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Archives by Year:
USD/CAD Forecast : US Dollar Falls Then Bounces Against The Canadian Dollar
The US dollar fell against the Canadian dollar during the trading session on Wednesday after the CPI numbers came out much lower than anticipated, reading 0.23% instead of 0.3% month over month in the United States. This had the US dollar suffering against most currencies, but we have since seen the US dollar turn things […]
Oil Reached The $80 Per Barrel
Image Source: Unsplash The Dow Jones (US30) rose 1.65% on Wednesday. The S&P 500 Index (US500) gained 1.83%. The Nasdaq Technology Index (US100) jumped 2.31%. The core inflation rate rose for the third consecutive month to 2.9% in line with expectations, but the core rate unexpectedly slowed to 3.2%. The data added confidence that the Fed […]
A Fresh Opportunity To Fade Bonds As A Marginal Change In Inflation Ignites A Near Oversold Market
Financial markets set up the next trade to fade the iShares 20+ Year Treasury Bond ETF (TLT). Stocks rallied (the S&P 500 gained 1.8%) and yields fell (TLT jumped 1.7%) as negative sentiment going into the December, 2024 CPI report was just barely low enough to set up a sharp relief rally on a marginal […]
Daily Market Outlook – Thursday, Jan. 16
Image Source: Pixabay Asian markets tracked Wall Street’s gains, driven by a dip in US core inflation that kept hopes of a Federal Reserve rate cut this year alive. Positive sentiment was also fuelled by robust earnings from U.S. banks such as Goldman Sachs, JPMorgan Chase, Wells Fargo, and Citigroup. Wall Street executives expressed confidence that […]
EUR/USD Stabilizes As US Inflation Cools Without Major Surprises
Image Source: Unsplash Following a nervous session last night, the EUR/USD pair is trading near 1.0285 on Thursday morning. The market is now stabilizing. Key developments influencing EUR/USDUS inflation data showed moderate growth, aligning with expectations. As forecast, the Consumer Price Index (CPI) rose by 0.4% m/m in December, maintaining an annualized rate of 2.9% y/y. […]
Elliott Wave Technical Analysis – U.S. Dollar/Japanese Yen
U.S. Dollar / Japanese Yen (USDJPY) Day ChartUSDJPY Elliott Wave Technical Analysis Function: Counter Trend Mode: Corrective Structure: Navy Blue Wave 2 Position: Gray Wave 1 Direction Next Higher Degrees: Navy Blue Wave 3 Details: Navy blue wave 1 appears completed; navy blue wave 2 is unfolding. Wave Cancel Invalidation Level: 139.533 The USDJPY pair is currently exhibiting a counter-trend movement, as […]
Upbit faces business suspension and fines over anti-money laundering violations
Key Takeaways Upbit is facing potential suspension and fines due to AML and KYC violations. The Financial Intelligence Unit found 700,000 KYC procedure failures at Upbit. Share this article Upbit, which dominates South Korea’s crypto trading market, faces potential business suspension and fines due to violations of anti-money laundering (AML) regulations, particularly regarding its Know […]
Two Trades To Watch: FTSE, EUR/USD Forecast – Thursday, Jan. 16
Image Source: Unsplash FTSE rises as the pound sinks and growth stalls UK GDP stalls at 0.1% vs 0.2% expected GBP/USD falls below 1.22 Miners led the index higher, tracking iron ore prices higher FTSE breaks out of range The FTSE 100 has risen to an over five-week high after weak GDP data sent the pound […]
TSMC Sees A 57% Fourth Quarter Profit Jump Amid AI Mania
Image Source: Unsplash Taiwan Semiconductor Manufacturing Co. (NYSE: TSM) continues to be a powerhouse in the global semiconductor industry, marking an extraordinary financial milestone with a 57% surge in fourth-quarter profits that reached NT$374.68 billion ($11.4 billion).This remarkable achievement, primarily driven by the exponential growth in artificial intelligence semiconductor demand, has positioned the company for even more […]
EUR/USD Trades Sideways As Trades Reassess Fed’s Monetary Policy Outlook
EUR/USD wobbles around 1.0300 as the US Dollar consolidates while traders re-evaluate the Fed’s likely interest rate outlook for the entire year. Traders see at least one interest rate cut this year after mixed US inflation data for December. ECB’s Villeroy sees the deposit facility rate sliding to 2% by the mid-year. EUR/USD consolidates around 1.0300 […]
