Category Archive: Finance, No picture
Forex And Cryptocurrencies Forecast For Nov. 27 – Dec. 1
Image Source: Unsplash EUR/USD: The Day of Thanksgiving and the Week of Contradictions The American currency came under significant pressure on Nov. 14 following the release of the Consumer Price Index (CPI) report in the US. In October, the Consumer Price Index decreased from 0.4% to 0% (month-over-month), and on an annual basis, it dropped from 3.7% to […]
Weekly Market Outlook – Another Week, Another Win. But This Is Where Things Get Tough
Image Source: UnsplashThe Thanksgiving holiday may have kept market activity to a minimum this past week. But, as is usually the case, what little action there was this week leaned in a bullish direction. The S&P 500 closed about 1% higher for the full week on Friday, marking the fourth consecutive week of gains.While the tide […]
US30 Analysis & US30 Week Ahead Forecast – Saturday, November 25
Photo by Yiorgos Ntrahas on UnsplashUS30 did not stop this week at the resistance at 34972.40. The price made a breakout to the upside on Monday and confirmed on Tuesday. Tuesday’s bearish candle that did not return below 34972.40 was a confirmation of a bullish breakout that took the price to 35394.21 where the price […]
Looser Financial Conditions Are A Problem For The Fed
Market Review And UpdateWe hope that you and your families had a wonderful and blessed Thanksgiving with your families. We are also taking a much-needed break but wanted to provide you with an update on this week’s market action.Last week, we noted that:“Market rallies are common heading into year-end, and this rally is no different. […]
Technical Market Report – Saturday, November 25
The good news is:The market had another good week. The NegativesThe market is overbought.All of the major indices are up close to 10% this November.The first chart covers the last 6 months showing the S&P 500 (SPX) in red and a 10% trend (19 day EMA) of NYSE new highs (NY NH) in green. Dashed vertical […]
Week Ahead: US PCE Deflator, EMU CPI, China PMI, OPEC+, And COP28
Photo by Alexander Grey on UnsplashThe dollar fell against all the G10 currencies last week. The dollar-bloc currencies, sterling, and the Scandis led the move, appreciating by about 0.55%-1.40% against the US dollar. The dollar bloc and sterling recorded new highs for the month ahead of the weekend. Against the others, the dollar spent most […]
USDX Weekly Technical Analysis – Saturday, November 25
Photo by Nicholas Cappello on UnsplashUSDX is still losing value where the price reached the demand zone around 103.31 and then retracted back to 104.20 supply zone. From there the price was pushed back down and currently is heading again to the 103.31 demand zone. USDX has lost bullish strength from the 107.12 price level […]
NAS100 Forex Weekly Technical Analysis Today 25.11.2023 #nas100
NAS100 continued its bullish move from the last week and reached 15965.47 resistance level. The price did not make a retrace to 15631.00 support level which was expected. This shows bullish strength on the market. Weekly and monthly time frames show critical levels for the bulls. The price 16000.00 is very important in order to […]
BTC VS Gold: Who’s The Clear Winner?
Photo by André François McKenzie on UnsplashThe narrative of money supply and debt skyrocketing is not new. It’s been a constant theme for decades, with the ceiling continually rising. The concept of hard money, while understood and agreed upon by some, holds little sway in today’s society. Why, you ask?The concept of hard money, which […]
VIX Index Has Slumped: Time To Buy Memeinator?
Photo by Maxim Hopman on UnsplashThe CBOE Volatility Index (VIX) has been a major underperformer this year. It ended the week at $12.45, the lowest point since January 2020. A closer look shows that it has slumped by over 85% from its pandemic highs. Volatility eases as risk assets riseThe VIX index has crashed at the […]
