Riksbank Preview: Another Cut On The Path To 2%
Image Source: Pexels We expect a consensus 25bp rate cut this week in Sweden. Despite a soft start to the fourth quarter for GDP, forward-looking activity indicators are signaling that rate cuts are turning the tide for the Swedish economy, and we expect the Riksbank’s terminal rate at 2.0% – above that of the ECB. This can […]
How 10-Year Treasury Yields Have Changed This Interest Rate Cut Cycle
We are 62 days in from the first Fed rate cute this cycle. Let’s compare treasury yields to other cycles.Data from the US Treasury, chart by Mish The above chart compares the reaction of 10-year treasury yields for 120 business days starting the day before the first rate cut in each cycle.10-Year Treasury Yield Change […]
Silver Price Forecast: XAG/USD Finds Support At $30.30 To Trim Some Losses
Silver Prices (XAG/USD) are trading in a mild positive bias on Monday, trimming some losses after the rejection from levels above $32.00 last week. A mild retreat in US Treasury yields is supporting precious metals on Monday but the overall picture shows the pair vulnerable.The daily chart reveals a sharp reversal pattern last week, which triggered […]
Elliott Wave Technical Analysis: JPMorgan Chase & Co. – Monday, Dec. 16
JPM Elliott Wave Analysis Trading LoungeJPMorgan Chase & Co., (JPM) Daily ChartJPM Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: MotivePOSITION: Minor wave 5DIRECTION: Upside in 5 of (5).DETAILS: Looking for continuation higher into wave 5 as we could be headed towards the next TradingLevel at 300$. If we manage to find support on top of MG1 above 230$ we could […]
Is India About To Make The Dollar Explode Higher?!
Image Source: Pexels The dollar continues to threaten to make a big move higher. Not only is the main dollar index right at the top end of its multi-year range, the buck is creating big problems for major currencies. The more other central banks or authorities struggle to contain the fallout, the greater the chance for […]
USD/CAD Resumes Uptrend To Test Long-Term Highs At 1.4240
The US Dollar remains firm against a softer CAD and tests long-term highs at 1.4240 A dovish BoC and concerns about higher tariffs on Canadian products are weighing on the CAD, Technically, the is likely to meet significant resistance at the 1.4250-60 area. The US Dollar keeps trading firm against its weaker Canadian Counterpart. The […]
This Week: GBPUSD Below 1.2811 Ahead Of BoE Meeting
GBP/USD struggles below 1.2811 resistance Sticky services inflation fuels BoE caution Major support around 1.25, downside risk remains FOMC, BoE, and BoJ meetings key for FX UK CPI and jobless claims this week Sterling has been the strongest major currency versus USD this month and remains the top performer among its peers this year.The BoE policy path of interest rate cuts is closer to the Fed than the ECB. […]
US Dollar Mixed As PMI Releases Shake Up Markets
The US Dollar edges slightly lower at the start of the week. Traders face a lot of noise, with PMIs, European political news, and Chinese data triggering market moves. The US Dollar Index (DXY) trades back below 107.00 and looks to settle for a range-trading move into 2025. The US Dollar (USD) trades slightly lower […]
Bitcoin Bulls May Stay Here Until 2025
Image Source: Pexels Bitcoin keeps trading nicely bullish on a weekly basis within final higher degree wave V as expected. We shared a lot of articles in the past and here you can check the latest one from November 08. Link here.It’s time to take a closer look now!Bitcoin with ticker BTCUSD is coming and moving nicely […]
Ethereum Eyes Bitcoin’s Lead: Is A Similar Surge Possible?
Ethereum price started a decent increase above the $3,900 zone. ETH is consolidating gains and might aim for a move above the $4,000 resistance zone. Ethereum started a decent increase above $3,880 and $3,920. The price is trading below $3,920 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend […]
