USD/CHF Price Forecast: Recovers From Lows, Bulls Target 0.8800
USD/CHF bounces off, marking a 0.12% rise as market sentiment weighs on safe-haven currencies. Technical analysis suggests a potential for further gains if the pair surpasses the 0.8800 resistance level. Downside risk remains if USD/CHF dips below 0.8750, with subsequent support targets at 0.8726 and 0.8700. The US Dollar pares some of its earlier losses […]
Elevated Investor Sentiment And Volatility/Options Dynamics Probably Favor Contrarians
In a seasonally favorable period, new highs keep coming for the major US equity indices. This has pushed several sentiment indicators into gross overbought territory.The S&P 500 last Friday enjoyed its 56th all-time high for the year. With three weeks of trading left, 2024 is up 27.7 percent. This comes after a 24.2-percent jump last year. […]
Bitcoin Price At Crossroads: Will It Stabilize And Surge Again?
Bitcoin price recovered losses and climbed above $95,000. BTC is now consolidating and facing hurdles near the $101,250 resistance zone. Bitcoin started a fresh increase after it dropped toward the $90,000 zone. The price is trading below $100,000 and the 100 hourly Simple moving average. There is a key bullish trend line forming with support […]
Bear Of The Day: Jack In The Box Inc. Time to Stay Away from JACK Stock?
Jack in the Box Inc. (JACK) offered disappointing guidance when it reported its fourth quarter and full-year 2024 results on November 20. The fast-food company pointed to a “difficult top-line macro environment” as part of the reason for its lackluster showing.Jack in the Box shares have tumbled 40% in the last year, highlighting a rough decade compared […]
GBP/USD Analysis: Selling Strategy May Strengthen In Coming Days
US Inflation Data Crucial for the Currency PairAccording to Bloomberg Economics, US headline inflation is expected to be 0.2% month-on-month and 2.6% year-on-year last month, matching October’s figures. Forward-looking pricing and early submissions to the Bloomberg survey align with these expectations. For the Federal Reserve, steady inflation is likely to signal caution when assessing interest […]
ETH/USD Forecast: Breaks Above 4K Support Levels Below
But really, I think you also have to keep in mind that the market does not operate in a vacuum. It needs Bitcoin to pick it up. If Ethereum pulls back, and it probably will sooner rather than later, there should be plenty of support near the $3,600 Support Levels BelowWe also probably have a little […]
Silver Price Forecast: XAG/USD Posts Fresh Four-week High $31.50 As Fed Dovish Bets Soar
Silver price (XAG/USD) surges above $31.50 at the start of the week. The white metal strengthens as financial market participants become increasingly confident that the Federal Reserve (Fed) will cut interest rates by 25 basis points (bps) to 4.25%-4.50% in the policy meeting on December 18.According to the CME FedWatch tool, the probability for the Fed to cut […]
Is Inflation About To Come Roaring Back?
Has inflation been slain?According to the official data, the answer is “maybe” at best, but most likely “no.”There are three official inflation measures in the U.S. They are: The Consumer Price Index (CPI). The Producer Price Index (PPI). Personal Consumption Expenditures (PCE). CPI has effectively stopped declining for six months now. A lot of commentators […]
EUR/USD Outlook: Fed Rate Cut Odds Boost Euro
The EUR/USD outlook shows some strength in the euro as the dollar drops due to increasing bets for a December Fed rate cut. Meanwhile, traders remained cautious ahead of key US inflation data that will continue shaping the outlook for US monetary policy. The greenback fluctuated on Friday when data showed a mixed picture of the […]
EUR/USD Analysis: Price Awaits ECB Decisions Under Selling Pressure
At the beginning of another significant trading week, the EUR/USD currency pair is stabilizing on the downside around 1.0566 after failing to break above the 1.0630 resistance level last Friday. Obviously, this follows the release of stronger-than-expected US jobs data. The EUR/USD pair may remain in a narrow range with a bearish bias until the […]
