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XRP Surges 12% As Bulls Take Charge, Expert Raises Target To $1.4

XRP Surges 12% As Bulls Take Charge, Expert Raises Target To $1.4

XRP has shown notable signs of renewed bullish momentum in the market. It bounced back from a significant 11% price drop on April 12th, which took the token to its lowest level of the year at $0.4230. However, last week saw a solid 12% price recovery, with XRP outperforming the other top 10 altcoins in the market, behind […]
Asia Morning Bites – Wednesday, April 24

Asia Morning Bites – Wednesday, April 24

Australian March and first-quarter 2024 inflation and a no-change decision from Bank Indonesia due. Global Macro and Markets Global Markets:  US Treasury yields dropped slightly yesterday as the manufacturing PMI dropped into contraction territory and a strong auction for USD69bn of two-year Treasuries buoyed prices. There is a USD70bn 5Y auction today and a USD44bn 7Y auction on […]
GBP/USD Price Analysis: Rises To Near 1.2450 Despite The Bearish Sentiment

GBP/USD Price Analysis: Rises To Near 1.2450 Despite The Bearish Sentiment

GBP/USD has been on the rise for the second consecutive day, trading around 1.2450 in Asian trading on Wednesday. However, the pair is still below the pullback resistance at 1.2518, which coincides with the lower boundary of the descending triangle at 1.2510. Furthermore, the 14-day Relative Strength Index (RSI) is below the 50 level, indicating […]
EURUSD Stages Rebound: Correction Or Downtrend Pause?

EURUSD Stages Rebound: Correction Or Downtrend Pause?

EURUSD has displayed a promising sign, potentially interrupting its recent decline. This analysis examines the technical situation and explores potential scenarios for the currency pair. EURUSD Breaches Resistance: Upside Move Suggests Correction: EURUSD has broken above the resistance level at 1.0689 and reached a high of 1.0713. This breakout suggests a potential correction for the downtrend that began at […]
Elliott Wave Technical Analysis: Theta Token Crypto Price News

Elliott Wave Technical Analysis: Theta Token Crypto Price News

Image Source: PexelsElliott Wave Analysis TradingLounge Daily Chart Theta Token/ U.S. dollar(THETAUSD) THETAUSD Elliott Wave Technical Analysis Function: Follow trend    Mode: Motive Structure:  Impulse Position:  Wave ((5)) Direction Next higher Degrees: wave I of Impulse Wave Cancel invalid Level: Details: Wave ((4) may is complete and the Price entry to uptrend againTheta Token/ U.S. dollar(THETAUSD)Trading Strategy: The […]
Metals Report For Tuesday, April 23

Metals Report For Tuesday, April 23

Image Source: PixabayIn this video, Ira Epstein reviews the day’s trading in the gold and other relevant metal markets.Video Length: 00:07:59More By This Author:Financial Markets Report For Tuesday, April 23 SPDR ETF Report For Monday, April 22 Metals Report For Monday, April 22
Let This Be Your Last Battlefield

Let This Be Your Last Battlefield

Image Source: UnsplashI would like to propose the counter-trend bounce is largely done. The Dow Industrials added 1,000 points from last week’s low, and the Nasdaq futures have been hammered out a series of violent “lower highs” for weeks now.Wednesday could be very telling, but if we have a down or flat day, the H&S on […]
Tesla Up +7% After Q1 Misses, TXN, Visa Beat On Top & Bottom

Tesla Up +7% After Q1 Misses, TXN, Visa Beat On Top & Bottom

Image Source: UnsplashTwo sessions into the trading week, things are looking up. Since bottoming out Friday afternoon, down as much as -4% in just a couple of days, we’re now in the green for three of four major indices as of Tuesday’s close. The Dow picked up +263 points, +0.69%, while the S&P 500 almost doubled […]
Externalities Should Be Handled With Care

Externalities Should Be Handled With Care

Image Source: UnsplashThe Financial Times has an interesting interview with Esther Duflo, who was awarded the Nobel Prize in Economics in 2019. She argues that developed nations have a moral duty to compensate poor countries for the damage done by carbon emissions: If you combine these three numbers, you get basically the money value of the cost of […]
Quick Look At The Economic Modern Family

Quick Look At The Economic Modern Family

While I am extremely focused on commodities as outlined in Monday’s Daily, my viewpoint for most equities remains cautious to neutral.What might turn us to be more bullish?I love these weekly charts.Let’s analyze.Going from the top row left to right we start with Granny Retail.3 weeks ago, XRT failed the weekly channel giving us a […]