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Gold Drops Over 1% As Dollar Surges After Trump Threatens BRICS With ‘100% Tariffs’

Gold Drops Over 1% As Dollar Surges After Trump Threatens BRICS With ‘100% Tariffs’

 Image Source: Unsplash   Gold prices fell as a stronger dollar weighed on sentiments, limiting demand for the yellow metal. Trump threatened the BRICS bloc with 100% tariffs if they seek alternative to the dollar. Gold traders wait for key economic data from the US this week as the market expects a 25% rate cut by […]
Trump: The American Economy On Trial

Trump: The American Economy On Trial

Image Source: Pexels  Does Donald Trump’s election to a second term mark a turning point? On a US scale, it might. But in the course of history, it’s unlikely. His rise to power is merely a mirror image of the current era, which is ripe for a rise in nationalism as a result of the failures […]
Elliott Wave Technical Analysis: British Pound/U.S. Dollar – Monday, Dec. 2

Elliott Wave Technical Analysis: British Pound/U.S. Dollar – Monday, Dec. 2

British Pound/U.S. Dollar Tradinglounge AnalysisGBPUSD Elliott Wave Analysis: Daily ChartGBPUSD Elliott Wave Technical Analysis Function: Trend Mode: Impulsive Structure: Orange Wave 3 Position: Navy Blue Wave 3 Next Higher Degree Direction: Orange Wave 4 Details: Orange wave 2 appears complete, initiating orange wave 3 of navy blue wave 3. Wave Cancel Invalidation Level: 1.30502 Analysis OverviewThe analysis of the GBPUSD currency pair applies Elliott […]
Pound Sterling Loses 1.2700 Level Against US Dollar After Trump Defends USD Dominance

Pound Sterling Loses 1.2700 Level Against US Dollar After Trump Defends USD Dominance

The Pound Sterling falls on Monday against the US Dollar after Donald Trump threatened BRICS with 100% tariffs, supporting the Greenback.  Trump said he would impose tariffs if the trading group tried to replace the US Dollar with their own reserve currency.  Technically, GBP/USD remains in an uptrend, within which it is undergoing a correction.  […]
Trump Trade Adjustments In Process

Trump Trade Adjustments In Process

Image Source: Pixabay  There was an initial reaction to the Trump victory which led to a pricing in of Dollar bullish policies. And as is usually the case with these things, the market reacted more aggressively and is now in the process of adjusting that trade.Video Length: 00:01:25More By This Author:Month-End Dollar Outflows Persist Thin Trading […]
AUD/USD Forex Signal: Bearish Pennant, Death Cross Pattern Forms

AUD/USD Forex Signal: Bearish Pennant, Death Cross Pattern Forms

Bearish View Sell the AUD/USD pair and set a take-profit at 0.6450. Add a stop-loss at 0.6565. Timeline: 1-2 days. Bullish View Set a buy-stop at 0.6520 and a take-profit at 0.6600. Add a stop-loss at 0.6450. The AUD/USD pair was trading at 0.6515 on Monday morning, up by 1.25% from its last week’s low […]
FX Daily: US Data To Test The Dollar This Week

FX Daily: US Data To Test The Dollar This Week

Image Source: Pixabay  A much busier week in terms of US data will have a major say in whether the Fed cuts rates by 25bp on 18 December. US data poses some downside risks to the dollar, but the continued and expanding threat of tariffs from the incoming Trump administration should limit the size of the […]
Dogecoin Crypto Price News Today – Elliott Wave Technical Analysis

Dogecoin Crypto Price News Today – Elliott Wave Technical Analysis

DOGEUSD Elliott Wave Technical AnalysisFunction: Counter trendMode: CorrectiveStructure: FlatPosition: Wave ((C))Direction Next higher Degrees: wave (C) of ((4))Wave Cancel invalid Level:Details: The corrective of Wave ((4)) before Increase again in Wave ((3)) Dogecoin/ U.S. dollar(DOGEUSD)Trading Strategy:Five waves of wave III rally where we still missed two more moves, from a decline in wave ((4)) and another […]
Another BRICS In The Trade War Wall

Another BRICS In The Trade War Wall

EM FX IN FOCUSAs the new trading week dawns, all eyes are fixed on the dollar, particularly its traction against the currencies of emerging markets. President-elect Donald Trump’s latest confrontational stance toward the BRICS nations—Brazil, Russia, India, China, and South Africa—sparked this intensified focus.In a fiery tweet over the weekend, Trump issued an ultimatum to […]
Cardano Transactions Rise To Multi-Year Highs – Metrics Support Bullish Outlook 
                    
ADA Testing Crucial Supply

Cardano Transactions Rise To Multi-Year Highs – Metrics Support Bullish Outlook ADA Testing Crucial Supply

Cardano (ADA) is trading above the critical $1 level, fueling optimism among investors anticipating further upside in the coming weeks. After a strong bullish run in recent weeks, the recent pullback appears to be a temporary pause in an upward trend.Crucial on-chain data supports this outlook, indicating robust network activity that reinforces the bullish sentiment […]