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Daily Market Outlook – Friday, Nov. 29

Daily Market Outlook – Friday, Nov. 29

Image Source: Unsplash  Although a quiet post-Thanksgiving day was anticipated in Asia, investors were prompted to chase the yen, which is poised for its strongest week in four months, by Tokyo’s surprisingly high CPI data. As traders strengthened their bets on a rate hike by the Bank of Japan next month, the yen surged as much […]
Sensex Today Trades Higher; Nifty Above 24,000; Adani Green Energy Jumps 8%

Sensex Today Trades Higher; Nifty Above 24,000; Adani Green Energy Jumps 8%

The yen strengthened Friday after Tokyo inflation data exceeded estimates ahead of the Bank of Japan’s meeting next month. Equities in Japan and Australia fell, while US equity futures edged higher.US stock markets remained closed on Thursday in observance of the ThanksgivingHowever, here’s a table showing how US stocks performed on Wednesday: Stock/Index LTP Change […]
USD/CAD Finds Temporary Support Below 1.4000, Canadian Q3 GDP In Focus

USD/CAD Finds Temporary Support Below 1.4000, Canadian Q3 GDP In Focus

 Photo by Michelle Spollen on Unsplash   USD/CAD finds an interim cushion near 1.3980, investors await Canadian monthly and Q3 GDP data. The Canadian economy is estimated to have grown by 1% compared to same quarter of the precious year, slower than Q2 growth of 2.1%. The US Dollar could rebound, given its strong fundamental outlook. The USD/CAD pair discovers […]
Is The Concentration Of The Assets Under Custody A Threat For The Global ETF Industry?

Is The Concentration Of The Assets Under Custody A Threat For The Global ETF Industry?

Since the assets under management in the global ETF industry are highly concentrated on different levels (domicile, promoter, classification) it is not surprising that the assets under management are also highly concentrated on the custodial level. The high concentration of the assets under custody might raise concerns about the competition between the different custodians.With regard […]
S&P/TSX 60 Index Elliott Wave Technical Analysis

S&P/TSX 60 Index Elliott Wave Technical Analysis

S&P/TSX 60 Elliott Wave Analysis Trading Lounge Day Chart S&P/TSX 60 Elliott Wave Technical AnalysisTechnical Details Function: Bullish Trend Mode: Impulsive Structure: Gray wave 5 Position: Orange wave 3 Direction (Next Lower Degrees): Orange wave 4 (pending) DetailsThe analysis evaluates the S&P/TSX 60 index on a daily chart using Elliott Wave theory, identifying a bullish trend in impulsive […]
AUD/USD Holds Steady Above 0.6500, Lacks Bullish Conviction Amid Trade War Fears

AUD/USD Holds Steady Above 0.6500, Lacks Bullish Conviction Amid Trade War Fears

 Image Source: Pexels   AUD/USD attracts buyers for the third straight day amid a modest USD weakness.  Geopolitical risks and trade war concerns keep a lid on further gains for the Aussie. Bets for slower Fed rate cuts limit the USD losses and contribute to capping the pair. The AUD/USD pair trims a part of intraday […]
Month-End Dollar Outflows Persist

Month-End Dollar Outflows Persist

Image Source: Unsplash  Trading conditions will be thin once again on this Friday with the US market out for the Thanksgiving holiday. A lot of what we’re seeing out there right now is month-end related flow that has been very much pointing to Dollar selling.Video Length: 00:00:46More By This Author:Thin Trading Conditions For Remainder Of Week […]
GBP/USD Forecast: Eyes Breakout

GBP/USD Forecast: Eyes Breakout

The first thing that I see is that the market has pulled back just a bit to show signs of weakness, only to turn around and show signs of life. The 1.27 level has been a massive barrier over the last couple of weeks that I think will capture a lot of attention. At this […]
Forex: The Yen Sizzles After A Red Hot Tokyo Inflation Print Dazzles

Forex: The Yen Sizzles After A Red Hot Tokyo Inflation Print Dazzles

Image Source: PixabayWhat began as a calculated strategy to short the Euro through EURJPY, leveraging the yen’s safe-haven appeal and the potential upside of a December BoJ rate hike, has morphed into broader anticipation of an odds-on rate hike trajectory. This sentiment has been simmering throughout the month, but the real catalyst came with Tokyo’s November […]
Forex Elliott Wave Technical Analysis: Euro/British Pound

Forex Elliott Wave Technical Analysis: Euro/British Pound

Image Source: PixabayEURGBP Elliott Wave Analysis Trading Lounge Euro/British Pound (EURGBP) Day Chart EURGBP Elliott Wave Technical Analysis   Function: Bearish Trend Mode: Impulsive Structure: Orange wave 3 Position: Navy blue wave 3 Direction (Next Lower Degrees): Orange wave 3 (in progress) Details  Orange wave 2 appears to have been completed, with orange wave 3 now […]