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US Market Commentary – Monday, April 8

US Market Commentary – Monday, April 8

USD on WatchWe’re seeing plenty of USD volatility risk this week as traders brace for the latest US inflation readings, due on Wednesday. On Friday, the latest US jobs data once again came in above forecasts, further muddying the waters for those looking to establish clarity on when the Fed is likely to begin easing. US […]
USD/TRY Forecast: Economic Shifts

USD/TRY Forecast: Economic Shifts

Signals for the Lira Against the Dollar Today Risk 0.50%. Best Buying Points: Open a buy order at 31.50. Set a stop-loss order below 31.15. Move the stop-loss to the entry point and follow the profit with a price movement of 50 pips. Close half the contracts at a profit of 70 pips and leave […]
Industrial Metals Monthly: Why Copper And Iron Ore Prices Are Diverging

Industrial Metals Monthly: Why Copper And Iron Ore Prices Are Diverging

YTD metals performance % Source: LME, SGX, ING Research  Copper and iron ore prices are divergingPrices of copper and iron ore diverging quickly with copper prices surging above $9,000/t, while iron ore is trading closer to the $100/t level.China’s concerns over the ongoing property crisis have weighed on the iron ore market, while copper benefits from […]
USD/CAD Price Analysis: Retreats To 1.3600 As US Dollar Stays On Sidelines Ahead Of US Inflation

USD/CAD Price Analysis: Retreats To 1.3600 As US Dollar Stays On Sidelines Ahead Of US Inflation

The USD/CAD pair falls back to the round-level support of 1.3600 in Monday’s European session. The Loonie asset drops as the US Dollar fails to catch bid despite traders pare expectations for the Federal Reserve (Fed) to begin reducing interest rates from the June meeting.Investors do not see the Fed reducing interest rates in June as strong United […]
Analytical Overview Of The Main Currency Pairs – Monday, April 8

Analytical Overview Of The Main Currency Pairs – Monday, April 8

The EUR/USD currency pairTechnical indicators of the currency pair: Prev Open: 1.0833 Prev Close: 1.0832 % chg. over the last day: +0.02% The dollar was supported on Friday after the US Non-Farm Payrolls data rose more than expected, reinforcing expectations that the Fed will not be in a hurry to cut interest rates. US Non-Farm Payrolls for March […]
AAVE Token Crypto Price News Today Elliott Wave Technical Analysis

AAVE Token Crypto Price News Today Elliott Wave Technical Analysis

Elliott Wave Analysis TradingLounge Daily Chart AAVE/ U.S. dollar(AAVEUSD) AAVEUSD Elliott Wave Technical Analysis Function: Counter Trend Mode: Corrective Structure: Zigzag Position: Wave C Direction Next higher Degrees: Wave ((2)) of Impulse Wave Cancel invalid Level: 81.238 Details: Wave ((2)) maybe is complete and the price increase in wave ((3))AAVE/ U.S. dollar(AAVEUSD)Trading Strategy: Overall AAVE […]
Canadian Lithium Overview And Why Stria Lithium Might Be An Undervalued Investment Option

Canadian Lithium Overview And Why Stria Lithium Might Be An Undervalued Investment Option

Lithium potential in CanadaBased on a cursory examination of official information, at least five jurisdictions are seen to have lithium projects in Canada: Québec, Ontario, Manitoba, Alberta, and Saskatchewan. Globally, Canada appears in eighth position (together with DRC) in lithium resources and sixth place in lithium reserves. There is no doubt that the potential of lithium in […]
Microsoft Expands AiIFootprint With New London Office

Microsoft Expands AiIFootprint With New London Office

Microsoft, a leading technology firm, announced its plans to establish a new office in London, exclusively dedicated to artificial intelligence (AI) research and development.Mustafa Suleyman, the CEO of Microsoft AI, revealed that the company will soon begin advertising roles for “exceptional individuals” in the field of AI. Microsoft to hire talent for London officeWhile the exact number of […]
USD/CAD Forecast: CAD Retreats, USD Advances On Jobs Data

USD/CAD Forecast: CAD Retreats, USD Advances On Jobs Data

The USD/CAD forecast points northward as the Canadian dollar weakens while the dollar holds on to gains after Friday’s employment figures. Traders are scaling back expectations for a Fed cut in June while simultaneously increasing bets for a BoC cut in June.On Friday, data revealed that Canada’s economy unexpectedly shed 2,200 jobs in March. Meanwhile, […]
Bitcoin Above $72,000 As Digital Asset Products See Surge In Inflows

Bitcoin Above $72,000 As Digital Asset Products See Surge In Inflows

Digital asset investment products attracted $646 million in inflows last week, with Bitcoin receiving the lion’s share. BTC saw its price jumped 4.5% to above $72,000 today.Digital assets witnessed a surge in investor interest last week, as evidenced by the recent inflows into various digital asset investment products. Last week, $646 million poured into these vehicles, pushing […]