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 […]
Oil Continues To Fall In Price
Photo by Timothy Newman on Unsplash By the end of Thursday, the Dow Jones Index (US30) added more than 400 points and closed positive 0.92%. The S&P 500 Index (US500) gained 0.53% and hit a new record high, breaking the 6,100 mark. The Nasdaq Technology Index (US100) added 0.22%. Favorable corporate earnings results supported the overall market on Thursday. […]
Daily Market Outlook – Friday, Jan. 24
Image Source: Pexels Asian stocks advanced, especially Chinese firms, following comments by U.S. President Trump suggesting a more lenient approach towards tariffs on China. This shift in tone led to positive movements in Chinese shares in Hong Kong, a weakening dollar, and a strengthening yuan. Trump’s remarks during a Fox News interview, mentioning his preference to […]
XRP Price Dips Back To Support: Consolidation Or Breakdown Ahead?
XRP price struggled to continue higher above the $3.25 level. The price is now correcting gains and might find bids near the $3.00 level. XRP price started a downside correction from the $3.250 zone. The price is now trading below $3.150 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming […]
Elliott Wave Technical Analysis: Australian Dollar/U.S. Dollar – Friday, Jan. 24
Australian Dollar/U.S. Dollar (AUDUSD) Day ChartAUDUSD Elliott Wave Technical Analysis Function: Bullish Trend Mode: Impulsive Structure: Navy Blue Wave 1 Position: Gray Wave 1 Direction (Next Lower Degree): Navy Blue Wave 2 Invalidation Level: 0.61320 The analysis evaluates the AUDUSD currency pair on a daily chart using Elliott Wave Theory, identifying a bullish trend characterized by an impulsive mode. The primary wave structure under review is navy […]
FX Daily: BoJ Hike And China Tariff Threat Unwinding
Image Source: Pixabay The Bank of Japan delivered a well-telegraphed 25bp hike, but surprised markets on the hawkish side by materially raising its inflation forecasts. We expect two more hikes this year which can pave the way for a stronger JPY outlook. In other news, Trump surprised by saying he’d rather not hit China with tariffs, […]
Sensex Today Trades Marginally Higher; Nifty Above 23,200
Asian equities rose, following a rebound in technology stocks that pushed Wall Street to a record high. Oil fell after President Donald Trump urged OPEC to lower crude prices and said he will push for interest-rate cuts.US stocks woke from a sluggish start to close higher Thursday, with the broad S&P 500 index again notching […]
New Tenant Rent Prices Plummet
The latest BLS and Cleveland Fed release of their quarterly new tenant rent index was lower by 2.43% year over year and over 5% from the prior quarter. The sharp rate of decline was surprising. Moreover, the update gives us more confidence that inflation is heading toward the Fed’s 2% target.Unlike CPI shelter prices, which […]
5 Key Charts Explain Why Ethereum Price Is In Trouble
Ethereum price has formed a triple-to-chart pattern on the weekly chart. Ethereum’s fees have continued falling and been overtaken by key networks. It has lost market share in the decentralized exchange industry. Ethereum price is struggling this year even as Bitcoin remains near its all-time high and optimism in the crypto industry continues. ETH coin […]
