Category Archive: Finance
XAGUSD Commodity Elliott Wave Technical Analysis – Tuesday, February 4
Silver Elliott Wave AnalysisSilver is turning higher from the low of December 2024 where the pullback from October 2024 may have been concluded. However, the commodity now approaches the key resistance zone around the top of 9-12 December highs. Around these prices, a large pullback may ensue. Despite this though, the upside is still well favored.Daily Chart Analysis After a […]
Solana $200 Level Recovery Looks ‘Very Solid’, Is The Bleeding Over?
As most of the crypto market remains in red, Solana (SOL) has started to recover from the market’s sharp correction. The cryptocurrency’s price has surged 7.5% in the last 24 hours, recovering from its three-week low and leading some analysts to suggest the bleeding might be over. Solana Falls To Three-Week LowOver the weekend, Solana recorded […]
Daily Market Outlook – Tuesday, Feb. 4
Image Source: Pixabay U.S. stock futures remain pressured, the dollar surged, and Hong Kong shares fell from their two-month peaks on Tuesday as the U.S. and China caused unease in financial markets with their reciprocal tariffs, raising concerns about a potentially harmful trade conflict. China retaliated swiftly against new U.S. tariffs, reinstating a trade conflict between […]
Momentum Strategies: Profitability, Predictability, And Risk Management
Image Source: Unsplash Momentum strategies have long been a cornerstone of investing, relying on the premise that past winners continue to outperform in the near future. This post explores the effectiveness of momentum strategies, analyzing their ability to generate abnormal returns and assessing their viability in different markets. While previous research has demonstrated the profitability of […]
USD/CAD Trades Cautiously Above 1.4400 As Trump Delays Tariffs On Canada
The USD/CAD pair trades with caution around 1.4430 in Tuesday’s European session. The Loonie pair is almost 2.6% down from its Monday’s high of 1.4800 as the Canadian Dollar (CAD) strengthens after United States (US) President Donald Trump postponed his order to impose 25% tariffs on Canada and Mexico.President Trump decided to delay tariff plans for 30 […]
Elliott Wave Technical Analysis: British Pound/U.S. Dollar – Tuesday, Feb. 4
British Pound/ U.S. Dollar (GBPUSD) – Day ChartGBPUSD Elliott Wave Technical Analysis Function: Trend Mode: Impulsive Structure: Orange Wave 3 Position: Navy Blue Wave 1 Direction Next Lower Degrees: Orange Wave 4 Details: Orange Wave 2 of Navy Blue Wave 1 appears to be completed, with Orange Wave 3 now in progress. Wave Cancel Invalidation Level: 1.22425 The daily chart analysis of the British Pound against the […]
GBP/USD Forex Signal: Weakly Bullish Above $1.2376
Today’s GBP/USD Signals Risk 0.75%. Trades may only be taken before 5pm London time today. Long Trade Ideas Go long following a bullish price action reversal on the H1 timeframe immediately upon the next touch of $1.2376 or $1.2335. Place the stop loss 1 pip below the local swing low. Move the stop loss to break even once the trade […]
FX Daily: Lessons From A Very Short Trade War
Image Source: Pexels Markets are readjusting after Trump’s last-minute deals with Mexico and Canada which delayed tariffs by a month. From now on, markets may well handle tariff threats even more cautiously, but a new layer of unpredictability argues against big dollar depreciation for now. Meanwhile, sterling is enjoying a rare haven status. USD: Rethinking FX […]
Uber Stock Forecast Ahead Of Earnings: Buy, Sell Or Hold?
Image Source: Unsplash Uber stock price has retreated in the past few months. The company will publish its fourth-quarter and full-year earnings. Uber and Wall Street analysts believe that it is undervalued. Uber stock price has remained in a technical bear market after falling by over 22% from its highest point in 2024. This retreat […]
Forex Today: Mexico And Canada Temporarily Cave Into Trump Tariff Pressure
Image Source: Unsplash Mexico and Canada made enough concessions to US pressure for the US to suspend the new tariffs for one month, a wider deal may now be negotiated. Market news remains dominated by tariffs. The USA implemented new tariffs against Mexico (25%), Canada (25% except energies at 10%), and China (10%). The new tariffs […]
