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GBP/USD Forex Signal: On The Cusp Of A Bullish Breakout

GBP/USD Forex Signal: On The Cusp Of A Bullish Breakout

Bullish view Set a buy-stop at 1.2827 and a take-profit at 1.2900. Add a stop-loss at 1.2700. Timeline: 1-2 days.  Bearish view Set a sell-stop at 1.2775 and a take-profit at 1.2700. Add a stop-loss at 1.2880. The GBP/USD exchange rate retreated slightly on Tuesday after Jerome Powell hinted of his willingness to cut interest rates if […]
EUR/GBP Forex Signal: Euro Continues To Fight Against Sterling

EUR/GBP Forex Signal: Euro Continues To Fight Against Sterling

Potential signal: The EUR/GBP pair would be a screaming buy above the 0.8525 level, because it could be a longer-term “buy-and-hold” type of scenario. At that point, I would have to have a 100 point stop loss. It remains obvious to me that the euro is doing everything it can to recover against the British […]
USD/CAD Holds Ground Around 1.3650 Due To Lower Oil Prices, Hawkish Fed

USD/CAD Holds Ground Around 1.3650 Due To Lower Oil Prices, Hawkish Fed

USD/CAD holds its gains, trading around 1.3640 during the early European hours on Wednesday. The weakening of the commodity-linked Canadian Dollar (CAD) could be attributed to lower crude Oil prices, given the fact that Canada is the biggest Oil exporter to the United States (US).West Texas Intermediate (WTI) Oil price trades around $80.30 per barrel at the […]
EUR/USD Clings To Gains In Countdown To US Inflation

EUR/USD Clings To Gains In Countdown To US Inflation

EUR/USD holds gains tight range above 1.0800 due to multiple tailwinds. Fed Powell’s caution on the US labor market pushes the US Dollar on the backfoot. The Euro gains as the far right’s defeat eases upside risks to widening French financial crisis. EUR/USD turns sideways around 1.0800 in Wednesday’s European session after a modest corrective […]
Grains Report For July 9

Grains Report For July 9

depositphotos DJ CBOT Delivery Intentions: Totals – Jul 9 Source: CME Group Contract Quantity Next Trade Commodity Month Delivery Day Assigned Today Date Available SOYBEAN OIL July Jul 10, 2024 1,049 Jul 03, 2024 WHEAT July Jul 10, 2024 35 Jul 05, 2024DJ USDA Grain Inspections for Export in Metric Tons – Jul 08 WA_GR101 Washington, […]
EUR/USD Forex Signal: Pullback Likely Ahead Of US Inflation Data

EUR/USD Forex Signal: Pullback Likely Ahead Of US Inflation Data

Bearish view Sell the EUR/USD pair and set a take-profit at 1.0700. Add a stop-loss at 1.0900. Timeline: 1-2 days. Bullish view Set a buy-stop at 1.0845 and a take-profit at 1.0900. Add a stop-loss at 1.0750. The EUR/USD exchange rate held steady overnight as traders focused on Jerome Powell’s statement and the upcoming US inflation data. […]
WTI Lifts Off One-Week Lows After API Reports Bigger Than Expected Crude Draw

WTI Lifts Off One-Week Lows After API Reports Bigger Than Expected Crude Draw

Image Source: UnsplashOil prices dropped today as traders hung on every word from Fed Chair Powell prompting some wild intraday swings.Earlier, prices traded above $82 a barrel after Powell said the labor market has “cooled considerably,” but further comments that avoided sending signals about imminent rate cuts caused markets to give up previous gains.Crude markets are […]
Market Blues: Analyzing Ratio Charts Featuring The Russell 2000

Market Blues: Analyzing Ratio Charts Featuring The Russell 2000

Image Source: PexelsAs I try to shake off the nothing-is-happening-in-the-market blues, here are a couple of ratio charts, each of which use the Russell 2000 ($RUT) index.This first one is the entire history I’ve got of the Nasdaq 100 divided by the Russell 2000. As you can see, the ratio chart is at levels never witnessed […]
Boeing Sees 32% Fall In Deliveries In Q2

Boeing Sees 32% Fall In Deliveries In Q2

Image Source: Unsplash Boeing delivered 92 planes in Q2FY25, compared to 136 planes delivered last year- a fall of 32.25%. Year to date, the company’s deliveries fell by 34.21% at 175 planes compared to 266 planes. Boeing still has a delivery backlog of 5,625 planes, as of May 31 this year. Beleaguered airplane manufacturer Boeing recorded […]
Ronaldinho shills Solana-based meme coin on Instagram

Ronaldinho shills Solana-based meme coin on Instagram

Key Takeaways Ronaldinho’s Instagram endorsement boosted Water Coin’s value temporarily. Skepticism surrounds Water Coin’s legitimacy due to potential pump-and-dump risks. Legendary footballer Ronaldinho Gaúcho recently posted a story on his Instagram account promoting the Solana-based token Water Coin (WATER) to his 76.6 million followers. The move comes after Lionel Messi’s similar post sent WATER’s value […]