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Metal Markets Report For Wednesday, Nov 27

Metal Markets Report For Wednesday, Nov 27

Image Source: PixabayIn this video, Ira Epstein reviews the day’s trading in the gold and other relevant metal markets.Video Length: 00:08:46More By This Author:Financial Markets Report For Wednesday, Nov 27Metal Markets Report For Tuesday, Nov 26Financial Markets Report For Tuesday, Nov 26
The Bank Of Korea Surprised The Market With A 25bp Cut Today

The Bank Of Korea Surprised The Market With A 25bp Cut Today

Image Source: PexelsThe Bank of Korea (BoK) lowered its policy rate to 3.0% and revised down its GDP and CPI forecasts for 2024 and 2025. The BoK appears to have decided that the economy needs the support of an accommodative monetary policy despite growing concerns about FX stability. The BoK’s next action is likely to be in February 2025.  The BoK […]
USD/CHF Price Forecast: Appreciates Toward Nine-Day EMA Near 0.8850

USD/CHF Price Forecast: Appreciates Toward Nine-Day EMA Near 0.8850

 Photo by Claudio Schwarz on Unsplash USD/CHF attempts to break above the 14-day EMA at the 0.8832 level. The daily chart analysis indicates a sustained bullish bias, with the pair trending higher within an ascending channel pattern. The pair may navigate the support region around the ascending channel’s lower boundary at 0.8750 level. The USD/CHF pair retraces recent losses from […]
Gold Price Pares Intraday Losses, Keeps The Red Amid Reviving USD Demand

Gold Price Pares Intraday Losses, Keeps The Red Amid Reviving USD Demand

Image Source: Pixabay Gold price attracts some sellers as rebounding US bond yields help revive the USD demand. Trade war jitters and geopolitical tensions help limit losses for the safe-haven precious metal. Thin trading volumes on the back of a US holiday warrant some caution for aggressive traders.  Gold price (XAU/USD) drifts lower during the Asian […]
Elliott Wave View: Nasdaq ETF Looking For More Downside

Elliott Wave View: Nasdaq ETF Looking For More Downside

Image Source: PixabayRally in Nasdaq ETF (QQQ) from 10.13.2022 low is in progress as a 5 waves impulse. Up from 10.13.2022 low, wave ((1)) ended at 296.88 and wave ((2)) ended at 259.73. The ETF extended higher and ended wave ((3)) at 516.73 as 45 minutes chart below shows. Wave ((4)) pullback is in progress and the […]
Marathon Digital acquires 6,474 Bitcoin, reveals $160M in cash for future dip purchases

Marathon Digital acquires 6,474 Bitcoin, reveals $160M in cash for future dip purchases

Key Takeaways Marathon Digital acquired 6,474 BTC in November and has $160 million in cash reserved for potential future purchases. Marathon now holds 34,794 BTC, making it the second-largest corporate Bitcoin holder after MicroStrategy. Share this article Marathon Digital (MARA) has added an extra 703 Bitcoin, bringing the total BTC purchased in November to 6,474 […]
Madam, I’m Adam

Madam, I’m Adam

Image Source: PixabayThis is a chart I’ve presented many times before – Archer Daniels Midland (ADM) which has a long history of topping out and falling hard. It has done a counter-trend rally lately, presenting a fresh opportunity.More By This Author:Air StallCrypto CramerPost-Nvidia W.A.G.
5 ETFs That Deserve Special Thanks In 2024

5 ETFs That Deserve Special Thanks In 2024

Image Source: PixabayAs Americans prepare for Thanksgiving Day, let’s explore the bounty that the investment world holds on this occasion. This can be easily done by screening ETFs that have rewarded investors this year.    A few corners are easily crushing the broader market in the year-to-date period. ETFs — First Trust SkyBridge Crypto Industry & Digital Economy […]
Elliott Wave Technical Analysis: AAVE Crypto Price News For Thursday, Nov 28

Elliott Wave Technical Analysis: AAVE Crypto Price News For Thursday, Nov 28

Image Source: PixabayElliott Wave Analysis TradingLounge Daily ChartAAVE/ U.S. dollar(AAVEUSD)AAVEUSD Elliott Wave Technical AnalysisFunction: Follow TrendMode: MotiveStructure: ImpulsePosition: Wave IIIDirection Next higher Degrees: Wave (III) of ImpulseWave Cancel invalid Level: 125.280Details: The five-wave likely goes up to test 492 LevelAAVE/ U.S. dollar(AAVEUSD)Trading Strategy: The correction in wave 2 seems to be over, so we focus on the […]
Gold Trading Strategy, XAUUSD Analysis & Forecast – Thursday, Nov 28

Gold Trading Strategy, XAUUSD Analysis & Forecast – Thursday, Nov 28

Image Source: PixabayToday you will see Gold price prediction based on the technical analysis. What is the support and resistance on the daily time frame for XAUUSD? What to expect where the price will breakout for the XAUUSD based on the supply and demand zones.Video Length: 00:03:46More By This Author:Gold Trading Strategy, XAUUSD Analysis & Forecast […]