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 […]
Canadian Dollar Falls To A Four-Year Low
Photo by Michelle Spollen on Unsplash At the end of Friday, the Dow Jones (US30) Index was down 0.20% (for the week -1.83%). The S&P 500 Index (US500) closed unchanged (for the week -0.52%). The Nasdaq Technology Index (US100) was up 0.76% (for the week +0.96%). The Nasdaq Technology Index hit a new record high on Friday, driven […]
Asia Open: Investors Eye Bull Run Extension Amid Global Monetary Easing Wave
Image Source: Pixabay Asia is set to launch the final comprehensive trading week of 2024 with the pivotal ‘China data dump’ on Monday, setting the stage for what promises to be a dynamic close to the year.Investors, buoyed by a wave of global monetary easing, are keen to extend the equity bull run as central banks […]
Japanese Yen Hits Three-Week Low As Bank Of Japan Holds Rate Steady
Image Source: Pixabay The USD/JPY pair climbed to 153.77 on Monday, reaching a three-week high. This movement reflects growing investor sentiment that the Bank of Japan (BoJ) will maintain its current interest rate level and continue its pause on monetary policy tightening at this week’s meeting. Recent statements from the BoJ have indicated a need for […]
Elliott Wave Technical Analysis: S&P 500 – Monday, Dec. 16
S&P 500 Elliott Wave Analysis – Trading Lounge Day ChartS&P 500 Elliott Wave Technical Analysis Function: Trend Mode: Impulsive Structure: Orange Wave 3 Position: Navy Blue Wave 3 Direction Next Lower Degrees: Orange Wave 4 Details: Orange Wave 2 appears completed; currently, Orange Wave 3 of Navy Blue Wave 3 is in progress. Wave Cancel Invalidation Level: 5,830.72 Analysis OverviewThe S&P 500 daily […]
