US Dollar Retreats From Post-Election Rally As Markets Turn To Federal Reserve Decision
The US Dollar pares some gains on Thursday with markets focusing on the Fed rate decision. Although Fed Chairman Powell is expected not to answer questions on politics, markets will be eager to see his reaction to what the Trump presidency means for the Fed. The US Dollar index heads into 104-territory after failing to […]
USD/CHF Price Prediction: Potential Bull Flag Pattern Forming
USD/CHF might be developing a Bull Flag continuation pattern. This suggests there will be an extension of the uptrend to upside targets higher. USD/CHF – which looked as if it might be reversing trend and starting a new short-term downtrend at the start of the week – suddenly turned on a dime and spiked higher […]
Bank Of England Cuts Rates And Downplays Budget Impact
Image Source: Pexels Despite big spending increases in last week’s UK budget, the Bank of England has signalled that it’s not a game changer for future interest rate cuts. We think the Bank will keep rates on hold in December but accelerate the pace of cuts from February onwards. Don’t read much into the BoE’s latest […]
Trump Triumph
After indices ailed at resistance for so long traders made the decisive move, buying stocks with glee on Trump’s victory. Most of the gains were achieved pre-market on the opening gap, but this gap offers substantial wiggle room should profit taking kick in. Wednesday’s action should mark a clear breakout gap – and breakout gaps […]
Bharat Electronics Stocks Elliott Wave Technical Analysis – Thursday, November 7
BHARAT ELECTRONICS – BEL (1D Chart) Elliott Wave Technical AnalysisFunction: Larger Degree Trend Higher (Intermediate degree, orange)Mode: MotiveStructure: ImpulsePosition: Minute Wave ((ii)) NavyDetails: Minute Wave ((iii)) Navy of Minor Wave 5 Grey is now progressing higher against 229, as Wave ((ii)) might be in place around 250-60. Alternatively Wave 5 Grey completed above 342.Invalidation point: 229BHARAT ELECTRONICS […]
Bear Of The Day: Nike Growth is Slowing at Nike Relative Weakness for NKE Shares Nike: The Future is Uncertain
Nike Stock OverviewZacks Rank #5 (Strong Sell) stock Nike Inc (NKE), incorporated in 1967, is the world’s largest athletic footwear, apparel, and equipment company. The $116 billion company has a robust brand portfolio that includes Nike Pro, Nike Golf, Nike+, and Air Jordan. Nike is well known for its unique and creative marketing campaigns and its iconic “swoosh” […]
USD/CHF Forecast: US Dollar Skyrockets Against Swiss Franc After Election
During my daily analysis of the USD/CHF pair, I cannot help but recognize that there is a significant amount of momentum in this pair, as it looks like money is flowing into the United States yet again after the massive victory by Donald Trump, and of course the Republicans. With this being the case, the […]
BTC/USD Forex Signal: Bitcoin Price Rally Is Just Getting Started
Bullish View Buy the BTC/USD pair and set a take-profit at 80,000. Add a stop-loss at 70,000. Timeline: 1-2 days. Bearish View Sell the BTC/USD pair and set a take-profit at 70,000. Add a stop-loss at 80,000. Bitcoin price continued its strong rally, reaching a new record high as investors cheered Donald Trump’s election. The […]
Gold Correction After Trump’s Election: Why 2024 Is Not 2016
Could Donald Trump’s election put the brakes on gold’s rise?In 2016, the Republican candidate’s victory in the US presidential election led to a €100 drop in the price of gold in euros, with the price falling from €1,180 to €1,080 in the four weeks following the election: This decline was then completely erased at the beginning […]
Sensex Today Trades Lower; Nifty Below 23,350
Most Asian stocks dropped as investors weighed the market ramifications of a second Trump presidency, with its promise of steeper tariffs. The dollar edged higher after surging more than 1% on Wednesday.Benchmark equity gauges slipped in China, Australia and South Korea, and were mixed in Japan.US stocks rallied sharply to close at record highs on […]
