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Powell’s Keynote Bitcoin ETF Developments And Gold’s Record High

Powell’s Keynote Bitcoin ETF Developments And Gold’s Record High

Federal Reserve Chair Jerome Powell’s upcoming speech at the Jackson Hole Economic Policy Symposium in Wyoming is anticipated to clarify interest rate trends, amid a volatile market recovery. Despite recent mixed economic data, including strong retail sales and a weak jobs report, investors are looking to Powell’s address to gauge potential rate cuts. The stock […]
Gold Hits New Record High, Crossing Above $2500

Gold Hits New Record High, Crossing Above $2500

Gold surpasses $2,500 for first time in history 20% – bullion’s YTD performance Safe-haven demand up due to global tensions Jackson Hole speech key to XAUUSD outlook Gold surged past $2,500 an ounce for the first time, driven by expectations that the US Federal Reserve may soon cut interest rates.Spot gold rose by 2.2% on Friday, surpassing the previous […]
Dollar Reserves Have Dropped By 14 Percent Since 2002

Dollar Reserves Have Dropped By 14 Percent Since 2002

By Mike Maharrey, Money Metals ExchangeDollar dominance is slowly ebbing as the world looks to diversify away from the greenback.The share of dollars making up global reserves has dropped by 14 percent since the turn of the century, according to data compiled by the Atlantic Council. As of 2002, dollars accounted for 72 percent of global […]
Silver Price Analysis: Short-term Rising But RSI Exits Overbought

Silver Price Analysis: Short-term Rising But RSI Exits Overbought

Silver (XAG/USD) is posting higher highs and higher lows as it rises up on the 4-hour chart. This suggests the commodity is probably in a short-term uptrend, and because “the trend is your friend” the odds favor a continuation of that trend higher. Silver 4-hour Chart  Silver has just broken above a key long-term support and resistance level at […]
The Dollar Index Could Soon Fall To A New Annual Low

The Dollar Index Could Soon Fall To A New Annual Low

Dollar index chart analysisThis morning, the dollar Index retreated to the 102.00 level. A strong bearish consolidation at the opening of the Asian session immediately attacked the dollar and pushed it to a new low. This decline brought the index down to its value on January 5 this year, which put it within reach of […]
The Energy Report: Decisive Moments

The Energy Report: Decisive Moments

The world is reaching decisive moments as the presumptive democratic presidential nominee pushes price controls and a potential ‘decisive moment’ for peace in the Middle East. We have a big show with peace talks in Israel and the start of the Democratic Convention in Chicago where Kamala Harris has to back off of her previous […]
Elliott Wave Technical Analysis: New Zealand Dollar/U.S. Dollar – Monday, Aug. 19

Elliott Wave Technical Analysis: New Zealand Dollar/U.S. Dollar – Monday, Aug. 19

NZDUSD Elliott Wave Analysis – Trading Lounge Day Chart New Zealand Dollar/ U.S. Dollar (NZDUSD) Day ChartNZDUSD Elliott Wave Technical AnalysisFunction: Trend Mode: Impulsive Structure: Orange Wave 3 Position: Navy Blue Wave 1 Direction Next Higher Degrees: Orange Wave 3 (continue) Details: Orange Wave 2 appears completed; now, Orange Wave 3 of 1 is in play. Wave Cancel Invalid Level: 0.58511The NZDUSD daily chart, analyzed […]
Will Last Week’s Upbeat Economic Data Delay Rate Cuts?

Will Last Week’s Upbeat Economic Data Delay Rate Cuts?

US recession risk appeared to ease in the wake of last week’s encouraging updates for retail sales and jobless claims. Will the better-than-expected numbers delay the widely expected rate cut that markets are pricing in for the Federal Reserve’s Sep. 18 policy meeting?Judging by current market conditions, along with CapitalSpectator.com’s proprietary modeling, there’s a persuasive case that […]
Oil And Bond Yields Are Tied At The Hip

Oil And Bond Yields Are Tied At The Hip

Over the last year or so, crude oil and ten-year U.S. Treasury bond yields have been highly correlated. The graph on the left shows how oil and bond yields have moved step for step with each other. However, as we highlight with circles, it’s worth noting that short-term trend changes in crude oil prices have […]
How To Invest In Stocks For Beginners: Strike Hard, But Stay Smart

How To Invest In Stocks For Beginners: Strike Hard, But Stay Smart

Introduction: The Art of Calculated AggressionInvesting in stocks is not for the faint of heart, but it’s also not a game of reckless abandon. The key to success lies in striking a delicate balance between bold action and prudent caution. As the legendary trader Jesse Livermore once said, “The game of speculation is the most uniformly […]