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Analytical Overview Of The Main Currency Pairs – Friday, October 4

Analytical Overview Of The Main Currency Pairs – Friday, October 4

The EUR/USD currency pair Technical indicators of the currency pair: Prev. Open: 1.1043 Prev. Close: 1.1031 % chg. over the last day: -0.11 % The euro fell to a three-week low as weak Eurozone data and inflation below the ECB’s 2% target increased expectations of a rate cut. Markets believe there is a 95% chance of […]
Polymarket bettors favor Len Sassaman as Satoshi in HBO documentary

Polymarket bettors favor Len Sassaman as Satoshi in HBO documentary

Key Takeaways HBO’s latest documentary could link Len Sassaman to Bitcoin’s creation, Polymarket traders believe. Polymarket shows mixed bettor confidence on Satoshi’s definitive identity reveal. Share this article Bettors on Polymarket favor Len Sassaman over Hal Finney as the potential Satoshi in HBO’s upcoming documentary. Sassaman currently leads the poll with a 49% chance while […]
Hot Jobs

Hot Jobs

It seems that Powell is enjoying a “heads, I win, tails, you lose” market.One would think that a very strong jobs report, with upward revisions to past data, would splash all kinds of cold water on Powell’s plans.And, judging from how bonds are reacting, it certainly seems that a steady slashing of interest rates at an aggressive pace might not be panning […]
September: Very Much A “soft Landing” Jobs Report. But Will The Fed Use This To Fall Behind The Curve Again?

September: Very Much A “soft Landing” Jobs Report. But Will The Fed Use This To Fall Behind The Curve Again?

Especially in view of the relative weakness in the jobs report for the past few months, my focus continues to be on whether jobs gains are most consistent with a “soft landing,” i.e., no further deterioration, or whether there is further decline towards a recession.  For this month at least, the verdict was clear: both the Establishment […]
USD/JPY Price Forecast: Breaks Higher, Extends Counter-Trend Recovery Rally

USD/JPY Price Forecast: Breaks Higher, Extends Counter-Trend Recovery Rally

USD/JPY breaks clearly above the 147.24 October 3 high on an intraday basis which suggests a continuation of the short-term uptrend with a tentative target at 149.40, the August 15 high.   USD/JPY Daily Chart  The strong bullish momentum since the August bottom, as measured by the Moving Average Convergence Divergence (MACD) indicator could indicate the start […]
NTPC – NTPC Stocks Elliott Wave Technical Analysis – Friday, October 4

NTPC – NTPC Stocks Elliott Wave Technical Analysis – Friday, October 4

NTPC – NTPC (1D Chart) Elliott Wave Technical AnalysisFunction: Larger Trend Higher (Intermediate degree Wave (5), orange)Mode: MotiveStructure: ImpulsePosition:, Minute Wave ((v)) NavyDetails: Minute Wave ((v)) Navy, is progressing higher towards 455, within Minor Wave 5 of Intermediate Wave (5) Orange. Alternatively, Wave 5 could be complete around 448-50. Traders may tighten risk to 386.Invalidation point: 386NTPC […]
Oil Prices Could Surge By $20 As Tensions In Iran Escalate, Warns Goldman Sachs

Oil Prices Could Surge By $20 As Tensions In Iran Escalate, Warns Goldman Sachs

Global oil markets are on edge as Goldman Sachs cautions that crude prices could skyrocket by $20 per barrel if Iranian oil production suffers from potential Israeli retaliation following heightened regional tensions.US crude futures surged by 5% on Thursday, with continued upward momentum on Friday, driven by concerns that Israel might strike Iran’s oil sector.This […]
Crude Oil Posts Fresh Monthly High As Markets Weigh Up Likelihood Of Fresh Escalation In Middle East

Crude Oil Posts Fresh Monthly High As Markets Weigh Up Likelihood Of Fresh Escalation In Middle East

Crude Oil heads into its fourth straight day of gains for this week, accumulating more than 8% price rise since its opening on Monday. With tensions not easing in Lebanon, more risk is being priced in after headlines emerged that Israel was seeking green light from the Biden administration to target Oil installations in Iran. Concerns about […]
FTSE 100 (UK) Index Elliott Wave Technical Analysis 8

FTSE 100 (UK) Index Elliott Wave Technical Analysis 8

FTSE 100 (UK) Elliott Wave Analysis – Trading Lounge Day ChartFTSE 100 (UK) Elliott Wave Technical Analysis Function: Bullish Trend Mode: Impulsive Structure: Gray Wave 3 Position: Orange Wave 5 Direction: North Next Higher Degrees: Gray Wave 3 (started) Details: Gray Wave 2 appears completed. Gray Wave 3 is now active. Wave Cancelation Level: 7,920.18The FTSE 100 Elliott Wave Analysis for the daily chart outlines a bullish trend, […]
XRP Price Stabilizes After Losses: Can Bulls Regain Momentum?

XRP Price Stabilizes After Losses: Can Bulls Regain Momentum?

XRP price extended losses and tested the $0.5080 support level. The price is now consolidating and might aim for a recovery toward the $0.580 resistance. XRP price declined further below the $0.5250 zone. The price is now trading below $0.5450 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with […]