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Two Trades To Watch: EUR/USD, GBP/USD Forecast – Thursday, July 18

Two Trades To Watch: EUR/USD, GBP/USD Forecast – Thursday, July 18

Image Source: Unsplash  EUR/USD looks to the ECB rate decision ECB is expected to leave rates unchanged The ECB could signal that the next move is a rate cut, but it is likely to move with caution EUR/USD trades above 1.0915 EUR/USD is trading at a three-month high ahead of the ECB interest rate decision later […]
Pound Sterling Edges Lower After UK Employment Data

Pound Sterling Edges Lower After UK Employment Data

The Pound Sterling slides below 1.3000 against the US Dollar as UK Average Earnings decelerated in the three months ending in May. UK labor market reports the addition of fresh payrolls against a severe drawdown in the three months ending in April. Rising expectations for Fed rate cuts in September have weighed on the US Dollar. The […]
EUR/USD Forex Signal: Path Of The Least Resistance Is Higher

EUR/USD Forex Signal: Path Of The Least Resistance Is Higher

Bullish view Buy the EUR/USD pair and set a take-profit at 1.100. Add a stop-loss at 1.0850. Timeline: 1-2 days. Bearish view Set a sell-stop at 1.0900 and a take-profit at 1.0800. Add a stop-loss at 1.1015. The EUR/USD exchange rate rose for six straight days, reaching its highest level since March 14th after more dovish statements […]
Sensex Today Trades Lower; Nifty Below 24,550 Level

Sensex Today Trades Lower; Nifty Below 24,550 Level

Asian equities fell on Thursday, led by chip stocks as investors fret over the prospect of escalating trade tensions between the US and China, while the yen surged to a six-week high in the wake of suspected interventions by Tokyo last week.MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.57%, with tech heavy South […]
ECB Decision Preview – Thursday, July 18

ECB Decision Preview – Thursday, July 18

Image source: Pixabay  Later today we’ll get the always anticipated ECB policy decision and President Lagarde presser. On balance, we really don’t expect all that much volatility when considering the overwhelming consensus that there will be no change to policy.Video Length: 00:00:55More By This Author:Fed Chair Powell testimony In FocusUS Dollar Weakness Trumps All A Mild […]
FX Daily: Dollar Back To Softest Levels Since March

FX Daily: Dollar Back To Softest Levels Since March

Image Source: Unsplash  Amid many cross-currents, the dollar has softened back to its weakest levels since March. That looks largely down to this month’s 20bp drop in short-dated US rates, but perhaps also down to some confusion about what a possible Trump presidency means for the dollar. For today, the highlight should be the ECB meeting, […]
EUR/GBP Remains Tepid Around 0.8400 Following Mixed UK Employment Data

EUR/GBP Remains Tepid Around 0.8400 Following Mixed UK Employment Data

Image Source: Pixabay EUR/GBP holds losses after the release of UK employment data on Thursday. UK Claimant Count Change, claiming jobless benefits, rose to 32.3K in June, surpassing market expectations of 23.4K. ECB could maintain its main refinancing rate at 4.25% at the July meeting scheduled later in the day. EUR/GBP holds mild losses after following […]
Q2 Earnings Season Starts Positively

Q2 Earnings Season Starts Positively

Image Source: Pixabay We are off to a good start in the Q2 earnings season, with the growth pace steadily improving, an above-average proportion of companies beating EPS estimates, and companies generally providing a reassuring outlook for the coming periods. This should help sustain the favorable revisions trend that we experienced ahead of the start of […]
U.S. Dollar/Canadian Dollar Forex Elliott Wave Technical Analysis

U.S. Dollar/Canadian Dollar Forex Elliott Wave Technical Analysis

Photo by Michelle Spollen on UnsplashUSD/CAD Daily Chart AnalysisUSD/CAD Elliott Wave Technical AnalysisFunction: Counter Trend Mode: Impulsive Structure: Orange Wave C Position: Navy Blue Wave Y of E Next Higher Degree Direction: New Wave 1 Wave Cancellation Invalid Level: 1.37566The USD/CAD Elliott Wave analysis for the daily chart aims to understand counter-trend movements using Elliott Wave Theory. This analysis helps identify market patterns and phases. It […]
Is It The Right Time To Invest In SolarEdge Stock?

Is It The Right Time To Invest In SolarEdge Stock?

Image Source: Pexels Solaredge stock has lost nearly 90% of its value in one year. The solar sector may witness an increase in demand in the later half of the year. Policies are expected to stay unchanged no matter who wins the elections. Solaredge (SEDG) stock has had a horrible 1 year losing nearly 90% of […]