Category Archive: Finance, No picture
Key Events In Developed Markets And EMEA This Week
This week, the main focus in the US will be the jobs report which is expected to indicate that hiring is slowing more meaningfully as economic uncertainty increases. In Turkey, all eyes will be on the release of December annual inflation which we expect to come in at 65.1% US: Jobs report expected to indicate that hiring […]
USD/CAD Price Analysis: Maintains Its Position Near 1.3330 Ahead Of The US Key Events
USD/CAD hovers near 1.3330 during the Asian session on Wednesday. The USD/CAD pair receives upward support as investors turn back to the US Dollar (USD) on risk-off sentiment.The technical analysis of the Moving Average Convergence Divergence (MACD) for the USD/CAD pair suggests a potential shift in the pair’s trend as the MACD line lies below the centreline […]
Oil And Natural Gas: Oil Is Retreating Below $70.00
Oil chart analysisOn the first trading day of this year, the oil price started successfully but was limited only to the $73.50 level. Additional flow in that zone creates the EMA50 moving average, and the price breaks below and falls to a new low for the year. During the Asian session, the price stayed around […]
Silver Price Analysis: Silver Hits Multi-Week Low, Seems Vulnerable Below 50% Fibo.
Silver (XAG/USD) remains under some selling pressure for the fourth successive day on Wednesday and drops to a near three-week low, below mid-$23.00s during the first half of the European session.With the latest leg down, the XAG/USD confirms a breakdown through the 50% Fibonacci retracement level of the $22.51-$24.61 move up and seems vulnerable to decline […]
MicroMarvel: Optex Systems – Undiscovered Optics
Image Source: DepositPhotosMicroMarvel is a series of articles highlighting undercovered stock with less than a billion dollars Market Capitalization. These articles are not intended to be buy recommendations. They highlight stocks that may have limited trading volume and may be highly volatile so if you do decide to add them to your portfolio I highly […]
Sensex Today Trades Lower; Adani Stocks Rally
Asian shares extended a global selloff on Wednesday while the dollar held gains as market optimism about early and aggressive US interest rate cuts ebbed ahead of the release of Fed minutes and jobs data.closed the first trading session of 2024 lower, weighed by a fall in Apple shares after a broker downgrade and declines […]
Outlook 2024: Gold Set To Make History
Image Source: Unsplash The gold market is poised to make history in 2024. It enters the New Year within striking distance of new all-time highs.How high will gold go? Much depends on how low interest rates and the U.S. dollar go.The Federal Reserve ended its rate hiking campaign last fall. It is expected to pivot toward […]
FX Daily: A Dollar Rally To Start The New Year
Image Source: Unsplash The dollar jumped yesterday as investors started to return from the long Christmas break. Markets are unwinding some dovish bets, and questioning stretched equity valuations, ultimately favoring defensive bets in FX. The dollar also tends to seasonally outperform at the start of the year. Today, the focus moves back to data, as well as […]
Has The Rally Lost Steam? Price, Momentum, And Volume Hold The Clues!
Watch the video extracted from the WLGC session before the market open on Jan 2, 2024 below to find out the following: The key support zone S&P 500 needs to hold How the market correction could unfold. The first red flag and the condition you need to know. The most important thing you should do to deal with the […]
XLV Making Strong Reaction Higher From Extreme Area
Image Source: PixabayIn this technical blog, we will look at the past performance of the 4-hour Elliott Wave Charts of XLV. We presented to members at the elliottwave-forecast. In which, the rally from 27 October 2023 low unfolded as an impulse structure. And showed a higher high sequence favored more upside extension to take place. Therefore, we advised members […]
