Archives by Month:

Archives by Year:

USDCHF Forex Elliott Wave Technical Analysis – Monday, November 4

USDCHF Forex Elliott Wave Technical Analysis – Monday, November 4

USDCHF Elliott Wave Analysis – Trading Lounge U.S. Dollar / Swiss Franc (USDCHF) – Day ChartUSDCHF Elliott Wave Technical Analysis Function: Counter Trend Mode: Corrective Structure: Navy Blue Wave 2 Position: Gray Wave 3 Next Higher Degree Direction: Navy Blue Wave 3 Details: Navy Blue Wave 1 is complete; Navy Blue Wave 2 is currently in progress. Wave Invalidation Level: 0.83765 The USDCHF […]
USD/CAD Bounces Back As Canadian Dollar Weakens, US Elections Take Center Stage

USD/CAD Bounces Back As Canadian Dollar Weakens, US Elections Take Center Stage

The USD/CAD pair recovers half of its intraday losses after discovering significant buying interest around the key support of 1.3900. The Loonie asset bounces back despite the US Dollar (USD) remaining vulnerable against its major peers, suggesting sheer weakness in the Canadian Dollar (CAD).The CAD remains on the backfoot as the Bank of Canada (BoC) is expected to […]
Daily Market Outlook – Monday, Nov. 4

Daily Market Outlook – Monday, Nov. 4

Image Source: Pixabay  The rebound in sentiment from Wall Street on Friday has helped Asian stock markets trade mostly higher on Monday. However, traders are still cautious because of the ongoing geopolitical tensions in the Middle East, the uncertainty surrounding the outcome of the US election, and the impending monetary policy announcement from the US Federal […]
Nvidia Set To Replace Intel In Dow Jones Industrial Average; INTC Down 50%+ In 2024

Nvidia Set To Replace Intel In Dow Jones Industrial Average; INTC Down 50%+ In 2024

Image Source: Unsplash  In a significant reshuffling of the Dow Jones Industrial Average (DJI), Nvidia (Nasdaq: NVDA) is set to replace Intel (Nasdaq: INTC) after a notable 25-year run on the index. This transition, announced by S&P Dow Jones Indices, also sees Sherwin-Williams (NYSE: SHW) taking the place of Dow (NYSE: DOW).The changes underscore a major shift in […]
Turkey Sees An Improvement In The Underlying Services Inflation Trend

Turkey Sees An Improvement In The Underlying Services Inflation Trend

While annual inflation in Turkey dropped further last month, the underlying trend remained elevated, albeit recording a drop in comparison to September thanks to a moderation in services inflation.Turkish inflation was 2.9% in October, higher than the market consensus of 2.5%. The annual figure, however, has maintained its declining trend and fell to 48.6% from 49.4% a […]
Will The Dollar Rise After The US Election?

Will The Dollar Rise After The US Election?

Image Source: Pexels  On November 5, 2024, Americans will vote for their next president, who will serve a four-year term starting in January 2025. The main contenders are Republican nominee Donald Trump, with running mate Senator JD Vance, and Democrat Kamala Harris, who stepped in as a candidate after President Joe Biden chose not to run; […]
Gold Prices Likely To Dominate Further As Copper And Silver Keeps Upside Momentum

Gold Prices Likely To Dominate Further As Copper And Silver Keeps Upside Momentum

Gold prices were flat on Monday ahead of the highly anticipated outcome of the US Presidential election and an upcoming policy meeting of the US Federal Reserve. However, prices of the yellow metal are expected to dominate and maintain its upswing even after the election outcome, according to experts.Prices were in the green earlier in the […]
The Dominance Of Ireland As ETF Domicile In Europe

The Dominance Of Ireland As ETF Domicile In Europe

The assets under management in the European ETF industry are quite concentrated at the classification, promoter, and ETF levels. Therefore, it is no surprise that the assets under management are also concentrated at the ETF domicile level. Ireland, the largest European ETF domicile, held 72.66% (€1,393.0 bn) of the overall assets under management (€1,917.0 bn […]
EUR/USD Soars As Traders Brace For Tight Race In US Presidential Election

EUR/USD Soars As Traders Brace For Tight Race In US Presidential Election

EUR/USD jumps around the key resistance of 1.0900 in Monday’s European session. The strength in the major currency pair is backed by an upbeat Euro (EUR), which performs strongly since last week after a slew of Eurozone economic data diminished expectations of the European Central Bank (ECB) delivering large rate cuts in December.The Eurostat reported that the Eurozone economy expanded at a […]
FX Daily: Let US Election Volatility Begin

FX Daily: Let US Election Volatility Begin

Image Source: Unsplash  Markets are seemingly scaling back some Trump trades, and we suspect the next two days can see some abnormal swings in USD crosses due to tighter volatility conditions ahead of a closely contested and highly binary US election. There are also many central bank meetings this week. Regardless of the election result, we […]