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Daily Market Outlook – Monday, July 22
Image Source: Pixabay Following Joe Biden’s withdrawal from the re-election race and his endorsement of Vice President Kamala Harris, the US Dollar depreciated while Treasuries experienced an increase.In an effort to stimulate economic growth, the People’s Bank of China decided to lower a short-term rate for the first time in over a year, resulting in a […]
Elliott Wave Technical Analysis: Australian Dollar/Japanese Yen – Monday, July 22
Image Source: Unsplash AUDJPY Elliott Wave Analysis – Daily ChartAUDJPY Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: Navy Blue Wave 1POSITION: Gray Wave 1DIRECTION NEXT HIGHER DEGREES: Navy Blue Wave 2Details: Current Status: Orange wave Y looks completed. Now, Navy blue wave 1 of 1 as a new trend is in play. Wave Cancel Invalid Level: 109.360 The AUDJPY Elliott […]
Asia’s first inverse Bitcoin ETF to launch in Hong Kong amid crypto market volatility
Key Takeaways Hong Kong’s inverse Bitcoin ETF launch showcases the city’s ambition to become a leading crypto financial hub. The new ETF reflects growing demand for sophisticated crypto investment tools amid political-driven market volatility. Hong Kong is set to introduce Asia’s first crypto-linked inverse exchange-traded fund (ETF), allowing investors to bet against Bitcoin amid market […]
Bitcoin, Ethereum & Solana Combo ETF Coming Soon : Predicts Head Of ETF Store
Solana (SOL), the fifth-largest cryptocurrency by market cap, has established itself alongside Bitcoin and Ethereum as part of crypto’s Big Three. With Bitcoin and Ethereum already having spot ETFs or about to launch them, it’s likely that Solana will get one too. This could significantly impact SOL, potentially even greater than what we’ve seen with […]
Weekly Market Pulse: Is That Goldilocks I See?
Image Source: Pexels There’s been a pretty remarkable turnaround in markets over the last 10 days. At the end of June, market returns were dominated by large cap growth stocks. The Russell 1000 growth index was up 20.5% while the value index was up a mere 6.5%, a spread rarely seen over such a short period […]
AUD/USD Analysis: Risk-Off Sentiment And Commodity Prices Pressure Aussie
On Friday, July 19th, the Australian dollar (AUD) faced downward pressure against the US dollar (USD) due to several factors. Let’s break down the key influences and technical outlook for the AUD/USD pair. Key Factors Affecting AUD/USD Risk-Off Sentiment: Global stock market declines have weighed on risk-sensitive currencies like the AUD. US Bond Yields: A […]
Bitcoin Forecast: Continues To Rally
Underneath, the market shows a lot of support near the 50-Day EMA, which of course is a major technical indicator that a lot of people pay attention to. The fact that we broke through earlier in the week suggest that a lot of traders have flipped to a “long only” type of position. If we […]
The People’s Bank Of China Unexpectedly Cut Interest Rates
Image source: Pixabay On Friday, the Dow Jones (US30) Index fell by 0.93% (for the week +0.37%), while the S&P 500 (US500) Index lost 0.71% (for the week -2.36%). The Nasdaq Technology Index (US100) closed negative 0.81% (for the week -4.11%). Investors continued to take profits after the recent record highs of the major indices. In addition, after an already turbulent week, a global IT system […]
EURUSD And GBPUSD: The Pound Is Under Pressure At 1.29000
EURUSD chart analysisDuring this morning’s Asian trading session, EURUSD successfully held above the 1.08800 level. The EMA 200 moving average provided additional support from Friday in that zone. Although we are above the support, the pair remains in the pressure zone and could easily move below to the bearish side. With this, we move to a new […]
Sensex Today Trades Lower; Nifty Below 24,500
Asian stocks fell after Joe Biden ended his reelection campaign and endorsed Vice President Kamala Harris.Stocks opened lower in Japan and South Korea, adding to weakness in Australia.US stocks fell on Friday as more details over a global IT outage trickled in and the major averages failed to recover from a sell-off that saw the […]
