AUD/USD Price Forecast: Bullish Reversal Move Looks Likely
AUD/USD jumps to near 0.6420 with investors focusing on the RBA monetary policy announcement on Tuesday. The RBA is expected to leave interest rates steady at 4.35%. Investors expect the Fed to cut its key borrowing rates next week by 25 bps to 4.25%-4.50%. The AUD/USD pair finds temporary support and advances to near 0.6420 […]
Sensex Today Trades Marginally Lower; Nifty Below 24,700
Asian stocks were poised for a mixed opening on Monday as traders grappled with continued political upheaval in South Korea and awaited signs of fresh stimulus from Beijing. Oil was steady after the Syrian government was toppled.The S&P 500 and Nasdaq Composite rose to fresh records on Friday after November jobs data came in slightly […]
Elliott Wave Technical Analysis – Bitcoin Crypto Price News – Monday, Dec. 9
Elliott Wave Analysis TradingLoungeBitcoin/ U.S. dollar(BTCUSD)BTCUSD Elliott Wave Technical AnalysisFunction: Follow TrendMode: MotiveStructure: Impulseposition: Wave (3)Direction Next higher Degrees: wave VWave Cancel invalid level: Details: The five-wave rise of wave V is likely equivalent to wave (I).Bitcoin/ U.S. dollar(BTCUSD)Trading Strategy:Wave (3) appears to have ended and the price is now entering a correction phase in wave (4), so […]
Amid Geopolitical Hotbeds, Asia Starts The Week With Cautious Optimism
Image Source: PixabayUS MARKETSLast week, U.S. equity markets maintained their fiery upward momentum, cruising into the end of 2024 with unwavering optimism despite a haze of economic, geopolitical, and central bank uncertainties. With 2025 on the horizon, the fervour within the markets shows no signs of fading, especially after Friday’s labour market data hit the sweet […]
Market Briefing For Monday, Dec. 9
Extraordinary momentum dominates a handful of specialized sectors; just happening to be in the heart of the ‘new generation’ of focus we emphasized.You may recall certain analysts and pundits minimizing or warning about what was shaping-up in Quantum Computing, SoundHound, BigBear and so on; for now they still call all that signs of excess, but […]
UnitedHealth Tragedy Opens Deep Healthcare Wounds Context News
The murder of UnitedHealth insurance chief Brian Thompson in New York City on Wednesday morning has exposed deep social wounds wrought by U.S. healthcare. Public response in some venues has been stunningly callous: the $545 billion company’s Facebook post expressing sadness over the tragedy saw users register tens of thousands of laughing reaction emojis. In a nation […]
Possible Impact Of Trump’s Immigration, Economic And Trade Policies
Image Source: Pixabay One thing good about Donald Trump is that, whether one likes what he says or not, you know where he stands. So, it makes it somewhat easy to prognosticate what his economic policies will be like and forecast the effects they will have.First, his plans to deport 11 million illegal immigrants, of which […]
Is AI The Future For Salesforce? Insights From Recent Earnings
Image: BigstockSalesforce (CRM – Free Report) reported its fiscal Q3 earnings on Tuesday, revealing a mixed bag of results that still managed to excite investors. While the company slightly missed analyst estimates on earnings, it exceeded expectations on revenue, reporting $9.44 billion—a robust 8% year-over-year increase.Operating cash flow surged 29% year-over-year to $1.98 billion, with free cash flow climbing […]
U.S.-China Trade War: Is The Latest Battle Really Tit For Tat?
Image Source: PexelsThe United States and China have seemingly moved closer to an all-out trade war as China recently banned export of the key, high-tech metals antimony, gallium, and germanium to the United States. That was in response to the United States banning exports to China of computer chip-making equipment, software, and high-bandwidth memory chips (used for advanced […]
ETF Review – Sunday, Dec. 8
Image Source: PixabayI’m going to set aside my weekend dependence on videos (which are much easier than posts), and actually muster up some text and graphics instead. This time, I’d like to home in on a group of the key exchange-traded funds.First up is the DIA ETF, which has been cruising along its ascending price channel for, […]
