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AUD/USD Exhibits Sideways Trend Below 0.6700 With US Labor Market Data In Focus

AUD/USD Exhibits Sideways Trend Below 0.6700 With US Labor Market Data In Focus

The AUD/USD pair stays in a tight range below the immediate resistance of 0.6700 from almost three weeks. The upside in the Aussie asset appears to be restricted as the Reserve Bank of Australia (RBA) has not leaned strongly towards raising interest rates further despite price pressures appear to have revamped again.Australia’s Monthly Consumer Price Index (CPI) […]
BODEN meme coin drops 95% as broader PoliFi sector turns sour

BODEN meme coin drops 95% as broader PoliFi sector turns sour

Key Takeaways Trump and Biden-themed PoliFi tokens have declined significantly as the US election approaches. Despite Trump’s improving electoral odds, Trump-themed tokens continue to fall. The political finance (PoliFi) sector is experiencing a significant downturn as the US presidential race heats up, with many popular tokens seeing dramatic losses.The Solana-based Jeo Boden (BODEN) token, a […]
XAU/USD Commodity Elliott Wave Technical Analysis – Wednesday, July 3

XAU/USD Commodity Elliott Wave Technical Analysis – Wednesday, July 3

Gold Elliott Wave Technical Analysis Function – Counter-Trend Mode – Corrective Structure – Triangle for wave 4 Position -Wave 4 Direction – Wave 4 is still in play Details – Gold completes a triangle for wave 4. Thus, the commodity favors the upside in wave 5 if it escapes the trappings of the congestion. Invalidation remains at […]
EUR/CHF Forecast: Euro Continues To Punish Swiss Franc

EUR/CHF Forecast: Euro Continues To Punish Swiss Franc

EUR/CHF analysis I have recognize that the euro continues to see strength overall. We initially pulled back to the 50-Day EMA against the Swiss franc, only to turn around and show signs of life. Now that we are testing the 0.97 range, I think if we can break above here, we could see a lot […]
Asian Stock: Prima Marine

Asian Stock: Prima Marine

Company: Prima Marine Public Company LimitedBloomberg ticker: PRM TBMarket cap: US$517mBackground: Prima Marine Public Company Limited is a Thai company that provides ship management services on both domestic and international routes. The services include maritime transport and storage services for liquid petroleum and petrochemical products. PRM owns and operates 41 trading vessels, 5 floating storage units, and 14 offshore […]
USD/CHF Holds Steady Around 0.9040 Area, Just Below Over One-Month Top Set On Tuesday

USD/CHF Holds Steady Around 0.9040 Area, Just Below Over One-Month Top Set On Tuesday

The USD/CHF pair trades with a mild positive bias for the seventh successive day on Wednesday and is currently placed just below its highest level in over a month touched the previous day. Spot prices, however, remain below mid-0.9000s as investors await more cues about the Federal Reserve’s (Fed) rate-cut path before placing fresh directional […]
Turkish Inflation Beats Expectations In June

Turkish Inflation Beats Expectations In June

Turkish annual inflation dropped more than expected in June from its May peak, driven by both food and non-food groups. The data implies an improvement in the underlying trend.With a lower-than-expected turnout for June (at 1.64% vs market consensus and our call of 2.2%), annual inflation in Turkey dropped from its cyclical peak of 75.4% to 71.6%. We saw […]
Daily Market Outlook – Wednesday, July 3

Daily Market Outlook – Wednesday, July 3

Image Source: Unsplash  Asian equities surged following Federal Reserve Chair Jerome Powell’s statement on declining inflation, mirroring the record finish for the S&P 500. The MSCI AC Asia Pacific Index was on track for its longest winning run since May, with Japanese stocks increasing and nearing their all-time highs. SoftBank shares reached their highest closing level […]
Gold Trading Strategy Today – Wednesday, July 3

Gold Trading Strategy Today – Wednesday, July 3

Image Source: Unsplash  Today 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: 00:03:39More By This Author:Gold Trading Strategy For Tuesday, July […]
GBP/USD Forex Signal: Levels To Watch Ahead Of UK Election

GBP/USD Forex Signal: Levels To Watch Ahead Of UK Election

Bearish view Sell the GBP/USD pair and set a take-profit at 1.2640. Add a stop-loss at 1.2725. Timeline: 1-2 days.  Bullish view Set a buy-stop at 1.2690 and a take-profit at 1.2740. Add a stop-loss at 1.2600. The GBP/USD exchange rate bounced back as the US dollar index (DXY) retreated after a statement by Jerome […]