USD/CAD Forecast: Markets Turn Upbeat Ahead Of Fed, BoC
The USD/CAD forecast indicates increasing bullish sentiment as market participants gear up for monetary policy meetings in the US and Canada. The Fed will likely keep rates unchanged and remain cautious. On the other hand, economists expect the Bank of Canada to lower borrowing costs by 25-bps. Last week, the Canadian dollar strengthened amid relief over […]
Elliott Wave Technical Analysis: S&P 500 – Monday, Jan. 27
S&P 500 Elliott Wave Analysis Trading Lounge Day Chart S&P 500 Elliott Wave Technical AnalysisTechnical Overview Function: Counter Trend Mode: Corrective Structure: Gray Wave 2 Position: Orange Wave 5 Direction Next Higher Degrees: Gray Wave 3 Details: Gray Wave 1 appears completed; Gray Wave 2 is currently active. Wave Cancel Invalidation Level: 5,773.27 This analysis reviews the S&P 500 index using Elliott Wave Theory on a daily chart, […]
Gold Prices Ease After Last Week’s Steep Climb; Copper Falls On Dollar Strength
Gold prices fell as the dollar strengthened due to US President Trump’s temporary tariffs on Colombia. Gold rose 3% last week on Trump’s demands for rate cuts and anticipation of gradual US tariff implementation. Copper prices declined due to the dollar rebound and uncertainty surrounding Trump’s trade policies. Gold prices slipped on Monday as the […]
EUR/USD Corrects As Trump Tariff Fears Increase Safe-Haven Appeal
EUR/USD declines to near 1.0450 as the US Dollar strengthens on risk-aversion mood. Market sentiment turned cautious after Trump imposed tariffs on Columbia overnight. Investors will keenly focus on the Fed’s and the ECB’s policy meetings later this week. EUR/USD corrects to near 1.0450 in Monday’s European session after revisiting a six-week high near 1.0520 […]
Ethereum (ETHUSD) Crypto Price – Elliott Wave Technical Analysis
ETHUSD Elliott Wave Technical Analysis – 1D ChartFunction: Counter TrendMode: CorrectiveStructure: Zigzagposition: Wave CDirection Next higher Degrees: wave IIWave Cancel invalid level: ETHUSDTrading Strategy:Ethereum (ETH/USD) is in the middle of a Wave II correction, with Wave C projected to target the 2,899.73 USD level. A breakdown above 3,429.97 USD would invalidate this bearish corrective scenario and signal […]
All The Financial Advice You’ll Ever Need Can Fit On A Single Index Card
Image Source: PixabayWe conduct deep-dive discussions with hundreds of experts a year, doing our best to see through their eyes and chart a wise course through the economic waters ahead. But with all the different approaches, opinions and conclusions, it’s important to remind ourselves not to overcomplicate things.The fundamentals to wealth building aren’t rocket science. And […]
Market Briefing For Monday, Jan. 27, 2025
Diminished Volatility – as the month advanced, assisted the S&P retaining its status, which matters for the ‘faith keepers’ in ‘as goes January goes the year’ mantra. And that’s on-target to correlate again this year; which is a plus. We introduce yet-another ticker tonight; no video as S&P is a holding action.Growth is likely to slow; new […]
The GSA’s Plan To Shed Federal Office Space: A Game-Changer For CRE
Image Source: Pexels The General Services Administration (GSA) is making waves in the commercial real estate (CRE) sector, aiming to dispose of two-thirds of its owned office space and terminate three-quarters of its leased space nationwide. This is a seismic shift in an office market already in turmoil, with default rates surpassing those of the Financial […]
XRP (XRP/USD) Analysis Shows Bull Trend Intact
Weekly ChartObservations: Current Price Context Long-term bull breakout of descending channel triggered in mid-November leading to a $2.42 (492%) spike rally high of $2.91. Concurrent breakout above 200-week MA further confirmed strength and it followed a successful test of support earlier that week at the convergence of both the 20-day MA and 50-day MA. Following the $2.91 high XRP/USD formed […]
The Price Of Kvika Banki’s Shares In An Uptrend
Kvika Banki’s shares are listed on the stock exchange in Iceland (ICE:KVIKA).The share price made a new 52-week high at the end of September 2024 and is currently up more than 50% from its November 2023 low. More volume has come into the shares as evidenced by the average ISK volume over the past 30 weeks now standing […]
