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Archives by Year:
Brent Crude Under Pressure Amid Supply Expansion Concerns
Brent crude oil prices have experienced significant selling pressure recently, dipping to 77.21 USD per barrel on Tuesday. Although there has been a slight recovery from earlier lows, the overall market sentiment remains bearish.Investors are reacting to recent data from OPEC, which indicates that 8 OPEC+ members plan to increase their production by 180,000 barrels […]
Major Asset Classes – August 2024 – Performance Review
US real estate investment trusts led global markets higher for a second straight month in August, based on set of ETFs representing the major asset classes. depositphotos Another performance redux: commodities were the outlier, posting the only monthly loss, echoing the setback in July.The best performer: Vanguard Real Estate ETF (VNQ), which rallied 5.2% in August, building on […]
Pound Sterling Drops Against US Dollar Ahead Of US Manufacturing PMI
The Pound Sterling (GBP) exhibits a subdued performance slightly above the crucial support of 1.3100 against the US Dollar (USD) in Tuesday’s London session. The GBP/USD pair edges lower as the US Dollar grips gains near an almost two-week high, with investors’ attention turning to the United States (US) Nonfarm Payrolls (NFP) data for August, releasing this Friday. The US Dollar […]
WTI Crude Under Pressure Amid Rising OPEC+ Supply And Mounting Global Demand Concerns
The recent pressure on WTI crude oil prices reflects a complex mix of factors weighing heavily on the market. The combination of rising supply expectations, particularly with OPEC+ members set to increase production, and growing concerns about demand, especially from key markets like China, is driving the downward trend. The drop in Chinese factory activity […]
EURUSD Forex Elliott Wave Technical Analysis – Tuesday, September 3
EURUSD Elliott Wave Analysis Trading Lounge Day Chart Euro/U.S. Dollar (EURUSD) Day ChartEURUSD Elliott Wave Technical Analysis FUNCTION: Bullish Trend MODE: Impulsive STRUCTURE: Orange wave 3 POSITION: Navy blue wave 3 DIRECTION NEXT LOWER DEGREES: Orange wave 4 DETAILS: Orange wave 2 appears complete; now, orange wave 3 is underway. Wave Cancel Invalidation Level: 1.10092 The EURUSD daily chart, analyzed using Elliott Wave principles, indicates […]
Turkish Inflation Slows, But Services Remains An Issue
With slightly better-than-expected August inflation at 2.47%, the annual figure continues to fall, to 52% from 61.8% in July. The significant drop in the headline figure is attributable to the large favourable base effect (as it was 9.09% in August 2023) associated with food and transportation despite adjustments in administered prices. Cumulative inflation in the first eight […]
Analytical Overview Of The Main Currency Pairs – Tuesday, September 3
The EUR/USD currency pairTechnical indicators of the currency pair: Prev Open: 1.1046 Prev Close: 1.1071 % chg. over the last day: +0.22 % The Eurozone Manufacturing PMI confirmed that the manufacturing sector continued to contract in Germany and France in August. Traders are betting that the ECB will cut interest rates for the second time at its September 12 […]
GBP/USD Forex Signal: Bearish Consolidation Below $1.3154
My previous GBP/USD signal on 7th August produced a profitable short trade from the bearish inside bar which rejected the resistance level I had identified at $1.2727. Today’s GBP/USD Signals Risk 0.75%. Trades may only be taken before 5pm London time Wednesday. Long Trade Ideas Long entry following a bullish price action reversal on the H1 timeframe […]
Risks Facing Bullish Investors As September Begins Conclusion
Since the end of the “Yen Carry Trade” correction in August, bullish positioning has returned with a vengeance, yet two key risks face investors as September begins. While bullish positioning and optimism are ingredients for a rising market, there is more to this story. depositphotos It is true that “a rising tide lifts all boats,” meaning that as the market rises, […]
SPDR Industrial ETF Found Buyers At The Blue Box Area
Hello fellow traders. In this technical article we’re going to take a quick look at the weekly Elliott Wave charts of SPDR Industrial ETF (XLI) , published in members area of the website. As many of our members are aware, the ETF has given us good buying opportunities recently. XLI hit our buying zone and completed a […]
