Silver Prices Hit A One-Month High
Image Source: Pixabay The Dow Jones (US30) was down 0.35% on Tuesday. The S&P 500 Index (US500) closed negative 0.30%. The Nasdaq Technology Index (US100) fell by 0.34%. Investors were cautious ahead of Wednesday’s expected consumer inflation report, which could significantly impact Federal Reserve policy. Despite the market decline, the indices remain near record highs, driven […]
Will Markets End 2024 On A High Note?
The close of another eventful year in the financial markets approaches. Focus now shifts to a seasonal phenomenon that has intrigued investors for decades: the Santa Claus Rally. Known for its tendency to boost stock prices during the final trading days of December and the early days of January, this rally is once again in the […]
Daily Market Outlook – Wednesday, Dec. 11
Image Source: Pixabay Asian markets declined as investors awaited key US inflation figures to assess whether the Federal Reserve will lower or maintain interest rates in the upcoming week. China’s top policymakers are currently engaged in discussions regarding the potential decision to permit the yuan to depreciate in 2025. This consideration arises in the context of […]
Fed Balance Sheet Continues To Decline
Image Source: Pixabay Fed Balance SheetBelow is a chart posted and updated regularly by the Federal Reserve Bank of St. Louis… As can be seen in the above chart, total assets of the Federal Reserve Bank have declined by 22 percent since peaking in March 2022. The aforementioned peak was nearly simultaneous with the announcement by […]
Elliott Wave Technical Analysis: U.S. Dollar/Swiss Franc – Wednesday, Dec.11
USDCHF Elliott Wave Analysis – Trading Lounge Day Chart U.S. Dollar/Swiss Franc (USDCHF) Day ChartUSDCHF Elliott Wave Technical Analysis Function: Bullish Trend Mode: Impulsive Structure: Navy Blue Wave 3 Position: Gray Wave 3 Direction (Next Higher Degrees): Navy Blue Wave 3 (initiated) Details: Navy Blue Wave 2 appears complete, with Navy Blue Wave 3 currently in progress. Wave Invalid Level: 0.87344 The USDCHF […]
GBP/JPY Trades Above 194.00 After Recovering Recent Losses, US CPI Eyed
Photo by Colin Watts on Unsplash GBP/JPY recovers daily losses ahead of the US inflation report. The JPY depreciates due to uncertain expectations for BoJ’s further rate hikes. The Pound Sterling receives support from the increased likelihood of the BoE to keep its rates unchanged at 4.75% in December. GBP/JPY recovers its daily losses and extends its […]
MicroStrategy And Its Convertible Debt Scheme
MicroStrategy (MSTR) stock is soaring alongside Bitcoin. In the wake of extreme confidence, we fear many MicroStrategy investors fail to grasp the inherent risks with its unique convertible bond funding and leverage scheme. A recent podcast featuring Tom Lee presented some positive facts about MicroStrategy’s recent convertible bond offering but failed to tell the whole […]
EUR/USD Slides On ECB Dovish Bets, Firm US Dollar Ahead Of US Inflation
EUR/USD tests region below 1.0500 as the Euro (EUR) weakens, weighed by expectations of further ECB interest-rate cuts. The ECB is expected to cut its Deposit Facility rate by 25 bps on Thursday for the third meeting in a row. Investors await the US inflation data for fresh interest-rate guidance. EUR/USD extends its downside around […]
BTC/USD Forex Signal: Bitcoin Rally Hits A Barrier
Bearish View Sell the BTC/USD pair and set a take-profit at 93,500. Add a stop-loss at 96,500. Timeline: 1-2 days. Bullish View Set a buy-stop at 96,000 and a take-profit at 98,000. Add a stop-loss at 93,500. The BTC/USD pair remained under pressure as the recent surge in the cryptocurrency market waned. Bitcoin dropped below […]
Sensex Today Trades Flat; PNC Infratech Rallies 10%
Asian shares inched higher as traders await key US inflation data for clues on whether the Federal Reserve will cut or hold interest rates next week. The dollar snapped a three-day gain.South Korean equities rose for a second session, continuing a recovery after last week’s short-lived martial law event that thrust the country into political […]
