Archives by Month:

Archives by Year:

AUD/USD Falls After Australian Economic Data Hints At Slower Growth

AUD/USD Falls After Australian Economic Data Hints At Slower Growth

AUD/USD trades almost three-quarters of a percent lower in the 0.6640s on Tuesday, after the release of Australian Current Account Balance data for Q1 shows a 4.9 billion (AUD) deficit when a 5.9 billion surplus had been expected. The data suggests a trade balance that favors imports and weighs on the country’s economic growth prospects.  The […]
Watford FC to offer 10% equity shares to fans through tokens

Watford FC to offer 10% equity shares to fans through tokens

Watford FC, the Championship football club, announced today its plans to offer a 10% stake in digital currency to its fans and investors, according to a recent report by Bloomberg. The sale is being facilitated by Republic, a digital-asset company that provides advisory services and blockchain infrastructure, to web3 builders and investors.As reported, fan investors […]
Gold Analysis: USD Weakness Supports Gold Prices

Gold Analysis: USD Weakness Supports Gold Prices

Gold prices hovered around $2,352 an ounce during Tuesday’s trading, after posting gains in the previous session supported by growing expectations of monetary policy easing by major global central banks. Overall, gold prices have gained about 1.3% on a weekly basis, adding to their year-to-date gains of over 14%. Data on Monday showed that US […]
Back-To-Back Hanging Man Forms On S&P 500, But Pattern Needs Confirmation

Back-To-Back Hanging Man Forms On S&P 500, But Pattern Needs Confirmation

Both Monday and last Friday, VIX failed to keep most of its gains. Amidst this, there is strong support at 11-12, and a 10- and 20-day crossover seems imminent. Concurrently, the S&P 500 formed back-to-back hanging man, which is bearish but needs confirmation.Yet again, volatility bulls were unable to hang on to most of Monday’s […]
Elliott Wave Technical Forecast: Unlocking ASX Trading Success: Brambles Limited

Elliott Wave Technical Forecast: Unlocking ASX Trading Success: Brambles Limited

Image Source: Unsplash  ASX: BRAMBLES LIMITED – BXB  Elliott Elliott Wave Technical Analysis TradingLounge (1D Chart)Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with BRAMBLES LIMITED – BXB. We see that BXB seems to have completed wave (ii)-orange, but needs to push a little higher to confirm this view. And wave (iii)-orange may return to push higher.ASX: BRAMBLES LIMITED […]
Bath & Body Works Q1 Earnings: Revenue Slides 0.9%

Bath & Body Works Q1 Earnings: Revenue Slides 0.9%

 Image Source: Pexels Bath & Body Works reported its financial results for the first quarter today. Here’s what its CEO Gina Boswell said in a press release on Tuesday. Bath & Body Works stock is currently up nearly 20% versus its YTD low. Bath & Body Works Inc (NYSE: BBWI) is trading down in premarket on […]
Fear And Uncertainty Creep Back In

Fear And Uncertainty Creep Back In

Image Source: Pixabay  Looking across financial markets on this Tuesday, it’s all pretty ugly out there. Most currencies are down against the US Dollar, with the exception of the Swiss Franc and Yen, which only further confirms the flight to safety flow.Video Length: 00:00:41More By This Author:Currencies Extend Rally After Another Discouraging Round Of US Data […]
US Dollar Reemerges After Downbeat Start Of The Week

US Dollar Reemerges After Downbeat Start Of The Week

 Image Source: Pexels   The US Dollar trades in the green against its peers, recovering some of the losses registered on Monday Equity markets are erasing their positive start of the week.  The US Dollar Index jumps back above 104.00 after falling below it during the Asia-Pacific trading session.  The US Dollar (USD) trades in the […]
Dollar Recovers From Yesterday’s Slide, But Slumps Against The Yen

Dollar Recovers From Yesterday’s Slide, But Slumps Against The Yen

Image Source: Pexels  Overview: The dollar’s losses scored after yesterday’s disappointing ISM manufacturing report were extended initially in Asia Pacific turnover earlier today before it recovered. The recovery has stretched the intraday momentum indicators, warning against expected strong follow-through dollar buying in North America, without fresh impetus. Amid position adjusting and crosses unwinding, the yen is resisting […]
US Stock: Procter & Gamble

US Stock: Procter & Gamble

Company: Procter & Gamble CompanyBloomberg ticker: PG USMarket cap: US$384,962mBackground: The Procter & Gamble Company (P&G) is an American multinational consumer goods corporation headquartered in Cincinnati, Ohio. It specializes in a wide range of personal health/consumer health, personal care and hygiene products; these products are organized into several segments including beauty; grooming; health care; fabric and home care; and […]