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What Will Happen When The Fed Finally Cuts Rates

What Will Happen When The Fed Finally Cuts Rates

Image Source: Unsplash  All year all anyone has heard is the Fed and its rate cuts. Soft landings imply a little weakness but no worry, Jay Powell will cut rates once maybe twice, and everything will be just fine. The only question is, why on earth does anyone believe this? The evidence and history of interest […]
SP500 Daily Trade Plan – Tuesday, July 23

SP500 Daily Trade Plan – Tuesday, July 23

In this update we review the recent price action in the EMINI SP500 futures contract and identify a trade plan for the trading day ahead.Video Length: 00:04:34More By This Author:Daily Market Outlook – Tuesday, July 23FTSE Rebounds From Friday’s Lows As Rentokil Surges On Buyout ChatterDaily Market Outlook – Monday, July 22
Two Trades To Watch: EUR/USD, Oil Forecast – Tuesday, July 23

Two Trades To Watch: EUR/USD, Oil Forecast – Tuesday, July 23

Image Source: Pixabay  EUR/USD pares gains ahead of consumer confidence data Eurozone consumer confidence to improve to -13.2 vs -14 US politics remain in focus as Kamala Harris gains Democrat support EUR/USD struggles below 1.09 EUR/USD is on the back foot, giving back yesterday’s gains and trading below 1.09 in a cautious market mood.  Signs of […]
Cardano Soars To New Levels: IOG Unveils Explosive Growth In Key Metrics

Cardano Soars To New Levels: IOG Unveils Explosive Growth In Key Metrics

In a recent weekly report by Input Output Global (IOG), the engineering development company behind Cardano (ADA), significant growth for the blockchain has been unveiled. The report highlights notable achievements in Total Value Locked (TVL), transactions and the increasing number of projects being built on the network. Thriving Cardano EcosystemPer the report, Cardano has reached a milestone of 94 […]
BTC/USD Forex Signal: Falling Broadening Wedge Points To More Upside

BTC/USD Forex Signal: Falling Broadening Wedge Points To More Upside

Bullish view Buy the BTC/USD pair and set a take-profit at 71,000. Add a stop-loss at 65,000. Timeline: 1-2 days.  Bearish view Set a sell-stop at 67,000 and a take-profit at 65,000. Add a stop-loss at 70,000. Bitcoin price held steady above $67,000 on Tuesday morning as investors focused on the US political events. The BTC/USD […]
EUR/CAD Forecast: Can The Euro Break Out Against The Loonie?

EUR/CAD Forecast: Can The Euro Break Out Against The Loonie?

I begin ask the question “Can the euro break out against the Canadian dollar? At this point in time, we are most certainly approaching a major inflection point in the form of the 1.50 level, and at this point in time, I think we are going to at least make a serious attempt to break […]
Silver Price Forecast: XAG/USD Extends Decline Near $29.00 Amid China’s Demand Concerns

Silver Price Forecast: XAG/USD Extends Decline Near $29.00 Amid China’s Demand Concerns

Silver price (XAG/USD) extends downside near $29.00 during the Asian session on Tuesday. The white metal edges lower amid a slowing Chinese economy. Investors will take more cues from the key US economic data later this week, including the first reading of the US S&P Global Purchasing Managers Index (PMI) for July, Gross Domestic Product […]
Elliott Wave Technical Analysis: Euro/U.S. Dollar – Tuesday, July 23

Elliott Wave Technical Analysis: Euro/U.S. Dollar – Tuesday, July 23

Image Source: Pixabay  EURUSD Elliott Wave Analysis Trading Lounge Day ChartEuro/ U.S. Dollar (EURUSD) Day ChartEURUSD Elliott Wave Technical AnalysisFunction: Counter Trend Mode: Corrective Structure: Orange Wave 2 Position: Navy Blue Wave 3 Next Higher Degrees Direction: Orange Wave 3Details: Orange wave 1 appears completed, and orange wave 2 is currently in play. Wave cancel invalid level: 1.06657.The EURUSD Elliott Wave Analysis on the […]
Google’s $23 Billion Acquisition Of Wiz Falls Through, Israeli Cybersecurity Firm To Go For IPO

Google’s $23 Billion Acquisition Of Wiz Falls Through, Israeli Cybersecurity Firm To Go For IPO

Google parent Alphabet’s ambitious plans to acquire Israeli cybersecurity firm Wiz for $23 billion have fallen through, marking a significant setback in its quest to bolster the search engine’s cloud-computing division with advanced security capabilities.The termination of talks reportedly highlights the challenges tech giants face in navigating regulatory landscapes and investor expectations.The acquisition would not […]
Daily Market Outlook – Tuesday, July 23

Daily Market Outlook – Tuesday, July 23

Image Source: Pixabay  On Tuesday, Asian stock markets are mostly trading higher, taking cues from positive global markets. Traders are taking advantage of the recent market slump to buy stocks at a discount, especially in the technology sector. However, they are cautious about making big moves before the release of key US inflation data later in […]