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EUR/USD Weakens Further As ECB Officials Support More Rate Cuts

EUR/USD Weakens Further As ECB Officials Support More Rate Cuts

Image Source: Pixabay EUR/USD falls further as several ECB policymakers said they expect the Deposit Facility Rate to fall below the neutral level at around 2% or 2.25%. ECB Lagarde said she is hopeful about inflation falling at a faster-than-expected pace. The uncertainty ahead of the US presidential election is expected to keep market sentiment on […]
Volatility Stubbornly High – Proven Wrong Quickly

Volatility Stubbornly High – Proven Wrong Quickly

Image Source: PixabayBy the slightest margin, stocks closed for the second day in a row, breaking a 30+ day streak. Does that really matter? I don’t think so. Seasonals are weak this week, but nothing powerful. It has been a real nothing burger this month which probably means something will come out of the blue.Retreading an […]
Rates Spark: US Election Risk May Limit EUR Rates Upside

Rates Spark: US Election Risk May Limit EUR Rates Upside

Image Source: PixabayHigher 10Y UST yields are pushing up euro rates. The upcoming US elections add to the upward pressure for UST yields, but the spillover to EUR rates could be capped. A Trump victory would likely trigger risk-off episodes outside the US, which would prevent EUR rates from joining UST yields higher. US election caps […]
Metal Markets Report For Tuesday, Oct 22

Metal Markets Report For Tuesday, Oct 22

Image Source: PixabayIn this video, Ira Epstein reviews the day’s trading in the gold and other relevant metal markets.Video Length: 00:06:07More By This Author:Financial Markets Report For Tuesday, Oct 22Metal Markets Report For Monday, Oct 21SPDR ETF Report For Monday, Oct 21
Elliott Wave Technical Analysis: Binance Crypto Price News For Wednesday, Oct 23

Elliott Wave Technical Analysis: Binance Crypto Price News For Wednesday, Oct 23

Image Source: PexelsElliott Wave Analysis TradingLounge Daily ChartBinance/ U.S. dollar(BNBUSD)BNBUSD Elliott Wave Technical AnalysisFunction: Counter TrendMode: CorrectiveStructure: Double Correctiveposition: Wave ((Y))Direction Next higher Degrees: wave 2Wave Cancel invalid level:Details: The decline of wave Y is likely to end and the price is re-entering the uptrend.Binance/ U.S. dollar(BNBUSD)Trading Strategy: The correction in wave ((2)) seems to be over so we focus […]
Gold Trading Strategy, XAUUSD Analysis & Forecast – Wednesday, Oct 23

Gold Trading Strategy, XAUUSD Analysis & Forecast – Wednesday, Oct 23

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: 00:02:49More By This Author:Gold Trading Strategy, XAUUSD Analysis & Forecast […]
Current Report: Infosys

Current Report: Infosys

Image Source: PixabayInfosys (INFY) is a leading global IT services provider, with nearly 250,000 employees. The Indian IT services firm leverages its offshore outsourcing model to derive 60% of its revenue from North America.The company offers traditional IT services: consulting, managed services, cloud infrastructure services, and business process outsourcing as a service.The company was formerly known […]
WTITrades With Positive Bias Around Mid-$71.00s, Just Below Over One-Week Top

WTITrades With Positive Bias Around Mid-$71.00s, Just Below Over One-Week Top

Image Source: Unsplash WTI holds steady amid hopes for a demand recovery in China and Middle East tensions. A larger-than-expected rise in US crude stock caps the commodity amid a bullish USD. Traders now look forward to the official US inventory data for short-term opportunities. West Texas Intermediate (WTI) US Crude Oil prices trade with a […]
USD/CAD Maintains Position Above 1.3800 Ahead Of The BoC Policy Decision

USD/CAD Maintains Position Above 1.3800 Ahead Of The BoC Policy Decision

Photo by Michelle Spollen on Unsplash USD/CAD remains steady as traders adopt caution ahead of the BoC interest rate decision. Traders expect the Bank of Canada to deliver a substantial 50 basis point rate cut in October. The US Dollar gains ground as Treasury yields rise amid rising odds of nominal rate cuts by the Fed. The USD/CAD […]
The Commodities Feed: Chinese Oil Import Quota Increased

The Commodities Feed: Chinese Oil Import Quota Increased

Image Source: Pixabay Energy – China increases oil import quota  Oil prices finished yesterday stronger on the back of little fresh developments. ICE Brent settled almost 2.4% higher on the day, taking it back above $76/bbl. Prices, however, are under some pressure in early morning trading today. Possibly, yesterday’s strength was in response to the lack of […]