GBP/USD Price Forecast: Clings To Daily Gains Below 1.2700
The Pound Sterling clings to earlier gains yet trades off the weekly highs, which reached around 1.2749 during the European session. At the time of writing, the GBP/USD trades at 1.2684, virtually unchanged. GBP/USD Price Forecast: Technical outlookAlthough the GBP/USD is set for weekly gains of over 1.2%, price action suggests Cable didn’t find acceptance above 1.2700, […]
GBP/JPY Price Prediction: Testing Trendline As It Continues Sinking
GBP/JPY is trying to pierce the trendline for the uptrend since the August lows. If it is successful and decisively breaches the trendline, it will suggest a follow-through lower to a fresh downside target at 186.20, the 61.8% Fibonacci of the down move prior to the trendline (blue rectangle on chart). The pair is now in a short […]
Real Personal Income And Spending For October Were All Good; No Special Cause For Concern Yet About Inflation
Let me finish catching up this week with a quick look at personal income and spending, which were reported on Wednesday.The “big” takeaway I’ve seen elsewhere is that inflation picked up, and maybe will complicate the Fed’s task. But I don’t see where it’s such a big deal. The price index increased 0.2% for the […]
Sensex Today Rallies 759 Points; Nifty Above 24,100
After opening the day higher, Indian benchmark indices remained positive as the session progressed and ended the day on firm footing.The benchmark equity indices BSE Sensex ended the week’s last trading session in positive territory..At the closing bell, the BSE Sensex stood higher by 759 points (up 0.9%).Meanwhile, the NSE Nifty closed higher by 216 points (up 0.9%).Cipla, Sun […]
Trump’s New Canada-Mexico Tariffs: Not A Big Deal For Overall Economy
Image Source: Pixabay President Trump announced his plans to impose 25% tariffs on all goods imported from Canada and Mexico. We should take his announcement with a grain of salt—or maybe a whole shaker—but there’s no doubt that the new president will boost many tariffs.Last year the U.S. imported $419 billion of goods from Canada and $475 from […]
BTC Report: Bitcoin’s Market Cap. Surpasses $1.92T With Price Holding $97k
Image Source: Pexels Bitcoin (BTC) continues to capture the spotlight with significant market movements and influential updates. As Bitcoin’s price holds steady above $97,000, investors anticipate its potential to break the $100,000 barrier, fueled by bullish sentiment and strategic market maneuvers.Meanwhile, Ethereum’s ETFs have gained traction, and XRP’s recent surge adds to the dynamic landscape of […]
USD/JPY Price Prediction: Breaks Out Of Price Pattern And Declines
USD/JPY has broken out of a Broadening Formation pattern and is falling towards its target. The pair has probably reversed its short-term trend and risks now lie to the downside, in line with the bearish bias. USD/JPY has breached the bottom of a bearish Broadening Formation price pattern and is falling toward the first downside […]
Short And Sweet
Image Source: Pixabay It may be a slow day in the US with a shortened session, but it’s business as usual for the rest of the world. It was a busy day for data in Japan, and most of it was weaker than expected. Industrial Production, Retail Sales, and Housing Starts all missed expectations. At the […]
Grab These 3 Small-Cap Value Mutual Funds For Solid Returns
Image Source: Pixabay Small-cap value mutual funds provide excellent choices for investors looking for bargains, i.e., stocks at a discount with impressive growth potential. Value mutual funds comprise stocks trading at a discount to book value, low price-to-earnings ratios, and high dividend yields.Value investing is a very popular strategy and for a good reason. After all, […]
Ethereum Breaks Resistance Levels, Analyst Predicts Room For More Growth
Ethereum is finally seeing a notable rebound in its price as the second-largest cryptocurrency by market capitalization, which continues to break through significant resistance levels.Following its upward trajectory, seeing a nearly 10% increase in the past week, discussions about Ethereum potentially reaching a new all-time high by the year’s end have gained momentum.Notably, aligning with the ongoing ETH rally is […]
