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FX Daily: EUR/USD Bears Survive The ECB Test

FX Daily: EUR/USD Bears Survive The ECB Test

Image Source: PixabayThe dollar is largely holding onto gains as this week’s US inflation data has come in on the firm side and kept USD rates supported. EUR/USD bears have also survived the ECB test, where Christine Lagarde has not proved as dovish as some might have expected. The calendar is quiet today and again we see […]
ETH/USD Forecast: Can ETH Break $4,000?

ETH/USD Forecast: Can ETH Break $4,000?

Image Source: Pixabay Ethereum’s had a good day on Thursday rallying about 3%, but more importantly, threatening that crucial $4,000 level. $4,000 is a large round psychologically significant figure. In this case, more importantly, near the all-time highs back earlier this year. Video Length: 00:02:18So, the question is, now can we break out? I think the […]
XAG/USD Falls To Near $31.00 After Breaking Below Ascending Channel

XAG/USD Falls To Near $31.00 After Breaking Below Ascending Channel

Image Source: Pixabay Silver price extends its losses amid a momentum shift to bearish from bullish bias. The emergence of the bearish bias is confirmed as the 14-day RSI breaks below the 50 mark. XAG/USD may find immediate barriers at the 14-day EMA at $31.17, aligned with the nine-day EMA at $31.22. Silver price (XAG/USD) extends its […]
Gold Price Surrenders Major Part Of Intraday Gains; Downside Potential Seems Limited

Gold Price Surrenders Major Part Of Intraday Gains; Downside Potential Seems Limited

Image Source: Pixabay Gold price struggles to capitalize on its modest intraday gains amid mixed fundamental cues. Expectations for a less dovish Fed and elevated US bond yields cap gains for the XAU/USD. Geopolitical risks, trade war fears and Fed rate cut bets could lend support to the precious metal. Gold price (XAU/USD) surrenders a major part […]
These 2 Mag 7 Members Just Broke All Time Highs

These 2 Mag 7 Members Just Broke All Time Highs

Image Source: PexelsRecently, several Mag 7 members – Tesla (TSLA – Free Report) and Alphabet (GOOGL – Free Report) – have hit fresh all-time highs, reflecting considerably bullish momentum. Stocks making new highs tend to make even higher highs, particularly when a company’s outlook remains positive.Should investors tap into the momentum? Let’s take a closer look at how each titan […]
Ledger faces scrutiny after user claims $2.5M in Bitcoin, NFTs stolen

Ledger faces scrutiny after user claims $2.5M in Bitcoin, NFTs stolen

Key Takeaways A user reported losing $2.5 million in Bitcoin and NFTs due to a security breach on a Ledger Nano S. The incident has raised questions about Ledger’s security practices, prompting community scrutiny. Share this article Ledger’s security practices are under scrutiny after a crypto user reported losing approximately $2.5 million in digital assets […]
Metal Markets Report For Thursday, Dec 12

Metal Markets Report For Thursday, Dec 12

Image Source: PixabayIn this video, Ira Epstein reviews the day’s trading in the gold and other relevant metal markets.Video Length: 00:11:21More By This Author:Financial Markets Report For Thursday, Dec 12Metal Markets Report For Wednesday, Dec 11SPDR ETF Report For Wednesday, Dec 11
Bonds Try To Weigh On A Market Trying To Look Past Stabilizing Inflation

Bonds Try To Weigh On A Market Trying To Look Past Stabilizing Inflation

Image Source: PixabayThe Consumer Price Index (CPI) for November met “expectations”. As a result, the latest confirmation that inflation is stabilizing and stopping short of the Federal Reserve’s target did not seem to bother the stock market. It is still possible for the market to look past the aggregate inflation dynamic by focusing on components like […]
Elliott Wave Technical Analysis: Bitcoin Crypto Price News For Friday, Dec 13

Elliott Wave Technical Analysis: Bitcoin Crypto Price News For Friday, Dec 13

Image Source: UnsplashElliott Wave Analysis TradingLounge Daily ChartBitcoin/ U.S. dollar(BTCUSD)BTCUSD Elliott Wave Technical AnalysisFunction: Follow TrendMode: MotiveStructure: Impulseposition: Wave ((3))Direction Next higher Degrees: wave VWave Cancel invalid level:Details: The five-wave rise of wave V is likely equivalent to wave (I).Bitcoin/ U.S. dollar(BTCUSD)Trading Strategy: Wave (3) appears to have ended and the price is now entering a correction phase […]
WTI Consolidates Around $69.65-$69.70 Area, Below Monthly Peak Set On Thursday

WTI Consolidates Around $69.65-$69.70 Area, Below Monthly Peak Set On Thursday

Image Source: Pixabay WTI oscillates in a narrow trading band and is influenced by a combination of diverging factors. Concerns about slowing fuel demand and increasing supply act as a headwind for the commodity. Geopolitical risks remain in play and hold back bears from placing bets around the black liquid. West Texas Intermediate (WTI) US Crude […]