Category Archive: Finance, No picture
AUD/USD Plunges To Near 0.6400 As Weak Aussie GDP Boosts RBA Dovish Bets
Image Source: Unsplash AUD/USD plummets to near 0.6400 as the Australian Dollar weakens after slower-than-expected Australian Q3 GDP growth. Soft Aussie Q3 GDP data has boosted expectations for RBA interest rate cuts in April 2025. The US Dollar gains higher ahead of Fed Powell’s speech. The AUD/USD pair dives more than 1% to near the round-level […]
2020 Analogue Predicts Bitcoin’s Next Move Plus Ethereum Steals The Spotlight
Image Source: Unsplash Watch the video from the WLGC session before the market opens on 3 Dec 2024 to find out the following: What does Bitcoin’s 2020 analogue suggest about its next big move? How does Ethereum show short-term outperformance over Bitcoin? What does a meaningful pullback mean in Bitcoin? And a lot more… Video Length: 00:02:56 Market […]
Two Trades To Watch: DAX, GBP/USD Forecast – Wednesday, Dec. 4
Image Source: Unsplash DAX rises to record highs despite weak PMI data Dax tracks higher after Nasdaq 100 & S&P500 record highs German composite PMI falls to 47.2 DAX rises above 20k to record highs. After the S&P500 and the Nasdaq 100 closed at all-time highs, the DAX is following suit.The German index has reached fresh […]
Aussie GDP, French Politics, And US Economic Data
Image Source: Unsplash Things have been mostly quiet in the FX market this week. It seems participants are perhaps waiting for additional cues that could come by way of today’s round of US economic data or developments out of France around the no-confidence vote and possibility for a collapse in the government.Video Length: 00:01:21More By This […]
FX Daily: Geopolitics Just Another Reason To Hold Dollars
Image Source: Unsplash If US exceptionalism and the potential for a second Trump administration weren’t enough to hold dollars, geopolitics and events in South Korea yesterday only add to the argument. Expect the market to keep one eye on Korea today, but also take note of central bank speakers and US data. In the CEE, we see […]
Oil Prices Rise As OPEC+ Extensions Boost Sentiment, But Gains May Be Capped
Image Source: Unsplash Oil prices extend gains on Wednesday as rising tensions in the Middle East raise supply concerns. American Petroleum Institute reported crude oil inventories in the US rose unexpectedly last week. OPEC+ is expected to extend production cuts, but oil prices may remain neutral following the decision. Oil prices extended gains from the […]
Meta Becomes Latest Tech Giant To Embrace Nuclear Power With Open Arms
Image Source: PixabayWe wrote back in early November that Mark Zuckerberg reportedly told META workers that plans to build an AI data center powered by nuclear energy were scrapped after rare bees were discovered on the proposed site.Now it looks like things could be back on track, according to new reporting from Axios, who writes that Meta is joining industry heavyweights […]
Elliott Wave Technical Analysis: Vechain Crypto Price News For Wednesday, December 4
Image Source: UnsplashElliott Wave Analysis TradingLounge Daily ChartVechain/ U.S. dollar(VETUSD)VETUSD Elliott Wave Technical AnalysisFunction: Follow trendMode: MotiveStructure: ImpulsePosition: Wave IIIDirection Next higher Degrees: wave (I) of ImpulseWave Cancel invalid Level:Details: wave 2 is likely to end and price is rising again in wave 3.Vechain/ U.S. dollar(VETUSD)Trading Strategy: VeChain remains in an uptrend with an impulsive rally. We […]
JOLTS Posts Bigger Numbers; CRM, OKTA Beat In Q3
Image Source: UnsplashIt’s deja vu all over again, to quote the great Yogi Berra. The S&P 500 and the Nasdaq have once again notched new closing highs this afternoon, and for the third session in a row. That said, the S&P rally does look a bit long in the tooth, as the new record high is […]
TRON jumps 85% to new record high, market cap tops $36 billion
Key Takeaways TRON’s TRX token soared to an all-time high of $0.43 with a 85% single-day increase. TRX’s market value surged from $19 billion to $36.7 billion in 24 hours. Share this article Tron’s TRX token staged a sunshine comeback, exploding 85% within a day, shattering its previous high of $0.23, and soaring to a […]
