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Czech Wage Growth Increases Well Above Expectations

Czech Wage Growth Increases Well Above Expectations

Faster Czech wage growth will support future spending as the economy slowly recovers. Real wage growth back in the spotlight after nine quartersThe Czech average gross monthly nominal wage per head rose by 7.0% YoY in the first quarter of the year. And it real terms, it increased 4.8% year-on-year. This is a welcome boost to future spending […]
USD/CAD Price Analysis: Rises Toward 1.3700 Despite A Bearish Bias

USD/CAD Price Analysis: Rises Toward 1.3700 Despite A Bearish Bias

USD/CAD gains ground despite a bearish bias suggested by daily chart analysis. The momentum indicator MACD also suggests a bearish trend for the pair. A break above the upper boundary of the descending channel and the psychological level of 1.3700 could weaken the bearish bias. USD/CAD halts its three-day losing streak, trading around 1.3680 during […]
AUD/USD Forex Signal: Sits At Key Resistance As Odds Of RBA Rate Hike Rise

AUD/USD Forex Signal: Sits At Key Resistance As Odds Of RBA Rate Hike Rise

Bullish view Buy the AUD/USD pair and set a take-profit at 0.6715. Add a stop-loss at 0.6600. Timeline: 1-2 days.  Bearish view Set a sell-stop at 0.6650 and a take-profit at 0.6600. Add a stop-loss at 0.6735. The AUD/USD exchange rate rose for three days straight as the bond market pointed to a potential rate […]
The Day Berkshire Hathaway Stocks Fell 99%

The Day Berkshire Hathaway Stocks Fell 99%

 Image Source: Unsplash   Yesterday was one for the books at the New York Stock Exchange. Thanks to a technical glitch, nearly 4000 traders managed to get Berkshire Hathaway stocks at 99% off. The BRK-A stocks were shown as trading at $185 instead of the usual price, over $200 higher. The stock market game is one […]
Daily Market Outlook – Tuesday, June 4

Daily Market Outlook – Tuesday, June 4

Image Source: Unsplash  Asian stock markets experienced a downturn following the release of a weaker-than-expected US ISM manufacturing survey on Monday, reversing the prior market dynamic where the market perceived bad news as good news for market sentiment as it prompted the markets to believe that the Fed would step in with rate cuts, recently we […]
Currencies Extend Rally After Another Discouraging Round Of US Data

Currencies Extend Rally After Another Discouraging Round Of US Data

Image source: Pixabay  Another day and another round of softer US economic data, this time highlighted by a discouraging US ISM manufacturing print. The net result has been more selling of the US Dollar and more demand for stocks on the implication this will keep the Fed in an investor friendly monetary policy position.Video Length: 00:00:52More […]
EUR/USD Forex Signal: Breaks Above Key Resistance Levels

EUR/USD Forex Signal: Breaks Above Key Resistance Levels

Bullish view Buy the EUR/USD pair and set a take-profit at 1.0943. Add a stop-loss at 1.08500. Timeline: 1-2 days. Bearish view Set a sell-stop at 1.0887 and a take-profit at 1.0800. Add a stop-loss at 1.0940. The EUR/USD exchange rate surged above a key resistance level and reached its highest point since March 21st […]
FX Daily: JOLTS Could Hit The Dollar Today

FX Daily: JOLTS Could Hit The Dollar Today

Image source: Pixabay  The dollar is starting to show signs of weakness. Today’s US JOLTS job openings data could determine whether recent dollar losses are just idle range trading or the start of an important new trend. We certainly see downside risks to the dollar today. Elsewhere, we’ll be focusing on Czech wage data and the […]
Elliott Wave Technical Analysis: KOSPI Composite Index

Elliott Wave Technical Analysis: KOSPI Composite Index

Image Source: Unsplash  KOSPI Composite Elliott Wave Analysis Trading Lounge Day Chart,        KOSPI Composite Elliott Wave Technical AnalysisFUNCTION: TrendMODE: impulsiveSTRUCTURE: gray wave 3POSITION: orange wave 3DIRECTION NEXT LOWER DEGREES: gray wave 4DETAILS gray wave 2 looking completed.Now gray wave 3 of 3 is in play.Wave Cancel invalid level: 2552.92The KOSPI Composite Elliott Wave Analysis for the […]
Metals Report For Monday, June 3

Metals Report For Monday, June 3

Image Source: PixabayIn this video, Ira Epstein reviews the day’s trading in the gold and other relevant metal markets.Video Length: 00:06:37More By This Author:SPDR ETF Report For Monday, June 3Financial Markets Report For Monday, June 3Metals Report For Friday, May 31