Pound Sterling Struggles Against US Dollar On Renewed Trump Tariff Fears
The Pound Sterling trades lower against the US Dollar as Donald Trump warns of more tariffs on other North American economies. Investors await the FOMC Minutes on Tuesday and the PCE inflation data for October on Wednesday. BoE’s Lombardelli supports a gradual policy-easing approach and warns of upside risks to inflation. The Pound Sterling (GBP) recovers […]
Elliott Wave Technical Analysis: U.S. Dollar/Swiss Franc – Tuesday, Nov. 26
USDCHF Elliott Wave Analysis – Trading Lounge U.S. Dollar/Swiss Franc (USDCHF) – Day Chart AnalysisUSDCHF Elliott Wave Technical Analysis Function: Counter Trend Mode: Corrective Structure: Navy Blue Wave 2 Position: Gray Wave 3 Direction of Next Higher Degrees: Navy Blue Wave 3 DetailsNavy blue wave 1 appears complete, and navy blue wave 2 is currently unfolding. Wave Cancel Invalid Level: 0.83737 This […]
Metal Markets Report For Monday, Nov 25
Image Source: PixabayIn this video, Ira Epstein reviews the day’s trading in the gold and other relevant metal markets.Video Length: 00:11:46More By This Author:Financial Markets Report For Monday, Nov 25Financial Markets Report For Friday, Nov 22Metal Markets Report For Tuesday, Nov 19
Silver Price Forecast: XAG/USD Remains Below $30.50 After Paring Losses
Image Source: Pixabay Silver prices fell by nearly 3% on Monday following reports that Israel and Hezbollah are reaching a ceasefire agreement. President-elect Donald Trump plans to impose tariffs on imports from Mexico, Canada and China. The non-yielding Silver struggled due to bond market optimism following the selection of Scott Bessent as the US Treasury Secretary. […]
Gold Price Stalls Intraday Recovery From $2,600 Amid Rising US Bond Yields
Image Source: Pixabay Gold price attracts some haven flows near $2,600 after Trump’s tariff threats. Rebounding US bond yields underpin the USD and cap gains in XAU/USD. Traders now look to FOMC meeting minutes for some meaningful impetuses. Gold price (XAU/USD) struggles to capitalize on its modest intraday bounce from the $2,600 neighborhood, or over a […]
US Dollar Index Analysis Ahead Of Fed Minutes, PCE Data
The US dollar index wavered ahead of key events this week. The Fed will publish minutes of the last meeting on Tuesday. The US will publish key data on inflation and GDP growth. The US dollar index (DXY) wavered ahead of the important Federal Reserve minutes, consumer confidence, GDP, and personal consumption expenditure (PCE) data. […]
U.S. Black Friday Deals Arrive Early As Consumers Seek Value
Image Source: PixabayBlack Friday deals are arriving earlier this year, as U.S. consumers continue to face persistent high prices. With inflationary pressures still weighing on shoppers, retailers are responding by offering earlier discounts in an effort to attract price-sensitive customers.When examining the data across various sectors, it’s clear that most retail categories have experienced a decline […]
Elliott Wave Technical Analysis: Uniswap Crypto Price News For Tuesday, November 26
Image Source: Pixabay Elliott Wave Analysis TradingLounge Daily ChartUniswap/ U.S. dollar(UNIUSD)UNIUSD Elliott Wave Technical AnalysisFunction: Follow trendMode: MotiveStructure: ImpulsePosition: Wave (3)Direction Next higher Degrees: wave (3) of ImpulseWave Cancel invalid Level:Details: the Five-Wave increase in wave (3)Uniswap/ U.S. dollar(UNIUSD)Trading Strategy: Unisawp remains in an uptrend, likely to surge sharply from the third wave surge. So look for opportunities to join […]
EURUSD Analysis: Bears Maintain Control As Pair Tests New Lows
Image Source: PixabayThe Euro continues to show weakness against the US Dollar, with recent price action suggesting more downside potential. Here’s what traders need to know about the current technical setup. Recent Price Action The EURUSD pair has experienced significant selling pressure, extending its decline from the 1.0936 level and reaching a new low at 1.0331. […]
Japanese Yen Remains On The Front Foot Against USD; Upside Potential Seems Limited
Image Source: Pixabay The Japanese Yen attracts some haven flows on Tuesday, albeit lacking follow-through. The BoJ rate-hike uncertainty acts as a headwind for the JPY amid renewed USD buying. A fresh leg up in the US bond yields also contributes to capping the lower-yielding JPY. The Japanese Yen (JPY) strengthens slightly against its American counterpart […]
