Analytical Overview Of The Main Currency Pairs – Friday, Nov. 15
Image Source: Pexels The EUR/USD currency pairTechnical indicators of the currency pair: Prev. Open: 1.0564 Prev. Close: 1.0530 % chg. over the last day: -0.32 % The European Central Bank (ECB) is signaling that it is increasingly considering rate cuts, according to reports of its October meeting. While inflation is expected to fall, mainly due to […]
AUD/USD Outlook: Dollar Thrives On Trump Trade Momentum
The AUD/USD outlook suggests solid bearish sentiment as the dollar trades near a one-year high against its peers due to the ongoing Trump trade. At the same time, Powell struck a slightly hawkish tone on Thursday, which led to a drop in December Fed rate cut expectations, further boosting the dollar. On the other hand, […]
GBP/CAD Price Prediction: Vulnerable To More Downside As Bears Hunt Targets
GBP/CAD has broken out of a bearish Rising Wedge pattern and started to decline. Although it is pulling back at the moment, it is expected to eventually continue falling towards the pattern’s downside targets. GBP/CAD Daily Chart A break below the 1.7700 November 14 low would probably confirm further weakness to the next target at 1.7518, […]
Real Retail Sales Jump Nicely, But We’re Not Out Of The Woods On Consumption Just Yet
Let me start with my usual reminder that real retail sales is one of my favorite economic indicators, because it tells us so much about the state of the consumer, and since consumption leads employment, it is a short leading indicator for that as well.In October retail sales rose 0.4% on a nominal basis. After adjusting […]
XRP Price Rockets Upward: Bulls Poised For More Gains
XRP price is up over 15% and moving higher above the $0.740 support zone. The price could accelerate higher if it clears the $0.8450 resistance zone. XRP price started a strong increase above the $0.720 resistance. The price is now trading above $0.750 and the 100-hourly Simple Moving Average. There is a key bullish trend […]
My SPX Support – Now What
S&P 500 held up till a bit hotter than expected PPI came, setting the daily tone in twists and turns, yet I could gain intraday for clients on the short side early after the opening bell. Look up my Nov 12 article with the below S&P 500 intraday chart (featuring it below, alongside today‘s other relevant ones), and see […]
Elliott Wave Technical Analysis – Berkshire Hathaway Inc.
BRK-B Elliott Wave Analysis Trading LoungeBerkshire Hathaway Inc., (BRK-B) Daily ChartBRK-B Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: MotivePOSITION: Wave 1 of (5).DIRECTION: Upside in wave (5).DETAILS: Looking for upside into wave (5) as we seem to have bottomed in wave (4) after what appears to be a three wave move. Looking for further upside as we are just […]
Dollar Dominates As Powell’s Hawkish Stance Fuels Market Jitters
Image Source: Pexels The dollar is poised for a substantial weekly gain following Powell’s hawkish comments. Expectations for Fed rate cuts diminish, impacting market sentiment. Euro weakens against the dollar amid diverging monetary policy outlooks. The US dollar stands tall, poised for its most significant weekly gain in months, buoyed by hawkish commentary from Federal […]
Binance Dominates As Bitcoin Futures Volume Hits New Peaks Amid Historic Price Rally
Bitcoin has continued its bullish momentum streak, reaching a new all-time high on November 13 and triggering a wave of activity across the crypto market.In particular, the futures market has been significantly impacted, with a surge in trading volume for the BTC/USDT pair. This increase has highlighted an intense period of market engagement, with leading exchanges, particularly […]
Boeing Down 70%
It seems like karmic justice that DEI-obsessed and whistleblowers-killing Boeing would be having such a horrible time in this ridiculously over-supported market. Not only is the stock down 70% from its peak (in the midst of lifetime highs around the world), but the 15-year trendline from March 2009 is broken. More By This Author:Normalization BluesGetting Their SpaceX Ya-Ya’s OffMicrostrategy […]
