ETH/USD Forecast: Pressures Major Resistance Bitcoin Still Matters
During my daily analysis of the cryptocurrency markets, the Ethereum market has caught my attention as we are racing toward the crucial $3600 level. The $3600 level has been resistant multiple times in the past, but it is worth noting that we have broken above it a couple of times also. In other words, it’s […]
Slashing $2 Trillion From “The Swamp” – Three Things
Image Source: Pixabay There is no way to cut federal spending without reconfiguring the economy from the ground up, starting with healthcare.The words “government” and “efficiency” are rarely found in each other’s company, because efficiency isn’t integral to the function of government the way it is in private enterprise.Efficiency is an oft-stated goal, of course, and […]
The Dollar Index Fell To A Two-Week Low
Image Source: Pexels At Wednesday’s close, the Dow Jones Industrial Average (US30) was down 0.31%. The S&P 500 Index (US500) was down 0.38%. The Nasdaq Technology Index (US100) decreased by 0.85%. Negative corporate news on Wednesday pressured the broad market. Dell Technologies (DELL) closed down more than 12% after reporting weaker-than-expected total net revenue for the […]
EUR/USD Forecast: Euro Gains Amid Dollar Weakness
The Euro has rallied a bit during the early hours on Wednesday as we have seen the United States dollar give back some of its gains. The US dollar was a little overbought. So, it’s not a huge surprise to see that things are starting to shift in another direction. That being said, I think […]
Elliott Wave Technical Analysis – The TJX Companies Inc.
The TJX Companies Inc., (TJX) Daily ChartTJX Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: MotivePOSITION: Wave {v} of 3 of (5).DIRECTION: Upside into wave 3.DETAILS: Looking for upside into wave {v}, equality of 3 vs. 1 stands at 126$ therefore near the end of MinorGroup1. Next upside target would be 1.618 3 vs. 1 at 213$.The […]
Thin Trading Conditions For Remainder Of Week
Image Source: Pexels Wednesday’s round of pre-holiday US data came in mostly as expected on the whole. This left the market thinking about month-end flow, which leaned heavily out of the Buck’s favor. US markets are closed for the Thanksgiving holiday.Video Length: 00:00:32More By This Author:Big Day Of US Data Ahead Of Holiday Canadian Dollar Crushed […]
The ISM Economic Figures And The Power Behind Them
In our analyses, we regularly examine current movements, identify possible influencing factors and assess the general market situation. However, these are not recommendations, but merely opinions and food for thought.Perhaps it is not ideal to discuss hard economic figures the day before Thanksgiving. But US investors will also be confronted with a flood of figures […]
Eurozone Sentiment Shows Surprise Resistance In November
Image Source: Pexels The unexpected rise in the European Commission’s economic sentiment indicator should reassure ECB hawks in opposing a 50bp rate cut in December.Folowing last week’s declining PMIs, the European Commission’s economic sentiment indicator (ESI) just brought a small positive surprise.In November, the ESI increased marginally to 95.8, from 95.7 in October. Looking at the […]
Bitcoin Sell-Side Pressure Dominated By New Holders, Research Shows
Bitcoin (BITCOMP) remains resilient, trading close to the $100,000 mark despite a recent correction that led to over $500 million in liquidations, predominantly from long positions. A recent report by Glassnode analyzes the cohorts driving the sell-side pressure during this ongoing bull run. Majority Of Sell-Side Pressure Coming From New Market EntrantsAccording to Glassnode’s report titled “The […]
The Ruble Under Pressure
From Politico: The ruble tumbled on Wednesday to its lowest level in over two years, as a mix of low oil prices, new sanctions against Russian businesses and burgeoning government spending on its war effort put ever-greater strain on the Russian economy. The central bank reacted by suspending currency purchases for the rest of this year. […]
