The Dollar’s Surge Continues
Image Source: Pexels Overview: The dollar’s surge continues. Most G10 currencies are off 0.45%-0.65%. The US dollar is trading above CAD1.40 for the first time since the pandemic, but the Canadian dollar is faring the best of the G10 today (~-0.15%). Since US election, it is the only major currency not to have fallen by at least […]
Daily Market Outlook – Thursday, Nov. 14
Image Source: Pixabay While longer-term U.S. government yields and the dollar increased on Thursday as investors assessed the monetary policy and inflation outlook in the United States, weak Chinese markets drove down broader Asian shares. Donald Trump’s return to the White House and the optimism that his administration will be good for cryptocurrencies helped Bitcoin stabilize […]
The Federal Reserve Is Paying Attention To Stabilizing Core Inflation
A month ago I asked who is paying attention to stabilizing core inflation. The question was timely given a host of financial indicators that showed mixed concern for the implications of inflation taking too much time to settle into the Federal Reserve’s target of 2%. Since then, long-term bond yields have continued higher as the […]
Gold Drops On Trump Victory As US Dollar Strengthens
Image Source: Pixabay Gold prices have come under pressure as US real yields, which often move inversely to bullion, increased slightly to 2.089%. The increase in yield decreases the appeal of gold, as higher yields make non-yielding assets less attractive to investors. Recent US inflation data shows the Consumer Price Index (CPI) rising as expected to […]
Elliott Wave Technical Analysis: Qualcomm Inc. – Thursday, Nov. 14
QCOM Elliott Wave Analysis Trading LoungeQUALCOMM Inc., (QCOM) Daily ChartQCOM Elliott Wave Technical AnalysisFUNCTION: Counter TrendMODE: CorrectiveSTRUCTURE: ZigZagPOSITION: Wave (C) of 2.DIRECTION: Downside in wave (C).DETAILS: Looking for further downside into Primary degree wave 2. There is a possibility we have a much larger top in place at 230$ and we are actually within a larger degree […]
Forex Today: Bitcoin Within Sight Of $100k
Image Source: Pexels Bitcoin has continued to rise to reach new record highs, trading well over $93,000 yesterday, which suggests that it could reach $100,000 soon. The cryptocurrency Bitcoin has continued its strong bull run, rising yesterday to trade at almost $93,500. Bitcoin has been given a political boost by the victory of President Trump and […]
GBP/JPY Remains Tepid Around 197.50, Awaits BoE Bailey Speech
Photo by Colin Watts on Unsplash GBP/JPY remains under pressure ahead of a speech by BoE Governor Andrew Bailey scheduled for Thursday. The Pound Sterling may gain support due to increasing concerns among BoE officials about persistent price pressures. BoJ’s Uchida urged financial institutions and authorities to be prepared for sudden deposit outflows due to digitalization and […]
Elliott Wave Technical Analysis: IBEX 35 – Thursday, Nov. 14
IBEX 35 (Spain) Daily Chart AnalysisIBEX 35 Elliott Wave Technical Analysis Function: Counter Trend Mode: Corrective Structure: Gray Wave 2 Position: Orange Wave 3 Direction (Next Higher Degrees): Gray Wave 3 Details: Gray wave 1 appears completed; gray wave 2 within orange wave 3 is active. Wave Cancellation Invalidation Level: 10,289.18 Analysis OverviewThe IBEX 35 Elliott […]
EUR/AUD Forecast: Rallies After Bounce Against The Aussie Dollar
The euro have been a little bit positive during the trading session on Wednesday against the Australian dollar as it looks like we are threatening the 50 day EMA. If we can break above the 50 day EMA, then it is possible that we can break above the 200 day EMA as well, sending the […]
Sensex Today Trades Higher; Nifty Above 23,550; Mishra Dhatu Nigam Rallies 8%
Hong Kong stocks led declines in Asia on Monday after Beijing’s latest stimulus fell short of investor expectations, overshadowing Wall Street’s record highs from Friday and futures pointing to further strength at the reopen.Japan’s Nikkei fell 0.3%. South Korea’s Kospi lost 0.9% and Taiwan’s benchmark slipped 0.7%.The S&P 500 and the Dow Jones Industrial Average […]
