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Turn Around Tuesday Comes Late
Image Source: Pixabay Overview: It is ironic that a few months ago, many wanted to sell the dollar because the Republican president and vice president candidates said they wanted a weaker dollar. With the election drawing near and the race very tight, there has been a surge in the betting markets of a Trump-Vance victory, and this […]
The Bank Of Canada Cut The Rate By 0.5%
Image Source: Pexels At Wednesday’s close, the Dow Jones (US30) Index was down 0.96%, the S&P 500 Index (US500) decreased by 0.92%, and the Nasdaq Technology Index (US100) closed yesterday negative 1.55%. All three major US equity indices closed sharply lower on Wednesday amid rising Treasury yields and concerns over the upcoming US elections. Investors and […]
GBP/USD Analysis: The British Pound May Rise Due To The UK Budget
Despite the continued decline in the GBP/USD pair, which has reached its lowest level in over two months at 1.2907, the British pound may benefit from an expansionary budget in the coming months. Pantheon Macroeconomics suggests that the British government will introduce a “more flexible fiscal policy” in its October 30 budget, which will boost […]
Unlocking ASX Trading Success: Light & Wonder Inc.
ASX: LIGHT & WONDER INC. – LNW Elliott Elliott Wave Technical Analysis TradingLoungeGreetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) LIGHT & WONDER INC. – LNW. We see LNW pushing lower to complete wave 2-grey, then wave 3-grey could return to push much higher.ASX: LIGHT & WONDER INC. – LNW 1D Chart (Semilog Scale) […]
Systemically Important Central Bank Shocks Markets With 50 Bps Rate Cut
Image source: Pixabay Another central bank moves up its rate cut plans, accelerating its rate reductions with a 50-bps cut. At the same time the IMF lowers growth projections and warns risks of more downside are rising. These two developments are related to the same thing. It’s becoming clearer where this weakness is coming from and […]
How To Invest In Index Funds?
Image by Allange from Pixabay Investing in index funds has become an increasingly popular strategy for both beginners and seasoned investors due to its simplicity, low cost, and long-term growth potential. This guide walks you through the essentials of investing in index funds, providing actionable steps to help you get started on the right foot. What is an […]
Daily Market Outlook – Thursday, Oct. 24
Image Source: Pixabay Tesla’s better-than-expected profits gave investors some last minute relief overnight. After reporting strong third-quarter earnings and surprising analysts with a forecast for a 20–30% increase in sales next year, Tesla’s stock surged 12% in after-hours trade. Futures on the S&P 500 increased by 0.4%, while those on the Nasdaq increased by 0.7%. The […]
EUR/USD Dips To Three-Month Low Amid Strong Dollar Demand
Image Source: Unsplash The major currency pair fell to 1.0789 by Thursday.This is almost a three-month low. Demand for the US currency is fuelled by expectations of an orderly and negative interest rate cut by the US Federal Reserve, as well as strong forecasts for a second Donald Trump presidency.The Euro currency is also weakening under […]
GBP/USD Forecast: British Pound Continues To Fall Against Greenback
The British pound continues to fall against the US dollar. And as you can see, it looks as if we are trying to break down rather significantly. If we do continue to fall, it’s very likely that we will look to the 200 day EMA as a potential support level followed by the 1.28 level. […]
EURUSD Rises Following The EU PMI Reading
EURUSD trades higher, surpassing 1.08000 level 7-day potential trading range: 1.06940 – 1.09110 US jobless claims data may impact EURUSD volatility RSI has reached below lower boundary (<30 – oversold) The EURUSD is trading higher, above the 1.08000 level, following the European PMI figures.Both the German and Eurozone manufacturing PMIs came in higher than expected: 42.6 (vs. 40.8 – expected) and 45.9 (vs. 45.0 – expected) respectively.Despite the better-than-expected result, the German PMI continues to […]
