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EUR/USD Extends Recovery But Don’t Expect It To Last – Here’s Why

EUR/USD Extends Recovery But Don’t Expect It To Last – Here’s Why

Image Source: Pixabay  The euro rebounded after an initial drop, as Trump made no immediate tariff threats against eurozone exports. While his warnings appear to be negotiation tactics ahead of his January 20 inauguration, markets remain highly reactive to headlines, creating volatile trading conditions. Despite appointing Scott Bessent as Treasury Secretary, Trump’s potential use of executive […]
Pain In Retail

Pain In Retail

Image Source: Unsplash  US equity futures are mixed this morning. The Dow looks to open lower due to a 7% decline in Amgen (AMGN) after the company reported disappointing data related to its weight loss treatment. S&P 500 and Nasdaq futures are firmly in the green, but the Russell 2000 is indicated to open slightly lower […]
US Dollar Rises As Trump Reveals Tariff Plans

US Dollar Rises As Trump Reveals Tariff Plans

Image source: Pixabay  The US dollar strengthened on Tuesday morning as Donald Trump revealed some of his tariff plans on social media. The president-elect said that he would impose tariffs of 25% on all products from Mexico and Canada.In addition, products made in China will be charged an extra 10% above existing tariffs. Donald Trump’s comment helped […]
Trump’s Tariff Talks Wobble Forex Market, Close Neighbors Suffer Most

Trump’s Tariff Talks Wobble Forex Market, Close Neighbors Suffer Most

Image Source: Pixabay  Overview: Some market pundits were debating about a possible grand deal between the US and China. In exchange for a lighter tariff regime, Beijing would accept yuan appreciation. As far-fetched as such scenario may be, it was predicated on ideas that people like the Bessent, the Treasury Secretary-nominee, was pragmatic. Trump’s comments hit in […]
BBY & DKS: A Tale Of Two Retailers

BBY & DKS: A Tale Of Two Retailers

Two well known national chain retailers – Best Buy (BBY) and Dick’s Sporting Goods (DKS) – both reported earnings Tuesday morning. BBY shares are off 7% in reaction to their report while DKS is up 8% in reaction to its – continuing a trend of outperformance for the latter and underperformance for the former over […]
Morocco set to legalize crypto after 2017 ban

Morocco set to legalize crypto after 2017 ban

Key Takeaways Morocco is drafting a law to regulate crypto assets, moving away from its 2017 ban. The central bank is considering a CBDC to improve financial inclusion and control over digital currencies. Share this article Morocco is set to legalize crypto assets after a ban that has been in place since 2017, Reuters reported […]
Elliott Wave Technical Analysis – Fortinet Inc.

Elliott Wave Technical Analysis – Fortinet Inc.

FTNT Elliott Wave Analysis Trading LoungeFortinet Inc., (FTNT) Daily ChartFTNT Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: MotivePOSITION: Wave (3).DIRECTION: Upside within wave (3).DETAILS: Looking for Intermediate wave (3) to unfold as we have approached TradingLevel1 at 100$. As equality of (3) vs. (1) has been met at 91$, the next target would be 1.618 at 125$.Fortinet Inc., […]
Bitcoin Retreats From Record High As Long-term Holders Take Profits, Can Drop To $80k

Bitcoin Retreats From Record High As Long-term Holders Take Profits, Can Drop To $80k

Bitcoin retreated over 6% to $91,912 on Tuesday as long-term holders took profits near record highs.Bitcoin’s (BTC) meteoric rise hit turbulence this week as the cryptocurrency retreated from its all-time high, dropping more than 6% to $91,912 in early trading Tuesday. The decline comes after Bitcoin reached a historic peak above $99,000 last week, marking its largest […]
USD/CAD Spikes Above Multi-Year Range After Trump’s 25% Tariff Threat

USD/CAD Spikes Above Multi-Year Range After Trump’s 25% Tariff Threat

 Photo by Michelle Spollen on Unsplash   USD/CAD rallies sharply following comments from President-elect Trump that he will blast his neighbors with tariffs.  Trump threatened to add 25% on foreign imports from Canada on the social media site Truth Social.  The Canadian Dollar could draw strength from green shoots in the economy, limiting upside for the pair.     USD/CAD […]
GBP/USD Forecast: Testing Major Support

GBP/USD Forecast: Testing Major Support

If the GBP/USD market were to bounce from here again, then we could see a move to the 1.27 level, which is an area where we had bounced from and then came back below it, only to bounce back to the downside once we reached it again. In other words, there should be a lot of market […]