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AUD/USD Surges Above 0.6600 As RBA Maintains Hawkish Interest Rate Guidance

AUD/USD Surges Above 0.6600 As RBA Maintains Hawkish Interest Rate Guidance

The AUD/USD pair revisits more than a week high of 0.6620 in European trading hours on Tuesday. The Aussie pair gains as the Australian Dollar (AUD) strengthens after the Reserve Bank of Australia (RBA) delivers a hawkish interest rate guidance, while leaving its Official Cash Rate (OCR) unchanged at 4.35%, which was widely anticipated.RBA Governor […]
Trump Vs. Harris: How US Election Results Could Impact Global Markets

Trump Vs. Harris: How US Election Results Could Impact Global Markets

Markets predict return of President Trump via “Trump trades”   National polls: Harris vs. Trump race one of the closest in modern history   Harris win could offer relief for EUR, CNH, MXN, China and European stock indexes, green energy US stocks   Trump win could boost USD, Bitcoin, RUS2000, US stocks in oil, banking, and cryptos   Split […]
Crude Oil Sets Forth Winning Streak With Aramco Earnings Sign On The Wall For OPEC+ To Step Up Efforts

Crude Oil Sets Forth Winning Streak With Aramco Earnings Sign On The Wall For OPEC+ To Step Up Efforts

Crude Oil price goes higher on Tuesday for a second consecutive day, further banking on the delay in Oil production normalization by OPEC+. Lower supply could also be on the cards due to chances of disruption in the US Gulf region as  tropical storm Rafael is making its way to the oil rigs and could […]
What’s Driving Gold? Central Banks And Hedging Are Key Factors

What’s Driving Gold? Central Banks And Hedging Are Key Factors

Prior to the last several years, modeling the gold market was relatively straightforward. But a lot has changed in recent history, and so has the mix of factors that are front and center in gold’s price trend.In past decades a simple two-factor model was relatively robust for estimating gold’s “fair value.” The first factor: the […]
FX Daily: Markets Preparing For High Volatility

FX Daily: Markets Preparing For High Volatility

Image Source: Unsplash  Within 24 hours we may or may not know the identity of the 47th president of the United States. FX options markets have priced in a respectful level of exceptionally high volatility over the coming week. Results should start to come in around 03/0400 CET tomorrow morning. Only a Red Sweep outcome can probably add […]
Elliott Wave Technical Analysis – KOSPI Composite Index

Elliott Wave Technical Analysis – KOSPI Composite Index

KOSPI Composite Elliott Wave Analysis – Day ChartKOSPI Composite Elliott Wave Technical Analysis Trend: Bullish Mode: Impulsive Current Structure: Gray wave 3 Position: Orange wave 3 Next Higher Degree: Gray wave 3 (initiated) Wave Cancel Invalid Level: 2381.93 Analysis OverviewThe daily Elliott Wave analysis for the KOSPI Composite indicates a bullish trend in an impulsive mode, specifically within gray wave 3. This […]
Bitcoin ETFs bleed $541 million, second-largest single-day outflow since launch

Bitcoin ETFs bleed $541 million, second-largest single-day outflow since launch

Key Takeaways US spot Bitcoin ETFs saw one of their largest single-day outflows on November 4. Bitcoin’s price fell below $70,000 coinciding with massive ETF outflows. Share this article US spot Bitcoin ETFs suffered their second-largest single-day outflow since launch, with investors withdrawing $541 million on November 4, according to data from Farside Investors.The selloff […]
3 Large-Cap Stocks To Buy As Earnings Approach: MELI, TM, QCOM

3 Large-Cap Stocks To Buy As Earnings Approach: MELI, TM, QCOM

Image Source: PexelsOutside of Nvidia (NVDA – Free Report), all of the Magnificant-7-themed big tech stocks have already released their results for the Q3 period but this week’s earnings lineup features several intriguing large-cap stocks from a variety of sectors.As leaders in their respective industries, here are three of these top large-cap stocks to buy with their quarterly […]
Are These AI Stocks A Buy Before Earnings?

Are These AI Stocks A Buy Before Earnings?

Photo by Mohamed Nohassi on UnsplashThe AI story continues to grip investors, with many seeking exposure over the last year.Two stocks involved in the frenzy, Arista Networks (ANET – Free Report) and Arm Holdings (ARM – Free Report), are on the reporting docket for this week. Both stocks have enjoyed bullish price action year-to-date, widely outperforming relative to the S&P 500.Image Source: […]
ETFs Pointing Lower

ETFs Pointing Lower

Image Source: PixabayWith just hours until election day, let’s look at five ETFs which seem to suggest lower equity prices ahead. The first one is the Dow 30 “diamonds”, which has completed a top (in pink).Here is Brazil, which bounced higher today on the heels of a big tumble Friday, but is still beautifully positioned to […]