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Turkey Sees Temporary Increase In April’s Current Account Deficit

Turkey Sees Temporary Increase In April’s Current Account Deficit

April’s current account came in at US$5.3bn, better than our call at US$5.6bn, while the 12-month rolling deficit, which had been improving since the first quarter, temporarily increased to US$31.5bn (translating into c.2.7% of GDP) from US$31.3bn a month ago. Current account (12M rolling, US$bn) CBT, INGIn the breakdown, compared with the same month of last year, we […]
FTSE Modestly Lower, As Markets Digest French Political Uncertainty

FTSE Modestly Lower, As Markets Digest French Political Uncertainty

Image Source: Pexels On Monday, London stocks experienced a decline as a result of investor concerns over a surprise election announcement by French President Emmanuel Macron. Additionally, investors were anticipating important domestic economic data later in the week. The FTSE 100, blue-chip index, dropped below 8,200 points in early trading before recovering and trading back towards […]
EUR/GBP Is Breaking Lower Out Of Projected Bearish Triangle

EUR/GBP Is Breaking Lower Out Of Projected Bearish Triangle

Image Source: Unsplash EUR/GBP is coming lower after UK CPI inflation data and ECB Cut last week as mentioned and highlighted on May 24. EUR/GBP Daily Chart From May 24, 2024 As you can see today after two weeks, EUR/GBP is nicely breaking out of the projected wave (B) bearish triangle pattern, so wave (C) of C can […]
Elliott Wave Technical Analysis: New Zealand Dollar/U.S. Dollar – Monday, June 10

Elliott Wave Technical Analysis: New Zealand Dollar/U.S. Dollar – Monday, June 10

Image Source: Pexels  NZDUSD Elliott Wave Analysis Trading Lounge Day Chart,New Zealand Dollar/U.S.Dollar(NZDUSD) Day ChartNZDUSD Elliott Wave Technical AnalysisFUNCTION: TrendMODE: correctiveSTRUCTURE: navy blue wave 2POSITION: gray wave 3DIRECTION NEXT HIGHER DEGREES:navy blue wave 3DETAILS navy blue wave 1 looking completed at 0.62159, now navy blue wave 2 is in play.Wave Cancel invalid level: 0.58531          The […]
DeFi protocol UwU Lend falls victim to $19.3M exploit

DeFi protocol UwU Lend falls victim to $19.3M exploit

UwU Lend, a DeFi protocol founded by Quadriga CX co-founder Michael “Sifu” Patryn, has fallen victim to an exploit resulting in the loss of $19.3 million, according to reports from blockchain security firms, with address confirmations disclosed by Arkham Intelligence.The incident comes amidst a turbulent period for Patryn, who previously faced controversy when Quadriga CX […]
Market Signals For The U.S. Stock Market And Indian Stock Market – Monday, June 10

Market Signals For The U.S. Stock Market And Indian Stock Market – Monday, June 10

The S&P 500 and the Nifty rose last week. Indicators are mixed for the week. Markets are at resistance near all-time highs. We are transitioning from an inflationary regime to a deflationary collapse. The markets are hitting resistance and risk-reward is poor at these levels. The Nifty is near resistance and will likely underperform.The past week saw US equity markets rise. Most […]
Sensex Today Ends 203 Points Lower; Nifty Above 23,200

Sensex Today Ends 203 Points Lower; Nifty Above 23,200

After opening the day higher, Indian shares gave up the gains as the session progressed and ended the day lower.After a range-bound session for the large part of the day, Indian benchmark indices ended lower on Monday weighed by IT and select heavyweight shares like HDFC Bank, Maruti Suzuki.At the closing bell, the BSE Sensex stood lower […]
BAC Keeps Reacting Higher From The Blue Box Area

BAC Keeps Reacting Higher From The Blue Box Area

This technical blog will look at the past performance of the 1-hour Elliott Wave Charts of BAC. We presented to members at the elliottwave-forecast. The rally from 30 May 2024 low unfolded as an impulse structure. Showing a higher high sequence in a higher time frame favored more upside extension. Therefore, we advised members not to sell […]
Chart Of The Day: Camtek – More New Highs

Chart Of The Day: Camtek – More New Highs

Image Source: Unsplash  The Chart of the Day belongs to the technology company Camtek (CAMT). I found the stock by using Barchart’s powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum and having a Trend Seeker buy signal then used the Flipchart feature to review the charts for consistent […]
3 Stocks Backed By High Efficiency To Boost Portfolio Returns

3 Stocks Backed By High Efficiency To Boost Portfolio Returns

Efficiency level measures a company’s capability to transform available input into output and is often considered an important parameter for gauging its potential to make profits. A company with a favorable efficiency level is expected to provide stellar returns as it is believed to be positively correlated with price performance.However, at times, it becomes difficult […]