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Australian Dollar Hits Four-Month Low Amid Weak GDP Data

Australian Dollar Hits Four-Month Low Amid Weak GDP Data

Image Source: Pixabay  The Australian dollar fell to a four-month low of 0.6450 against the US dollar on Wednesday, following disappointing GDP data that heightened expectations for potential interest rate cuts by the Reserve Bank of Australia (RBA).The latest GDP figures revealed that Australia’s economy expanded by only 0.3% quarter-over-quarter in Q3, falling short of the […]
Australian Dollar Declines Amid Weak GDP Data

Australian Dollar Declines Amid Weak GDP Data

Image source: Pixabay  The Dow Jones (US30) fell by 0.17% on Tuesday. The S&P 500 Index (US500) was up 0.05%. The Nasdaq Technology Index (US100) was up 0.31%. Data released on Tuesday showed a modest increase in US job openings for October, while layoffs declined, indicating workers’ confidence in the labor market. US October JOLTS job […]
2020 Analogue Predicts Bitcoin’s Next Move Plus Ethereum Steals The Spotlight

2020 Analogue Predicts Bitcoin’s Next Move Plus Ethereum Steals The Spotlight

Image Source: Unsplash  Watch the video from the WLGC session before the market opens on 3 Dec 2024 to find out the following: What does Bitcoin’s 2020 analogue suggest about its next big move? How does Ethereum show short-term outperformance over Bitcoin? What does a meaningful pullback mean in Bitcoin? And a lot more… Video Length: 00:02:56 Market […]
Daily Market Outlook – Wednesday, Dec. 4

Daily Market Outlook – Wednesday, Dec. 4

Image Source: Pexels  Asian markets declined following South Korea’s political turmoil, triggered by a brief declaration of martial law that unsettled investors. The MSCI Asia Pacific Index fell by 0.3%, while the Kospi Index dropped as much as 2.3%. Japanese shares remained stable, while those in mainland China dipped. The Won appreciated after a decline in […]
Elliott Wave Technical Analysis – Nifty 50

Elliott Wave Technical Analysis – Nifty 50

NIFTY 50 (India) Elliott Wave Analysis Trading Lounge Day Chart NIFTY 50 (India) Elliott Wave Technical Analysis FUNCTION: Counter Trend MODE: Corrective STRUCTURE: Gray Wave B POSITION: Orange Wave 4 DIRECTION NEXT LOWER DEGREES: Gray Wave C DETAILS: Gray Wave A of 4 appears to have completed; Gray Wave B of 4 is now active. Wave Cancel […]
The Dollar And Oil Foresee A Santa Rally For Bonds

The Dollar And Oil Foresee A Santa Rally For Bonds

Bond yields are primarily driven by macroeconomic factors such as inflation and economic growth. Given their impact on inflation and the economy, the U.S. dollar and oil prices are frequently well correlated with bond yields. Therefore, bond traders often take their cue from the dollar and oil markets.The dollar (blue), as graphed on the right, […]
Two Trades To Watch: DAX, GBP/USD Forecast – Wednesday, Dec. 4

Two Trades To Watch: DAX, GBP/USD Forecast – Wednesday, Dec. 4

Image Source: Unsplash  DAX rises to record highs despite weak PMI data Dax tracks higher after Nasdaq 100 & S&P500 record highs German composite PMI falls to 47.2 DAX rises above 20k to record highs. After the S&P500 and the Nasdaq 100 closed at all-time highs, the DAX is following suit.The German index has reached fresh […]
Forex Today: South Korea Coup Attempt Fails

Forex Today: South Korea Coup Attempt Fails

Image Source: Pexels  An attempt by the President of South Korea to impose martial law failed yesterday after Parliament successfully ordered troops to stand down. In a very surprising move, the President of South Korea declared martial law yesterday, claiming that the opposition, which controlled the South Korean Parliament, was paralyzing the government and acting on […]
Aussie GDP, French Politics, And US Economic Data

Aussie GDP, French Politics, And US Economic Data

Image Source: Unsplash  Things have been mostly quiet in the FX market this week. It seems participants are perhaps waiting for additional cues that could come by way of today’s round of US economic data or developments out of France around the no-confidence vote and possibility for a collapse in the government.Video Length: 00:01:21More By This […]
Sensex Today Trades Higher; Nifty Above 24,500

Sensex Today Trades Higher; Nifty Above 24,500

Asian markets traded lower on Wednesday following a disruptive political crisis in South Korea.President Yoon Suk Yeol’s sudden imposition of emergency martial law, which was later revoked within hours, unsettled global markets and heightened uncertainty in the region.US stocks closed mixed on Tuesday as investors digested fresh jobs data and new Fedspeak regarding the path […]