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CAD/JPY Forex Signal: Canadian Dollar Pulls Back Against Japanese Yen

CAD/JPY Forex Signal: Canadian Dollar Pulls Back Against Japanese Yen

Potential Signal: At this point in time, I think that if the market closes above the 200 Day EMA, breaking above the ¥110 level, it’s time to start buying. I would put a stop loss at the ¥108.40 level. There are a lot of different things coming around at the same time when it comes […]
USD/CAD Reclaims Seven-week High Near 1.3650 Amid Weak Canadian Dollar

USD/CAD Reclaims Seven-week High Near 1.3650 Amid Weak Canadian Dollar

The USD/CAD pair recaptures a seven-week high near 1.3650 in Tuesday’s European session. The Loonie asset strengthens amid weakness across the Canadian Dollar’s (CAD) performance ahead of Canada’s Employment data for September, which will be published on Friday.The Canadian job report is expected to show that the economy added 28K workers, higher than 22.1K in […]
Housing Is A Global Problem

Housing Is A Global Problem

Housing shortages and skyrocketing rental prices have become a major source of tension in many countries around the world.As Statista’s Anna Fleck reports, according to data from a Statista Consumer Insights survey, the topic of housing is considered the most pressing issue right now in the Netherlands by Dutch respondents.It is the second most pressing issue after the cost of living in Canada and Australia.As […]
The Coca-Cola Company Stocks Elliott Wave Technical Analysis – Tuesday, October 8

The Coca-Cola Company Stocks Elliott Wave Technical Analysis – Tuesday, October 8

KO Elliott Wave Analysis Trading Lounge Daily Chart,The Coca-Cola Company, (KO) Daily ChartKO Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: MotivePOSITION: Wave 3DIRECTION: Upside in wave 3.DETAILS: Looking for a correction in wave {iv} to be near completion to the resume higher and complete higher degree wave 3, ideally at 80$. The Coca-Cola Company, (KO) 1H ChartKO Elliott […]
The Commodities Feed: Oil Remains Volatile

The Commodities Feed: Oil Remains Volatile

ICE Brent managed to move above $81/bbl yesterday amid ongoing concerns in the Middle East. However, the rally faded this morning as China refrained from announcing any new supportive measures to boost the economy. Energy – ICE Brent moves back below $80/bblOil prices continued their move higher yesterday with ICE Brent closing just below $81/bbl amid […]
Analytical Overview Of The Main Currency Pairs – Tuesday, October 8

Analytical Overview Of The Main Currency Pairs – Tuesday, October 8

The EUR/USD currency pair Technical indicators of the currency pair: Prev. Open: 1.0967 Prev. Close: 1.0971 % chg. over the last day: +0.04 % The euro fell to $1.0950, the weakest level since mid-August, due to the diverging monetary policies of the European Central Bank and the US Federal Reserve. Weak Eurozone growth and inflation figures, […]
EUR/USD Hovers At Seven-Week Low Amid Adjusted Fed Rate Expectations

EUR/USD Hovers At Seven-Week Low Amid Adjusted Fed Rate Expectations

Market focus is intensely on the Federal Reserve’s interest rate trajectory following last week’s robust employment report, which prompted investors to recalibrate their expectations for future rate cuts.Initially, the market anticipated more aggressive easing, predicting rate cuts totalling 70 basis points by year-end. However, following the strong job data, expectations have shifted to a more […]
Unlocking ASX Trading Success: AMC Stock Analysis & Elliott Wave Technical Forecast – Tuesday, October 8

Unlocking ASX Trading Success: AMC Stock Analysis & Elliott Wave Technical Forecast – Tuesday, October 8

ASX: AMCOR PLC – AMC Elliott Elliott Wave Technical Analysis TradingLounge (1D Chart)Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with AMCOR PLC – AMC. We see AMC pushing higher with wave (iii)-orange of wave ((iii))-navy.ASX: AMCOR PLC – AMC 1D Chart (Semilog Scale) AnalysisFunction: Major trend (Intermediate degree)Mode: MotiveStructure: ImpulsePosition: Wave (iii)-orange of […]
GBP/USD Struggles To Capitalize On Modest Intraday Gains Beyond 1.3100 Mark

GBP/USD Struggles To Capitalize On Modest Intraday Gains Beyond 1.3100 Mark

The GBP/USD pair attracts some buyers during the Asian session on Tuesday and for now, seems to have snapped a five-day losing streak to a nearly four-week low, around the 1.3060 area touched the previous day. Spot prices, however, struggle to build on the uptick beyond the 1.3100 mark, warranting some caution for bullish traders.The US […]
S&P 500 Forecast: Pulls Back To The Previous Support Level

S&P 500 Forecast: Pulls Back To The Previous Support Level

The S&P 500 pulled back just a bit during the trading session on Monday as we continue to see a lot of noisy trading overall. That being said, this is a market that I think continues to see a lot of volatility and central banks around the world cut rates causing a little bit risk […]