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Pound Sterling In Tight Range With UK Budget In Focus

Pound Sterling In Tight Range With UK Budget In Focus

The Pound Sterling trades in a tight range near 1.2950 against the US Dollar ahead of a string of US economic data. Investors will pay close attention to US NFP for October and Q3 GDP. The UK budget and market speculation for the BoE interest rate path will influence the Pound Sterling. The Pound Sterling […]
Sensex Today Trades Higher; Nifty Above 24,200

Sensex Today Trades Higher; Nifty Above 24,200

Some Asian equity benchmarks advanced, with a decline in Treasury yields boosting sentiment. Japanese shares underperformed after the yen strengthened.Indexes in Australia and South Korea advanced, offsetting Japan’s slide to keep MSCI’s Asian index flat.US stocks were mixed after the close on Friday, as gains in the Technology, Oil & Gas and Consumer Goods sectors […]
The U.S. Dollar Index Reaction To Non-Farm Payroll Reports

The U.S. Dollar Index Reaction To Non-Farm Payroll Reports

This week’s US labor report will be in key focus as investors seek to evaluate the Fed’s communication on rates. The Fed has signaled two rate cuts to come this year, and that has been supporting the USD higher over the last few weeks. So, on Friday November 01 a surprise in the jobs report […]
Ethereum Price Prediction: Risky Pattern Points To A Breakdown

Ethereum Price Prediction: Risky Pattern Points To A Breakdown

 Image Source: Pixabay   Ethereum has underperformed key markets like Bitcoin and Tron recently. It has lost its sizable market share in industries like DeFi and stablecoins. Ethereum ETF inflows have underperformed those of Bitcoin. Ethereum price remains in a deep bear market, continuing to underperform other top cryptocurrencies like Tron, Bitcoin, and Solana. The ETH […]
US Dollar Retains US Election Risk Bid

US Dollar Retains US Election Risk Bid

Image Source: Unsplash  US election risk is front and center and the US Dollar has been a prime beneficiary, partially on the uncertainty and partially on polls that show Trump gaining ground. The market expects Trump policies of trade tariffs and domestic tax cuts will lead to more broad based US Dollar demand.Video Length: 00:00:58More By […]
FX Daily: Dollar Hegemony Intact

FX Daily: Dollar Hegemony Intact

Image Source: Unsplash  It looks like Donald Trump is edging ahead in opinion polls – although the outcome of next week’s election remains a toss-up given the polling margin of error. Financial markets, however, seem to be pricing a clean Republican sweep. This week has a jam-packed data calendar and we see little to challenge the dollar’s […]
Elliott Wave Technical Analysis: Dogecoin Crypto Price News – Monday, Oct. 28

Elliott Wave Technical Analysis: Dogecoin Crypto Price News – Monday, Oct. 28

Photo by Executium on Unsplash  Elliott Wave Analysis TradingLoungeDogecoin/ U.S. dollar(DOGEUSD)DOGEUSD Elliott Wave Technical AnalysisFunction: Counter TrendMode: CorrectiveStructure: Triple CorrectivePosition: Wave ZDirection Next higher Degrees: Wave (II) of ImpulseWave Cancel invalid Level:Details: Wave (II) is likely to end and price is rising again in wave (III).Dogecoin/ U.S. dollar(DOGEUSD)Trading Strategy:The correction in wave II seems to be over so we focus […]
U.S. Bitcoin ETFs Purchase Five Times More BTC Than Miners Produced In A Week

U.S. Bitcoin ETFs Purchase Five Times More BTC Than Miners Produced In A Week

Image Source: Unsplash Spot Bitcoin exchange-traded funds (ETFs) are experiencing one of their strongest months since launching in January 2024, with inflows surpassing $3 billion so far in October.This surge in demand has led ETF issuers to purchase Bitcoin at levels far exceeding the newly mined supply. US Spot Bitcoin ETFs Amass 45,000 BTC in October […]
A New Precious Metals Exchange: Will Russia And BRICS Unite For Economic Resilience

A New Precious Metals Exchange: Will Russia And BRICS Unite For Economic Resilience

Image Source: Pixabay Russia is currently in discussions with other BRICS nations to establish a new international precious metals exchange. This initiative, announced by Finance Minister Anton Siluanov, aims to create a framework for equitable pricing and enhance trade relationships among member countries. The exchange will include price indicators and production standards, and it is designed […]
Mapped: Renewable Energy As A Percentage Of Power Generation, By Country

Mapped: Renewable Energy As A Percentage Of Power Generation, By Country

Renewable Energy by Country (2022 Data) As of 2024, the global average for electricity generated from renewable sources is 29%.While all countries vary on this metric, wealth is not the primary determining factor. Given their current wealth, many countries over-perform and under-perform on renewable energy.This visualization, by creator Rakshit Jain, compares renewable power generation by country based on 2022 […]