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USD/JPY Forecast: Bulls Reclaim Key Levels

USD/JPY Forecast: Bulls Reclaim Key Levels

The USD/JPY currency pair has seen a resurgence in bullish momentum, with gains extending to the resistance level of 151.22 before stabilizing around 150.00 at the time of writing. This comes as the market awaits the release of US non-farm payroll data, which will have a significant impact on future expectations for the Bank of […]
Powell Sees A “More Cautious Fed” Ahead Of The November Employment Report

Powell Sees A “More Cautious Fed” Ahead Of The November Employment Report

The continued grind higher in the stock market has landed relative strength index (RSI) levels for both the S&P 500 and the Nasdaq Composite in overbought territory as they hit fresh record highs. Meanwhile, the Dow Jones Industrial Average, which isn’t our favorite stock market benchmark because it is comprised of just 30 stocks, crossed […]
US Dollar Edges Lower Ahead Of Jobless Claims, Trade Data

US Dollar Edges Lower Ahead Of Jobless Claims, Trade Data

 Image Source: Pexels   The US Dollar takes a step back with markets in a holding pattern towards Friday’s key NFP release.  Fed Chairman Jerome Powell issued a warning on the US debt’s unsustainable path.  The US Dollar Index (DXY) fails to close above the pivotal 106.50 level.   The US Dollar (USD) trades marginally softer on […]
Elliott Wave Technical Analysis – PayPal Holdings Inc.

Elliott Wave Technical Analysis – PayPal Holdings Inc.

PYPL Elliott Wave Analysis Trading LoungePayPal Holdings Inc., (PYPL) Daily ChartPYPL Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: MotivePOSITION: Wave {v} of C.DIRECTION: Upside into wave {v}.DETAILS: Looking for a potential ending diagonal in wave {v} as we approach 90$. We have passed equality of potential C vs. A which also makes us think we could be in a wave […]
FX Options Insights – Thursday, Dec. 5

FX Options Insights – Thursday, Dec. 5

Image Source: Unsplash  The upcoming NFP and ECB events have set EUR/USD FX options for volatility. Implied volatility reflects the actual risk of volatility, which is a crucial component of option premiums. Currently, the implied volatility for EUR/USD FX options is lower as the spot price remains steady above 1.0500. The implied volatility for a one-month […]
Momentum, Large-Cap Growth Set To Top Factors Returns In 2024

Momentum, Large-Cap Growth Set To Top Factors Returns In 2024

The winners keep on winning. That sums up the horse race for much of this year based on a set of ETFs targeting the main US equity factor risk premiums. Going in to the home stretch for 2024, the momentum and large-cap growth factors continue to post a commanding lead over the rest of the […]
Fall Of French Government Does Not Roil The Markets

Fall Of French Government Does Not Roil The Markets

 Image Source: Pixabay  Overview: The US dollar is mostly softer today. The only G10 currency that has not gained on it today is the Swedish krona, which is nursing minor losses. Still, the tone is one of consolidation and this may persist through the North American session, ahead of tomorrow US employment report. The median forecast in […]
USD/CAD Slides Back Closer To Mid-1.4000s Amid Modest USD Weakness

USD/CAD Slides Back Closer To Mid-1.4000s Amid Modest USD Weakness

The USD/CAD pair struggles to capitalize on its weekly gains registered over the past three days and attracts some sellers during the first half of the European session on Thursday. Spot prices slide closer to mid-1.4000s in the last hour, though any meaningful downfall still seems elusive ahead of the crucial monthly employment details from the US […]
Bitcoin Price Hits Historic $104,000: Key Factors Fueling The Surge

Bitcoin Price Hits Historic $104,000: Key Factors Fueling The Surge

Bitcoin has shattered previous records, soaring past the $100,000 milestone for the first time ever to reach an all-time high of $104,088 late Wednesday in New York. The flagship cryptocurrency had dipped to $94,587 on Wednesday but staged a remarkable comeback. Several key factors contributed to this unprecedented surge: #1 Fed Chair Powell Compares Bitcoin To […]
Gold Analysis: Will It Continue To Rise?

Gold Analysis: Will It Continue To Rise?

Gold prices have remained relatively unchanged following Federal Reserve Chairman Jerome Powell’s comments suggesting that the US economy remains resilient. As expected, the gold price index has been trading within a narrow range, awaiting the release of US non-farm payroll data on Friday. Gold prices today are stable around $2,655 per ounce at the time […]