GBP/USD Continues Its Rally: Third Day Of Buying
Photo by Colin Watts on Unsplash The GBP/USD pair has risen to 1.2711, marking the third day of sustained buyer activity. This upward movement comes from comments from Bank of England Governor Andrew Bailey, who hinted at potential interest rate cuts in 2025 if the consumer price index (CPI) continues its downward trajectory.In a recent interview, Governor Bailey […]
The Gold Bull Market Still Has Another 6 Years To Run
In 1980, we did a cycle study of gold going back about 400 years. Of course, we had to go back to the early years in England. Our cycle studies in 1980 said there would be 20 year bear market in gold, which no one believed. But the bear market was exactly 20 years, lasting until […]
Daily Market Outlook – Thursday, Dec. 5
Image Source: Pexels Asian markets displayed mixed results on Thursday after Wall Street reached record highs. A disappointing report on U.S. services data heightened investor optimism about the possibility of an interest rate cut by the Federal Reserve. Overnight, the S&P 500, Nasdaq, and Dow all set new record levels. The price of one bitcoin has […]
Bitcoin Has Surpassed The $100,000 Mark For The First Time
Image Source: Pexels At the end of Wednesday, the Dow Jones Index (US30) rose by 0.69%. The S&P 500 Index (US500) was up 0.61%. The Nasdaq Technology Index (US100) was up 1.24%. All three major US stock indices closed at record highs. Market sentiment was buoyed by strong momentum in the technology sector and encouraging earnings […]
Seasonal Strength: Dax’s Strong Year-End Rally
Germany’s business outlook worsened in November, with the Ifo index dropping to 85.7, lower than expected, due to political instability and concerns over potential US trade tariffs under a Trump re-election. The country faces a second consecutive year of contraction, compounded by weak industrial and automotive sectors. However, consumption remains a bright spot. Bundesbank President […]
Pound Sterling Gains As BoE Bailey Sticks To Gradual Easing Approach
The Pound Sterling rises as BoE Governor Andrew Bailey sticks to follow a gradual policy-easing approach. Financial market participants expect the BoE to keep interest rates steady in the policy meeting on December 19. Fed Powell expects that the central bank has the comfort of becoming “cautious” on interest-rate cuts. The Pound Sterling (GBP) gains against […]
Elliott Wave Technical Analysis: U.S. Dollar/Japanese Yen – Thursday, Dec. 5
U.S. Dollar/Japanese Yen (USDJPY) Day Chart AnalysisUSDJPY Elliott Wave Technical Analysis Function: Bullish Trend Mode: Impulsive Structure: Navy Blue Wave 3 Position: Gray Wave 1 Direction (Next Higher Degrees): Navy Blue Wave 3 (Initiated) Details: Navy Blue Wave 2 appears completed, and Navy Blue Wave 3 is currently in progress. Wave Cancel Invalidation Level: 139.504 Analysis OverviewThe daily chart for USDJPY applies […]
Sensex Today Trades Higher And Nifty Above 24,500
Asia-Pacific markets traded mixed Thursday after Wall Street stock benchmarks notched record highs, shrugging off global political turmoil.Investors are continuing to monitor the political situation in South Korea and France.A tech rally boosted US stocks on Wednesday, with all three major indexes hitting new record closes, as investors digested Federal Reserve Chair Jerome Powell’s comments […]
BTC Report: Trading Volume Skyrockets, Price Soars Past $100k
Image Source: Pexels Bitcoin (BITCOMP) has once again captured the spotlight in financial, surging to unprecedented heights and sparking fervor across the financial landscape. The cryptocurrency has reached a new peak, hitting a record $103,091.89 and crossing the psychologically important $100,000 level.This monumental rise is fueled by a confluence of factors, including substantial inflows into spot […]
Gold Must Demonstrate Resilience To Downward Pressure For Sustained Upside Potential
Image Source: Pixabay Gold was little changed on Thursday as safe haven demand was limited despite France and South Korea turmoil. Experts believe that gold prices need to consolidate gains for further upside momentum. Traders are still pricing in a 73.8% probability of US Fed cutting rates by 25 basis points later this month. Gold […]
