XRP Price Retains Strength: Is A New Upside Push Imminent?
XRP price is consolidating near the $1.450 zone. The price is showing positive signs and might soon aim for a fresh move above the $1.50 level. XRP price is eyeing a fresh increase above the $1.465 resistance zone. The price is now trading above $1.450 and the 100-hourly Simple Moving Average. There was a break […]
BTC/USD Forecast: Continues To See Buyers On Dips
Volatility and TargetsBut I also recognize that you could see a bit of volatility. That being said, I think we are probably more likely than not going to go sideways for a while before eventually breaking to the upside. Even if we were to break down below the $90,000 level, then the $80,000 level probably […]
Japanese Yen Climbs To Five-Week High Due To USD Weakness
Image Source: Pixabay The USD/JPY pair has dropped to 151.56, marking a five-week high for the yen. Market speculations fuel the currency’s strength that the Bank of Japan (BoJ) might consider an interest rate hike as soon as December. This speculation was further supported by comments from BoJ Governor Kazuo Ueda, who acknowledged the need for […]
French Debt Is Actually High-Risk
France, Italy, Japan and the USA all have high budget deficits of comparable magnitude, accompanied by significant public debt in excess of 100% of GDP. However, taking a step back and integrating other macroeconomic financial data, risk levels differ greatly, to France’s detriment. This is what a recent article by Patrick Artus, which takes into account all […]
USD/CAD Drops Even Though US Dollar Rebounds, Canadian Q3 GDP In Focus
Image Source: Pexels USD/CAD ticks lower as the Canadian Dollar gains on expectations of healthy trade negotiations with the US. Economists expect the Canadian economy to have grown by 1% in the third quarter of the year. The US Dollar recovers amid quiet trade on account of Thanksgiving Day. The USD/CAD pair falls to near the psychological […]
Elliott Wave Technical Analysis – U.S. Dollar/Canadian Dollar
USDCAD Elliott Wave Analysis Trading Lounge Day Chart U.S. Dollar/Canadian Dollar (USDCAD) Day ChartUSDCAD Elliott Wave Technical Analysis Function: Counter Trend Mode: Corrective Structure: Navy Blue Wave 2 Position: Gray Wave 3 Direction Next Higher Degrees: Navy Blue Wave 3 Details: Navy blue wave 1 appears complete; navy blue wave 2 is currently unfolding. Wave Cancel Invalidation Level: 1.34201 The analysis examines the USD/CAD currency […]
Bank Of America Predicts Volatile Metals And Minerals Market Heading Into 2025
Image source: Pixabay Bank of America cuts copper and aluminium prices for 2025 on growing trade tensions. Gold prices are seen around $2,750 per ounce next year as portfolio diversification and global debt lend cues. Overcapacity in Chinese steel sector and rising exports to push iron ore market into surplus next year. Analysts at Bank […]
GBP/USD Forex Signal: Driven By US Dollar Weakness
My previous GBP/USD signal on 25th November was not triggered, as the bearish price action took place above the resistance level which I had identified that day. Today’s GBP/USD SignalsRisk 0.75%.Trades can only be entered before 5pm London time Thursday.Long Trade Ideas Go long following a bullish price action reversal on the H1 timeframe immediately upon the […]
Elliott Wave Technical Analysis – CAC 40
CAC 40 (France) Elliott Wave Analysis Trading Lounge Day Chart CAC 40 (France) Elliott Wave Technical AnalysisTechnical Details Function: Bearish Trend Mode: Impulsive Structure: Gray Wave 3 Position: Orange Wave 3 Direction Next Higher Degrees: Gray Wave 4 Details: Gray wave 2 appears complete. Currently, gray wave 3 of orange wave 3 is developing. Wave Cancel Invalidation Level: 7618.09 Analysis OverviewThe analysis focuses on […]
Don’t Overlook These Chinese Leisure & Recreation Stocks: ATAT, TCOM
Image Source: PixabayAt the moment, the Zacks Leisure and Recreation Services Industry is in the top 7% out of 250 Zacks industries. Furthermore, a few Chinese ADRs (American Depository Receipts) are standing out among this top-rated industry in particular. Starting to benefit from the holiday travel season, here’s a look at two of these leisure stocks that […]
