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Archives by Year:
EUR/USD Forex Signal: Weakly Bullish Ascending Price Channel
My previous EUR/USD signal on 17th June was not triggered as there was no bearish price action when any of the resistance levels were first reached. Today’s EUR/USD Signals Risk 0.75%. Trades may only be taken before 5pm London time today. Short Trade Ideas Short entry following a bearish price action reversal on the H1 timeframe immediately upon […]
Two Trades To Watch: DAX, GBP/USD Forecast – Wednesday, July 3
Image Source: Pixabay DAX rises amid an improved market mood A more dovish Fed Chair Powell boosts risk sentiment Eurozone PMI & PPI data due DAX guided higher between the 50 & 100 SMA Stocks in Europe are heading higher, in a bright start, boosted by another strong close on Wall Street. Risk appetite has been […]
Pound Sterling Clings To Gains Ahead Of US Data, UK Elections Outcome
Photo by Colin Watts on Unsplash The Pound Sterling holds gains against the US Dollar as Fed’s Powell seems confident that disinflation has resumed. UK elections outcome will be the major trigger for the Pound Sterling. The US Dollar will dance to the tunes of US ISM Servies PMI, the ADP Employment Change for June, and the […]
BTC/USD Forex Signal: Bitcoin Loses Momentum
Bearish view Sell the BTC/USD pair and set a take-profit at 60,000. Add a stop-loss at 63,780. Timeline: 1-2 days. Bullish view Set a buy-stop at 62,200 and a take-profit at 64,000. Add a stop-loss at 60,000. Bitcoin price dropped sharply in the overnight session even as the US dollar index dropped and US equities […]
Sensex Today Hits Record High, Crosses 80,000 Mark
Stocks in Asia rose as traders weighed prospects for Federal Reserve interest-rate cuts after Jerome Powell cited signals that the US is back on a disinflationary path.Equity benchmarks climbed in Japan, Australia and South Korea, while futures for Hong Kong stocks pointed to a positive start.US stocks rallied on Tuesday as investors digested fresh commentary […]
USD/CAD Falls Toward 1.3750 Due To Higher Oil Prices
Photo by Michelle Spollen on Unsplash USD/CAD depreciates as commodity-linked CAD improves due to rising Oil prices. WTI Oil price edges higher due to supply threat amid escalated geopolitical tensions in the Middle East. The US Dollar may struggle due to dovish remarks from the Fed officials. USD/CAD extends losses for the second consecutive day, trading around […]
Gold Forex Signal: Continues To Find Support
Potential signal: At this point, it’s very possible that gold could be offering a bit of value. Any short-term pullback is a buying opportunity, and I am already long. On the other hand, if we break above the $2335 level, then it’s likely that we go looking to the $2400 level above. Either way, as […]
Asset Bubbles Beware
Image Source: Pixabay Global debt has soared to a record $307 trillion, rising by a staggering $100 trillion over the past decade, and now represents 340% of world GDP. This is why there is no easy escape from the upcoming recession. The salve to bring economies back after a drop in asset prices and contraction in […]
Bitcoin miner Genesis Digital Assets explores US IPO amid crypto resurgence
Key Takeaways Genesis Digital Assets is consulting on a potential US IPO with plans for a pre-IPO funding round. The firm has expanded its global presence with over 20 mining facilities and a new site in Argentina. Genesis Digital Assets (GDA), a major Bitcoin mining firm, is considering a potential initial public offering in the […]
FX Daily: US Data And Fed Minutes In Focus
Photo by Dmitry Demidko on UnsplashFed Chair Jay Powell sounded cautiously optimistic on disinflation which, paired with recent PCE data, allows markets to keep betting on a Fed rate cut in September. US data will take centre stage into the weekend and may eclipse the impact of Fed minutes. EUR/USD can climb to 1.0800 but may lack any EUR idiosyncratic support […]
