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Current Analysis: Canon

Current Analysis: Canon

Image Source: Pexels  Canon (CAJFF) designs, manufactures, and distributes an extensive range of consumer and electronic products, including copiers, cameras, lenses, and inkjet printers.The company operates four major business segments: (1) office, (2) imaging systems, (3) medical systems, and (4) industry and others.Its global customer base and domestically concentrated operations create inherent currency exposure, which can […]
USD/TRY Analysis: Turkish Lira Outlook As Sticky Inflation Persists

USD/TRY Analysis: Turkish Lira Outlook As Sticky Inflation Persists

 Image Source: Unsplash   Turkey’s statistics agency will publish its interest rate decision on Monday. Economists expect the data to show that the headline CPI surged to 74.80% in May. The Turkish Central Bank expects the inflation rate to fall to 38% by year end. The USD/TRY exchange rate remained in a tight range on Monday as investors […]
Frax Finance CEO suspects inside job at X in socials hack

Frax Finance CEO suspects inside job at X in socials hack

Frax Finance, a crypto lending platform, had its X account hacked on June 1, prompting CEO Sam Kazemian to appeal to his followers for assistance in contacting X customer service. The hack has raised concerns about the security of social media accounts and the potential involvement of insiders in such breaches.According to Kazemian, the passwords […]
FX Daily: A Path To A Weaker Dollar Exists

FX Daily: A Path To A Weaker Dollar Exists

Image Source: Unsplash  FX markets face a busy week. We have rate meetings in the eurozone, Canada, Poland, and India, while this week’s US employment data will determine how the Fed communicates with us next Wednesday. A path to a lower dollar does exist. Elsewhere, we’ll watch to see whether a French downgrade hits the euro and […]
Sensex Today Soars 2,000 Points, Hits Record High

Sensex Today Soars 2,000 Points, Hits Record High

Asian stocks gained in early trading, as a softer reading of the Federal Reserve’s preferred measure for inflation bolstered rate-cut hopes.Equities in Australia and Japan opened higher on Monday, with futures also pointing to gains in Hong Kong.The US stock market ended higher on Friday with the Dow registering its biggest daily percentage gain since […]
AUD/USD Forex Signal: Extremely Bullish Above 0.6685

AUD/USD Forex Signal: Extremely Bullish Above 0.6685

Bullish view Buy the AUD/USD pair and set a take-profit at 0.6770. Add a stop-loss at 0.6600. Timeline: 1-2 days. Bearish view Set a sell-stop at 0.6645 and a take-profit at 0.6580. Add a stop-loss at 0.6750. The AUD/USD pair was flat on Monday morning ahead of the important economic numbers from the United States […]
USD/CHF Extends Its Downside Below 0.9050, Focus On US PMI Data

USD/CHF Extends Its Downside Below 0.9050, Focus On US PMI Data

 Image Source: Pixabay   USD/CHF weakens to 0.9020 in Monday’s early European session.  Traders raised their bets on the Fed rate in September after the recent US PCE data for April.  The Swiss Real Retail Sales rose to 2.7% YoY in April, compared to -0.2% in March. The USD/CHF pair extends the decline around 0.9020 during […]
Forex Today: Asian Stocks Advance On Modi Landslide

Forex Today: Asian Stocks Advance On Modi Landslide

The landslide re-election of India’s Prime Minister Modi has sent Indian stocks sharply higher to new record prices, as well as boosting other Asian and global stocks, while the Indian Rupee sees gains. depositphotos India’s government, led by Prime Minister Narendra Modi, was re-elected for a third consecutive governing term with a landslide victory. This result […]
Investing In Comfort: Top Hotel Stocks For Your Portfolio

Investing In Comfort: Top Hotel Stocks For Your Portfolio

Hotels typically see a significant boost in business during the summer months, primarily due to the favorable weather conditions. The warm temperatures and sunny days make it an ideal time for travel, encouraging people to take vacations. depositphotos Destinations known for their beaches, outdoor activities, and scenic beauty become particularly popular, leading to higher occupancy rates in hotels.Another […]
Elliott Wave Technical Analysis: Australian Dollar/U.S. Dollar – Monday, June 3

Elliott Wave Technical Analysis: Australian Dollar/U.S. Dollar – Monday, June 3

Image Source: Pexels  AUDUSD Elliott Wave Analysis Trading Lounge Day Chart,Australian Dollar/U.S.Dollar (AUDUSD) Day ChartAUDUSD Elliott Wave Technical AnalysisFUNCTION: TrendMODE: impulsiveSTRUCTURE: navy blue wave 3POSITION:gray wave 3DIRECTION NEXT HIGHER  DEGREES: navy blue wave 3(started)DETAILS: navy blue wave 2 looking completed at 0.65919, Now navy blue wave 3 is in play.Wave Cancel invalid level: 0.63628The AUDUSD Elliott Wave Analysis for the day chart […]