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EUR/USD Gains Firm Footing Above 1.0700 Amid Cheerful Market Mood 
                    
Daily digest market movers: EUR/USD gains despite Eurozone’s election uncertainty

EUR/USD Gains Firm Footing Above 1.0700 Amid Cheerful Market Mood Daily digest market movers: EUR/USD gains despite Eurozone’s election uncertainty

EUR/USD extends its recovery to 1.0740 in Tuesday’s European session. The major currency pair raises as growing optimism for the Federal Reserve (Fed) to reduce interest rates twice this year has increased investors’ risk appetite. The US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, has dropped to 105.40 as demand for safe-haven assets has eased. […]
GBP/USD Forex Signal: More Bullish As US Dollar Retreats

GBP/USD Forex Signal: More Bullish As US Dollar Retreats

My previous GBP/USD signal on 6th June was not triggered, as none of the key support or resistance levels were reached that day.  Today’s GBP/USD Signals Risk 0.75%. Trades must be taken before 5pm London time Wednesday. Long Trade Ideas Long entry following a bullish price action reversal on the 1H1 timeframe immediately upon the next touch […]
Dollar Sold Despite Shift In Rate Pricing

Dollar Sold Despite Shift In Rate Pricing

Image Source: Pixabay  The ongoing wave of less dovish Fed speak has been having an impact on yield differentials, with odds for rate cuts in 2024 coming back down to 48 basis points from 61 basis points this past Friday. Tuesday’s calendar features Fed speak, Canada inflation, the Chicago Fed National Activity Index, US Case Shiller, […]
Elliott Wave Technical Analysis: Euro/U.S. Dollar – Tuesday, June 25

Elliott Wave Technical Analysis: Euro/U.S. Dollar – Tuesday, June 25

Image Source: Pixabay  EURUSD Elliott Wave Analysis Trading Lounge Day ChartEuro/U.S. Dollar (EURUSD) Day ChartEURUSD Elliott Wave Technical AnalysisFunction: Trend Mode: Impulsive Structure: Orange wave 3 Position: Navy blue wave 3 Next Lower Degree Direction: Orange wave 3 (continue)Details: Orange wave 2 appears complete at 1.08536. Now, orange wave 3 of 3 is in play. Wave cancellation invalid level: 1.08536.The EURUSD Elliott Wave analysis […]
Julian Assange to be freed after pleading guilty, ending 14-year legal struggle

Julian Assange to be freed after pleading guilty, ending 14-year legal struggle

WikiLeaks co-founder Julian Assange has departed the UK after extended negotiations with the US Department of Justice resulted in a plea deal. Assange has left the Belmarsh maximum security prison on the morning of June 24 UTC, according to details released by WikiLeaks. JULIAN ASSANGE IS FREE Julian Assange is free. He left Belmarsh maximum […]
FX Daily: Investors Struggle To Stay Bearish

FX Daily: Investors Struggle To Stay Bearish

Image Source: Unsplash  FX markets are seeing a modest reversal of the losses witnessed over the last couple of weeks. For example, USD/MXN has broken back below 18.00 and EUR/USD is trying to crawl higher too as France’s National Rally tries to soothe fears in the French bond market. However, it looks too soon to expect a rally […]
Metals Report For Monday, June 24

Metals Report For Monday, June 24

Image Source: PixabayIn this video, Ira Epstein reviews the day’s trading in the gold and other relevant metal markets.Video Length: 00:07:00More By This Author:SPDR ETF Report For Monday, June 24Financial Markets Report For Monday, June 24SPDR ETF Report For Thursday, June 20
‘Rich dad’ Robert Kiyosaki sees Bitcoin dip as buying opportunity

‘Rich dad’ Robert Kiyosaki sees Bitcoin dip as buying opportunity

Bitcoin’s price fell on Monday, hitting a low of $58,400 on Binance, and has decreased by 11% since the beginning of the month. Despite the bearish trend, Robert Kiyosaki, the author of “Rich Dad, Poor Dad,” sees this as a chance to increase his holdings. “Bitcoin is crashing. Most people should sell. I am waiting […]
Top Wall Street Stories Of 1H & Predictions For 2H

Top Wall Street Stories Of 1H & Predictions For 2H

Image Source: UnsplashWith just a few trading days left, Wall Street has been on a remarkable rally, buoyed by a surge in technology stocks. The artificial intelligence (AI) craze, hopes of rate cuts, optimism over a resilient economy, improving corporate earnings and the rising share of the “Magnificent Seven” have been driving the space. Notably, the […]
Elliott Wave Analysis On Silver Expects Further Correction Lower

Elliott Wave Analysis On Silver Expects Further Correction Lower

Image Source: PixabayShort Term Elliott Wave in XAGUSD (Silver) suggests cycle from 5.20.2024 high remains in progress as a double three structure. Down from 5.20.2024 high, wave ((a)) ended at 30.03 and wave ((b)) rally ended at 32.29. Wave ((c)) lower ended at 29.36 which completed wave W. Rally in wave X has ended at 31.53 as […]