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USD/TRY Forecast: Lira Extends Losses

USD/TRY Forecast: Lira Extends Losses

Signals for the Lira Against the US Dollar Today Risk 0.50%. Bullish Entry Points: Open a buy order at 32.25. Set a stop-loss order below 33.00. Move the stop-loss to the entry point and follow the profit with a price movement of 50 pips. Close half the contracts at a profit of 70 pips and […]
Black Monday: Futures Plummet As VIX Hits 62, Japan Suffers Worst Point Drop In History

Black Monday: Futures Plummet As VIX Hits 62, Japan Suffers Worst Point Drop In History

Good morning and welcome to a global market meltdown, sparked by last week’s catastrophic BOJ decision to hike rates by 0.15bps which in turn crushed the $20 trillion yen carry trade, sent the yen exploding higher and wiping out trillions in highly levered investments, leading to a cascade of selling and forced liquidations which has […]
Elliott Wave Technical Analysis: Nvidia Corp. – Monday, Aug. 5

Elliott Wave Technical Analysis: Nvidia Corp. – Monday, Aug. 5

Image Source: Unsplash  NVDA Elliott Wave Analysis Trading Lounge Daily Chart,NVIDIA Corp., (NVDA) Daily Chart NVDA Elliott Wave Technical AnalysisFUNCTION: Counter TrendMODE: Corrective STRUCTURE: Zigzag POSITION: Intermediate wave (A).    DIRECTION: Downside within wave (A).  DETAILS: Looking for a top in wave (5), as we seem to have failed to find support on top of MG1 of 100$. Looking for a clear break and retest of TL1 at 100$ to have additional […]
Bear Of The Day: American Airlines 
                    
 
 
 
 
 
Bottom Line

Bear Of The Day: American Airlines           Bottom Line

Company OverviewZacks Rank #5 (Strong Sell) stock American Airlines (AAL) serves as a premier commercial airline in the United States offering travel options for both passengers and cargo. Being among the top airlines globally, it runs a system of flights within the country and abroad, linking various cities worldwide. The company provides travel services such as flight […]
Why The Carry Trade Matters

Why The Carry Trade Matters

What is the Carry Trade (and why does it matter)? Lance explains the mechanics of carry trades and yield spreads, and why the Japanese Yen and U.S. Dollar behaviors are causing an unwinding of that carry trade, and when margins go wrong. Reality check: The markets are fine. Markets have been spooked by some unexpected, […]
Sensex Today Tanks 2,222 Points; Nifty Ends Below 24,100

Sensex Today Tanks 2,222 Points; Nifty Ends Below 24,100

After opening on a negative note, Indian share markets Slipped further as the session progressed and ended the day weak.Indian bourses retreated heavily on Monday tracking losses in the global peers. The Sensex plunged to a low of 78,296, and the Nifty hit a low of 23,894.At the closing bell, the BSE Sensex stood lower by 2,222 points […]
Bitcoin funds see $400 million outflows amid recession fears

Bitcoin funds see $400 million outflows amid recession fears

Key Takeaways Digital asset investment products saw $528 million in outflows, the first decline in 4 weeks. Ethereum products faced $146 million in outflows, with new US ETFs gaining $430 million while Grayscale lost $603 million. Bitcoin (BTC) funds saw outflows of $400 million as crypto exchange-traded products (ETP) experienced outflows of $528 million last […]
Who Better Predicted The Transitory Inflation Surge Of 2021-24?

Who Better Predicted The Transitory Inflation Surge Of 2021-24?

Consumers, CEO’s, or economists?Figure 1: Year-on-Year CPI inflation (bold black line), corresponding 1 year ahead inflation expectation from NY Fed consumer survey (blue line), from Coibion-Gorodnichenko firm survey (red triangle), from Survey of Professional Forecasters (teal squares). NBER defined peak-to-trough recession dates shaded gray. Source: BLS via FRED, NY Fed, Cleveland Fed, Philadelphia Fed, NBER. The forecast […]
Risks To Financial Stability Fan Speculation Of Emergency Rate Cuts

Risks To Financial Stability Fan Speculation Of Emergency Rate Cuts

Image Source: Pixabay  Overview: The Black Monday talked about over the weekend has materialized. Japanese equity indices more than 12% today. The Nikkei is off around 26.5% form the high set on July 11. Taiwan and South Korean equities were tagged for more than 8% in a sea of red that spared no one. Europe’s Stoxx 600 […]
Turkey Sees Big Drop In Annual Inflation On Base Effects But July Prices Remain High

Turkey Sees Big Drop In Annual Inflation On Base Effects But July Prices Remain High

Annual inflation continued to trend down in July helped by supportive base effects. The drop came despite revisions to the special consumption tax (SCT) and administrative price adjustments as well as upward pressure on food prices. depositphotos Following the Central Bank of Turkey’s warning related to a temporary rise in July inflation due to “adjustments in administered prices […]