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BTC/USD Forex Signal: Bitcoin Price Surge To Continue

BTC/USD Forex Signal: Bitcoin Price Surge To Continue

Bullish View Buy the BTC/USD pair and set a take-profit at 93,000. Add a stop-loss at 78,000. Timeline: 1-2 days. Bearish View Set a sell-stop at 84,000 and a take-profit at 80,000. Add a stop-loss at 93,000. Bitcoin price surge gained steam in the overnight session as the bullish momentum gained steam. The BTC/USD pair […]
Pound Sterling Declines As UK Unemployment Rate Jumps To 4.3%

Pound Sterling Declines As UK Unemployment Rate Jumps To 4.3%

The Pound Sterling slumps to nearly 1.2800 against the US Dollar after the release of the weak UK employment data. UK Unemployment Rate jumped to 4.3%, while Average Earnings grew faster than expected in the three months ending September. Investors await the US inflation data for fresh interest-rate guidance. The Pound Sterling (GBP) weakens against its […]
FX Daily: Options Market Suggests Active Engagement In Dollar Rally

FX Daily: Options Market Suggests Active Engagement In Dollar Rally

Image Source: Unsplash  As the dust settles after last week’s US election results, global markets are settling into core trades of a firmer dollar, higher US equities and higher terminal rate from the Fed. Importantly in the FX market, traded volatility is picking up, suggesting active engagement in this dollar rally. It’s a quiet day for […]
Gold In Store For More Losses As Firm Dollar, Trump 2.0 Spook Market

Gold In Store For More Losses As Firm Dollar, Trump 2.0 Spook Market

Image Source: Unsplash   Gold prices remained in bear territory as a stronger dollar limits demand among overseas buyers. Investors are likely to wait for cues on inflations from the release of the US CPI data. Silver and palladium futures also fall on Tuesday as a stronger dollar and Trump policies weigh on market. Gold prices […]
EUR/USD & EUR/GBP: Key Support Levels Under Pressure

EUR/USD & EUR/GBP: Key Support Levels Under Pressure

EUR/USD Chart Analysis EUR/USD 15-Minute Chart (Source: TradingView)On the 8th of November 2024 trading session, the EUR/USD pair closed at -0.88% after sustaining a sideways scenario during the first half and then falling sharply towards support in the second half of the session.Currently, on the daily time frame, the price attempted to move upward but faced rejection and fell sharply […]
Elliott Wave Technical Analysis – NIKKEI 225 Index

Elliott Wave Technical Analysis – NIKKEI 225 Index

NIKKEI 225 (N225) Elliott Wave Analysis Trading Lounge Day ChartNIKKEI 225 (N225) Elliott Wave Technical Analysis Function: Bullish Trend Mode: Impulsive Structure: Orange wave 3 Position: Navy blue wave 3 Direction Next Higher Degrees: Orange wave 3 (started) Details: Orange wave 2 appears completed; orange wave 3 is now in play. Wave Cancel Invalidation Level: 35,109 The NIKKEI 225 Elliott Wave analysis on the daily chart by […]
Trump Trade Back In Full Swing

Trump Trade Back In Full Swing

Image Source: Pixabay  The Trump trade is back in full swing as the market continues to consider the impact of US tariffs and US tax cuts from the incoming administration. Meanwhile, commodities have been sliding and risk sentiment has soured, setting up an ugly start to Tuesday trade.Video Length: 00:00:57More By This Author:Everything According To Plan […]
USD/CAD Rises To Near 1.3950 Due To Trump’s Proposed Fiscal Policies, Lower Oil Prices

USD/CAD Rises To Near 1.3950 Due To Trump’s Proposed Fiscal Policies, Lower Oil Prices

Photo by Michelle Spollen on Unsplash USD/CAD continues to gain ground as Trump’s potential fiscal policies could delay further rate cuts by the Fed. The commodity-linked CAD struggles as crude Oil prices extend their losing streak. Oil prices decline as proposed tariffs from Trump could dampen demand growth in China. USD/CAD extends its winning streak for the third consecutive […]
UK Wage Growth Remains Sticky Despite Cooling Jobs Market

UK Wage Growth Remains Sticky Despite Cooling Jobs Market

Image Source: PexelsThere’s one number that will catch the UK’s headlines this morning, and that’s the surprise surge in the unemployment rate from 4.0% to 4.3%. That’s a sizable rise and much bigger than anyone had anticipated. It’s also unusual because this number is based on three-month moving averages, which tends to dampen the volatility in […]
Forex: Trump Rolls Out His China Hawk Pageant

Forex: Trump Rolls Out His China Hawk Pageant

Image Source: PixabayAh, in the Bloomberg Terminal days, there was nothing quite like that flashing red headline, instantly lighting up the screen and launching everyone into a trading frenzy. I admit that I do miss the thrill of rushing to hit the buy or sell button when “BREAKING: China Export Growth Jumps to Two-Year High as Tariff […]