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Daily Market Outlook – Wednesday, Aug. 7

Daily Market Outlook – Wednesday, Aug. 7

Image Source: Unsplash  After Wall Street’s generally positive cues overnight, Asian stock markets are basically up on Wednesday. Traders are buying equities at a discount following the recent sharp sell-off that was sparked by concerns that the largest economy in the world will enter a recession.The Bank of Japan appears to have taken on the role […]
EUR/USD Bounces Off 1.0900 Mark, Keeps The Red Amid Modest USD Strength

EUR/USD Bounces Off 1.0900 Mark, Keeps The Red Amid Modest USD Strength

The EUR/USD pair remains under some selling pressure for the second straight day on Wednesday, albeit manages to hold its neck above the 1.0900 mark through the early European session. The downtick is sponsored by the emergence of some US Dollar (USD) buying, though the fundamental backdrop warrants caution before positioning for an extension of this week’s pullback […]
FX Daily: Dollar Remains Vulnerable As Equities Stabilize

FX Daily: Dollar Remains Vulnerable As Equities Stabilize

Image Source: Unsplash  US and in particular European equities aren’t rebounding as fast as Japanese stocks, but global risk sentiment is indeed stabilizing, which leaves room in FX to realign with the changes in rate spreads. The dollar is in a substantially weaker position than 10 days ago and is looking at an imminent decline against pro-cyclical […]
Some Relief….But Not Out Of The Woods

Some Relief….But Not Out Of The Woods

Image Source: Pixabay  Markets got a little relief on Tuesday. Unfortunately, most of that relief was simply about the bleeding slowing down rather than any clear catalysts to suggest investor risk appetite was turning back up.Video Length: 00:01:21More By This Author:Bitcoin Uptrend Points To Next Big Push Towards $100k Economic Calendar Heats Up In A Big […]
GBP/USD Forex Signal: Looking Bearish Near 1-Month Low Price

GBP/USD Forex Signal: Looking Bearish Near 1-Month Low Price

My previous GBP/USD signal on 23rd July was not triggered, as none of the key support or resistance levels were reached that day.Today’s GBP/USD SignalsRisk 0.75%.Trades must be taken prior to 5pm London time Wednesday. Long Trade Ideas Go long following a bullish price action reversal on the H1 timeframe immediately upon the next touch of $1.2662, $1.2655, […]
BTC/USD Forex Signal: Rebound Could Be A Dead Cat Bounce

BTC/USD Forex Signal: Rebound Could Be A Dead Cat Bounce

Bearish view Sell the BTC/USD pair and set a take-profit at 50,000. Add a stop-loss at 60,000. Timeline: 1-2 days. Bullish view Set a buy-stop at 57,500 and a take-profit at 60,000. Add a stop-loss at 54,000. Bitcoin price rose in the overnight session as the recent fear in the crypto and stock market eased. The […]
Market Briefing For Wednesday, August 7

Market Briefing For Wednesday, August 7

Evidence is lacking – about the quality of the more-than-dead-cat bounce we had as projected for today, so we won’t try to derive absolutes about it. Surely it would have been preferable to see weakness first, then the rebound, but no such luck, it was up and then a very late fade, which leave things unresolved. depositphotos From […]
Elliott Wave Technical Analysis: NIFTY 50 Index

Elliott Wave Technical Analysis: NIFTY 50 Index

Image source: Pixabay  NIFTY 50 (India) Elliott Wave Analysis Trading Lounge Day ChartNIFTY 50 (India) Elliott Wave Technical AnalysisFunction: TrendMode: ImpulsiveStructure: Navy Blue Wave 3Position: Gray Wave 5Direction Next Higher Degrees: Navy Blue Wave 3 (started)Details: Navy Blue Wave 2 of 5 looking completed. Now Navy Blue Wave 3 is in play.Wave Cancel Invalid Level: 21,254.0The NIFTY 50 (India) Elliott Wave Analysis on the daily chart […]
Metal Markets Report For Tuesday, Aug 6

Metal Markets Report For Tuesday, Aug 6

Image Source: PixabayIn this video, Ira Epstein reviews the day’s trading in the gold and other relevant metal markets.Video Length: 00:08:16More By This Author:SPDR ETF Report For Tuesday, Aug 6Financial Markets Report For Tuesday, Aug 6Metal Markets Report For Monday, Aug 5
NZD/USD Clings To Upbeat Jobs Data-Inspired Gains To Over Two-Week High, Around 0.6000

NZD/USD Clings To Upbeat Jobs Data-Inspired Gains To Over Two-Week High, Around 0.6000

Photo by Thomas Coker on Unsplash NZD/USD catches aggressive bids in reaction to the upbeat employment details. The momentum gets an additional boost after the release of Chinese trade data. A positive risk tone also benefits the Kiwi, though a stronger USD might cap gains. The NZD/USD pair builds on its strong intraday gains and climbs to over […]