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Archives by Year:
Sensex Today Trades Flat; Nifty Below 25,000
Asian markets traded mixed following overnight gains on Wall Street.Japan’s Nikkei 225 was flat, while the Topix rose 0.34%.The US stock market ended higher on Wednesday led by financial stocks, with the Dow Jones Industrial Average closing at a record high.The Dow Jones rallied 337.3 points, or 0.8%, to 43,077.7, while the S&P 500 gained […]
EUR/USD Extends Decline Ahead Of ECB Policy Meeting
Image Source: Pixabay EUR/USD extends its downside to near 1.0850 as traders brace for the ECB policy meeting. The ECB is expected to cut its key borrowing rates by 25 bps for the second straight meeting. Growing speculation for Trump’s victory has strengthened the US Dollar. EUR/USD exhibits weakness near 1.0850 on Thursday. The major currency […]
A Strong Australian Labor Market Report Reinforced The RBA’s Hawkish Stance
Image Source: Pexels At the end of Wednesday, the Dow Jones Index (US30) was up 0.79%, the S&P 500 Index (US500) was up 0.47%, and the Nasdaq Technology Index (US100) closed positive 0.07%. Stronger-than-expected corporate earnings results supported stocks. In addition, a weaker-than-expected UK consumer price report for September lowered global bond yields, which was favorable […]
Elliott Wave Technical Analysis: Euro/British Pound – Thursday, Oct. 17
EURGBP Elliott Wave Analysis Trading Lounge Euro/British Pound (EURGBP) Day ChartEURGBP Elliott Wave Technical Analysis Function: Counter Trend Mode: Corrective Structure: Navy Blue Wave 2 Position: Gray Wave 1 Direction Next Lower Degrees: Navy Blue Wave 3 Details: Navy Blue Wave 1 is now completed, and Navy Blue Wave 2 is currently unfolding. Wave Cancel Invalidation Level: 0.86261 The EURGBP daily chart Elliott Wave […]
Here’s Why The Uranium ETF URA Has Gone Vertical
Image Source: Unsplash The Global X Uranium ETF is a large fund that has invested in uranium companies. Its top constituents are companies like Cameco, Uranium Energy Corp, and Nexen Energy. Companies like Microsoft and Google are investing in the nuclear energy sector. The Global X Uranium ETF (URA) has bounced in the past few […]
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
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
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
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
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 […]
