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Australian Dollar Edges Higher Following Key Economic Data

Australian Dollar Edges Higher Following Key Economic Data

Image Source: Unsplash The Australian Dollar appreciates after the domestic economic data release on Tuesday. Australia’s Westpac Consumer Confidence increased by 2.8% in August, reversing the 1.1% decline observed in July. The pressure on US Dollar is alleviated due to diminished odds of a 50-basis point rate cut by the Fed. The Australian Dollar (AUD) extends […]
DJTriangle

DJTriangle

Image Source: PexelsPretty interesting to see this pattern play out…More By This Author:The Meaningless TopIll IntelEthereum Ready To Reverse
Coinbase urges SEC to retract DeFi rule, calls it ‘fundamentally flawed’

Coinbase urges SEC to retract DeFi rule, calls it ‘fundamentally flawed’

Key Takeaways Coinbase’s legal officer criticizes the SEC’s approach to regulating decentralized exchanges. The SEC’s rule could force DEXs to adhere to traditional exchange regulations. Coinbase has submitted a strongly worded comment letter to the SEC, urging the agency to withdraw its proposal to expand the definition of “exchange” to include decentralized exchanges (DEXs).The crypto […]
Gold Mining Fundamental Drivers Best In 20 Years

Gold Mining Fundamental Drivers Best In 20 Years

Image Source: PixabayGary Tanashian, editor and publisher of NFTRH thinks the fundamentals for gold mining companies are the best in 20 years.He believes the Federal Reserve and US Government will no longer be able to inflate without negative consequences. A disinflationary or deflationary period is coming, which could be followed by stagflation after the next round of inflation.Video […]
Current Analysis: Fresenius Medical Care (FMS)

Current Analysis: Fresenius Medical Care (FMS)

Image Source: PixabayFresenius Medical Care (FMS) is the largest dialysis company in the world, treating over 300,000 patients from roughly 3,750 clinics across the globe as of mid-2024.In addition to providing dialysis services, the firm is a leading supplier of dialysis products, including machines, dialyzers, and concentrates. Fresenius accounts for about 35% of the global dialysis […]
USD/JPY Trades With Mild Losses Near 147.00 Ahead Of US PPI Data

USD/JPY Trades With Mild Losses Near 147.00 Ahead Of US PPI Data

Image Source: Pixabay USD/JPY drifts lower to around 147.10 in Tuesday’s early Asian session.  The rising geopolitical risks in the Middle East continue to support the JPY.  The US Producer Price Index (PPI) for July will be in the spotlight on Tuesday.  The USD/JPY pair weakens to near 147.10 during the early Asian session on Tuesday. […]
Stocks And Precious Metals Charts – Devils Of Lawlessness And The King In Yellow

Stocks And Precious Metals Charts – Devils Of Lawlessness And The King In Yellow

Image Source: UnsplashStocks wobbled around once again, going out nearly unchanged.Gold and silver bolted higher.They are now, once again, up against resistance.VIX was steady.The Dollar chopped into unchanged.PPI tomorrow, and CPI on Wednesday.Have a pleasant evening.More By This Author:Stocks And Precious Metals Charts – Edgy Session Stocks And Precious Metals Charts – Stocks RoseStocks And Precious […]
Gold Price Trims Part Of Overnight Gains Amid Risk-on Mood; US Inflation Data In Focus

Gold Price Trims Part Of Overnight Gains Amid Risk-on Mood; US Inflation Data In Focus

Image Source: Pixabay Gold price pulls back from the vicinity of the monthly peak retested earlier this Tuesday. Bulls opt to lighten their bets amid a positive risk tone and ahead of the US inflation data. Geopolitical risks and bets for a 50-bps rate cut by the Fed should help limit the downside. Gold price (XAU/USD) […]
Big Market Moving Data Starts Tonight

Big Market Moving Data Starts Tonight

Image Source: UnsplashThe S&P 500 finished flat (that means it didn’t really go up or down) because Nvidia (NVDA) went up by 5%. It was a weak day, with 342 stocks going down and only 159 going up. Also, the CDX HY Spread index (a measure of risk in high-yield bonds) was higher, and so were […]
Nasdaq 100 & S&P 500 Elliott Wave Update – Monday, Aug 12

Nasdaq 100 & S&P 500 Elliott Wave Update – Monday, Aug 12

Image Source: PexelsMore “b’ wave action today as the markets gyrated around within minuet ‘b” waves as part of the minute “b” wave which are a part of the ongoing Minor 4th waves. The markets held to somewhat tighter ranges today in advance of the PPI and CPI reports due out tomorrow and Wednesday. I review […]