USD/CAD Refreshes Daily High On Sliding Oil Prices; Remains Below 1.4000 Amid Weaker USD
Photo by Michelle Spollen on Unsplash USD/CAD reverses an early dip to a two-week low and draws support from a combination of factors. Retreating Oil prices undermines the Loonie and acts as a tailwind for the pair amid a bullish USD. Falling US bond yields might cap gains for the USD and any further appreciating move for […]
Is December The Time For A EURUSD Bounce?
Over the last 24 years EURUSD has enjoyed a period of seasonal upside from now until the end of the year.Over the last 24 years EURUSD has enjoyed a period of seasonal upside from now until the end of the year. Over nearly the last quarter of a century the EURUSD pair has gained on […]
GBPJPY Forex Elliott Wave Technical Analysis – Monday, November 25
GBPJPY Elliott Wave Analysis Trading Lounge British Pound/Japanese Yen (GBPJPY) GBPJPY Elliott Wave Technical Analysis Function: Counter Trend Mode: Impulsive Structure: Navy blue wave 1 Position: Gray wave C Next Higher Degree Direction: Navy blue wave 2 Details: The analysis indicates that gray wave B appears completed, with navy blue wave 1 of gray wave C now in motion. Invalidation Level: 199.634 Analysis […]
Bitcoin Is Entering Volatility Season
Since the election, Bitcoin has risen nearly 50%. While Bitcoin investors are licking their chops, believing the magnificent rally will continue, they need to realize that Bitcoin is entering a period of pronounced seasonal volatility. The graph below from Sentimentrader shows that the recent performance has tracked the typical performance for the time of year. […]
Forex Today: Bitcoin Heading To $100,000
Image Source: Pexels Bitcoin has been making a bullish consolidation just below the big round number at $100,000 and looks very likely to hit that number soon. The cryptocurrency Bitcoin has continued to trade bullishly, making a fresh record high above $99,000 at the end of last week, and the price action right now indicates the price is […]
Sensex Today Zooms Over 1,200 Points; Nifty Above 24,300
Asian stocks experienced a notable rally alongside US equity futures on Monday, marking a positive turn for the markets. The dollar retreated against other currencies as bond yields declined.MSCI’s broadest index of Asia-Pacific shares increased by 1.6%.Wall Street closed higher on Friday, with all three major indexes achieving significant weekly gains. Investors confidently responded to […]
Elliott Wave Technical Analysis – Polkadot Crypto Price News Today
Elliott Wave Analysis TradingLoungeDOT/ U.S. dollar(DOTUSD)DOTUSD Elliott Wave Technical AnalysisFunction: Follow TrendMode: MotiveStructure: ImpulsePosition: Wave ((1))Direction Next higher Degrees: wave I of ImpulseWave Cancel invalid level:Details: the corrective of wave 2 May is ending and the price increase again in wave 3.DOT/ U.S. dollar(DOTUSD)Trading Strategy:Overview DOTUSD remains in an uptrend, likely to surge sharply from the […]
Daily Market Outlook – Monday, Nov. 25
Image Source: Pixabay The market’s response to fund manager Scott Bessent’s selection as the next U.S. Treasury Secretary has dominated Asian trade. Asian markets are trading mostly higher on Monday, buoyed by the positive performance on Wall Street on Friday, with significant gains in Japan, Indonesia, and South Korea. The general investor sentiment is satisfaction that […]
Japan’s Inflation Struggle: How New Stimulus Measures May Shape The Economy
Image source: Pixabay Inflation in Japan has exceeded the BOJ’s 2% target for 38 months. The ¥39 trillion stimulus includes energy subsidies and cash handouts for households. Critics warn the plan may worsen Japan’s debt as the BOJ considers raising rates. Inflation in Japan remains a pressing issue, affecting household budgets, government policy, and everything […]
Market Briefing For Monday, Nov. 25
Incredible frustration must characterize mainstream money managers that missed what really happened in the week just past. Of course we’re honored, and patience relieved, that a handful of next-generation speculations soared nicely; but these are not alone in reflecting what I call a shift in market focus. You have pundits reviewing old-line tech and even cyclicals; […]
