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FX Daily: Trump’s Specter Hangs Over The FX Market

FX Daily: Trump’s Specter Hangs Over The FX Market

Image Source: Unsplash  The dollar continues to firm and emerging currencies stay largely offered as the specter of another possible Trump term of tariffs hangs over global FX markets. This may be hard to shake off given such a tight election. Today, the highlight is the ECB decision where we see upside risks to the euro. We […]
GBP/USD Forecast: British Pound Continues To Watch A Major Level

GBP/USD Forecast: British Pound Continues To Watch A Major Level

The British pound initially fell a bit during the trading session on Wednesday as the 1.30 level has come back into the picture. This is an area that is not only a large round psychologically significant figure, but it is also an area that previously has offered both support and resistance. So, I do think […]
Metal Markets Report For Wednesday, Oct 16

Metal Markets Report For Wednesday, Oct 16

Image Source: PixabayIn this video, Ira Epstein reviews the day’s trading in the gold and other relevant metal markets.Video Length: 00:07:03More By This Author:Financial Markets Report For Wednesday, Oct 16Why Central Banks Are Slashing Interest Rates: What It Means For You? SPDR ETF Report For Tuesday, Oct 15
USD/CAD Rises Toward 1.3800 Ahead Of US Retail Sales Data

USD/CAD Rises Toward 1.3800 Ahead Of US Retail Sales Data

Photo by Michelle Spollen on Unsplash USD/CAD appreciates due to the fading likelihood of further bumper rate cuts by the Fed. CME FedWatch Tool indicates a 92.1% probability of a 25-basis-point rate cut in November, with no anticipation of a 50-basis-point reduction. The Canadian Dollar faces challenges September’s inflation data have reignited expectations for a 50-basis-point rate cut […]
Elliott Wave Technical Analysis: Bitcoin Crypto Price News For Thursday, Oct 17

Elliott Wave Technical Analysis: Bitcoin Crypto Price News For Thursday, Oct 17

Image Source: PexelsElliott 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 complete and the […]
EUR/USD Extends Downside To Near 1.0850, With All Eyes On ECB Rate Decision

EUR/USD Extends Downside To Near 1.0850, With All Eyes On ECB Rate Decision

Image Source: Pixabay EUR/USD weakens to around 1.0850 in Thursday’s Asian session.  Traders expect that the Fed will proceed with modest interest rate cuts over the next year.  The ECB is widely expected to cut interest rates at its October meeting on Thursday.  The EUR/USD pair extends its decline to near 1.0850 during the early Asian session on […]
What Is Gold’s Recent Consolidation Telling Us?

What Is Gold’s Recent Consolidation Telling Us?

Image Source: PixabayGold has not gone anywhere in the last couple of weeks but remains only slightly below the all-time high of $2685 it hit in late September. Following a sharp recovery at the back end of last week, gold’s momentum faded on Monday, perhaps on disappointment about the lack of details of China’s stimulus measures […]
GBP/USD Seems Vulnerable Below 1.3000, Its Lowest Level Since August 20

GBP/USD Seems Vulnerable Below 1.3000, Its Lowest Level Since August 20

Photo by Colin Watts on Unsplash  GBP/USD consolidates Wednesday’s softer UK CPI-inspired fall to over a two-month low. Bets for a BoE rate cut in November weigh on the GBP and the major amid a bullish USD. Hopes for a less aggressive Fed policy easing favor the USD bulls ahead of the US data. The GBP/USD pair remains […]
Top Value Stocks Nearing 52-Week Highs With Stellar Dividends

Top Value Stocks Nearing 52-Week Highs With Stellar Dividends

Image Source: PexelsValue investors and income seekers will want to pay attention to several stocks that are standing out among the coveted Zacks Rank #1 (Strong Buy) list.Edging toward new 52-week highs, here are three of these highly-ranked stocks that still stand out in terms of valuation while offering very generous dividends.Finance Stocks: AB & AXAHYThe […]
Current Report: T-Mobil US

Current Report: T-Mobil US

Image Source: PixabayDeutsche Telekom merged its T-Mobile USA  unit with prepaid specialist MetroPCS in 2013, and that firm merged with Sprint in 2020, creating the second-largest wireless carrier in the us,T-Mobile (TMUS) now serves 77 million postpaid and 21 million prepaid phone customers, equal to around 30% of the us retail wireless market.The firm entered the […]