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Forex Today: Bitcoin Heading To $100,000

Forex Today: Bitcoin Heading To $100,000

Image Source: Pexels  Bitcoin has been making a bullish consolidation just below the big round number at $100,000 and looks very likely to hit that number soon. The cryptocurrency Bitcoin has continued to trade bullishly, making a fresh record high above $99,000 at the end of last week, and the price action right now indicates the price is […]
Sensex Today Zooms Over 1,200 Points; Nifty Above 24,300

Sensex Today Zooms Over 1,200 Points; Nifty Above 24,300

Asian stocks experienced a notable rally alongside US equity futures on Monday, marking a positive turn for the markets. The dollar retreated against other currencies as bond yields declined.MSCI’s broadest index of Asia-Pacific shares increased by 1.6%.Wall Street closed higher on Friday, with all three major indexes achieving significant weekly gains. Investors confidently responded to […]
Euro Sinks To Lowest Level Since November 2022

Euro Sinks To Lowest Level Since November 2022

Image Source: Unsplash  The Euro had already been struggling with a softer economic outlook, dovish ECB talk and upgraded odds for a rate cut in December before taking in Friday’s abysmal round of economic data. Key standouts on Monday’s calendar come from German Ifo reads, Canada manufacturing sales, the Chicago Fed national activity index, and Dallas […]
Elliott Wave Technical Analysis – Polkadot Crypto Price News Today

Elliott Wave Technical Analysis – Polkadot Crypto Price News Today

Elliott Wave Analysis TradingLoungeDOT/ U.S. dollar(DOTUSD)DOTUSD Elliott Wave Technical AnalysisFunction: Follow TrendMode: MotiveStructure: ImpulsePosition: Wave ((1))Direction Next higher Degrees: wave I of ImpulseWave Cancel invalid level:Details: the corrective of wave 2 May is ending and the price increase again in wave 3.DOT/ U.S. dollar(DOTUSD)Trading Strategy:Overview DOTUSD remains in an uptrend, likely to surge sharply from the […]
GBP/JPY Holds Gains Above 194.00 As Traders Expect BoE To Reduce Rates Gradually

GBP/JPY Holds Gains Above 194.00 As Traders Expect BoE To Reduce Rates Gradually

 Image Source: Unsplash   GBP/JPY gains ground as the Bank of England may adopt a slower pace of policy easing. The Japanese Yen receives downward pressure from the uncertainty surrounding the BoJ rate hikes. Japan’s Leading Economic Index was revised down to 109.1 in September, slightly below the anticipated 109.4. GBP/JPY remains stable after a volatile […]
Daily Market Outlook – Monday, Nov. 25

Daily Market Outlook – Monday, Nov. 25

Image Source: Pixabay  The market’s response to fund manager Scott Bessent’s selection as the next U.S. Treasury Secretary has dominated Asian trade. Asian markets are trading mostly higher on Monday, buoyed by the positive performance on Wall Street on Friday, with significant gains in Japan, Indonesia, and South Korea. The general investor sentiment is satisfaction that […]
FX Daily: G3 December Monetary Policy In Focus

FX Daily: G3 December Monetary Policy In Focus

Image Source: Unsplash  The euro is recovering a little after its mini collapse on Friday. However, further eurozone confidence data this week could still spell trouble and tilt the market towards a 50bp ECB cut in December. In the US, the market is split on whether the Fed will cut next month after all and in Japan, […]
Japan’s Inflation Struggle: How New Stimulus Measures May Shape The Economy

Japan’s Inflation Struggle: How New Stimulus Measures May Shape The Economy

 Image source: Pixabay   Inflation in Japan has exceeded the BOJ’s 2% target for 38 months. The ¥39 trillion stimulus includes energy subsidies and cash handouts for households. Critics warn the plan may worsen Japan’s debt as the BOJ considers raising rates. Inflation in Japan remains a pressing issue, affecting household budgets, government policy, and everything […]
The Bessent Bounce

The Bessent Bounce

BESSENT BOUNCEScott Bessent’s nomination as the US Treasury head under President-elect Donald Trump looks set to take some of the steam out of the surging dollar on Monday. On this typical low liquidity period, the dollar displayed a sweeping retreat across all Group-of-10 currencies, with the euro, pound, and Aussie posting significant rallies against the […]
Market Briefing For Monday, Nov. 25

Market Briefing For Monday, Nov. 25

Incredible frustration must characterize mainstream money managers that missed what really happened in the week just past. Of course we’re honored, and patience relieved, that a handful of next-generation speculations soared nicely; but these are not alone in reflecting what I call a shift in market focus. You have pundits reviewing old-line tech and even cyclicals; […]