USD/CHF Forecast: USD Continues To Climb Against The Swiss Franc
This is a very difficult barrier to get beyond though for the USD/CHF pair, and I am aware of that, but from a fundamental analysis standpoint, there’s no reason to think that we can’t eventually get above there.After all, the Swiss National Bank recently just cut interest rates by 50 basis points in a bit of […]
Elliott Wave Technical Analysis: Avery Dennison Corporation
Avery Dennison Corp. (AVY) – Elliott Wave Technical AnalysisDaily Chart Analysis Function: Counter-Trend Mode: Corrective Structure: Flat Position: Wave 2 of (5) Direction: Potential bottom in wave 2 Details: As the stock has surpassed the equality of {c} vs {a}, it is now approaching it again with increasing volume. A potential bottom could be in place, particularly if the stock moves back above the […]
Ethereum Price Revival: What The Signs Say About Its Next Move
Ethereum price is consolidating above the $3,180 support. ETH must clear the $3,350 resistance zone to start a fresh increase in the near term. Ethereum started a fresh increase from the $3,180 support zone. The price is trading above $3,250 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend […]
Elliott Wave Analysis: Gold Forming 5 Waves From 2656.3 Low
Hello fellow traders! In this technical article, we’ll be discussing GOLD (XAUUSD) and sharing some charts that we’ve presented to the members of ElliottWave-Forecast.As our members know, GOLD is showing higher high sequences in the cycle from the December 18th low, which suggests a further rally in the commodity. Recently, GOLD completed a 3-wave pullback and made another […]
Bear Of The Day: Nike
NIKE (NKE) is the global leader in athletic footwear, apparel, equipment, and sports-related accessories, with operations in over 160 countries. Analysts downwardly revised their earnings expectations across the board following its latest quarterly release, landing the stock into an unfavorable Zacks Rank #5 (Strong Sell).Image Source: Zacks Investment ResearchLet’s take a closer look at what’s […]
Gold, Future Beneficiary Of The US Real Estate Crisis
The US real estate market is experiencing an unprecedented freeze. Mortgage demand in the US has fallen to its lowest level since 1995. In less than four years, mortgage applications have fallen by a spectacular 63%, reflecting growing buyer disaffection:Taxes and insurance: a growing burdenIn September, a record 32% of US household mortgage payments were […]
Japanese Yen Strengthens As Interest Rate Reaches Highest Level Since 2008
Image Source: Pixabay The USD/JPY pair declined to 155.13 on Friday, as the yen gained robust support following the Bank of Japan’s (BoJ) decision to raise its interest rate during the January meeting. BoJ’s interest rate hike and economic outlookThe BoJ increased the cost of borrowing by 25 basis points, bringing the benchmark interest rate to […]
Gold Powers Through After Trump Dials Down Tone On China Tariffs
Gold’s price (XAU/USD) is rallying further, trading at $2,778 at the time of writing on Friday, and could hit a fresh all-time high at any moment after US President Donald Trump surprised with comments the previous day casting doubts on the application of tariffs on China. The comments came after Trump had a phone call with China’s […]
EUR/GBP Forecast: Euro Continues To Stall Against The Pound
After all the market had been in a massive downtrend for what seemed like a lifetime and then dropped down toward the 0.8250 level to bounce that’s an area that’s been important as support all the way back to 2016 so the bounce is not a huge surprise. The question then becomes what happens next […]
Trump Demands Rates Cut Now – Will This Crash The Economy?
Image Source: Unsplash President Trump created quite a stir in his speech to Davos, demanding, among other things, lower oil prices from OPEC plus lower interest rates out of Jay Powell. In fact, those two are linked with the one expected to pave the way for the other. What’s the real game here? More important, what […]
