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Gold Stabilizes After Bouncing Off 100-Day Moving Average

Gold Stabilizes After Bouncing Off 100-Day Moving Average

Gold (XAU/USD) trades little changed on Friday, holding steady in the $2,560s after making a slight recovery from the two-month lows reached on the previous day. A stronger US Dollar (USD) continues to put pressure on Gold since it is mainly priced and traded in the US currency. Sticky US inflation and positive labor market data, as […]
Daily Market Outlook – Friday, Nov. 15

Daily Market Outlook – Friday, Nov. 15

Image Source: Unsplash  Asian markets concluded a volatile week on a more stable note, aided by Chinese consumers lifting retail sales above expectations as a slew of governmental support measures buoyed the stock market. Property sales increased slightly, but they are still down 15.8% from a year earlier. A decrease in property investment deepened, and home […]
Bitcoin Hits $90K Milestone—Is A Path To $100K On The Horizon? Analyst Weighs In

Bitcoin Hits $90K Milestone—Is A Path To $100K On The Horizon? Analyst Weighs In

Bitcoin has reached a major milestone by surpassing the $90,000 price mark, marking a significant moment in its ongoing bullish rally. The price surge has drawn the attention of existing investors and attracted a new wave of market participants.This influx is evidenced by the increase in UTXO (Unspent Transaction Output) Age Bands. This metric tracks […]
EURUSD Faces Decline As Fed Signals Firm Stance

EURUSD Faces Decline As Fed Signals Firm Stance

EURUSD plunged to a six-month low of 1.0543 on Friday amid strong support for the US dollar following the US presidential election and recent comments from Federal Reserve officials.Federal Reserve Chair Jerome Powell’s recent statement underscored a cautious approach to cutting interest rates, citing persistent GDP growth, robust employment, and ongoing inflationary pressures. This stance […]
Prediction Markets And The 2024 U.S. Elections

Prediction Markets And The 2024 U.S. Elections

The biggest math story of 2016 was the failure of political polls to accurately predict the outcome of the U.S. presidential election. Eight years later, they failed again, suggesting the presidential race would be tight and could go in favor of either candidate. It wasn’t.Expecting a tight race, political fanatics watching established mainstream news outlets for the latest […]
Elliott Wave Technical Analysis: Australian Dollar/Japanese Yen – Friday, Nov. 15

Elliott Wave Technical Analysis: Australian Dollar/Japanese Yen – Friday, Nov. 15

Australian Dollar / Japanese Yen (AUDJPY) – Day Chart AnalysisAUDJPY Elliott Wave Technical Analysis Function: Bearish Trend Mode: Impulsive Structure: Orange Wave 1 Position: Navy Blue Wave 3 Next Higher Degree Direction: Orange Wave 2 Analysis SummaryThe AUDJPY Elliott Wave analysis on the daily chart indicates a bearish trend for the Australian Dollar against the Japanese Yen. The downward momentum aligns […]
When Should I Sell My Stocks

When Should I Sell My Stocks

Image Source: Unsplash  When does a swing trader sell his position in a stock? In this episode I detail one trader’s poor risk management in a trade, who only wanted to get back to break even, only to find his swing trade doing incredibly well in the end – and now doesn’t know what to do […]
The Dollar Index Strengthened On Powell’s Comments

The Dollar Index Strengthened On Powell’s Comments

Image source: Pixabay  The Dow Jones (US30) decreased by 0.47% on Thursday. The S&P 500 Index (US500) was down 0.60%. The NasdaqTechnology Index (US100) lost 0.66%. On Thursday, Fed Chairman Powell clarified that there was no need for an immediate rate cut, citing the economy’s strength, a robust labor market, and stable inflation. Powell’s comments echoed his […]
FX Daily: Powell Keeps Market Cautious On The Fed

FX Daily: Powell Keeps Market Cautious On The Fed

Image Source: Unsplash  The dollar remains at risk of positioning-led corrections, but so far macro data and Fed communication have not offered any USD-negative catalyst. Yesterday, Fed Chair Powell emphasized the economy’s strength and endorsed market caution on pricing in more cuts. EUR/USD may hold above 1.050 for now, but the general direction still appears bearish.  USD: […]
2% CPI Is Here

2% CPI Is Here

2% CPI is a headline you won’t find in today’s Wall Street Journal. The reason is that official inflation gauges, such as CPI, are in the mid to upper 2% range. Last Wednesday, for instance, the year-over-year CPI rate clocked in at 2.6%. We claim inflation is at 2% because we know that 40% of […]