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GBP/USD Forex Signal: Sterling Slumps

GBP/USD Forex Signal: Sterling Slumps

GBP/USD Slumps After BoE Decision; Selling favored at 1.2530, with buying at 1.2610. Sterling hits lows, affected by dovish BoE and Fed meetings. Eyes on US data, technicals suggest continued drop. Bearish view Sell the GBP/USD pair and set a take-profit at 1.2530. Add a stop-loss at 1.2650. Timeline: 1-2 days.  Bullish view Set a buy-stop […]
Daily Market Outlook – Monday, March 25

Daily Market Outlook – Monday, March 25

Image Source: Pexels  On Monday, Asian stock markets are trading with a mix of results, influenced by the global market trends from Friday. Some traders are considering taking profits from the recent market strength. There is also a sense of optimism regarding the future of interest rates after the US Fed’s recent monetary policy announcement. Although […]
USD/JPY Loses Ground On Monday After Intervention Talk

USD/JPY Loses Ground On Monday After Intervention Talk

USD/JPY drops slightly after intervention talk from Japan’s chief of FX, Masato Kanda.  Recent weakness in the Yen should be attributed to speculation not fundamentals, Kanda said.  The authorities may intervene to correct the situation, propping up the Yen.  USD/JPY is trading down almost a tenth of a percent in the 151.300s at the start of […]
FX Daily: PBoC Pushback Softens The Dollar Bull Case

FX Daily: PBoC Pushback Softens The Dollar Bull Case

Image Source: Pixabay  Last Friday, many were focused on the sharply higher USD/CNY and questioning whether Chinese authorities were allowing a new period of renminbi weakness. The PBoC has pushed back against that overnight. Looking ahead in this holiday-shortened week, we are all expecting a firm US inflation print on Friday. It’s another tough week for dollar bears. […]
Elliottwave Technical Analysis: U.S. Dollar/Japanese Yen Forex

Elliottwave Technical Analysis: U.S. Dollar/Japanese Yen Forex

Image Source: Pixabay  USDJPY Elliott Wave Analysis Trading Lounge Day Chart,  U.S.Dollar/Japanese Yen(USDJPY) Day Chart  USDJPY Elliott Wave Technical AnalysisFUNCTION: Counter Trend              MODE: Impulsive as C              STRUCTURE: blue wave C              POSITION: Black wave Z of B        DIRECTION […]
Market Briefing For Monday,March 25, 2024

Market Briefing For Monday,March 25, 2024

Quarter’s End is nearly upon us; the Fed Chairman’s candor drained lots of the questions about monetary policy; and the domestic growth profile says a trend to meaningfully lower interest rates isn’t necessary or essential; but in an Election Year and moaning by a majority of the population; they will..a bit.The overall market is due […]
Ethereum Crypto Price News Today – Elliottwave Technical Analysis

Ethereum Crypto Price News Today – Elliottwave Technical Analysis

Elliott Wave Analysis TradingLounge Daily ChartEthereum/ U.S. dollar(ETHUSD)ETHUSD Elliott Wave Technical AnalysisFunction: Follow TrendMode: MotiveStructure: ImpulsePosition: Wave (5)Direction Next higher Degrees: wave ((3))Wave Cancel invalid level:Details: Wave (4) may be complete and prices increase again in Wave (5)Ethereum/ U.S. dollar(ETHUSD)Trading Strategy:Ethereum as a whole is moving in an uptrend with an Impulse pattern where the […]
US30 | Dow Jones Analysis Today And Week Ahead Forecast –

US30 | Dow Jones Analysis Today And Week Ahead Forecast –

 More By This Author:Dow Jones Analysis Today & Week Ahead Forecast SP500 Analysis Today And Price Prediction Forecast USDCAD Analysis Today And Price Prediction Forecast
Economic Data Forecasts For The Weeks Of March 25 And April

Economic Data Forecasts For The Weeks Of March 25 And April

Here are my forecasts for upcoming economic data       Forecast Prior Observation   March 21       Initial Unemployment Claims 215K 209   Philadelphia Fed Survey 0.0 5.2   Current Account – Q4 -$209.0B -200.3           PMI Manufacturing Flash Index 52.2 52.2   PMI Services Flash Index 52.3 […]
Speculator Extremes: Peso, Silver, Aussie & Franc Lead Bullish & Bearish Positions 
                    
Here Are This Week’s Most Bullish Speculator Positions:
This Week’s Most Bearish Speculator Positions:

Speculator Extremes: Peso, Silver, Aussie & Franc Lead Bullish & Bearish Positions Here Are This Week’s Most Bullish Speculator Positions: This Week’s Most Bearish Speculator Positions:

The latest update for the weekly Commitment of Traders (COT) report was released by the Commodity Futures Trading Commission (CFTC) on Friday for data ending on March 19th.This weekly Extreme Positions report highlights the Most Bullish and Most Bearish Positions for the speculator category. Extreme positioning in these markets can foreshadow strong moves in the underlying market.To signify an extreme position, […]