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Archives by Year:
EUR/GBP Slumps To 20-month Low Near 0.8450 On French Macron’s Call For Snap Election
The EUR/GBP pair declined to a 20-month low near 0.8450 in Monday’s European session. The cross fell on its face after French President Emmanuel Macron’s unexpected call for a snap election spooks the Eurozone’s political stability, resulting in significant selling pressure on the Euro overall.The unexpected move by French Macron came after exit polls showed […]
The ECB Policy Nightmare And Rate Cut Mistake
Image Source: Pexels The ECB decided to cut rates by 25 basis points the same day it elevated its own inflation estimates for 2024 and 2025. You simply cannot make this up. If you wanted unmistakable proof of the lack of independence of central banks, this is it. The ECB only has one mandate, price stability, and has […]
USD/MXN Analysis: Threat Of Political Storm Creating Nervous Reaction
The USD/MXN has seen political threats cause a burst of nervousness in the USD/MXN which have caused a strong bullish surge to emerge. The USD/MXN is trading near the 18.36455 ratio as lightning fast price velocity remains a danger in the currency pair for day traders. The USD/MXN has seen a bullish surge higher as […]
Bitcoin Commentary – Monday, June 10
BTC Under PressureBitcoin prices are looking weaker on Monday following heavy selling on Friday as traders digested the latest US labour market data. A strong upside surprise in the NFP saw traders dialling back their September easing expectations, sending USD surging higher. As a result of the shift in USD, we’ve seen risk assets coming […]
Silver Prices Fell Below $30 Per Ounce
Image Source: Pixabay At the end of Friday, the Dow Jones Index (US30) fell by 0.22% (for the week +0.23 %), and the S&P 500 Index (US500) fell by 0.11% (for the week +0.94 %). The Nasdaq Technology Index (US100) closed negative 0.23% (for the week +1.59%). Stocks came under pressure after bond yields jumped on the back of a stronger-than-expected US payrolls report for May, […]
GBP/USD Forex Signal: Sits At A Key Resistance As Focus Shifts To The Fed Decision
Bearish view Sell the GBP/USD pair and set a take-profit at 1.2650. Add a stop-loss at 1.2800. Timeline: 1-2 days. Bullish view Buy the GBP/USD pair and set a take-profit at 1.2800. Add a stop-loss at 1.2650. The GBP/USD exchange rate wavered after the US published a red-hot May jobs report on Friday. It was […]
Political Jitters Weigh On Euro, US Dollar Continues To Push Higher
Here is what you need to know on Monday, June 10:The US Dollar (USD) preserves its strength, while the Euro struggles to find demand at the beginning of the week as markets assess the preliminary results of the European Parliament election. Sentix Investor Confidence for June will be the only data featured in the European economic docket on […]
Gold XAUUSD Commodity Elliott Wave Technical Analysis1
Gold Elliott Wave AnalysisFunction – TrendMode – CorrectiveStructure – Likely ZigzagPosition -Wave C of (4)Direction – Wave C of (4) is still in playDetails – Gold fell sharply on Friday to show the end of Wave B and the start of Wave C which could extend lower before Wave 5 begins upside. Gold Elliott Wave AnalysisGold experienced a sharp […]
Daily Market Outlook – Monday, June 10
Image Source: Pixabay President Macron’s announcement to hold a sudden parliamentary election in France has had a negative impact on regional market sentiment, with the euro, European equity futures, and French bond futures all trading lower this morning. This decision comes after the ruling party suffered a significant defeat in the EU Parliament elections on Sunday. […]
South Korea issues guidelines for classifying NFTs as virtual assets
The Financial Services Commission (FSC), South Korea’s financial watchdog, has issued guidelines detailing when non-fungible tokens (NFTs) should be considered virtual assets. The country is preparing to implement the ‘Virtual Asset User Protection Act’ by July 19 this year.Under the new guidelines, NFTs that are mass-produced, divisible, and can be used as a means of […]
