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EUR/USD Struggles To Gain Ground Below 1.0950 Ahead Of German Inflation Data

EUR/USD Struggles To Gain Ground Below 1.0950 Ahead Of German Inflation Data

The EUR/USD pair remains on the defensive around 1.0935 during the early European session on Friday. The hotter-than-expected US inflation reading on Thursday has provided some support to the Greenback and caps the upside for the pair.  The warmer US Consumer Price Index (CPI) reading coupled with the stronger-than-expected September jobs report strengthens the chance that […]
Bovespa Index Elliott Wave Technical Analysis – Friday, October 11

Bovespa Index Elliott Wave Technical Analysis – Friday, October 11

Bovespa Index Elliott Wave Analysis – Trading Lounge Day ChartBovespa Index Elliott Wave Technical Analysis FUNCTION: Counter Trend MODE: Corrective STRUCTURE: Gray wave 2 POSITION: Orange wave 3 DIRECTION (NEXT HIGHER DEGREES): Gray wave 3 DETAILS: Gray wave 1 appears completed; gray wave 2 is currently unfolding and nearing its conclusion. Wave Cancel/Invalidation Level: 123065.21 Summary:The Elliott Wave […]
Gold Recovers Amid Mixed US Economic Indicators

Gold Recovers Amid Mixed US Economic Indicators

Gold prices recovered, reaching 2,644.00 USD per troy ounce on Friday, as investors navigated mixed signals from recent US economic data. The resilience in September’s employment market introduced some hesitations regarding the Federal Reserve’s pace of monetary easing, as the robust job data might warrant a less aggressive approach to rate cuts.Recent inflation reports further […]
Who Is Paying Attention To Stabilizing Core Inflation?

Who Is Paying Attention To Stabilizing Core Inflation?

The Consumer Price Index (CPI) report for September extended a stabilizing trend for core inflation. Year-over-year, the change in the Consumer Price Index, less food and energy, has come in at 3.3%, 3.2%, 3.3%, and 3.3% over the last 4 months. If recent correlations hold, this CPI report suggests core PCE will also remain flattish […]
CAD/JPY Forecast: Faces Volatility As Yen Gains Strength

CAD/JPY Forecast: Faces Volatility As Yen Gains Strength

The Canadian dollar initially tried to rally against the yen, but then fell rather hard as we continue to see a lot of volatility. That’s not a huge surprise as this is a market that is going to have a lot of crosswinds, not the least of which is going to be the fact that […]
Unlocking ASX Trading Success: CBA Elliott Wave Analysis & Elliott Wave Technical Forecast – Friday, October 11

Unlocking ASX Trading Success: CBA Elliott Wave Analysis & Elliott Wave Technical Forecast – Friday, October 11

ASX: COMMONWEALTH BANK OF AUSTRALIA. – CBA Elliott Elliott Wave Technical Analysis TradingLoungeGreetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with COMMONWEALTH BANK OF AUSTRALIA. – CBA. We see CBA about to enter wave 5 to push higher, but it needs a little more time to complete wave 4.ASX: COMMONWEALTH BANK OF AUSTRALIA. […]
EUR/USD Strives To Gain Ground Above 1.0900 With US PPI In Focus

EUR/USD Strives To Gain Ground Above 1.0900 With US PPI In Focus

EUR/USD moves slightly higher to near 1.0950 on Friday after a sharp recovery from the two-month low of 1.0900 recorded on Thursday. The pullback move in the major currency pair could be short-lived as the US Dollar (USD) clings to gains ahead of the United States (US) Producer Price Index (PPI) data, which will be published at […]
China M1 Is Key To Watch

China M1 Is Key To Watch

Image Source: PexelsChina is warming up stimulus to escape deflation. This means Chinese M1 is a priority number to watch. Chart 1 – China is still in deflation and she can not stay there. Wall Street bankers have stated that the PBOC must ramp up M1 (via QE) to be over M2, otherwise a Chinese (maybe world) […]
The Bank Of Korea Has Now Joined The Global Easing Bandwagon

The Bank Of Korea Has Now Joined The Global Easing Bandwagon

Image source: Pixabay The Bank of Korea is entering an easing cycle, but at a glacial pace  As widely expected, the BoK cut its policy rate by 25bp to 3.25%, in line with our expectations. Today’s decision was not unanimous as there was one dissenting vote (Mr. Chang Yongsung) in favour of keeping the policy rate at […]
Gold Trading Strategy, XAUUSD Analysis & Forecast – Friday, Oct 11

Gold Trading Strategy, XAUUSD Analysis & Forecast – Friday, Oct 11

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: 00:03:18More By This Author:Gold Trading Strategy, XAUUSD Analysis & Forecast […]