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Unlocking ASX Trading Success: Scentre Group – Wednesday, July 31

Unlocking ASX Trading Success: Scentre Group – Wednesday, July 31

ASX: SCENTRE GROUP – SCG Elliott Wave Technical AnalysisTradingLounge (1D Chart)Greetings, our Elliott Wave analysis today provides an update on the Australian Stock Exchange (ASX) with a focus on SCENTRE GROUP – SCG. It appears that wave ((ii)) – navy has concluded, and wave ((iii)) – navy is likely beginning a move higher. The Long Trade position […]
NZD/USD Analysis: Test Of Mid-Term Lows Sparks Buying Reversal Higher

NZD/USD Analysis: Test Of Mid-Term Lows Sparks Buying Reversal Higher

The NZD/USD hit a low of nearly 0.58580 on Monday touching values last seen in April, but has experienced a reversal higher since this depth and setting the tone for more speculation. The NZD/USD currency pair has not provided bullish traders with much opportunity for smiles recently. Lows on Monday extended the downwards losing streak for the […]
T-Mobile Reports Q2: Beats EPS Expectations By $0.21

T-Mobile Reports Q2: Beats EPS Expectations By $0.21

Photo by Galen Crout on Unsplash   T-Mobile US, Inc. (NYSE: TMUS) reported robust financial and operational results for Q2 2024, showcasing industry-leading growth across several metrics. The company recorded postpaid net account additions of 301,000, the best in the industry, and postpaid net customer additions of 1.3 million, marking a significant milestone of crossing 100 million postpaid customers.Additionally, T-Mobile […]
Disappointing Eurozone Inflation Makes September Rate Cut A Close Call

Disappointing Eurozone Inflation Makes September Rate Cut A Close Call

Image source: Pixabay  Preliminary figures for both headline and core inflation came in slightly higher than expected in the Eurozone. While we believe that the downtrend remains intact, today’s figures make a September rate cut from the ECB a very close call.  July inflation higher than expectedThe year-on-year increase in Eurozone HICP rose to 2.6% in July from 2.5% […]
Little Change For U.S. New Home Market Cap

Little Change For U.S. New Home Market Cap

There was little change in the trends for the relative health of the U.S. new home market in June 2024.The state of that relative health however is far from healthy. While not representing an outright drag on the U.S. economy, the new home market is not a robust contributor to it either. If you want […]
Asian Stock: Guangzhou Baiyun International Airport

Asian Stock: Guangzhou Baiyun International Airport

TM Editors’ note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence.Company: Guangzhou Baiyun International Airport Company LimitedBloomberg ticker: 600004 SHMarket cap: US$3,262mBackground: Guangzhou Baiyun International Airport Company Limited provides airport support services. The Company offers ground cleaning, airplane maintenance, airplane repairing, and other services. Guangzhou Baiyun International Airport […]
EUR/JPY Slumps To Multi-month Lows Below 163.00 On Hawkish BoJ Action

EUR/JPY Slumps To Multi-month Lows Below 163.00 On Hawkish BoJ Action

EUR/JPY came under heavy bearish pressure on Wednesday and dropped to its weakest level since mid-April at 162.20. At the time of press, the pair was trading at 162.90, losing 1.4% on a daily basis. Japanese Yen PRICE TodayThe table below shows the percentage change of Japanese Yen (JPY) against listed major currencies today. Japanese Yen […]
EUR/USD Technical Analysis: Short-Term Resistance And Support Levels

EUR/USD Technical Analysis: Short-Term Resistance And Support Levels

On Tuesday, the EUR/USD pair experienced some price movements. Let’s break down the key levels and potential scenarios for traders to watch. Recent Price Action Support: The pair found support above 1.0795. Resistance: It encountered resistance below 1.0835. This suggests that after a short-term rise, the EUR/USD could continue its downward trend. Key Levels to Watch Resistance […]
German Inflation Provides New Argument For ECB Hawks

German Inflation Provides New Argument For ECB Hawks

Image source: Pixabay  The slight increase in German inflation not only highlights the stickiness of inflation but also suggests that a September rate cut is not a done deal, yet.The just-released flash estimate of German inflation in July shows that there is still some way to go before it is back to the European Central Bank’s target […]
Daily Market Outlook – Wednesday, July 31

Daily Market Outlook – Wednesday, July 31

Image Source: Unsplash  Japanese stocks rebounded and the yen fluctuated as traders absorbed the BoJ’s interest rate hike and the slowdown in bond purchases. The BoJ raised interest rates to around 0.25% and announced a reduction in bond purchases to about ¥3 trillion ($19.6 billion) per month in Q1 2026. Japanese government bonds pared losses, with […]