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EUR/USD Set For Big Move As Voting Starts In US Election

EUR/USD Set For Big Move As Voting Starts In US Election

Image Source: Pixabay  Financial markets are in a holding pattern, with traders hesitant to commit to specific positions. With an exceptionally tight US presidential race, many are leaning towards options strategies instead of outright long or short positions. For instance, Bloomberg reports that some hedge funds are opting for call options on currencies like the EUR […]
From Dollar Monopoly To BRICS Diversification: An Update

From Dollar Monopoly To BRICS Diversification: An Update

Image Source: Pixabay  The pressure toward the diversification of world currency reserves intensified after 2008, escalated following 2022, and is accelerating, as evidenced by the recent BRICS Summit in Kazan, Russia.In the past 15 years or so, BRICS have rapidly grown into a geoeconomic front of the Global South. Iran, Egypt, Ethiopia, and the United Arab […]
Again More Gains

Again More Gains

Premarket S&P 500 pump was readily sold into – who wants to face elections risk? The session though delivered great intraday gains of +24 ES pts and +72 NDX pts, and +39 ES pts for swing traders on my site (I timed selling into Friday‘s spike for the clients). Also the individual chart requests per popular […]
Boeing Strike Ends With 59% Union Approval On New Offer; Stock Gains

Boeing Strike Ends With 59% Union Approval On New Offer; Stock Gains

Image Source: Pixabay  The Boeing Company (NYSE: BA) has reached a pivotal agreement with its 33,000 unionized machinists, concluding a seven-week strike that significantly disrupted the production of most passenger planes. 59% of the International Association of Machinists and Aerospace Workers (IAM) voted to approve the aerospace giant’s new offer.The new contract promises substantial wage increases and bonuses for the […]
Residential Construction Jobs At Risk

Residential Construction Jobs At Risk

The number of residential construction workers has almost doubled since the aftermath of the financial crisis and housing bust. The graph below on the left shows that after a brief hiccup during the early days of the pandemic, the number of jobs in residential construction continued to rise despite higher interest rates. Moreover, the job […]
Pound Sterling Price News And Forecast: GBP Moves Higher In Us Presidential Election Day

Pound Sterling Price News And Forecast: GBP Moves Higher In Us Presidential Election Day

The Pound Sterling (GBP) gains slightly to near 1.2980 against the US Dollar (USD) in Tuesday’s London session. The GBP/USD pair rises ahead of the United States (US) presidential election, which will start in the North American session. The US Dollar Index (DXY), which gauges Greenback’s value against six major currencies, falls slightly to near 103.80.The Greenback went through a significant unwinding […]
Elliott Wave Technical Analysis: U.S. Dollar/Canadian Dollar – Tuesday, Nov. 5

Elliott Wave Technical Analysis: U.S. Dollar/Canadian Dollar – Tuesday, Nov. 5

USDCAD Elliott Wave Analysis – Trading Lounge U.S. Dollar / Canadian Dollar (USDCAD) – Day Chart AnalysisUSDCAD Elliott Wave Technical Analysis Function: Counter Trend Mode: Corrective Structure: Navy blue wave 2 Position: Gray wave 1 Next Higher Degree Direction: Navy blue wave 3 Details: Navy blue wave 1 appears to have completed, and now navy blue wave 2 is currently active. Wave […]
The Brookings Institute Wonders Why Consumer Sentiment Is So Bad, I Can Help

The Brookings Institute Wonders Why Consumer Sentiment Is So Bad, I Can Help

This is easy to explain with charts and ideas. An Imagined ParadoxThe Brookings Institute measured the macro conditions and wonders why sentiment is so poor.Please consider The Paradox Between the Macroeconomy and Household Sentiment Despite recent concerns over a slowdown, the U.S. economy is performing well according to most objective metrics. The top-line unemployment rate was […]
GBP/USD Analysis: Bigger Gains Expected

GBP/USD Analysis: Bigger Gains Expected

At the start of trading this week, the GBP/USD exchange rate rose to 1.2998 before settling around 1.2950 at the time of writing this analysis. This comes as financial markets react to the increased probability of Kamala Harris winning the presidential election today, Tuesday. The odds of Trump winning in the overall betting market are […]
Dividends By The Numbers In October 2024

Dividends By The Numbers In October 2024

October 2024 proved to be a net negative month for the dividend paying firms of the U.S. stock market.Although we’ve seen the positive development of eleven fewer firms announcing they will either cut or suspend their dividends when compared with the same month a year earlier, this improvement in unfavorable dividend actions has coincided with […]