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Unlocking ASX Trading Success: CSL Limited – Friday, Oct. 18

Unlocking ASX Trading Success: CSL Limited – Friday, Oct. 18

ASX: CSL LIMITED – CSLElliott Elliott Wave Technical Analysis TradingLounge (1D Chart)Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with CSL LIMITED – CSL. We see bullish potential with wave iii-grey, but need to wait a bit until wave ii-grey ends.ASX: CSL LIMITED – CSL1D Chart (Semilog Scale) AnalysisFunction: Major trend (Minute degree, navy)Mode: MotiveStructure: […]
Sensex Today Tanks 550 Points; Nifty Below 24,600

Sensex Today Tanks 550 Points; Nifty Below 24,600

Asian markets traded mixed on Friday following overnight gains on Wall Street and ahead of key economic data from China.Japan’s Nikkei 225 rose 0.5%, while the Topix gained 0.34%.US stock market ended mostly higher on Thursday after strong retail sales data, with the Dow Jones registering its fourth record close in the last five sessions.Here’s […]
EUR/JPY Holds Ground Around 162.50, Downside Risks Emerge After Verbal Interventions

EUR/JPY Holds Ground Around 162.50, Downside Risks Emerge After Verbal Interventions

 Image Source: Unsplash   EUR/JPY remains steady with downside risks amid verbal intervention from Japanese authorities. Japan’s Atsushi Mimura stated that recent Yen movements have been “somewhat rapid and one-sided.” The Euro faced challenges as the ECB reduced its Rate on Deposit Facility to 3.25%. The EUR/JPY pair remains stable around 162.60 during early European trading on […]
That Perfect Balance For The US Economy

That Perfect Balance For The US Economy

Image Source: Pixabay  Things continue to look up for the US economy following Thursday’s round of impressive data in the form of retail sales and initial jobless claims. Looking ahead, key standouts on Friday’s calendar come from UK retail sales, the Eurozone current account, US housing starts and building permits, and Fed speak.Video Length: 00:01:29More By […]
Yen Slides Past 150 Per Dollar: Japan On High Alert For Further Declines Amid Economic Uncertainty

Yen Slides Past 150 Per Dollar: Japan On High Alert For Further Declines Amid Economic Uncertainty

 Image Source: Pixabay   Japan’s currency official cautioned about the yen weakening beyond 150 per dollar. Analysts believe the yen could drop to 160 per dollar due to strong US economic data. Prime Minister Shigeru Ishiba stated Japan isn’t ready for more rate hikes, while the Fed may cut rates twice Japan’s currency officials have issued […]
Dogecoin soars 10% as Elon Musk unveils D.O.G.E initiative in first campaign swing for Trump

Dogecoin soars 10% as Elon Musk unveils D.O.G.E initiative in first campaign swing for Trump

Key Takeaways Elon Musk’s introduction of D.O.G.E at a Trump rally led to a 10% increase in Dogecoin’s value. Musk’s campaign contributions are seen as a major influence on Dogecoin’s market performance. Share this article Dogecoin was up around 10% after Elon Musk unveiled his “Department of Government Efficiency” (D.O.G.E) during his first campaign swing […]
Metal Markets Report For Thursday, Oct 17

Metal Markets Report For Thursday, Oct 17

Image Source: PixabayIn this video, Ira Epstein reviews the day’s trading in the gold and other relevant metal markets.Video Length: 00:10:37More By This Author:SPDR ETF Report For Thursday, Oct 17Financial Markets Report For Thursday, Oct 17Metal Markets Report For Wednesday, Oct 16
Forex Elliott Wave Technical Analysis: U.S. Dollar / Canadian Dollar (USDCAD)

Forex Elliott Wave Technical Analysis: U.S. Dollar / Canadian Dollar (USDCAD)

Photo by Michelle Spollen on UnsplashUSDCAD Elliott Wave Analysis – Trading Lounge U.S. Dollar / Canadian Dollar (USDCAD) Day ChartUSDCAD Elliott Wave Technical AnalysisFunction: Trend Mode: Impulsive Structure: Navy blue wave 1 Position: Gray wave 3 Direction Next Lower Degrees: Navy blue wave 2 Details: Navy blue wave 1 of gray wave 3 is still in play. Wave cancellation/invalid level: 1.34189.The […]
Rates Spark: Markets Now Contemplating A 50bp December ECB Cut

Rates Spark: Markets Now Contemplating A 50bp December ECB Cut

Image Source: PexelsThe ECB cut the deposit rate by 25bp as expected, but the communication was more dovish than anticipated, with unanimous support for the decision. Markets now price in a 25% chance of a 50bp cut in December, which seems overly ambitious but we wouldn’t push back until the US elections. Global dynamics still drive […]
Pound Sterling Strengthens On Upbeat UK Retail Sales Data

Pound Sterling Strengthens On Upbeat UK Retail Sales Data

Photo by Colin Watts on Unsplash  The Pound Sterling rebounds from 1.3000 against the US Dollar as UK monthly Retail Sales unexpectedly rose by 0.3%. Upbeat Retail Sales data could influence speculation for the BoE rate-cut path. Better-than-expected US Retail Sales reinforced markets’ confidence in the resilience of the US economy. The Pound Sterling (GBP) outperforms its major […]