June 2024 - Page 56 of 240 -

USD/CAD Forecast: USD Rallies Amid Canadian Struggles

Jun 24, 2024 Jeremy Parkinson Finance 0

The US dollar has bounced a bit during the trading session on Friday as PMI numbers in the United States came out hotter than anticipated. Furthermore, we also had a technical area just underneath which of course, being the 50 day EMA, attracted a certain amount of attention. Various trading systems and algorithms will be […]

US Dollar Retains Bid Despite Fed Rate Cut Pricing

Jun 24, 2024 Jeremy Parkinson Finance 0

Image Source: DepositPhotosAs we get going on Monday, we’re picking up with a market that continues to look to buy the US Dollar, despite an on the whole softer round of economic data out of the US last week. Key standouts on Monday’s calendar come from German Ifo reads, UK CBI trends, Dallas Fed manufacturing, […]

Action This Week After Nasdaq 100’s Gravestone Doji Last Week Worth Watching

Jun 24, 2024 Jeremy Parkinson Finance 0

The Russell 2000’s continued difficulty at 2100 runs in contrast to one after another high notched by large-cap indices such as the S&P 500. That said, last week’s weekly gravestone doji on the Nasdaq 100 is worth watching. After unsuccessfully hammering on 2100 – or just underneath – for six consecutive weeks, the Russell 2000 […]

EUR/USD Forex Signal: Extremely Bearish Below 1.0670

Jun 24, 2024 Jeremy Parkinson Finance 0

Bearish view Sell the EUR/USD pair and set a take-profit at 1.0650. Add a stop-loss at 1.0750. Timeline: 1-2 days. Bullish view Set a buy-stop at 1.0700 and a take-profit at 1.0750. Add a stop-loss at 1.0650. The EUR/USD pair dropped to a key support level last week as the US dollar index (DXY) bounced back. It […]

Unlocking ASX Trading Success: Wisetech Global Limited – WTC Stock Analysis & Elliott Wave Technical Forecast – Monday, June 24

Jun 24, 2024 Jeremy Parkinson Finance 0

ASX: WISETECH GLOBAL LIMITED – WTC Elliott Elliott Wave Technical Analysis TradingLounge (1D Chart)Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with ASX LIMITED – ASX. We see wave ((iv))-navy opening up to dip slightly lower, followed by wave ((v))-navy possibly returning to take the WTC higher.ASX: WISETECH GLOBAL LIMITED – WTC Elliott Wave Technical […]

EUR/CAD Forecast: Euro Bounces Against Canadian Dollar At Support

Jun 24, 2024 Jeremy Parkinson Finance 0

The euro initially fell against the Canadian dollar during the trading session on Friday, but it looks as if the 1.46 level is continuing to offer some type of support. As we close down the week, we find the euro trading near the 200-Day EMA against the Loonie, and therefore it could attract the attention […]

Bitcoin Price Takes A Plunge: Analyzing The Sudden Drop

Jun 24, 2024 Jeremy Parkinson Finance 0

Bitcoin price started another decline after it struggled near $64,550. BTC declined below the $63,500 support and might continue to move down. Bitcoin started a fresh decline from the $64,550 resistance level. The price is trading below $63,500 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance […]

USD/CAD Appreciates To Near 1.3700 As Fed Delays The Expected Timing Of The Rate Cut USD/CAD

Jun 24, 2024 Jeremy Parkinson Finance 0

Image Source: DepositPhotosUSD/CAD halts its six-day losing streak, trading around 1.3700 during the Asian session on Monday. On Friday, a higher-than-expected US Purchasing Managers Index (PMI) boosted the US Dollar (USD), underpinning the USD/CAD pair.The US Composite PMI for June surpassed expectations, rising to 54.6 from May’s reading of 54.5. This figure marked the highest level since April 2022. […]

Inflation – How It Started And Where We Are Now

Jun 24, 2024 Jeremy Parkinson Finance 0

INFLATION – HOW IT ALL STARTEDEarly ruling monarchs would ‘clip’ small pieces of the coins they accumulated through taxes and other levies against their subjects. The clipped pieces were melted down and fabricated into new coins. All of the coins were then returned to circulation. The clipped coins circulated side by side with other coins […]

Analytical Overview Of The Main Currency Pairs – Monday, June 24

Jun 24, 2024 Jeremy Parkinson Finance 0

The EUR/USD currency pairTechnical indicators of the currency pair: Prev Open: 1.0702 Prev Close: 1.0692 % chg. over the last day: -0.09% The euro extended losses to $1.067 after weaker-than-expected June PMIs added to fears of a deterioration in the Еuro zone’s economic performance, raising bets that the ECB may cut interest rates further. Flash PMI indices showed […]