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Will USDCAD Rally Higher?

Will USDCAD Rally Higher?

Before the start of the January 13 2025 trading week we called for USDCAD to make a move lower first and terminate the wave ((ii)) which will then be followed by a rally higher. The Elliott Wave chart below advises to our members to watch for buying opportunities once the wave ((ii)) terminates with 1.4276 […]
Climbing Limo GDP Forecast For 2024-Q4

Climbing Limo GDP Forecast For 2024-Q4

The climbing limo method of forecasting future GDP in the United States projects the nation’s economic output in the fourth quarter of 2024 will be approximately $29.6 trillion.If that number sounds familiar, it’s nearly identical to the climbing limo’s forecast for 2024-Q3, in which we indicated that quarter’s nominal GDP would “be within a few percentage […]
GBP/JPY Falls To Near 189.50 Following Disappointing UK Retail Sales Data

GBP/JPY Falls To Near 189.50 Following Disappointing UK Retail Sales Data

GBP/JPY extends its losses for the third successive day, trading around 189.60 during the early European hours on Friday. The GBP/JPY cross loses ground as the Pound Sterling (GBP) depreciates following disappointing Retail Sales data from the United Kingdom (UK).UK Retail Sales unexpectedly fell by 0.3% month-on-month in December, following a 0.1% increase in November, with […]
FX Daily: All Eyes On Monday’s Inauguration

FX Daily: All Eyes On Monday’s Inauguration

Image Source: Unsplash  Markets may tread carefully today ahead of Monday’s inauguration of President Trump. There are lingering concerns about the “day one” measures, some of which are priced in, which could generate some volatility early next week. For now, the dollar may stay in a holding pattern, retaining its overvaluation against some tariff-sensitive currencies.  USD: Inflation still […]
Elliott Wave Technical Analysis – FTSE 100 (UK) Index

Elliott Wave Technical Analysis – FTSE 100 (UK) Index

FTSE 100 (UK) Elliott Wave Analysis – Trading Lounge Day ChartFTSE 100 (UK) Elliott Wave Technical Analysis Function: Bullish Trend Mode: Impulsive Structure: Orange wave 5 Position: Navy blue wave 3 Direction (Next Lower Degrees): Navy blue wave 4 DetailsThe FTSE 100 daily chart demonstrates a bullish trend according to Elliott Wave Analysis. The wave mode is impulsive, with a focus on orange wave five, driving […]
These 3 Companies Generate Serious Cash

These 3 Companies Generate Serious Cash

Image Source: UnsplashStrong cash flows reflect financial stability, allowing companies to pay down debt, pursue growth opportunities, and shell out dividend payments.These companies are also better equipped to weather an economic downturn, providing another beneficial advantage for investors from a long-term standpoint.And for those interested in investing in strong cash flows, three companies – Apple (AAPL – Free […]
US Dollar Index Moves Above 109.00, Upside Potential Seems Limited Due To Dovish Fed

US Dollar Index Moves Above 109.00, Upside Potential Seems Limited Due To Dovish Fed

Image Source: Pixabay The US Dollar Index could struggle due to the increased likelihood of the Fed lowering interest rates twice this year. US Retail Sales rose by 0.4% MoM in December, falling short of the market expectations of a 0.6% rise. US Treasury yields are expected to see a weekly decline of over 3%. The […]
EUR/USD Softens Below 1.0300 On ECB Gradual Rate Cut Bets

EUR/USD Softens Below 1.0300 On ECB Gradual Rate Cut Bets

Image Source: Pixabay EUR/USD trades in negative territory around 1.0290 in Friday’s early European session.  The ECB highlighted gradual rate cuts amid economic uncertainties.  Uncertainty over Trump’s policies dampens prospects for Fed rate cuts despite easing US inflation.  The EUR/USD pair weakens to near 1.0290 during the early European session on Friday. The expectation of further rate […]
Gold Price Moves Away From One-Month Top Amid Renewed USD Buying Interest

Gold Price Moves Away From One-Month Top Amid Renewed USD Buying Interest

Photo by Dmitry Demidko on Unsplash Gold price pulls back from a one-month high amid the emergence of some USD dip-buying.  Israel-Hamas ceasefire deal exerts additional pressure on the safe-haven XAU/USD pair. Bets for additional rate cuts by the Fed should cap the buck and support the precious metal. Gold price (XAU/USD) edges lower on the last day of […]
Hang Seng Index Forms A Bullish Pattern After Strong China GDP Data

Hang Seng Index Forms A Bullish Pattern After Strong China GDP Data

Image Source: Pexels The Hang Seng index rose after the relatively strong Chinese economic data. The country expanded by 5.4% in the fourth quarter and hit the 5% target for the year. The Hang Seng has formed a falling wedge chart pattern pointing to more gains. The Hang Seng index bounced back this week after China […]