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Gold Price Trades With Modest Gains Below $2,500 As Traders Await Powell’s Speech

Gold Price Trades With Modest Gains Below $2,500 As Traders Await Powell’s Speech

Aug 22, 2024 Finance 0

Image Source: Pixabay Gold price edges higher and moves away from the weekly low touched on Thursday. Dovish Fed expectations prompt fresh USD selling and continue to act as a tailwind. Geopolitical risks further act as a tailwind ahead of Fed Chair Jerome Powell’s speech. Gold price (XAU/USD) fell more than 1% on Thursday as bulls opted […]
2 Up And Coming Technology Services Companies To Invest In Now

2 Up And Coming Technology Services Companies To Invest In Now

Aug 22, 2024 Finance 0

Image Source: PixabayTM Editors’ note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence.The business services sector is starting to stand out among the Zacks Rank #1 (Strong Buy) list with 19 stocks in the space receiving strong buy ratings.Several of these highly ranked business services […]
Markets Take A Breather Ahead Of Jackson Hole Address

Markets Take A Breather Ahead Of Jackson Hole Address

Aug 22, 2024 Finance 0

Image Source: PixabayMarket indexes started the trading session in the green this morning, but steadily ran out of steam as the day wore on. Once afternoon lows had been established in the Dow and S&P 500, they leveled off through the close, while the Nasdaq and the small-cap Russell 2000 dwindled further. We’ve gotten back roughly to […]
Financial Markets Report For Thursday, Aug 22

Financial Markets Report For Thursday, Aug 22

Aug 22, 2024 Finance 0

Image Source: PixabayIn this video, Ira Epstein reviews the activity in the Financial Markets after the day that just ended, Thursday, August 22.Video Length: 00:17:58More By This Author:SPDR ETF Report For Wednesday, Aug 21Financial Markets Report For Wednesday, Aug 21Metal Markets Report For Tuesday, Aug 20
Nasdaq 100 & S&P 500 Elliott Wave Update – Thursday, Aug 22

Nasdaq 100 & S&P 500 Elliott Wave Update – Thursday, Aug 22

Aug 22, 2024 Finance, No picture 0

Image Source: UnsplashThe markets revealed some needed information as to the “flows” and direction. Both the ES and NQ reached new highs for the current sequences.  Acceptable resistance was met to complete the sequences up to and including the minute degree in both the preferred and alternate counts.Included in tonight’s update – updated labeling and Fibonacci […]
Market Risks And Rewards: Opportunities Up And Down

Market Risks And Rewards: Opportunities Up And Down

Aug 22, 2024 Finance, No picture 0

Image Source: PexelsWidening candles and patterns can be a wild ride, challenging both bulls and bears alike, but with the right trade positioning, we can capitalize on opportunities from both directions.In today’s video, we’ll explore how these volatile conditions could actually work in our favor. We’ll also take a closer look at some of the worsening […]
Asia Week Ahead: A Week Of Upbeat Data Beckons

Asia Week Ahead: A Week Of Upbeat Data Beckons

Aug 22, 2024 Finance 0

Image Source: Pixabay Japan: Data dump in the week ahead  It’s the usual end-of-month data dump week in Japan. We expect the data overall to point to a recovery, and so we think the Bank of Japan will continue on its path to policy normalisation. However, the BoJ will likely normalise policy at a slightly slower pace than […]
USD/CAD Trades With Mild Losses Near 1.3600, All Eyes On Fed Chair Powell’s Speech

USD/CAD Trades With Mild Losses Near 1.3600, All Eyes On Fed Chair Powell’s Speech

Aug 22, 2024 Finance 0

Photo by Michelle Spollen on Unsplash USD/CAD weakens near 1.3605 in Wednesday’s early Asian session.  US S&P Global PMI was stronger than expected in August’s flash estimate.  Markets expect the BoC to cut the rate by 25 bps for the remaining monetary meetings of the year. The USD/CAD pair trades softer around 1.3605 during the early Asian session […]
Gold Falls Overriding Dovish Fed Signals Ahead Powell Speech

Gold Falls Overriding Dovish Fed Signals Ahead Powell Speech

Aug 22, 2024 Finance 0

Image Source: Pixabay Gold retreats from a record high of $2,531 as US Treasury yields rise, with the 10-year note up 6.5 bps to 3.865%. US data shows mixed signals, with higher jobless claims and solid business activity despite ongoing manufacturing contraction. Fed Minutes hint at potential rate cut in September, but stronger US Dollar pressures […]
GBP/USD Rally Grinds To A Halt, But Downside Remains Limited

GBP/USD Rally Grinds To A Halt, But Downside Remains Limited

Aug 22, 2024 Finance 0

Photo by Colin Watts on Unsplash GBP/USD managed to eke out a fresh 13-month high before falling back. Cable ended Thursday where it started, trading on the north side of 1.3000. UK PMI figures improved across the board, but mixed US PMIs spark risk aversion. GBP/USD tipped into another fresh 13-month peak on Thursday, climbing to 1.3130 before […]