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DAX 30 Forecast: Gives Up Gains On Friday

DAX 30 Forecast: Gives Up Gains On Friday

The first thing that stands out to me is that although we had seen a lot of bullish pressure early during the trading session in the German index, we gave up all of the gains to show signs of exhaustion It now looks as if we are going to continue to see a lot of […]
Sensex Today Trades Lower; Nifty Below 24,300

Sensex Today Trades Lower; Nifty Below 24,300

Asian stocks inched higher on Monday as investors grew more confident about a September US rate cut, while the euro grappled with political uncertainty as French elections pointed to a hung parliament.Japan’s Nikkei 225 gained 0.4%, while the Topix is trading flat. South Korea’s Kospi is trading marginally higher.Asian stocks inched higher on Monday as investors grew […]
BTC/USD Forex Signal: Bearish Trend Intact After Recent Dead Cat Bounce

BTC/USD Forex Signal: Bearish Trend Intact After Recent Dead Cat Bounce

Bearish view Sell the BTC/USD pair and set a take-profit at 53,000. Add a stop-loss at 59,000. Timeline: 1-2 days. Bullish view Set a buy-stop at 57,000 and a take-profit at 60,000. Add a stop-loss at 55,000. Bitcoin price stabilized during the weekend as the strong sell-off experienced on Friday last week. After dropping to 53,393, […]
USD/CHF Extends Losing Streak As Fed Rate Cut Prospects Improve

USD/CHF Extends Losing Streak As Fed Rate Cut Prospects Improve

 Image Source: Unsplash   USD/CHF falls below 0.9000 amid a weak US Dollar. The Fed is expected to start lowering interest rates in September. Easing Swiss inflation has boosted prospects of more rate cuts by the SNB. The USD/CHF pair extends its losing streak for the fourth trading day on Monday. The Swiss Franc asset stays below […]
FX Daily: Bittersweet French Election Result For The Euro

FX Daily: Bittersweet French Election Result For The Euro

Image Source: Unsplash  A hung parliament was widely expected in France, but the surprise win by the left-wing coalition may cause market concern ahead of coalition talks. Still, Macron’s party coming in second may offer some balance and limit the rewidening in French bond spreads. The euro should still be a laggard in our view. In the US, Powell […]
No Shorts Left…

No Shorts Left…

“I am very open-minded. I am willing to take in information that is difficult to accept emotionally, but which I still recognize to be true.” ~ Michael Marcus  depositphotos In this week’s Dirty Dozen [CHART PACK] we discuss high-trend fragility mixed with supportive LT positioning. Walk through potential dangers lurking in record-low correlations, a bullish breakout in AUDUSD and the […]
Elliott Wave Technical Analysis: Dogecoin Crypto Price News Today

Elliott Wave Technical Analysis: Dogecoin Crypto Price News Today

Elliott Wave Analysis TradingLounge Daily Chart,Dogecoin/ U.S. dollar(DOGEUSD)DOGEUSD Elliott Wave Technical Analysis Function: Counter trendMode: CorrectiveStructure: ZigzagPosition: Wave ((C))Direction Next higher Degrees: wave I of ImpulseWave Cancel invalid Level:Details: Wave ((4) may is complete and the Price entry to uptrend again.DogeCoin/ U.S. dollar(DOGEUSD)Trading Strategy:Dogecoin overall is still in the period of correction. depositphotos In the position of wave (II) with […]
Market Briefing For Monday July 8

Market Briefing For Monday July 8

Nearly-entrenched softening is indicated by non-governmental Jobs data, and that enhances the prospects of a Fed rate cut sooner rather than later.But it is debatable how the market would react to that; given it reinforces the view of hesitating growth (not as strong as some optimists expect); while at the same time it could help […]
Stingy Boomers? 
                    
‘We’re Not Dead Yet.’ Baby Boomers’ Good Times Drive the Economy.

Stingy Boomers? ‘We’re Not Dead Yet.’ Baby Boomers’ Good Times Drive the Economy.

A recent article in The Economist made some rather ambiguous claims about baby boomers like me: Now that the generation is moving into retirement, what are they going to do with their money? The question matters for more than just suppliers of cruises and golf clubs. Boomers have deep pockets, so their spending choices will exert a […]
Current Analysis: Bloomin’ Brands (BLMN)

Current Analysis: Bloomin’ Brands (BLMN)

Bloomin’ Brands Inc (BLMN) operates as a casual dining restaurant company. The company’s brand includes Outback Steakhouse, Carrabba’s Italian Grill, Bonefish Grill, and Fleming’s Prime Steakhouse and Wine Bar.The company owns and operates many of its 1450 restaurants, and the remainder is franchised. It derives revenue mainly from the United States, but the company has […]