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EURUSD And GBPUSD: The Second Part Of The Week Is Recovery

EURUSD And GBPUSD: The Second Part Of The Week Is Recovery

EURUSD chart analysisOn Wednesday, October 23, EURUSD retreated to 1.07612 to a new weekly low. The previous time the pair was at that level was in early July. After getting new support, EURUSD started a bullish consolidation, and on Thursday, we returned above the 1.08000 level. During this morning’s Asian session, the pair came under […]
US Fiscal Policy Paves The Way For A New Inflationary Cycle

US Fiscal Policy Paves The Way For A New Inflationary Cycle

Just over a year ago, I wrote in my bulletin that physical gold had become more reliable than Treasury bills.U.S. long-term bonds were already coming under increasing pressure from monetary tightening, and the historic drop of over 50% we saw last year exceeded forecasts:At the time, unrealized losses seemed manageable as long as the securities were held to maturity. […]
Mastercard Inc (MA) DCF Valuation: Is The Stock Undervalued?

Mastercard Inc (MA) DCF Valuation: Is The Stock Undervalued?

As part of a new series, each week we typically conduct a DCF on one of the companies in our screens. This week we thought we’d take a look at one of the stocks that is not currently in our screens, Mastercard Inc (MA).  ProfileMastercard is the second-largest payment processor in the world, having processed […]
FX Becalmed Ahead Of The Weekend And Next Week’s Big Events

FX Becalmed Ahead Of The Weekend And Next Week’s Big Events

Image Source: Unsplash  Overview: The dollar is trading quietly, with a slightly firmer today. There has been little follow-through selling after yesterday’s setback. The Canadian dollar and sterling are faring best. The yen is a little softer after Tokyo’s CPI came in lower as expected due to the government’s energy subsidy. The election for the lower house […]
EUR/USD Holds Onto Recovery Despite Traders Price In ECB 50 Bps Rate Cut

EUR/USD Holds Onto Recovery Despite Traders Price In ECB 50 Bps Rate Cut

 Image Source: Pixabay   EUR/USD trades above 1.0800, but the downside bias remains firm due to multiple headwinds. Traders expect the ECB to announce a sizeable interest rate cut in December. The Fed is expected to pursue a gradual rate-cut cycle. EUR/USD clings to Thursday’s recovery near 1.0830 in European trading hours on Friday. The recovery in the […]
Adani Green Energy Stocks Elliott Wave Technical Analysis – Friday, October 25

Adani Green Energy Stocks Elliott Wave Technical Analysis – Friday, October 25

ADANI GREEN ENERGY – ADANIGREEN (1D Chart) Elliott Wave Technical AnalysisFunction: Larger Degree Trend Higher (Intermediate degree, orange)Mode: MotiveStructure: ImpulsePosition: Minute Wave ((ii)) NavyDetails: Minute Wave ((iii)) Navy should resume higher within Minor Wave 5 Grey of Intermediate Wave (5) Orange until 1535-40 hold. A break lower would change the proposed wave count. Please remain cautious on the […]
Risks Of A Growth Slowdown In Italy After Latest Confidence Data

Risks Of A Growth Slowdown In Italy After Latest Confidence Data

A weaker reading in Italian services’ confidence in the fourth quarter is adding to a softness in manufacturing. And that means risks of a marked deceleration in GDP growth in the fourth quarter.Confidence data released earlier today by Istat deteriorated both on the business and the consumer front, suggesting that an economic deceleration in the last […]
Forty Years Of Trends In American Consumer Spending

Forty Years Of Trends In American Consumer Spending

How much and on what do American households spend money each year?The answers to these questions can be found in the Consumer Expenditure Survey, which have been updated to include the results from 2023. In this article, we’ll visualize that spending data and present its historic trends, which now spans the last four decades.Let’s start with some […]
US Dollar Trades Flat This Friday Ahead Of Durable Goods Data

US Dollar Trades Flat This Friday Ahead Of Durable Goods Data

The US Dollar in tight range following a pause in this week’s rally.  Traders on edge over the release of Durable Goods orders data amidst US presidential election uncertainty.  The US Dollar index hovers around 104.00, looking for support.  The US Dollar (USD) consolidates on Friday after a small retreat a day earlier, but looks set […]
Gold Outlook: US Data Triggers Subtle Sentiment Shift

Gold Outlook: US Data Triggers Subtle Sentiment Shift

The gold outlook indicates a slight shift in sentiment as prices retreat from a recent record high. The decline came after US data in the previous session showed continued resilience, reducing Fed rate cut expectations. Nevertheless, gold is heading for its third week of gains amid safe-haven inflows. Gold hit a new record high on Wednesday […]