USD/CAD Price Analysis: Canada Inflation Exceeds Projections
The USD/CAD price analysis shows a bearish shift in sentiment after data revealed that inflation in Canada was higher than expected. Meanwhile, the dollar eased as safe-haven demand caused by Putin’s nuclear announcement faded.Data on Tuesday revealed that Canada’s inflation prices increased by 2.0% in October, above estimates of 1.9%. Moreover, it was well above […]
AUD/USD Price Forecast: Slumps To Near 0.6500 As Fed Dovish Bets Ease
AUD/USD falls sharply to near 0.6500 due to a strong recovery in the US Dollar. Market expectations for Fed rate cuts in December have slightly eased. AUD/USD falls back after failing to climb above 38.2% Fibo retracement at 0.6535. The AUD/USD pair drops sharply to near the psychological support of 0.6500 in the North American trading […]
Sticky UK Services Inflation To Keep BoE Cutting Gradually (For Now)
Image source: Pixabay Services inflation is set to bounce around 5% into the winter, while headline CPI could get close to 3% in January. That reduces the chance of a rate cut in December, but in the spring, we think there is still a good chance the Bank of England will accelerate its easing cycle.UK services inflation […]
GBP/USD Forecast: UK Inflation Surprise Briefly Lifts Pound
The GBP/USD forecast shows a better-than-expected reading for UK inflation, which has briefly boosted the pound. Meanwhile, the dollar remained steady after rallying in the previous session amid fears of an escalation in the Russia-Ukraine war.Data on Wednesday revealed that inflation in the UK rose by 2.3%, above estimates of a 2.2% increase. Moreover, it […]
Basking In BTC Glory
S&P 500 offered a great intraday reversal yesterday, and now I‘ll present analysis I sent to clients before the opening bell – this will cast best light on how I was able to capture in intraday terms fine gains for them. Quoting yesterday‘s daily premium analytics alongside the chart given:(…) Sectorally, the encouraging bottoming signs are there, whether tech […]
Elliott Wave Technical Analysis: Salesforce Inc. – Wednesday, Nov. 20
CRM Elliott Wave Analysis Trading LoungeSalesforce Inc. (CRM) Daily ChartCRM Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: MotivePOSITION: Minor 3DIRECTION: Upside within 3.DETAILS: Looking for continuation higher into minor wave 3, as we stand above TL3 at 300$.Salesforce Inc. (CRM) 1H ChartCRM Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: MotivePOSITION: Wave {iv} of 3.DIRECTION: Bottom in wave {iv}.DETAILS: Looking for […]
USD/CHF Price Forecast: Extends Recovery Above 0.8850
USD/CHF recovers further above 0.8850 as the US Dollar bounces back strongly. Traders doubt whether the Fed will cut interest rates in December. USD/CHF finds a cushion near the 50% Fibo retracement around 0.8800. The USD/CHF pair extends its recovery above 0.8850 in the North American trading session on Wednesday. The Swiss Franc pair rises […]
A Chart Explaining Why Warren Buffett Is Panic Selling
Image Source: Pexels Warren Buffett continues to sell tens of billions worth of stocks. Everyone wants to know why. This divergence between major stock index most likely holds the answer. Normally stock indexes don’t mean much beyond their beauty, yet they can be important signals at times like now when they do diverge in such an […]
Pound Sterling Price News And Forecast: Hot UK Inflation Challenges BoE Dovish Outlook
The Pound Sterling (GBP) gains sharply against the majority of its peers on Wednesday as data from the United Kingdom (UK) Office for National Statistics (ONS) showed inflation accelerated more than expected in October. The Consumer Price Index (CPI) report showed that the annual headline inflation quickened to 2.3% YoY, higher than estimates of 2.2% and the September reading of […]
US Dollar Ticks Up As Markets Brace For Nvidia Earnings
The US Dollar recovers after after a volatile Tuesday. Markets are favoring risk-on ahead of the much anticipated Nvidia earnings. The US Dollar index trades up in the 106.50 area, still looking for support to bounce off from. The US Dollar (USD) recovers on Wednesday, with the DXY Index trading around 106.5, as market sentiment turns risk-on […]
