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NZD/USD Falls To Near 0.6000 Ahead Of Michigan Consumer Sentiment Index

NZD/USD Falls To Near 0.6000 Ahead Of Michigan Consumer Sentiment Index

 Image Source: Unsplash   The NZD/USD pair reaches the 10-week low of 0.5987 on Friday. Michigan Consumer Sentiment Index is expected to come in at 69.0 in October, against its previous 68.9 reading. ANZ-Roy Morgan Consumer Confidence index fell to 91.2 in October, breaking a three-month upward trend. The NZD/USD pair has given up recent gains from the […]
FX Daily: The Dollar’s Rally May Only Be On Pause

FX Daily: The Dollar’s Rally May Only Be On Pause

Image Source: Unsplash  The dollar lost some ground yesterday on a correction lower in Treasury yields, but upside risks from the US election persist. Donald Trump’s seemingly stronger momentum should translate to higher implied volatility and a supported dollar. The election result may also have implications for the ECB’s decision on whether to cut 25 or 50bp […]
Sensex Today Trades Lower; Nifty Below 24,400

Sensex Today Trades Lower; Nifty Below 24,400

Asian markets were mixed on Friday ahead of Japan’s general election over the weekend.Japan’s Nikkei 225 fell 0.52%, while the Topix dropped 0.41%.The US stock market ended mixed on Thursday, with the Nasdaq and the S&P 500 closing higher, led by a decline in Treasury yields from a three-month high, and Tesla’s blowout earnings.Here’s a […]
Bitcoin And Ethereum: Continued Bearish Pressure On Friday

Bitcoin And Ethereum: Continued Bearish Pressure On Friday

Bitcoin chart analysisOn Thursday, October 24, the price of Bitcoin climbed to a new three-day high at the $68,800 level. We failed to reach the weekly open level, and a pullback below $68,000 was initiated. With that step, the price dropped below the daily open level, thereby intensifying the pressure. Today’s low was formed at […]
Elliott Wave Technical Analysis: Euro/U.S. Dollar – Friday, Oct. 25

Elliott Wave Technical Analysis: Euro/U.S. Dollar – Friday, Oct. 25

EURUSD Elliott Wave Analysis – Trading LoungeEuro/U.S. Dollar (EURUSD) – Day Chart Elliott Wave Technical Analysis Function: Counter Trend Mode: Corrective Wave Structure: Navy Blue Wave 2 Position: Gray Wave C Next Lower Degree Direction: Navy Blue Wave 3 Details: Navy blue wave 1 appears completed; navy blue wave 2 is now active. Wave Cancel Level: 1.12136EURUSD Day Chart Analysis SummaryThe EURUSD Day […]
Ethereum Price Battles Resistance: Will It Break Through And Resume Its Rise?

Ethereum Price Battles Resistance: Will It Break Through And Resume Its Rise?

Ethereum price extended losses and tested the $2,450 support zone. ETH is recovering losses and struggling to gain pace for a move above the $2,550 level. Ethereum started a recovery wave from the $2,450 zone. The price is trading below $2,560 and the 100-hourly Simple Moving Average. There was a break above a key bearish […]
EUR/USD Forecast: Strong Support Near 1.08

EUR/USD Forecast: Strong Support Near 1.08

My daily analysis of the EUR/USD pair, the market is likely to continue to see a lot of volatility in this area as the 1.08 level is an area that is a large, round, psychologically significant figure, and an area that we have seen a lot of noise previously. It is worth noting that the […]
Metal Markets Report For Thursday, Oct 24

Metal Markets Report For Thursday, Oct 24

Image Source: PixabayIn this video, Ira Epstein reviews the day’s trading in the gold and other relevant metal markets.Video Length: 00:09:11More By This Author:SPDR ETF Report For Thursday, Oct 24Financial Markets Report For Thursday, Oct 24Financial Markets Report For Wednesday, Oct 23
Bank Of Japan Expected To Hold Steady At October Meeting

Bank Of Japan Expected To Hold Steady At October Meeting

Image Source: PexelsRecent data suggests that upward pressure remains on underlying inflation, but the Bank of Japan is likely to extend its wait-and-see approach at next week’s meeting. Markets will be closely watching the quarterly outlook report and how the BoJ’s risk assessment of the US economy and the recent JPY depreciation has changed. Tokyo consumer inflation slows […]
Gold Trading Strategy, XAUUSD Analysis & Forecast – Friday, Oct 25

Gold Trading Strategy, XAUUSD Analysis & Forecast – Friday, Oct 25

Image Source: PixabayToday you will see Gold price prediction based on the technical analysis. What is the support and resistance on the daily time frame for XAUUSD? What to expect where the price will breakout for the XAUUSD based on the supply and demand zones.Video Length: 00:03:04More By This Author:Gold Trading Strategy, XAUUSD Analysis & Forecast […]