The Real Debt Crisis Is Here – And No One Noticed
Image Source: Pixabay We are seeing the full effects of the debt crisis paradox. And it only seems like a “paradox” from the perspective of conventional wisdom on the matter. Government debt is indeed bad for the economy, but not AT ALL in the way most people are led to believe or assume. This creates another […]
Bitcoin Drops To A New Weekly Low On Tuesday, October 22
Bitcoin chart analysisThe price of Bitcoin retreated to $66,820 on Monday, October 21. We again took a step below $67000 and the EMA 200 moving average. Fortunately, the price stayed there for a short time, followed by a rise to $67,900. The weak momentum created resistance there. Bitcoin did not have enough strength to continue […]
Greenback Consolidates
Image Source: Pixabay Overview: US interest rates remain firm and the dollar is mostly consolidating against the G10 currencies, in a muted “Turn Around Tuesday.” The greenback is straddling the JPY151 area, its best level since the end of July. Despite bearish price action yesterday, the euro, sterling, and Australian dollar have seen limited follow-through selling and […]
USD/JPY Analysis: Beware Of Strong Overbought Levels
At the beginning of this week, the Japanese Yen declined below 150.80 yen per US dollar, the highest level for the currency pair in more than two months. With the recent performance, the USD/JPY pair is returning to the key psychological level of 150 yen per dollar, which markets fear may prompt Japanese authorities to […]
The Coca-Cola Company Stocks Elliott Wave Technical Analysis
KO Elliott Wave Analysis Trading LoungeThe Coca-Cola Company, (KO) Daily ChartKO Elliott Wave Technical AnalysisFUNCTION: Counter TrendMODE: CorrectiveSTRUCTURE: ComplexPOSITION: Wave {iv}.DIRECTION: Bottom in wave {iv}.DETAILS: We are witnessing a correction that has been lasting a little over one month now, in what appears to be a wave {iv} after a sharp impulsive move in wave {iii}. The Coca-Cola […]
BTC/USD Forex Signal: Bitcoin Could Still Retest Its All-Time High BTC/USD technical analysis
Bullish view Buy the BTC/USD pair and set a take-profit at 72,000. Add a stop-loss at 65,000. Timeline: 1-2 days. Bearish view Sell the BTC/USD pair and set a take-profit at 65,000. Add a stop-loss at 72,000. Bitcoin price moved sideways after retesting the important resistance point at $69,000 for the first time since July […]
Daily Market Outlook – Tuesday, Oct. 22
Image Source: Pixabay Asian stock markets are mostly down on Tuesday, reflecting the mixed signals from Wall Street overnight as bond yields rise due to diminished expectations of US Federal Reserve interest rate cuts. Traders have also taken some profits after the recent market rally. The uncertainty surrounding conflicts in the Middle East and Europe, as […]
EUR/USD Forex Signal: Bearish Trend To Continue For A While
Bearish view Sell the EUR/USD pair and set a take-profit at 1.0700. Add a stop-loss at 1.0950. Timeline: 1-2 days. Bullish view Buy the EUR/USD pair and set a take-profit at 1.0950. Add a stop-loss at 1.0700. The EUR/USD exchange rate’s sell-off accelerated on Tuesday morning as the US dollar index continued its strong rally. […]
The Rise In The Dollar Index Is Putting Pressure On Stock Indices
Image Source: Pixabay At Monday’s close, the Dow Jones Index (US30) was down 0.80%. The S&P 500 Index (US500) was down 0.18%. The Nasdaq Technology Index (US100) closed positive 0.18%. On Monday, the Dollar Index approached levels not seen since early August as hopes of a near-term interest rate cut by the Federal Reserve wane. Strong US […]
EURUSD Caught In A Sideways Pattern: What’s Next?
The EURUSD pair has entered a consolidation phase, trading sideways within a narrow range between 1.0810 and 1.0871. This sideways movement has caught the attention of forex traders, who are now closely watching for signs of the next directional move.Currently, the key level to watch is the resistance at 1.0871. As long as the price […]
