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USD/JPY Forecast: Japanese Yen Remains Under Pressure

USD/JPY Forecast: Japanese Yen Remains Under Pressure

The Japanese yen rose to around 149.3 against the US dollar on Thursday, but remained close to an 11-week low as investors reacted to disappointing trade figures. The data showed that Japan’s trade balance swung to a deficit in September as exports unexpectedly fell, while import growth slowed. On the monetary policy front, Bank of […]
AUD/USD Forex Signal: Bears Prevail Ahead Of US Retail Sales Data

AUD/USD Forex Signal: Bears Prevail Ahead Of US Retail Sales Data

Bearish view Sell the AUD/USD pair and set a take-profit at 0.6585. Add a stop-loss at 0.6755. Timeline: 1-2 days.  Bullish view Buy the AUD/USD pair and set a take-profit at 0.6750. Add a stop-loss at 0.6585.  The AUD/USD pair’s crash continued its downward trend ahead of key US economic data. It retreated to a […]
Are Reports Of Small-Cap Stocks’ Revival Prospects Premature?

Are Reports Of Small-Cap Stocks’ Revival Prospects Premature?

The rally in recent days of the Russell 2000 Index, a widely followed benchmark of small-cap shares, has revived hope anew that this slice of the equity market is finally set to recover after a long stretch of underperformance. But we’ve been here before, multiple times in recent years. Is this time different? Maybe, but […]
Elliott Wave Technical Analysis: Titan Company

Elliott Wave Technical Analysis: Titan Company

TITAN COMPANY – TITAN (1D Chart) Elliott Wave Technical AnalysisFunction: Counter Trend (Intermediate Degree, Orange)Mode: CorrectiveStructure: Impulse within larger degree Corrective WavePosition: Minor Wave 2 GreyDetails: The stock might have carved a top around 3920 earlier. Furthermore, an impulse drop is seen to complete just above 3000 mark followed by a corrective rally through 3780-3870. The […]
US Dollar Turns Flat Ahead Of Important ECB Meeting With All Eyes On Lagarde

US Dollar Turns Flat Ahead Of Important ECB Meeting With All Eyes On Lagarde

The US Dollar (USD) adds to gains for a fifth consecutive day when looking at the US Dollar Index (DXY), which can be seen as the benchmark for the Greenback’s performance. China’s Housing Minister said on  Thursday that the country will open a 4 trillion Yuan (CNY) funding to support its domestic housing market, a […]
Russell 2000 Breaks To New Highs

Russell 2000 Breaks To New Highs

The Russell 2000 (IWM) joined the S&P as managed to push to a new closing high (although just shy of a new all-time high). This has been a 3-year journey for the index, and marks an important milestone as part of the secular bull market continuation – which kicked off in 2012 – but started […]
Gold Forecast: Gold Retreats From Recent All-Time High

Gold Forecast: Gold Retreats From Recent All-Time High

During my analysis of the gold market, the first thing that I notice is that we touched the $2685 level, an area that previously was the swing high and the all-time high in the market, but we did retreat from there. When we opened up the trading session on Wednesday, it looked like we were […]
EUR/JPY Consolidates Near 162.50 With ECB Policy On The Horizon

EUR/JPY Consolidates Near 162.50 With ECB Policy On The Horizon

The EUR/JPY pair trades in a tight range around 162.50 in Thursday’s European session. The cross consolidates as investors have sidelined ahead of the European Central Bank’s (ECB) interest rate decision, which will be announced at 12:15 GMT.The ECB is widely anticipated to reduce the Rate on Deposit Facility by 25 basis points (bps) to 3.25%. This […]
Canada Debates Whether To Supersize Rate Cuts

Canada Debates Whether To Supersize Rate Cuts

Image source: Pixabay  A fourth consecutive Bank of Canada rate cut is expected, but the market senses it will accelerate the move towards neutral policy rates with a 50bp step change. Inflation is finally below target and unemployment is trending higher, but the economy is still growing. We narrowly favour the BoC sticking with 25bp increments, […]
BTC/USD Signal: Bitcoin Price Rally Gains Steam

BTC/USD Signal: Bitcoin Price Rally Gains Steam

Bullish view Buy the BTC/USD pair and set a take-profit at 72,000. Add a stop-loss at 65,000. Timeline: 1-2 days. Bearish view Sell the BTC/USD pair and set a take-profit at 65,000. Add a stop-loss at 72,000. Bitcoin continued its strong uptrend as the crypto fear and greed index rose to the greed zone of […]