Archives by Month:

Archives by Year:

Profiting From CPI

Profiting From CPI

S&P 500 upswing was rejected at 6,035, and sellers weren‘t stopped at my first 6,010 support (corresponding to yesterday featured uppermost support line on the intraday chart). We got a Bitcoin dive that was neatly reversed, and Nasdaq leading breakdown below the second support line presented, while S&P 500 more or less remained relatively stronger. […]
Solana meme coin $PNUT soars to $1 billion market cap after Binance listing

Solana meme coin $PNUT soars to $1 billion market cap after Binance listing

Key Takeaways PNUT’s market cap surpassed $1 billion within 48 hours due to a Binance listing. 60% of Binance’s meme coin listings are Solana-based, with significant market growth observed. Share this article Peanut the Squirrel (PNUT), a newly launched meme coin on the Solana blockchain, has surged past $1 billion in market cap in less […]
Elliott Wave Technical Analysis – Salesforce Inc.

Elliott Wave Technical Analysis – Salesforce Inc.

CRM Elliott Wave Analysis Trading LoungeSalesforce Inc. (CRM) Daily ChartCRM Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: MotivePOSITION: Minor 3DIRECTION: Upside within 3.DETAILS: Looking for the impulsive structure to unfold into all time highs as we have broken through Trading Level 3 at 300$ and we are now back at ATH.Salesforce Inc. (CRM) 1H ChartCRM Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: MotivePOSITION: […]
Gold Price Analysis: Successful Breakdown Of Upward Trend

Gold Price Analysis: Successful Breakdown Of Upward Trend

For the third consecutive day, gold prices have been declining, with losses extending to the support level of $2590 per ounce, the lowest price in a month and a half, before stabilizing around $2600 per ounce at the time of writing this analysis. Weak investor sentiment due to the rush to buy safe havens, along […]
US Dollar Tries To Post Fourth Day Of Gains Ahead Of US CPI Release

US Dollar Tries To Post Fourth Day Of Gains Ahead Of US CPI Release

The US Dollar trades in positive territory for a fourth consecutive trading day on Wednesday.  Traders brace for US CPI data for October, with an uptick in inflation expected.  The US Dollar index trades above 106.00, nearing a fresh six-month high.  The US Dollar (USD) tires to continue its uprising on Wednesday, signaling it still has fuel […]
The Data On Wages In Australia Haven’t Met Expectations

The Data On Wages In Australia Haven’t Met Expectations

Image source: Pixabay  At the end of Tuesday, the Dow Jones Index (US30) fell by 0.29%. The S&P 500 Index (US500) was down 0.29%. The Nasdaq Technology Index (US100) closed negative 0.17%. Higher bond yields on Tuesday contributed to some profit-taking in equities after five consecutive sessions of gains. In addition, the liquidation of long positions […]
China’s Exports Surge As Factories Resume Rush To Beat New Tariffs

China’s Exports Surge As Factories Resume Rush To Beat New Tariffs

The total value of goods exchanged between the U.S. and China rose in September 2024. The U.S. Census Bureau reports the combined value of goods either imported or exported between the two nations totaled $54.3 billion, which is both up from $51.8 billion in August 2024 and up from $52.1 billion in September 2023.Much of […]
Spotlight On US CPI Inflation Report

Spotlight On US CPI Inflation Report

Image source: Pixabay  Investors and traders are focused on the US CPI inflation report for the month of October which is due to be released later in the day.With the US dollar gaining ground after the presidential elections and the probability of a rate reduction in December lowered to 62%, economists will scrutinise the report in […]
EUR/USD Forex Signal: Death Cross Points To Sustained Sell-Off

EUR/USD Forex Signal: Death Cross Points To Sustained Sell-Off

Bearish View Sell the EUR/USD pair and set a take-profit at 1.0400. Add a stop-loss at 1.0760. Timeline: 1-2 days. Bullish View Buy the EUR/USD pair and set a take-profit at 1.0760. Add a stop-loss at 1.0400. The EUR/USD exchange rate continued its strong sell-off as the US dollar index surge gained momentum. It crashed […]
Dollar Bulls Catch Breath

Dollar Bulls Catch Breath

Image Source: Pexels  Overview: Surging US yields helped send the dollar higher but wobbled the stock market yesterday. A fragile consolidative tone has emerged today for the foreign currencies. The greenback remains mostly within yesterday’s ranges. All but a few emerging market currencies are trading with a firmer bias. Beijing’s weaker dollar fix may have been the […]