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Elliott Wave Technical Analysis: Copper – Wednesday, March 13

Elliott Wave Technical Analysis: Copper – Wednesday, March 13

Image Source: Pexels  Copper, a widely traded commodity, is currently exhibiting intriguing patterns within a crucial resistance zone, hinting at potential market dynamics. The formation of an ending diagonal pattern suggests a culmination of bullish momentum within this zone, possibly indicating an impending pullback before a continuation of the upward trend.Examining the larger framework on the […]
EUR/USD Extends Pullback Into Midweek

EUR/USD Extends Pullback Into Midweek

EUR/USD continues its steady decline into midweek after the release of higher-than-expected inflation data from the United States (US) reduced the chances of an early interest-rate cut from the Federal Reserve (Fed). The pair is trading in the 1.0920s at the time of publication, down from the last major peak in the 1.0980s on Friday. Investors have […]
Yes For YUM! Brands?

Yes For YUM! Brands?

Image Source: Unsplash  YUM! Brands is a leading global restaurant company that owns, operates, and franchises a portfolio of iconic brands.Their primary focus is on quick-service restaurants (QSR) across various cuisines. Yum! Brands is the powerhouse behind KFC (Kentucky Fried Chicken): Known for its signature fried chicken, Taco Bell: Famous for its Mexican-inspired fare, Pizza Hut: […]
USD/CAD Analysis: Another Bounce Higher As Range Remains Flexible

USD/CAD Analysis: Another Bounce Higher As Range Remains Flexible

The USD/CAD reacted to yesterday’s U.S CPI data with a run higher, but then eventually came back to values which had been on Friday of last week and this Monday. The USD/CAD is trading near the 1.34950 ratio as of this writing, while continuing to show a rather healthy range as financial institutions continue to […]
US Dollar/ Yen Commentary – Wednesday, March 13

US Dollar/ Yen Commentary – Wednesday, March 13

USD Rallies on Hotter InflationThe US Dollar is seeing better demand today on the back of yesterday’s February inflation report. Annualised CPI was seen rising to 3.2% from 3.1% prior with month over month readings moving to 0.4% from 0.3% on headline and remaining at 0.4% on core. With inflation proving sticky around current levels, […]
Politics And Trade In 2024

Politics And Trade In 2024

The Super Tuesday presidential primaries have come and gone in the United States. Along with them is any question of which political candidates will collect enough delegates to win their respective major party’s nomination for president in the 2024 elections. Barring unforeseen events, Donald Trump will be the Republican nominee and Joe Biden will be the Democratic […]
Coming Bitcoin Halving + 9 New Spot Bitcoin ETFs = Record High Bitcoin Price

Coming Bitcoin Halving + 9 New Spot Bitcoin ETFs = Record High Bitcoin Price

Image Source: Pixabay  IntroductionThe halving of Bitcoin mining rewards, anticipated to occur in April, has historically been associated with heightened investor interest and major price increases in the value of the cryptocurrency. This article provides some background on this halving event, information on 9 spot Bitcoin ETFs that came on the market this past January, and […]
Daily Market Outlook – Wednesday, March 13

Daily Market Outlook – Wednesday, March 13

Image Source: Unsplash  Most Asian stock markets are experiencing gains on Wednesday, taking direction from the overall positive performance of global markets. This was influenced by the favorable response to the long-awaited report on US consumer price inflation for February, which indicated a decrease in core price growth. This has increased optimism about the possibility of […]
AUD/USD Forex Signal: Inverse Head And Shoulders Pattern Forms

AUD/USD Forex Signal: Inverse Head And Shoulders Pattern Forms

Bullish view Buy the AUD/USD pair and set a take-profit at 0.6668. Add a stop-loss at 0.6545. Timeline: 1-2 days. Bearish view Set a sell-stop at 0.6585 and a take-profit at 0.6500. Add a stop-loss at 0.6660. The US dollar rebounded against the Aussie after the strong US consumer inflation report. The AUD/USD pair dropped […]
FX Daily: Dollar Starts To Look Cheap In The Short Term

FX Daily: Dollar Starts To Look Cheap In The Short Term

Image Source: Unsplash  The dollar has not benefited much from the hotter US CPI figures released yesterday, and we think there is some room for a rebound in the greenback before the end of the week. Today, the focus will be on the European Central Bank’s operational framework review. The FX impact should be limited though, and […]