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US Dollar Commentary – Friday, June 7

US Dollar Commentary – Friday, June 7

Image Source: Pexels  NFP On DeckThe US Dollar is firmly on watch today as traders brace for the latest US labor market data. Following the weakness in the April NFP report, traders will be looking to see if this weakness continued through last month or if the labor market rebounded. On the numbers front,  the market […]
Daily Market Outlook – Friday, June 7

Daily Market Outlook – Friday, June 7

Image Source: Pixabay  Equity performance across the Asian region is mixed ahead of today’s US nonfarm payrolls report, though most markets are on track to end the week positively. Recent trade data from China revealed a larger-than-expected trade surplus in May, driven by a stronger-than-anticipated increase in exports and a slower rate of import growth. This […]
Waiting On The US Jobs Report

Waiting On The US Jobs Report

Image source: Pixabay  On Thursday, the ECB came out and cut rates as expected, while delivering a more hawkish communication all things considered, which also didn’t do anything to surprise the market. At the moment, the market feels like it wants to wait for more clarity from the US jobs report later today.Video Length: 00:01:04More By […]
Sensex Today Trades Higher; Nifty Above 22,900

Sensex Today Trades Higher; Nifty Above 22,900

Asian stocks rose at the open on Friday as Wall Street wavered ahead of a key US jobs reading that’s likely to guide the Federal Reserve’s policy outlook.Australian and South Korean stocks rose and equities in Japan were steady, while futures in Hong Kong pointed higher.On Wall Street, the Dow Jones rose on Thursday on […]
EUR/GBP Forecast: Crucial Swing Low

EUR/GBP Forecast: Crucial Swing Low

The euro has rallied a bit against the British pound as we continue to see the 0.85 level offer support. This is an area that goes back quite some time as far as market memory is concerned, and therefore I have been buying this pair in little bits and pieces. This is a pair that […]
FX Daily: Dialing Back Phase

FX Daily: Dialing Back Phase

Image Source: Unsplash  The US payrolls release will drive all of today’s trading across markets. Further evidence of US labor market weakness could help the dollar below key levels. On the other hand, a hawkish ECB supports a stronger euro and today’s repricing can only further narrow the interest rate differential.  USD: At key level ahead of […]
Elliott Wave Technical Analysis: S&P/TSX 60 Index

Elliott Wave Technical Analysis: S&P/TSX 60 Index

Image Source: Unsplash  S&P/TSX 60 Elliott Wave Analysis Trading Lounge Day Chart,S&P/TSX 60 Elliott Wave Technical AnalysisFUNCTION: TrendMODE: impulsiveSTRUCTURE:gray wave 3POSITION: orange wave 3DIRECTION NEXT LOWER  DEGREES: gray wave 4DETAILS After gray wave 2, now gray wave 3 of 3 is in play.Wave Cancel invalid level: 1234.78   The S&P/TSX 60 Elliott Wave analysis on the daily chart indicates a […]
US Bitcoin ETFs attract record inflows with new all-time high in sight

US Bitcoin ETFs attract record inflows with new all-time high in sight

US exchange-traded funds (ETFs) that invest directly in Bitcoin (BTC) have seen net inflows for a record-breaking 18 consecutive days, contributing to the alpha crypto’s nudge toward a new all-time high (ATH).According to data compiled by Bloomberg, net subscriptions for the group of nearly a dozen products reached $15.6 billion through Thursday since their launch […]
SPDR ETF Report For Thursday, June 6

SPDR ETF Report For Thursday, June 6

Image Source: PixabayIn this video, Ira Epstein reviews the day’s trading in various SPDR-ETF markets for the trading day that ended, Thursday, June 6.Video Length: 00:14:35More By This Author:Financial Markets Report For Thursday, June 6Metals Report For Wednesday, June 5SPDR ETF Report For Wednesday, June 5
Silver Price Forecast: XAG/USD Rises To Near $31.50 Due To Rising Hopes Of Fed Rate Cuts

Silver Price Forecast: XAG/USD Rises To Near $31.50 Due To Rising Hopes Of Fed Rate Cuts

Image Source: Pixabay Silver price gains ground due to rising speculation of a Fed rate cut in September. Softer US labor data fueled speculation for two interest rate cuts by the Fed in 2024. A Reuters poll has indicated that nearly two-thirds of economists now predict a rate cut in September. Silver price continues to gain […]