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The RBA Kept The Rate At 4.35%

The RBA Kept The Rate At 4.35%

Image Source: Pexels  At Monday’s close, the Dow Jones Index (US30) was down 0.54%. The S&P 500 Index (US500) fell by 0.61%. The Nasdaq Technology Index (US100) lost 0.84%. Stocks in the US started the week lower as Nvidia shares fell amid an antitrust investigation in China, and investors were cautious ahead of a crucial inflation […]
Two Trades To Watch: DAX, FTSE Forecast – Tuesday, Dec. 10

Two Trades To Watch: DAX, FTSE Forecast – Tuesday, Dec. 10

Image Source: Unsplash  DAX falls as inflation rises & SAP drops German inflation rises to 2.2% YoY in November SAP falls on read-across from Oracle’s weakness DAX hovers around its all-time high The DAX, along with its European peers, is heading lower following weaker-than-forecast Chinese import and export data and as investors weigh up German inflation […]
BTC/USD Forex Signal: Rising Wedge, Bearish Divergence Forms

BTC/USD Forex Signal: Rising Wedge, Bearish Divergence Forms

Bearish View Sell the BTC/USD pair and set a take-profit at 92,000. Add a stop-loss at 104,000. Timeline: 1-2 days. Bullish View Buy the BTC/USD pair and set a take-profit at 104,000. Add a stop-loss at 93,000. The BTC/USD pair retreated below 98,000 in the overnight session as the recent Bitcoin rally lost momentum. Bitcoin […]
RBA Holds But More Dovish Than Expected

RBA Holds But More Dovish Than Expected

Image Source: Pixabay  We’re seeing a lot of consolidation in markets ahead of some key economic data and central bank policy risk later this week. This includes tomorrow’s Bank of Canada decision and US inflation data, and an ECB decision on Thursday.Video Length: 00:00:42More By This Author:US Dollar Bid Returns After Solid Economic Data All Eyes […]
BTC/USD Forecast: Bitcoin Falls From Familiar Level 
                    
However, there are Levels I am Watching

BTC/USD Forecast: Bitcoin Falls From Familiar Level However, there are Levels I am Watching

In my daily analysis of Bitcoin, I feel like I am stuck in the movie “Groundhog Day.” For those of you not familiar, it’s essentially a movie where the protagonists wakes up in the same day over and over. In other words, he is really just living through a 24 hour timeframe. The same things […]
Sensex Today Trades Flat; ITI Jumps 8%

Sensex Today Trades Flat; ITI Jumps 8%

Most Asian equities rose after China’s top leaders signaled bolder stimulus next year as they seek to revive the world’s second-largest economy.Shares in Japan and South Korea gained, while futures showed the Hang Seng Index is poised to jump more than 3% at the open.US stock market indices ended lower on Monday weighed down by […]
FX Daily: China Provides Some Respite From Dollar Strength

FX Daily: China Provides Some Respite From Dollar Strength

Image Source: Unsplash  We should see little action before a busier second half of the week in the US and Eurozone. If anything, the USD should see some support ahead of tomorrow’s inflation numbers. Inflation numbers in Hungary and the Czech Republic dominate the EM space.  USD: China respiteThe dollar was a little softer against most […]
Elliott Wave Technical Analysis – Euro/U.S. Dollar – Tuesday, Dec. 10

Elliott Wave Technical Analysis – Euro/U.S. Dollar – Tuesday, Dec. 10

Euro/U.S. Dollar (EURUSD) – Day Chart AnalysisElliott Wave Technical Analysis Function: Counter Trend Mode: Impulsive Structure: Orange Wave 3 Position: Navy Blue Wave 3 of C Direction in Lower Degrees: Orange Wave 3 (in progress) Details: Orange Wave 2 appears completed, and Orange Wave 3 within Navy Blue Wave 3 is now active. Wave Cancel Invalidation […]
Elliott Wave View: Microsoft Shows Incomplete Impulsive Structure

Elliott Wave View: Microsoft Shows Incomplete Impulsive Structure

Image Source: UnsplashShort Term Elliott Wave in Microsoft (MSFT) suggests rally from 11.4.2024 low is unfolding as a 5 waves impulse. Up from 11.4.2024 low, wave 1 ended at 427 and pullback in wave 2 ended at 410.35 as the 1 hour chart below shows. Internal subdivision of wave 2 unfolded as an expanded flat Elliott Wave […]
Markets Becoming More Efficient: The Disappearing Index Effect

Markets Becoming More Efficient: The Disappearing Index Effect

Image Source: PexelsAmong the earliest challenges to the efficient markets hypothesis was the observation that stock prices react to investor demand unrelated to fundamentals. One example is the abnormal returns to additions and deletions to the S&P 500 Index. Robin Greenwood and Marco Sammon, authors of the September 2024 study “The Disappearing Index Effect,” examined the […]