EUR/GBP Price Prediction: Resumes Bear Trend After Breaking Decisively Below Range Floor
EUR/GBP breaks below support from the floor of a six-week range. The pair resumes its long-term bear trend. EUR/GBP has broken decisively below the base of a six-week range (red dashed line on chart) and is in free fall. EUR/GBP Daily Chart The pair is likely to fall substantially lower as the bearish trend resumes. The usual […]
GBP/USD Analysis: Nearing Key Support Levels
Along with the US presidential elections and Trump’s victory, both the Bank of England and the Federal Reserve cut interest rates by 25 basis points last week. The GBP/USD currency pair suffered losses last week, reaching a support level of 1.2834, the lowest for the pair in nearly three months, and heading towards a weekly […]
US Dollar Strengthens Near Four-Month Highs With US Inflation In Focus
The US Dollar trades in the green across the board on Monday. The focus will be on the US inflation data for October later this week. The US Dollar index pops above 105.00 and is ready to test resistance levels. The US Dollar (USD) starts the week on the front foot and strengthens on Monday, […]
EUR/USD Forecast: Holds Support Amid Market Fluctuations
The Euro initially pulled back just a bit during the trading session on Friday. As we continue to see plenty of support underneath at the 1.07 level, I think we see so much in the way of support that it is going to be difficult to break down below here. But I also would point […]
Weekly Market Research: Gold Drops, Tesla Rallies, Bitcoin Hits New High
Gold Gold price fell 1.8% for the week, pressured by a stronger dollar and market reaction to Donald Trump’s election victory. Although the Fed cut rates slightly, speculation about slower cuts under Trump’s policies, along with weakened physical demand in India, contributed to gold’s decline. XAUUSD (H4). Despite election-related pressure, gold still has the strength […]
Rise In Czech Headline And Core Inflation Suggest A Cautious Policy Stance
Headline and core inflation picked up in October, with the price dynamics in the service sector unbroken. We see an ambiguous situation, with the economy operating below its potential, while inflation remains above the target. There is space for further easing to support growth, but the path towards a more neutral rate will be paved with caution. […]
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Elliott Wave Technical Analysis – Copper
Copper Elliott Wave AnalysisThe sell-off on Copper from the late September high is set to continue lower toward the September lows. However, the phase is corrective. Thus, the larger bullish cycle from August 2024 and October 2023 should continue afterward toward the highs of the year 2024.From the long-term perspective, the commodity is clearly within the bullish […]
After Last Week’s Massive Gains, Equity Indices Likely To Trudge Higher
Equities celebrated last week’s Republican sweep with huge gains. More gains are possible ahead, although not all the wheels are in sync.Leading into last Tuesday’s presidential and congressional elections, the S&P 500 was kind of stuck in a rut. It peaked at 5878 on October 17, hitting 5870s twice in the same week before and […]
This Week: Trump’s Win Triggers Market Turmoil In China Ahead Of Earnings
Trump’s win sparks fears of tariffs Beijing’s lack of greater support disappoints investors Tencent earnings on Nov 13 may impact stock movement JD.com, NetEase, Geely report on Nov 14, key indicators Alibaba’s earnings on Nov 15 expected to show weakness The CHINAH along with CN50, and HK50 were left reeling from last week’s double whammy.First, President Trump’s election win triggered declines amid fears of incoming tariffs.Despite Thursday’s rebound, they […]
