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Elliott Wave Technical Analysis: Iron Ore Commodity – Friday, July 5

Elliott Wave Technical Analysis: Iron Ore Commodity – Friday, July 5

Image Source: Pixabay  Iron Ore Elliott Wave Analysis Function – Counter-trend Mode – Corrective for 2 Structure – Double Zigzag Position – Blue wave ‘b’ (circled) Direction – Blue wave ‘c’ (circled) Details – The metal has completed the circled wave b and is now up in wave c (circled) with an impulse that should break above […]
Romanian Consumers Catch A Breath Amid Spending Marathon

Romanian Consumers Catch A Breath Amid Spending Marathon

Image Source: Pexels  Small signs of moderation in Romania’s strong consumer momentum seen so far this year aren’t giving rise to too much concern. Consumption is set to remain robust this quarter and for the rest of the year. Further stabilization signs, if they continue, are likely to bring the National Bank of Romania more comfort in easing the pressure […]
Eurozone Retail Sales Continue To Creep Up Slowly

Eurozone Retail Sales Continue To Creep Up Slowly

Image Source: Unsplash  The 0.1% increase in May doesn’t sound like much, but after years of recession, evidence is mounting that the bottom in retail trade is behind us. With real wages improving, the second half of 2024 should see a continuation of the cautious upward trend.After a boom in 2021 on the back of store reopenings, […]
Elliott Wave Technical Analysis: U.S. Dollar/Swiss Franc – Friday, July 5

Elliott Wave Technical Analysis: U.S. Dollar/Swiss Franc – Friday, July 5

 Photo by Claudio Schwarz on Unsplash  USDCHF Day Chart DescriptionUSDCHF Elliott Wave Analysis – Trading Lounge Day ChartUSDCHF Day ChartUSDCHF Elliott Wave Technical Analysis Function: Trend Mode: Corrective Structure: Orange Wave 2 Position: Navy Blue Wave 1 Next Higher Degree Direction: Orange Wave 3 Details: Orange Wave 1 completed, Orange Wave 2 in progress. Wave Cancel Invalid Level: 1.88270 The USDCHF Elliott Wave Analysis for the day […]
Silver Price Forecast: XAG/USD Holds Position Above $30.50 Ahead Of US NFP

Silver Price Forecast: XAG/USD Holds Position Above $30.50 Ahead Of US NFP

 Image Source: Pixabay   Silver price receives support as weaker US data raise the odds of the Fed reducing rates in 2024. US Nonfarm Payrolls are expected to increase by 190,000 new jobs, down from the previous reading of 272,000. The potential for improvement in negotiations between Israel and Hamas may cap the upside for safe-haven […]
Sensex Today Trades Lower; Nifty Below 24,200

Sensex Today Trades Lower; Nifty Below 24,200

Asian markets traded higher on Friday, with Japan’s key benchmark indices hitting new highs.Japan’s Nikkei 225 gained 0.5%, while the Topix rose 0.1% to a fresh record high. South Korea’s Kospi added 0.5%.The US stock markets were closed on 4 July 2024, observing the Independence day.However, the S&P 500 rose to new highs in Wednesday’s shortened trading […]
The Commodities Feed: Oil Prices Hold Steady

The Commodities Feed: Oil Prices Hold Steady

Photo by Timothy Newman on Unsplash  Crude oil prices opened marginally lower this morning as the threat of US oil supply disruptions from the ongoing hurricane faded. Meanwhile, the recent decision of Saudi Aramco to trim oil OSPs has further weighed on the prices.  Energy – Saudi Aramco slashes crude oil OSPsThe oil market traded little changed in the early […]
US Dollar Weakness Trumps All

US Dollar Weakness Trumps All

Image Source: Pixabay  It’s been a week of softer data out of the Eurozone, softer data out of the UK, ongoing stress around the French election, and what is expected to be a massive defeat for the Tories in the UK. Yet with all that going on, the Euro and Pound have been rallying along with […]
CHF/JPY Forecast: Swiss Franc Shows Strength

CHF/JPY Forecast: Swiss Franc Shows Strength

The Swiss franc initially pulled back just a bit against the Japanese yen during the trading session on Thursday but then turned around to show signs of strength All things being equal, this is a market that continues to see a lot of buyers on dips as we are hanging around the 179 yen level. The […]
Hottest Stocks To Day Trade In Canada In 2024

Hottest Stocks To Day Trade In Canada In 2024

Image Source: Pexels  Day trading involves buying and selling securities within the same trading day, capitalizing on short-term price movements. In Canada, day trading has gained traction in recent years, thanks to: Discount brokerages with user-friendly platforms make it easier for individuals to participate. The Toronto Stock Exchange (TSX) boasts a healthy volume, providing opportunities for […]