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Archives by Year:
Analytical Overview Of The Main Currency Pairs – Thursday, Oct. 17
Image Source: Pexels The EUR/USD currency pairTechnical indicators of the currency pair: Prev. Open: 1.0890 Prev. Close: 1.0862 % chg. over the last day: -0.26 % The ECB monetary policy meeting will be held today. Signs of slowing economic growth and weakening price pressures have reinforced the need for faster rate cuts to support the Eurozone […]
Sensex Today Tanks 495 Points; Nifty Ends Below 24,800
After opening the day on a negative note, Indian share markets Slipped as the session progressed and ended the day weak.Benchmark equity indices, BSE Sensex, and NSE Nifty50 ended in red amid the expiry of Nifty50 contracts, mirroring its Asian peers, on Thursday.At the closing bell, the BSE Sensex stood lower by 495 points (down 0.6%).Meanwhile, the NSE […]
Nasdaq 100 Recovers To Keep Trend Intact As Focus Turns To US Election
Image Source: Unsplash After Tuesday’s drop, the markets stabilised on Wednesday in a quiet trade and now US equity futures are making a comeback attempt during the first half of Thursday’s session. This is despite continued weakness in China, where the government’s latest attempt to shore up the property market, failed to lift sentiment. The recovery […]
These 3 Conditions Must Be Met Before Silver Surges Like Gold
Image Source: Pixabay Just two months ago, the precious metals community was growing frustrated with gold after its choppy, lukewarm summer price action. At that time, I kept urging investors to stay patient as I believed that gold was about to break out in multiple non-U.S. currencies, which would result in a powerful surge.Sure enough, that’s exactly what […]
Initial Jobless Claims Drop As Storm Impact Fades
After last week’s storm- and strike-driven surge in initial jobless claims, the headline data slipped back from 260k (revised higher) to 241k…Source: BloombergOn an unadjusted basis, initial claims remain high (but off their highs) while continuing claims pushed higher from 1.858mm Americans to 1.867mm Americans…Source: BloombergThe impact of Hurricane Helene (North Carolina) will continue to […]
Cava: A Hot Trend Comes At A Dear Cost To Investors
Since going public in June 2023, Cava (CAVA) has taken the fast-casual restaurant industry and Wall Street by storm. Cava describes itself as a “Mediterranean fast-casual restaurant brand that brings heart, health, and humanity to food.” As the chart below highlights, Cava shares are up 250+% since its IPO. The return is 5x its chief […]
GBP/USD Forex Signal: Wedge Pattern Points To More Downside
Bearish view Sell the GBP/USD pair and set a take-profit at 1.2825. Add a stop-loss at 1.3100. Timeline: 1-2 days. Bullish view Buy the GBP/USD pair and set a take-profit at 1.3100. Add a stop-loss at 1.2825. The GBP/USD exchange rate continued its downward trend, falling to its lowest point since August 22nd, and by […]
Soybean Commodity Elliott Wave Technical Analysis – Thursday, October 17
Soybean Elliott Wave AnalysisThe bounce from August appears to have completed as the commodity now aims for a new low for the year. Thus, the bearish sequence from June 2022 should extend lower.The price is in a bearish corrective phase on the daily chart – correcting the impulse wave cycle between May 2019 and June 2022. From […]
3 Stocks With Heavy Short Interest In October: Worth The Squeeze?
Image Source: Pexels Heavily shorted stocks are ripe for volatility. Regardless of the companies’ current bearish or bullish outlook, there is potential for gains. If the trading activity materializes a short squeeze, these stocks could get a rapid valuation bump as short-sellers are forced to cover their positions.But this would then be followed by an equally rapid price […]
GBP/USD Forecast: Pound Sinks Amid Downbeat UK Inflation
The GBP/USD forecast indicates a sudden drop after UK inflation figures missed forecasts. The unexpected decline in price pressure has increased bets for a BoE rate cut. Meanwhile, dollar strength continued as Fed policymakers shifted to a cautious tone.Data on Wednesday showed that UK inflation dropped sharply from 2.2% to 1.7% in September. Meanwhile, analysts […]
