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Daily Market Outlook – Wednesday, Dec. 11

Daily Market Outlook – Wednesday, Dec. 11

Image Source: Pixabay  Asian markets declined as investors awaited key US inflation figures to assess whether the Federal Reserve will lower or maintain interest rates in the upcoming week. China’s top policymakers are currently engaged in discussions regarding the potential decision to permit the yuan to depreciate in 2025. This consideration arises in the context of […]
Fed Balance Sheet Continues To Decline

Fed Balance Sheet Continues To Decline

Image Source: Pixabay  Fed Balance SheetBelow is a chart posted and updated regularly by the Federal Reserve Bank of St. Louis… As can be seen in the above chart, total assets of the Federal Reserve Bank have declined by 22 percent since peaking in March 2022. The aforementioned peak was nearly simultaneous with the announcement by […]
Gold Trading Strategy Today – Wednesday, Dec. 11

Gold Trading Strategy Today – Wednesday, Dec. 11

Image Source: Unsplash  Today you will see Gold price prediction based on the technical analysis. What is the support and resistance on the daily time frame for XAUUSD. What to expect where the price will breakout for the XAUUSD based on the supply and demand zones.Video Length: 00:03:43More By This Author:Gold Trading Strategy, XAUUSD Analysis & Forecast […]
Elliott Wave Technical Analysis: U.S. Dollar/Swiss Franc – Wednesday, Dec.11

Elliott Wave Technical Analysis: U.S. Dollar/Swiss Franc – Wednesday, Dec.11

USDCHF Elliott Wave Analysis – Trading Lounge Day Chart U.S. Dollar/Swiss Franc (USDCHF) Day ChartUSDCHF Elliott Wave Technical Analysis Function: Bullish Trend Mode: Impulsive Structure: Navy Blue Wave 3 Position: Gray Wave 3 Direction (Next Higher Degrees): Navy Blue Wave 3 (initiated) Details: Navy Blue Wave 2 appears complete, with Navy Blue Wave 3 currently in progress. Wave Invalid Level: 0.87344 The USDCHF […]
Oil Prices Steady On Rising China Demand Hopes And Geopolitical Tensions

Oil Prices Steady On Rising China Demand Hopes And Geopolitical Tensions

 Image Source: Unsplash   Oil prices rose on Wednesday as hopes of a revival in demand from China boosted sentiments. China’s oil imports rose on a year-on-year basis for the first time in six months during November. China’s Politburo on Monday decided on a more expansive monetary policy to boost economic activities. Oil prices rose on […]
GBP/JPY Trades Above 194.00 After Recovering Recent Losses, US CPI Eyed

GBP/JPY Trades Above 194.00 After Recovering Recent Losses, US CPI Eyed

 Photo by Colin Watts on Unsplash    GBP/JPY recovers daily losses ahead of the US inflation report. The JPY depreciates due to uncertain expectations for BoJ’s further rate hikes. The Pound Sterling receives support from the increased likelihood of the BoE to keep its rates unchanged at 4.75% in December. GBP/JPY recovers its daily losses and extends its […]
FX Daily: What Today’s BoC Decision May Mean For The Fed And The Dollar

FX Daily: What Today’s BoC Decision May Mean For The Fed And The Dollar

Image Source: Unsplash  The dollar has come back bid this week. Any upside surprise to today’s US November core CPI number would trigger another leg higher in the dollar – as would only a 25bp rate cut from the Bank of Canada. This is because a 50bp rate cut is widely expected from the BoC and a […]
MicroStrategy And Its Convertible Debt Scheme

MicroStrategy And Its Convertible Debt Scheme

MicroStrategy (MSTR) stock is soaring alongside Bitcoin. In the wake of extreme confidence, we fear many MicroStrategy investors fail to grasp the inherent risks with its unique convertible bond funding and leverage scheme. A recent podcast featuring Tom Lee presented some positive facts about MicroStrategy’s recent convertible bond offering but failed to tell the whole […]
EUR/USD Slides On ECB Dovish Bets, Firm US Dollar Ahead Of US Inflation

EUR/USD Slides On ECB Dovish Bets, Firm US Dollar Ahead Of US Inflation

EUR/USD tests region below 1.0500 as the Euro (EUR) weakens, weighed by expectations of further ECB interest-rate cuts. The ECB is expected to cut its Deposit Facility rate by 25 bps on Thursday for the third meeting in a row. Investors await the US inflation data for fresh interest-rate guidance. EUR/USD extends its downside around […]
BTC/USD Forex Signal: Bitcoin Rally Hits A Barrier

BTC/USD Forex Signal: Bitcoin Rally Hits A Barrier

Bearish View Sell the BTC/USD pair and set a take-profit at 93,500. Add a stop-loss at 96,500. Timeline: 1-2 days. Bullish View Set a buy-stop at 96,000 and a take-profit at 98,000. Add a stop-loss at 93,500. The BTC/USD pair remained under pressure as the recent surge in the cryptocurrency market waned. Bitcoin dropped below […]