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FX Daily: Geopolitics Just Another Reason To Hold Dollars

FX Daily: Geopolitics Just Another Reason To Hold Dollars

Image Source: Unsplash  If US exceptionalism and the potential for a second Trump administration weren’t enough to hold dollars, geopolitics and events in South Korea yesterday only add to the argument. Expect the market to keep one eye on Korea today, but also take note of central bank speakers and US data. In the CEE, we see […]
BTC/USD Forex Signal: Bitcoin Path To $100k Is Intact

BTC/USD Forex Signal: Bitcoin Path To $100k Is Intact

Bullish View Buy the BTC/USD pair and set a take-profit at 100,000. Add a stop-loss at 90,000. Timeline: 1-2 days. Bearish View Set a sell-stop at 94,000 and a take-profit at 90,000. Add a stop-loss at 100,000. The BTC/USD exchange rate remained in a tight range as it struggled to move above the important resistance […]
Oil Prices Rise As OPEC+ Extensions Boost Sentiment, But Gains May Be Capped

Oil Prices Rise As OPEC+ Extensions Boost Sentiment, But Gains May Be Capped

 Image Source: Unsplash   Oil prices extend gains on Wednesday as rising tensions in the Middle East raise supply concerns. American Petroleum Institute reported crude oil inventories in the US rose unexpectedly last week. OPEC+ is expected to extend production cuts, but oil prices may remain neutral following the decision. Oil prices extended gains from the […]
Elliott Wave Technical Analysis: Australian Dollar/U.S. Dollar – Wednesday, Dec. 4

Elliott Wave Technical Analysis: Australian Dollar/U.S. Dollar – Wednesday, Dec. 4

Australian Dollar/U.S. Dollar (AUDUSD) Day ChartAUDUSD Elliott Wave Technical Analysis FUNCTION: Bearish Trend MODE: Impulsive STRUCTURE: Orange Wave 3 POSITION: Navy Blue Wave 3 DIRECTION NEXT LOWER DEGREES: Orange Wave 3 (started) DETAILS: Orange Wave 2 appears to be completed; orange wave 3 is now active. Wave Cancel Invalidation Level: 0.65280 The AUD/USD daily chart reflects an […]
Metal Markets Report For Tuesday, Dec 3

Metal Markets Report For Tuesday, Dec 3

Image Source: PixabayIn this video, Ira Epstein reviews the day’s trading in the gold and other relevant metal markets.Video Length: 00:09:44More By This Author:Financial Markets Report For Tuesday, Dec 3Metal Markets Report For Monday, Dec 2SPDR ETF Report For Monday, Dec 2
Meta Becomes Latest Tech Giant To Embrace Nuclear Power With Open Arms

Meta Becomes Latest Tech Giant To Embrace Nuclear Power With Open Arms

Image Source: PixabayWe wrote back in early November that Mark Zuckerberg reportedly told META workers that plans to build an AI data center powered by nuclear energy were scrapped after rare bees were discovered on the proposed site.Now it looks like things could be back on track, according to new reporting from Axios, who writes that Meta is joining industry heavyweights […]
Australia: GDP Growth Firms Up In The Third Quarter

Australia: GDP Growth Firms Up In The Third Quarter

Image Source: Pexels Not that big a surprise after recent trade numbers  3Q24 GDP for Australia missed on the downside, coming in at 0.3% QoQ, well below the 0.5% figure that had been forecast. However, that consensus figure looked in doubt after yesterday’s net export contribution figures were published. These showed a smaller contribution to GDP […]
Current Report: MFA Financial

Current Report: MFA Financial

Image Source: PixabayMFA Financial Inc (MFA) is a specialty finance company that invests in and finances residential mortgage assets.Its principal business objective is to deliver shareholder value through the generation of distributable income and through asset performance linked to residential mortgage credit fundamentals.The company selectively invests in residential mortgage assets with a focus on credit analysis, […]
Gold Trading Strategy, XAUUSD Analysis & Forecast – Wednesday, Dec 4

Gold Trading Strategy, XAUUSD Analysis & Forecast – Wednesday, Dec 4

Image Source: DepositPhotosToday 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: 00:02:41More By This Author:Gold Trading Strategy, XAUUSD Analysis & Forecast […]
Elliott Wave Technical Analysis: Vechain Crypto Price News For Wednesday, December 4

Elliott Wave Technical Analysis: Vechain Crypto Price News For Wednesday, December 4

Image Source: UnsplashElliott Wave Analysis TradingLounge Daily ChartVechain/ U.S. dollar(VETUSD)VETUSD Elliott Wave Technical AnalysisFunction: Follow trendMode: MotiveStructure: ImpulsePosition: Wave IIIDirection Next higher Degrees: wave (I) of ImpulseWave Cancel invalid Level:Details: wave 2 is likely to end and price is rising again in wave 3.Vechain/ U.S. dollar(VETUSD)Trading Strategy: VeChain remains in an uptrend with an impulsive rally. We […]