And Shoulders Pattern Forms

BTC/USD Forex Signal – Inverse Head And Shoulders Pattern Forms

Bullish view Buy the BTC/USD pair and set a take-profit at 73,650. Add a stop-loss at 67,000. Timeline: 1-2 days.  Bearish view Set a sell-stop at 69,000 and a take-profit at 67,000. Add a stop-loss at 72,000. Bitcoin price continued to consolidate in the evening session as investors waited for the upcoming Federal Reserve decision. […]
Daily Market Outlook – Tuesday, June 11

Daily Market Outlook – Tuesday, June 11

Image Source: Unsplash  Asian markets are carefully assessing the impact of right-wing parties’ success in the European Union and its potential effects on the bloc’s unity. French President Emmanuel Macron attempted to unite left-wing and centrist parties against the right, but has had limited success so far. The first opinion poll indicated that the far-right National […]
USD/CAD Forex Signal: US Dollar Continues To Climb Against Loonie

USD/CAD Forex Signal: US Dollar Continues To Climb Against Loonie

The US dollar has risen again during the Monday session against the Canadian dollar as we continue to see a lot of upward pressure in general. This does make a certain amount of sense considering that the jobs number in the United States was hotter than anticipated. And I do think that continues to be […]