Silver/EUR Poised For Next Leg Higher As It May Significantly Outperform The FTSE
Image Source: PixabayThis week, we’ll look at medium-term charts of Silver/Euro and Silver/FTSE.First, Silver/Euro shows us a horizontal channel consolidation that began during the Silversqueeze following the Covid low in 2020. Investors were left frustrated as Silver/Euro went nowhere for four years until it finally broke above its channel just last year. Prices went on to form a wedge just above the […]
Dividend Aristocrats In Focus: Eversource Energy
Image Source: PixabayEversource Energy is a diversified holding company with subsidiaries that provide regulated electric, gas, and water distribution service in the Northeast U.S.The company’s utilities serve more than 4 million customers after acquiring NStar’s Massachusetts utilities in 2012, Aquarion in 2017, and Columbia Gas in 2020.Eversource has delivered steady growth to shareholders for many years.Source: Investor […]
Gold Price Remains On The Defensive; Downside Seems Limited As Traders Await Fed Decision
Image Source: Pixabay Gold price edges lower on Wednesday as a positive risk tone undermines safe-haven assets. Sliding US bond yields cap the USD recovery from over a one-month low and act as a tailwind. Traders also seem reluctant to place directional bets ahead of the crucial FOMC policy decision. Gold price (XAU/USD) sticks to modest intraday […]
Silver Price Forecast: XAG/USD Gains Traction To Near $30.50, Fed Rate Decision Looms
Image Source: Pixabay Silver price edges higher to around $30.40 in Wednesday’s Asian session. The Fed is anticipated to keep interest rates on hold on Wednesday. Safe-haven flows could support the Silver price. The Silver price (XAG/USD) trades with mild gains around $30.40 during the Asian trading hours on Wednesday. The uncertainty surrounding new tariff policies under […]
Hayek On Decentralized Information In Markets
Image source: PixabayFriedrich von Hayek won the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel in 1974. For the 50th anniversary of the prize, the IEA published a short collection of essays called Hayek’s Nobel: 50 Years On, edited by Kristian Niemietz. It Includes Hayek’s speech upon acceptance of the Nobel Prize, “The Pretence of […]
Current Report: Sundrug Co Ltd
Image Source: PixabaySundrug Co Ltd (SDGCF) is a Japanese-based company engaged in the operation and management of drugstores. Its activities are divided into three business divisions including the Drugstore business, the Dispensing pharmacy business, and the Discount store business. The company also offers necessities such as foods, cosmetics, household appliances, clothing items, car goods, sports and leisure goods, […]
Elliott Wave Technical Analysis: Bitcoin Crypto Price News For Wednesday, Jan 29
Image Source: PexelsElliott Wave Analysis TradingLounge Daily ChartBitcoin/ U.S. dollar(BTCUSD)BTCUSD Elliott Wave Technical AnalysisFunction: Follow TrendMode: MotiveStructure: Impulseposition: Wave ((5))Direction Next higher Degrees: wave IIIWave Cancel invalid level: Bitcoin/ U.S. dollar(BTCUSD)Trading Strategy:Bitcoin remains in an uptrend, with a key target at $123,402. If it can break through the key resistance at $108,429. Traders should keep a close eye on […]
USD/CAD Price Forecast: Maintains Position Around 1.4400 Near A Crucial Support Zone
Photo by Michelle Spollen on Unsplash USD/CAD tests the immediate barrier at the psychological level of 1.4400. The bullish bias persists, as the 14-day RSI remains above the 50 mark. The immediate support appears at the lower boundary of the ascending channel, near the 1.4350 mark. The USD/CAD pair maintains its position after two consecutive days of gains, trading […]
NVDA And SPY Bounce
Image Source: PexelsNvidia (NVDA) and the S&P 500 (SPY), along with Apple (AAPL) had huge bounces today. It was a massive mega-cap rally that left a lot of smaller stocks and entire sectors behind. Can this stock market rally be trusted, even if it is just NVDA and AAPL seeing the majority of the buying, or […]
WTI Trades With Modest Losses Around $73.25 Area, Down Nearly 0.50% For The Day
Image Source: Pixabay WTI struggles to capitalize on the overnight bounce from a multi-week top. Worries that a global trade war could dent demand weigh on Crude Oil prices. A smaller-than-expected rise in US inventories helps limit any further losses. West Texas Intermediate (WTI) US Crude Oil prices tick lower during the Asian session on Wednesday and erode a […]
