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Solana And Cardano: Cardano Moved To A New Weekly High

Solana And Cardano: Cardano Moved To A New Weekly High

Solana chart analysisThe price of Solana fell to $138.80 yesterday, a new weekly low. A quick consolidation from that level triggered a recovery to $144.00. In this zone, the price met the EMA 200 moving average, which was a resistance to our advance to the bullish side. Another pullback followed this morning, but this time […]
Kamala Harris’ support for crypto growth gets validation from Coinbase’s policy chief

Kamala Harris’ support for crypto growth gets validation from Coinbase’s policy chief

Key Takeaways Coinbase CPO confirms Harris team’s constructive approach to crypto innovation. Harris campaign ramps up crypto support with “Crypto for Harris” events and positive statements. Share this article A potential friendly stance on crypto by US presidential candidate Kamala Harris was confirmed by Coinbase’s Chief Policy Officer (CPO) Faryar Shirzad. In an X post […]
The Dollar And Rates Come Back Firmer

The Dollar And Rates Come Back Firmer

Image Source: Unsplash  Overview:  The US dollar’s decline continued yesterday after the steep jobs’ revision and an unusual solid auction of the Treasury’s 20-year bond. The minutes from the recent meeting confirmed that the FOMC will begin its easing cycle next month. The dollar is mostly firmer today. The market has looked through the stronger than expected […]
Setting Up For Volatility

Setting Up For Volatility

S&P 500 and many intraday whipsaws for bulls and bears – over 800K job market data downward revision was celebrated, Treasury auction barely noticed, and Fed minutes turning out a pump and dump. I choose the intraday breakdown rejection (no 5,615 and below) as the most technically important move in the run up to PMI […]
ECB Minutes Keep Door Open For A September Cut Without Any Pre-Commitment

ECB Minutes Keep Door Open For A September Cut Without Any Pre-Commitment

The just-released minutes of the European Central Bank’s July meeting keep the door open for a September rate cut but without any pre-commitment.July’s ECB minutes reflected the image of a central bank that has grown more cautious on both the growth and inflation outlookRemember that at the July meeting, ECB President Christine Lagarde sounded more […]
Elliott Wave Technical Forecast : ASX Limited Stock Analysis

Elliott Wave Technical Forecast : ASX Limited Stock Analysis

ASX: ASX LIMITED – ASX  Elliott Elliott Wave Technical Analysis TradingLounge (1D Chart)Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) ASX LIMITED – ASX . We see ASX LIMITED could soon move higher with wave ((iii))-navy.ASX: ASX LIMITED – ASX  Elliott Wave Technical Analysis  ASX: ASX LIMITED – ASX  1D Chart (Semilog Scale) AnalysisFunction: Major (Minor degree, gray)  Mode: Motive  Structure: Impulse  Position: Wave (ii)-orange of Wave ((iii))-navy of Wave 3-grey   Details: Wave ((iii))-navy may be unfolding to push higher, however its wave (ii)-orange has now retraced deeply, so the bullish view is losing strength. I would like to see price continue to push higher in the next few days to confirm this view. Otherwise, the alternative scenario, i.e. wave ((ii))-navy is actually longer than expected, is unfolding. We may have a Long Trade Setup coming up with Medium Level 65.00. Invalidation point: 61.06ASX: ASX LIMITED – ASX  Elliott Wave Technical Analysis TradingLounge (4-Hour Chart)ASX: ASX LIMITED – ASX  Elliott Wave Technical Analysis ASX: ASX LIMITED – ASX  4-Hour Chart AnalysisFunction: Major Trend (Minute degree, navy)  Mode: Motive   Structure: Impulse  […]
Fed Minutes Back Up Market Sentiment

Fed Minutes Back Up Market Sentiment

Image Source: Pixabay  The Fed is out in front in the rate cut race. The rates market now sees four cuts by year end after BLS slashed 818k jobs from initial reports in an annual revision. We’ve seen more US Dollar selling and ongoing demand for US equities as a result.Video Length: 00:01:00More By This Author:US […]
Less Than Useful Data: The Real-World Costs Of Bad Data

Less Than Useful Data: The Real-World Costs Of Bad Data

Image Source: Pexels  The Federal Reserve has a tough job. It must use monetary policy to achieve two goals for the U.S. economy: stable prices and maximum employment.Doing its job requires Federal Reserve officials to pay close attention to a lot of data, which ideally, would be of high quality. After all, both jobs and the control of […]
Polish Retail Trade Stalls As Consumption Remains Key Growth Driver

Polish Retail Trade Stalls As Consumption Remains Key Growth Driver

Image source: Pixabay  Retail sales growth fell short of market expectations in Poland as consumers remain frugal and refrain from purchases that could be postponed or are not necessary or urgent. Still, with robust growth in real disposable incomes, households have the resources to increase their spending while still rebuilding savings.Polish retail sales of goods rose by […]
EUR/USD Hits New Yearly High As The US Dollar Faces Significant Pressure

EUR/USD Hits New Yearly High As The US Dollar Faces Significant Pressure

Image Source: Unsplash  The EUR/USD pair has surged to levels not seen since December 2023, with the US dollar under intense strain. Discover more insights in our analysis as of August 22, 2024.  EURUSD Forecast: Key Trading Highlights EUR/USD Continues Its Upward Momentum US Dollar Weakens Rapidly Due to Dovish Federal Reserve Tone and Mixed Employment […]