Daily Market Outlook – Monday, Dec. 2
Image Source: Pixabay The dollar is gaining momentum on Monday, recovering some of the losses from last week, partly due to unusual supportive remarks from the U.S. President-elect Donald Trump. Although 100% tariffs seem unlikely, his latest comments indicate a shift from his previous stance, where he openly advocated for a weaker dollar to address the […]
Donald Trump Threatens The BRICS Bloc With High Tariffs
Image Source: Pexels The Dow Jones Index (US30) was up 0.42% on Friday (+2.37% for the week). The S&P 500 Index (US500) added 0.56% (for the week +1.48%). The Nasdaq Technology Index (US100) increased by 0.90% (for the week +0.93%). Stocks rose moderately on Friday, with the S&P 500 and Dow Jones Industrials hitting new all-time […]
Sensex Today Trades Lower; Nifty Below 24,100; Aegis Logistics Drags 6%
Equities rose across Asia on Monday following another record day on Wall Street, with traders also cheered by data suggesting China’s economic malaise is showing signs of easing.Hong Kong and Shanghai were among the best performers after data showed Chinese manufacturing activity expanded at a faster clip than expected in November.US equities joined a global […]
Forex Today: Trump Threatens BRICS Against De-Dollarization
Image source: Pixabay President-Elect Trump posted a strong warning to the BRICS nations over the weekend against pursuing an alternative currency of reserve to the US Dollar. While President-Elect Trump seems to have learned to moderate his language a bit since his first term of office, he was back in characteristic form over the weekend, when […]
Why BTCUSD Is Our Largest Position…
“We are a part of nature, and inside each of us is a wild self that knows deeply what it is meant to do. Inside each of us is a natural innate knowledge of why we are here. Tracking is a function of directing attention, bringing our awareness back to this subtle inner trail of […]
Trump: The American Economy On Trial
Image Source: Pexels Does Donald Trump’s election to a second term mark a turning point? On a US scale, it might. But in the course of history, it’s unlikely. His rise to power is merely a mirror image of the current era, which is ripe for a rise in nationalism as a result of the failures […]
Elliott Wave Technical Analysis: British Pound/U.S. Dollar – Monday, Dec. 2
British Pound/U.S. Dollar Tradinglounge AnalysisGBPUSD Elliott Wave Analysis: Daily ChartGBPUSD Elliott Wave Technical Analysis Function: Trend Mode: Impulsive Structure: Orange Wave 3 Position: Navy Blue Wave 3 Next Higher Degree Direction: Orange Wave 4 Details: Orange wave 2 appears complete, initiating orange wave 3 of navy blue wave 3. Wave Cancel Invalidation Level: 1.30502 Analysis OverviewThe analysis of the GBPUSD currency pair applies Elliott […]
Pound Sterling Loses 1.2700 Level Against US Dollar After Trump Defends USD Dominance
The Pound Sterling falls on Monday against the US Dollar after Donald Trump threatened BRICS with 100% tariffs, supporting the Greenback. Trump said he would impose tariffs if the trading group tried to replace the US Dollar with their own reserve currency. Technically, GBP/USD remains in an uptrend, within which it is undergoing a correction. […]
Trump Trade Adjustments In Process
Image Source: Pixabay There was an initial reaction to the Trump victory which led to a pricing in of Dollar bullish policies. And as is usually the case with these things, the market reacted more aggressively and is now in the process of adjusting that trade.Video Length: 00:01:25More By This Author:Month-End Dollar Outflows Persist Thin Trading […]
AUD/USD Forex Signal: Bearish Pennant, Death Cross Pattern Forms
Bearish View Sell the AUD/USD pair and set a take-profit at 0.6450. Add a stop-loss at 0.6565. Timeline: 1-2 days. Bullish View Set a buy-stop at 0.6520 and a take-profit at 0.6600. Add a stop-loss at 0.6450. The AUD/USD pair was trading at 0.6515 on Monday morning, up by 1.25% from its last week’s low […]
