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Archives by Year:
USD/CHF Languishes Near Multi-Day Low, Below 0.9000 As Traders Look To US NFP
Photo by Claudio Schwarz on Unsplash USD/CHF drifts lower for the third straight day amid the prevalent USD selling bias. Rising bets for a September Fed rate cut move continue to weigh on the Greenback. The downside is likely to remain limited as traders await the release of the US NFP. The USD/CHF pair remains under some selling […]
FX Daily: Inflection Point?
Image Source: PexelsISM employment surveys point to a drop in payrolls, and we see some downside risks given a relatively optimistic 190k consensus. Today could mark the kind of inflection point in the jobs market that the Fed’s Mary Daly has discussed, and fuel dovish bets. Elsewhere, the pound was untouched by Labour’s well-telegraphed landslide win […]
Mt. Gox confirms Bitcoin, Bitcoin Cash repayments have begun
Key Takeaways Mt. Gox has commenced the distribution of Bitcoin and Bitcoin Cash to its creditors. The initiation of repayments by Mt. Gox is exerting downward pressure on Bitcoin market prices. Mt. Gox, once the dominant force in the crypto exchange world, has commenced the distribution of Bitcoin and Bitcoin Cash to its creditors, marking […]
Amgen, Inc. Dividend Stock Analysis
Image Source: PixabayLinked here is a detailed quantitative analysis of Amgen, Inc. (AMGN). Below are some highlights from the above-linked analysis: Company Description: Amgen Inc. is one of the world’s leading biotech companies with major treatments for anemia, neutropenia, rheumatoid and psoriatic arthritis, psoriasis, cancer and osteoporosis. Fair Value: In calculating fair value, I consider the NPV MMA Differential Fair […]
EUR/GBP Weakens Below 0.8500 Amid Weaker German Industrial Production, Labour Party Wins UK Election
Image Source: Unsplash EUR/GBP trades with a mild bearish bias around 0.8475 in Friday’s early European session. Labour Party has won 337 seats in the parliamentary election, implying it now holds a majority in the House of Commons. Germany’s industrial sector contraction deepened in May. The EUR/GBP cross trades with mild losses near 0.8475 on Friday […]
Bitcoin sinks to $53,800, altcoins bleed following Mt. Gox’s billion transfer
Key Takeaways Bitcoin dropped below $54,000 following a $2.7 billion BTC transfer by Mt. Gox. The transfer is linked to a repayment plan to distribute over $9 billion to creditors. Bitcoin’s value fell to $57,000 late Thursday and hit a low of $53,800 in the early hours of Friday, according to data from TradingView. The […]
Fireworks For Gold In Second Half Of 2024
Image Source: PixabayIf Gold and Silver continue to hold $2290 and $29, then there is a good chance of fireworks in the second half of 2024.If the economy weakens, leading to Fed easing, capital would flow into Gold ETFs and Gold would break resistance against the 60/40 portfolio.Video Length: 00:09:16More By This Author:Next Leg Higher In […]
Gold Trading Strategy Today – Friday, July 5
Image Source: PexelsToday you will see GOLD price prediction based on the technical analysis. What is the support and resistance on the daily time frame for XAUUSD? What to expect where the price will breakout for the XAUUSD based on the supply and demand zones.Video Length: 00:03:42More By This Author:Gold Trading Strategy Today – Thursday, July […]
Elliott Wave Technical Analysis: XRP Crypto Price News For Friday, July 5
Image by WorldSpectrum from Pixabay Elliott Wave Analysis TradingLounge Daily ChartXRP/ U.S. dollar(XRPUSD)XRPUSD 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 5.225Ripple/ U.S. dollar(XRPUSD)Trading Strategy: Decreasing wave ((E)), which is the last wave in the Triangle pattern before prices […]
Primer: Currency Risks For Banks
Image Source: PexelsAlthough the major banks have global operations and currency trading is a massive financial market, this book largely ignores the complications created by banks operating in multiple currencies. The first reason is that the author has no useful experience in that area. The second is that currency risk is not a significant source of […]
