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GBP/JPY Falls To Near 185.00 Following The Remarks From BoJ’s Nagakawa, UK Economic Data

GBP/JPY Falls To Near 185.00 Following The Remarks From BoJ’s Nagakawa, UK Economic Data

GBP/JPY extends its downside for the second successive day, trading around 185.00 during the European session on Wednesday. The Japanese Yen (JPY) gains ground following the remarks from Bank of Japan (BoJ) board member Junko Nagakawa.BoJ board member Nagakawa stated that the central bank may adjust the extent of its monetary easing if the economy […]
USD/CAD Slides Below 1.3600 Amid Rebounding Oil Prices, Weaker USD Ahead Of US CPI

USD/CAD Slides Below 1.3600 Amid Rebounding Oil Prices, Weaker USD Ahead Of US CPI

The USD/CAD pair struggles to capitalize on the overnight breakout momentum through the very important 200-day Simple Moving Average (SMA) and retreats from a nearly three-week top, around the 1.3615 area touched earlier this Wednesday. Spot prices extend the steady intraday descent through the first half of the European session and drop to the 1.3590-1.3585 […]
Food And Services Prices Drive Czech Inflation

Food And Services Prices Drive Czech Inflation

Annual consumer inflation in Czechia stalled at 2.2% in August, coming in stronger than markets expected. Price increases in the food and services segment were the main sources of the surprise. Still, the inflation print will likely not prevent a further reduction in policy rates later this month. Headline inflation is close to the target, but […]
BTC/USD Forex Signal: $55,724 Looks Pivotal Today

BTC/USD Forex Signal: $55,724 Looks Pivotal Today

My previous BTC/USD signal on 5th September was not triggered, as there were no bullish bounces at key support levels when they were first reached. Today’s BTC/USD Signals Risk 0.50% per trade. Trades must be entered before 5pm Tokyo time Friday.  Long Trade Ideas Go long after a bullish price action reversal on the H1 timeframe following the next […]
Current Report: Johnson Electric

Current Report: Johnson Electric

Image Source: PixabayJohnson Electric Holdings Ltd, (JEHLY) and its subsidiaries, engage in the manufacturing and selling of electro-mechanical motion systems and solutions.The company is organized into two business units: Automotive Products Group and Industry Products Group of which Automotive Products Group contributes the vast majority of its total revenue.Its automotive products include cooling fans, electric power […]
ENS token surges after PayPal, Venmo adopt Ethereum Name Service

ENS token surges after PayPal, Venmo adopt Ethereum Name Service

Key Takeaways Ethereum Name Service’s token value increased by 7.5% following PayPal and Venmo’s adoption. Venmo and PayPal users in the US can now send crypto using readable ENS names instead of long, complex wallet addresses. Share this article ENS, the governance token of the Ethereum Name Service project, surged 7.5% to $17.8 after PayPal […]
Elliott Wave Technical Analysis : Bitcoin Crypto Price News For Wednesday, Sept 11

Elliott Wave Technical Analysis : Bitcoin Crypto Price News For Wednesday, Sept 11

Image Source: UnsplashElliott Wave Analysis TradingLounge Daily ChartBitcoin / U.S. dollar(BTCUSD)BTCUSD Elliott Wave Technical AnalysisFunction: Counter TrendMode: CorrectiveStructure: Double Correctiveposition: Wave ((Y))Direction Next higher Degrees: wave IVWave Cancel invalid level: Details: The decline of wave IV is likely to end and the price is re-entering the uptrend.Bitcoin / U.S. dollar(BTCUSD)Trading Strategy: It looks like the wave IV correction is […]
US Bitcoin ETFs hit $117M in daily inflows, Ether ETFs back in green

US Bitcoin ETFs hit $117M in daily inflows, Ether ETFs back in green

Key Takeaways Spot Bitcoin ETFs collectively captured $117 million in net inflows on Tuesday. BlackRock’s iShares Bitcoin Trust sees stagnation, no new capital since late August. Share this article Roughly $117 million was pumped into US spot Bitcoin exchange-traded funds (ETFs) in Tuesday trading, while the group of nine spot Ethereum ETFs was back in […]
Oil Facing Physical Shortage Crisis: API Crude Draws 9 Of Past 10 Weeks As Cushing Hits Tank Bottoms

Oil Facing Physical Shortage Crisis: API Crude Draws 9 Of Past 10 Weeks As Cushing Hits Tank Bottoms

Image Source: UnsplashIt was very much a given that ahead of tonight’s debate between Donald Trump and Kamala Harris, the one variable that the state does control – the price of oil – will move in the direction that gives its preferred candidate the biggest benefit, and sure enough oil plunged more than 3%, dropping to […]
Nasdaq 100 & S&P 500 Elliott Wave Update – Tuesday, Sept 10

Nasdaq 100 & S&P 500 Elliott Wave Update – Tuesday, Sept 10

Image Source: UnsplashFirst – sorry for the delay in getting today’s update posted. Second, I discuss the current markets having for the last 5 days produced a high-volume rallies off the opening followed by rejection declines producing bearish engulfing candles. Today’s late rallies have put both the NQ and ES within “spitting distance” of moving above […]