EUR/USD Trades Sideways Ahead Of Fed Policy Outcome
Dec 18, 2024
Jeremy Parkinson
Finance
EUR/USD consolidates in a tight range near 1.0500, with investors focusing on the Fed’s policy meeting. The Fed is widely expected to cut interest rates by 25 bps but to deliver slightly hawkish remarks on policy guidance. ECB’s Rehn said that inflation stabilizing near the central bank’s target of 2% paves the way for more […]
BTC/USD Forex Signal: Bitcoin Surges, But Bearish Divergence Forms
Dec 18, 2024
Jeremy Parkinson
Finance
Bullish View Buy the BTC/USD pair and set a take-profit at 110,000. Add a stop-loss at 104,000. Timeline: 1-2 days. Bearish View Set a sell-stop at 106,000 and a take-profit at 103,000. Add a stop-loss at 110,000. The BTC/USD pair continued its strong rally, reaching an all-time high, as demand for Bitcoin surged. Bitcoin soared […]
Commodity Currencies Are Struggling
Dec 18, 2024
Jeremy Parkinson
Finance
Image Source: Pixabay The commodity bloc currencies have been hit hard of late and are once again extending declines to multi-month lows against the US Dollar. We are seeing a clear divergence in monetary policy outlooks, with deteriorating economic data in Australia, New Zealand, and Canada weighing on the respective currencies.Video Length: 00:01:04More By This Author:Euro […]
Elliott Wave Technical Analysis: Euro/U.S. Dollar – Wednesday, Dec. 18
Dec 18, 2024
Jeremy Parkinson
Finance
EURUSD Elliott Wave Analysis Trading LoungeEuro/U.S. Dollar (EURUSD) Day ChartEURUSD Elliott Wave Technical Analysis Function: Bearish Trend Mode: Impulsive Structure: Orange Wave 3 Position: Navy Blue Wave 3 Direction Next Lower Degrees: Orange Wave 3 (Started) Details: Orange wave 2 is considered complete. Currently, orange wave 3 of navy blue wave 3 is in progress. Wave […]
FX Daily: Cautious Fed Cut Shouldn’t Interfere With Strong Dollar
Dec 18, 2024
Jeremy Parkinson
Finance, No picture
Image Source: Unsplash We expect the Federal Reserve to deliver a consensus 25bp cut today, but also to scale back on guidance for rate cuts next year. We think this will allow the dollar to stay firm into year-end as wide differentials remain highly favorable for the greenback. UK inflation rose as expected in November, which only […]
USD/CAD Marks Fresh Multi-Year Highs Near 1.4350, Awaits Fed’s Guidance
Dec 18, 2024
Jeremy Parkinson
Finance
Photo by Michelle Spollen on Unsplash USD/CAD has marked 1.4329, a level not seen since March 2020, on Wednesday. The Canadian Dollar faces challenges due to the dovish BoC and domestic political uncertainty. CME FedWatch tool suggests almost fully pricing in a 25 basis point cut on Wednesday. USD/CAD extends its winning streak for the fifth consecutive day, trading […]
Is Broadcom A Better Stock To Buy Than Nvidia?
Dec 18, 2024
Jeremy Parkinson
Finance, No picture
Image Source: UnsplashA big earnings report last week from Broadcom (AVGO – Free Report). The company reported EPS of $1.42 on revenues of $14.1 billion. That beat on the bottom line though inline with revenue expectations. The company raised its dividend by 11% while commenting that its AI revenues for the year have more than tripled. The company is developing custom […]
Metal Markets Report For Tuesday, Dec 17
Dec 18, 2024
Jeremy Parkinson
Finance
Image Source: PixabayIn this video, Ira Epstein reviews the day’s trading in the gold and other relevant metal markets.Video Length: 00:06:11 More By This Author:Financial Markets Report For Tuesday, Dec 17Metal Markets Report For Monday, Dec 16Financial Markets Report For Monday, Dec 16
Elliott Wave Technical Analysis: AAVE Crypto Price News For Wednesday, Dec 18
Dec 18, 2024
Jeremy Parkinson
Finance
Image Source: PixabayElliott Wave Analysis TradingLounge Daily ChartAAVE/ U.S. dollar(AAVEUSD)AAVEUSD Elliott Wave Technical AnalysisFunction: Follow TrendMode: MotiveStructure: ImpulsePosition: Wave IIIDirection Next higher Degrees: Wave (III) of ImpulseWave Cancel invalid Level: 125.280Details: The five-wave likely goes up to test 482 Level. AAVE/ U.S. dollar(AAVEUSD)Trading Strategy: Wave (3) appears to have ended and the price is now entering a […]
UK CPI Inflation Climbs To 2.6% YoY In November, As Expected
Dec 18, 2024
Jeremy Parkinson
Finance
Image Source: Pixabay United Kingdom’s annual CPI jumped 2.6% in November vs. 2.6% forecast. British inflation eased to 0.1% MoM in November vs. 0.1% aniticpated. GBP/USD keeps range near 1.2700 after UK CPI inflation data. The United Kingdom (UK) Consumer Price Index (CPI) edged higher by 2.6% on a yearly basis in November after recording a 2.3% growth […]