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GBP/USD Price Analysis: Holds Steady Above Mid-1.2600s, Not Out Of The Woods Yet

GBP/USD Price Analysis: Holds Steady Above Mid-1.2600s, Not Out Of The Woods Yet

Image Source: Unsplash GBP/USD struggles to register any meaningful recovery and hangs near a one-month trough. Bets for an early rate cut by the BoE undermine the GBP and act as a headwind for the major.  September Fed rate cut bets cap the upside for the USD and help limit losses for spot prices. A break […]
Bitcoin falls close to $64,000 as ETFs bleed $140 million

Bitcoin falls close to $64,000 as ETFs bleed $140 million

Bitcoin’s price plunged close to $64,000 on Friday, hitting a low of $64,300, according to data from TradingView. The drop comes amid major withdrawals from US spot Bitcoin ETFs, totaling $139.88 million on Thursday.Grayscale Bitcoin Trust (GBTC) saw $53 million in its daily net outflows, while Fidelity Wise Origin Bitcoin Fund (FBTC) recorded $51 million […]
Gold Price Over Next 5 Years Will Truly Surprise People

Gold Price Over Next 5 Years Will Truly Surprise People

Image Source: PixabayRick Rule provides some history lessons on juniors in the 1960s and 1970s and shares his current thoughts on developers, producers and explorers.He mentions several stocks in passing and informs us on his most recent buys.Video Length: 00:41:41Video Chapter: 0:00 Intro 1:20 Juniors in the 1960s 8:30 Lessons from 1960s and 1970s 11:05 Rule […]
The Commodities Feed: Oil Market Shows Signs Of Tightening

The Commodities Feed: Oil Market Shows Signs Of Tightening

Image Source: Unsplash Energy – Russian gas supply concerns ease  Oil prices continued to edge higher yesterday and with Brent nearing $86/bbl, it is up more than 10% since the start of the month. Strength in timespreads has accompanied the strength in the flat price, while there has also been renewed strength in the North Sea […]
This Range Reversal Could Make Our Entire Week

This Range Reversal Could Make Our Entire Week

Image Source: Unsplash Quad Witching tomorrow – let’s do this!  Markets are making it easy on us tonight…This bearish range in an overall bull market tells me this Range Reversal could be the easiest money we make all week!The trading Gods must be watching over us tonight because there are PLENTY of ways to make money […]
SPDR ETF Report For Thursday, June 20

SPDR ETF Report For Thursday, June 20

Image Source: PixabayIn this video, Ira Epstein reviews the day’s trading in various SPDR-ETF markets for the trading day that ended, Thursday, June 20.Video Length: 00:15:57More By This Author:Financial Markets Report For Thursday, June 20Metals Report For Tuesday, June 18SPDR ETF Report For Tuesday, June 18
Elliott Wave Technical Analysis: Cardano Crypto Price News For Friday, June 21

Elliott Wave Technical Analysis: Cardano Crypto Price News For Friday, June 21

Image Source: PixabayElliott Wave Analysis TradingLounge Daily ChartCardano/ U.S. dollar(ADAUSD)ADAUSD Elliott Wave Technical Analysis Function: Counter TrendMode: CorrectiveStructure: FlatPosition: Wave CDirection Next higher Degrees: wave (II) of ImpulseWave Cancel invalid level:Details: Wave II Is equal to 61.8% of Wave I at 0.358.Cardano/ U.S. dollar(ADAUSD)Trading Strategy:  ADA overall is still in the period of correction. In the position of wave (II) […]
3 Intriguing Auto Stocks To Buy Now

3 Intriguing Auto Stocks To Buy Now

Image Source: UnsplashSeveral auto stocks are starting to stand out as new additions to the Zacks Rank #1 (Strong Buy) list this week.Along with positive earnings estimate revisions being indicative of their improved outlook, these highly ranked auto stocks are attractive in terms of value which further suggests that now is an ideal time to invest.Cummins (CMI – Free […]
Incomplete Bullish Elliott Wave Sequence In Netflix Argues For More Upside

Incomplete Bullish Elliott Wave Sequence In Netflix Argues For More Upside

Image Source: PexelsShort Term Elliott Wave in Netflix (NFLX) shows an incomplete bullish sequence from 4.22.2024 low favoring further upside. Rally from 4.22.2024 low is unfolding as an impulse Elliott Wave structure. Up from there, wave (1) ended at 664.25 and pullback in wave (2) ended at 626.44. The stock extended higher in wave (3) with internal subdivision […]
Gold Price Remains Confined In A Range Around $2,360, Bullish Potential Seems Intact

Gold Price Remains Confined In A Range Around $2,360, Bullish Potential Seems Intact

Image Source: Pixabay Gold price consolidates the previous day’s strong move up to a two-week high. Bets for a September rate cut by the Fed continue to lend support to the XAU/USD. The overnight rise in the US bond yields underpins the USD and caps the upside. Gold price (XAU/USD) remains confined in a range during […]