Santa Rally Coming To Town?
The Santa Rally, a period of strong stock market performance in the last part of December. It exists due to a combination of psychological, market, and technical factors. Investor optimism during the holiday season, combined with the conclusion of tax-loss harvesting and fund managers’ year-end “window dressing,” often boosts buying activity. Low trading volumes during […]
Elliott Wave Technical Analysis – Advanced Micro Devices Inc.
AMD Elliott Wave Analysis Trading LoungeAdvanced Micro Devices Inc., (AMD) Daily ChartAMD Elliott Wave Technical AnalysisFUNCTION: Counter TrendMODE: CorrectiveSTRUCTURE: ComplexPOSITION: Wave c of (y) of {iv}.DIRECTION: Downside into wave c.DETAILS: Looking for continuation lower into wave c as we found resistance on top of TradingLevel2 at 200$ and we are now back at 120$ where we could be […]
Bank Of England Holds Interest Rates Steady As Inflation Pressures Persist
Image source: Pixabay Bank of England leaves interest rates unchanged at 4.75%. Inflation rose to 2.6% in November, driven by core goods and food. Policymakers signal caution amid labor market uncertainties and global risks. The Bank of England (BOE) ended its final meeting of 2024 with a decision to hold interest rates steady at 4.75%.The […]
GBP/USD Forecast: Dollar Surges Amid Hawkish FOMC
The GBP/USD forecast shows renewed support for the USD despite FOMC’s rate cut. The Fed left a hawkish statement regarding rate cuts in 2025. As a result, the pound collapsed despite lower expectations for Bank of England rate cuts. Market participants are now looking forward to US inflation data for more clues on the future […]
EUR/GBP Rises Sharply To Near 0.8250 After BoE Holds Rates Steady At 4.75%
Image Source: Pixabay EUR/GBP gains sharply to near 0.8260 after the BoE holds interest rates steady at 4.75%, as expected, with a 6-3 vote split. BoE Bailey refrained from committing a pre-defined rate cut path. The Euro performs strongly despite ECB officials guiding more interest rate cuts. The EUR/GBP pair climbs to near 0.8260 in […]
Bitcoin Exchange Reserves Hit Record Low, Could $120K Be On The Horizon?
Bitcoin has seen continuous bullish momentum in recent weeks resulting in the asset’s consistent new highs. According to recent analysis, this momentum appears to not just be random as it comes amid major moves behind the scenes.Particularly, recent data indicates that Bitcoin reserves have dropped to a historic low of 2.4 million, signaling a “supply shock” that has […]
Bank Of England Stays On Hold, But A Dovish Front Is Building
Image Source: Pexels Bank of England rates were maintained at 4.75% today, in line with expectations. However, the 6-3 vote split sent a moderately dovish signal to markets, prompting some dovish repricing and a weaker pound. We remain more dovish than market pricing for 2025.The Bank of England kept the Bank Rate at 4.75% today, as […]
AUD/USD Forex Signal: Aussie Dollar Slumps Ahead Of FOMC
Potential signal: I am a seller of this pair but need to see a bounce. I would be interested in shorting near the 0.65 level, with a stop at 0.66, and a target of 0.63 below. The AUD/USD has fallen rather significantly during the trading session on Wednesday as we wait for the FOMC meeting. The FOMC […]
Ethereum Price Falls 5%: Correction Or Start Of A Bigger Slide?
Ethereum price started a sharp decline below the $3,880 zone. ETH is down over 5% and is showing bearish signs below the $3,680 level. Ethereum started a fresh decline below the $3,800 zone. The price is trading below $3,680 and the 100-hourly Simple Moving Average. There is a new connecting bearish trend line forming with […]
BOE Decision Preview – Thursday, Dec. 19
Image source: Pixabay The market has already taken in the Fed and BOJ decisions and will now turn its attention to the BOE decision. As far as expectations go, the overwhelming consensus is calling for the Bank of England to hold steady on rates.Video Length: 00:01:29More By This Author:Fed Dot Plot Adjustment Shakes Up Financial Markets […]
