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Archives by Year:
Elliott Wave Technical Analysis: U.S. Dollar/Japanese Yen – Monday, Aug. 12
Image Source: Pixabay USD/JPY Elliott Wave Analysis Trading Lounge Day ChartU.S. Dollar / Japanese Yen (USD/JPY) Day ChartUSD/JPY Elliott Wave Technical AnalysisFunction: Trend Mode: Impulsive Structure: Orange Wave 3 Position: Navy Blue Wave 3 Direction Next Higher Degrees: Orange Wave 4 Details: Orange wave 2 appears completed, now orange wave 3 is active. Wave Cancel Invalid Level: 152.009The USD/JPY Elliott Wave Analysis on the daily […]
Already In Recession?
Pascal Michaillat (UCSC) and Pascal Michaillat (UC Berkeley) say there is a 40% probability that US economy is already in recession. depositphotos From the abstract to the paper: To answer this question, we develop a new Sahm-type recession indicator that combines vacancy and unemployment data. The indicator is the minimum of the Sahm indicator— the difference between the 3-month trailing average […]
Daily Market Outlook – Monday, Aug. 12
Image Source: Unsplash Following Friday’s mostly positive signs from US markets, Asian stock markets are relatively higher on Monday as they continue to rebound from a recent sell-off that was prompted by worries that the largest economy in the world will enter a recession. Additionally, before important US inflation data later this week, traders might be […]
US Dollar Index Price Forecast: Remains Above 103.00 With Expecting A Trend Reversal
The US Dollar Index may reverse its trend if it moves toward the narrower part of the descending wedge. The momentum indicator MACD suggests a bearish trend for the US Dollar. The nine-day EMA at 103.39 level could act as an immediate barrier. The US Dollar Index (DXY) retraces its recent losses from the previous session, trading around […]
Tech And Travel Stocks Poised For Recovery Amid Labor Data Optimism
Stocks rebounded on Thursday, with positive labor data boosting confidence after a sharp sell-off earlier last week. The S&P 500 rose 2.3%, the Dow gained 1.76% and the Nasdaq increased 2.87%. Weekly jobless claims were lower than expected, helping ease concerns about the labor market. The 10-year Treasury yield hit 4%, aided by a weaker […]
Sensex Today Trades Lower; Adani Group Shares Down 6%
Shares in Asia opened higher Monday as markets shifted focus to key US data prints this week for further insight into the health of the world’s biggest economy.Equity benchmarks for Australia and South Korea both gained.US stock indices gained marginally on Friday, as the volatile week is set to end.Here’s a table showing how US […]
Canto blockchain experiences prolonged outage, fix scheduled for Monday
Key Takeaways Canto blockchain’s transaction processing halted for two days due to a consensus issue. Canto’s native token value dropped by 21% during the outage but later recovered. Canto, a layer-1 blockchain platform, has been non-operational since August 10 due to a consensus issue, with a resolution planned for August 12.The blockchain ceased processing transactions […]
Commodities Feed: Cocoa Price Jumps
Image Source: Pixabay Cocoa prices saw a significant jump last week on rising supply fears from West Africa due to unfavorable weather conditions. Energy – Oil edges higher amid lingering geopolitical risksBoth ICE Brent and NYMEX WTI continued the positive run this morning after making gains last week with geopolitical tensions from the Middle East remaining […]
Oil Continues To Rise On Monday; Natural Gas Has Stabilized
Oil chart analysisThe price of oil continued to rise during this morning’s Asian session. We saw a jump to the $77.54 level, where we formed a seven-day high. The current stable bullish formation gives us confidence to continue on the bullish side. Based on this, we expect to see the price of oil at a new daily […]
BTC/USD Forex Signal: Bitcoin Forms A Death Cross Pattern
Bearish view Sell the BTC/USD pair and set a take-profit at 55,000. Add a stop-loss at 60,000. Timeline: 1-2 days. Bullish view Buy the BTC/USD pair and set a take-profit at 60,000. Add a stop-loss at 55,000. The BTC/USD currency pair pulled back and moved below the key support at $60,000 as the focus shifted to the […]
