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WTI Price Analysis: Struggles Below $74.00, Seems Vulnerable To Slide Further

WTI Price Analysis: Struggles Below $74.00, Seems Vulnerable To Slide Further

WTI drifts into negative territory for the fourth straight day on Tuesday. Demand concerns weigh on the commodity amid a notable USD demand. The worsening Middle East crisis might help limit losses for the black liquid.  West Texas Intermediate (WTI) US crude Oil prices attract fresh sellers following an intraday uptick to the $74.00/barrel mark and turn […]
Market Briefing For Tuesday, August 6

Market Briefing For Tuesday, August 6

Demands for liquidity from the Fed are premature, ditto ’emergency’ rate cuts. In this case there ‘is’ a liquidity challenge with the Carry-Trade since Japan hiked rates, however that doesn’t mean the Fed should ‘rush to cut’. depositphotos  In fact, Bitcoin (BITCOMP) collapsed again, likely reflecting absence of zero-cost buying via Tokyo financing. Just a thought: ‘crypto’s’ break points to […]
Sensex Today Rallies 1,000 Points; Nifty Above 24,300

Sensex Today Rallies 1,000 Points; Nifty Above 24,300

After Monday’s mayhem, global markets mainly Asian were seen quoting with astounding gains in early deals, with Japan’s Nikkei up nearly 11 percent at the highest point of the day.Wall Street’s main indexes slumped on Monday as fears of the United States tipping into recession following weak economic data last week rippled through global markets.Here’s […]
AUD/USD Forex Signal: Sharp Rebound From 8-Month Low Price

AUD/USD Forex Signal: Sharp Rebound From 8-Month Low Price

My previous signal on 5th August was not triggered, as the price did not reach any of the key levels after I published the signal.Today’s AUD/USD Signals Risk 0.75% Trades must be taken before 5pm Tokyo time Wednesday. Short Trade Ideas Go short following a bearish price action reversal on the H1 time frame immediately […]
EUR/GBP Extends Upside Above 0.8550 Ahead Of Eurozone Retail Sales Data

EUR/GBP Extends Upside Above 0.8550 Ahead Of Eurozone Retail Sales Data

 Image Source: Unsplash   EUR/GBP trades in positive territory for the fourth consecutive day around 0.8575 in Tuesday’s early European session. German Factory Orders climbed 3.9% MoM in June vs. -1.6% prior, better than expected.  BoE’s Bailey said the central bank must be careful about further rate cuts, while investors bet on more rate cuts before […]
BTC/USD Forex Signal: Bitcoin Takes A Hit As Momentum Ends

BTC/USD Forex Signal: Bitcoin Takes A Hit As Momentum Ends

Bullish view Buy the BTC/USD pair and set a take-profit at 58,000. Add a stop-loss at 49,500. Timeline: 1-2 days. Bearish view Sell the BTC/USD pair and set a take-profit at 49,500. Add a stop-loss at 58,000. Bitcoin and other cryptocurrencies continued their downward trend as a sense of fear continued in the crypto industry. […]
FX Daily: Dollar May Be Left Wounded After Equity Stabilization

FX Daily: Dollar May Be Left Wounded After Equity Stabilization

Image Source: Unsplash  Japanese equities are leading a potential global rebound this morning. That may lead to a stronger USD as markets price out some stock-induced Fed easing. But barring a US CPI surprise next week, the USD rate appeal appears compromised, and we expect a softer dollar against pro-cyclical FX after the dust has settled. The […]
Elliott Wave Technical Analysis: Euro/U.S. Dollar – Tuesday, Aug. 6

Elliott Wave Technical Analysis: Euro/U.S. Dollar – Tuesday, Aug. 6

Image Source: Pexels  EURUSD Elliott Wave Analysis Trading Lounge Day ChartEuro/ U.S. Dollar (EURUSD) Day ChartEURUSD Elliott Wave Technical AnalysisFunction: Trend Mode: Impulsive Structure: Orange wave 3 Position: Navy blue wave 3 Direction Next Lower Degrees: Orange wave 4 Details: Orange wave 2 looking completed, now orange wave 3 is in play. Wave cancel invalid level: 1.07780The EURUSD Elliott Wave Analysis for the daily […]
Metal Markets Report For Monday, Aug 5

Metal Markets Report For Monday, Aug 5

Image Source: PixabayIn this video, Ira Epstein reviews the day’s trading in the gold and other relevant metal markets.Video Length: 00:10:05More By This Author:SPDR ETF Report For Monday, Aug 5Financial Markets Report For Monday, Aug 5VIX Surges: The Surprising Effects On You And The Market
Buy & Hold Forever: Target Corporation

Buy & Hold Forever: Target Corporation

Image Source: UnsplashTarget (TGT) is a Dividend King with a solid yield, consistent dividend growth, and high expected returns in the coming years. The company is a discount retail giant, with a market capitalization of $70 billion.Today, it operates approximately 1,950 stores in the US, as well as an e-commerce business. It has a diverse product […]