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Archives by Year:
EUR/USD Forex Signal: Ripe For A Breakdown Ahead Of US CPI Report
Bearish View Sell the EUR/USD pair and set a take-profit at 1.0900. Add a stop-loss at 1.1050. Timeline: 1-2 days. Bullish View Set a buy-stop at 1.0985 and a take-profit at 1.1050. Add a stop-loss at 1.0900. The EUR/USD price was flat on Thursday morning after mixed signals from Europe and as traders waited for the upcoming […]
All Eyes On US Inflation Data
Image Source: Pexels Activity is expected to pick up today, with the US economic calendar heating up. In recent sessions, economic data around the globe has been mostly second-tier in nature, which has resulted in choppy sideways trade.Video Length: 00:00:43More By This Author:Keep An Eye On Bitcoin Today Traders Positioning Ahead Of Thursday’s US CPIBad News […]
Elliott Wave Technical Analysis Day Chart: British Pound/U.S. Dollar – Thursday, Jan. 11
Image Source: Unsplash GBPUSD Elliott Wave Analysis Trading Lounge Day Chart, 11 January 2024British Pound/U.S.Dollar (GBPUSD) Day ChartGBPUSD Elliott Wave Technical AnalysisFunction: TrendMode: impulsiveStructure: blue wave 5 of 1Position: Red wave 3/CDirection; Next Lower Degrees: Black wave 2Details: blue wave 4 of black wave 1 looking completed, now blue wave 5 of 1 is in play. […]
Elliott Wave Technical Analysis 4 Hour Chart: British Pound/U.S. Dollar – Thursday, Jan. 11
Photo by Colin Watts on Unsplash GBPUSD Elliott Wave Analysis Trading Lounge 4 Hour Chart, 11 January 2024British Pound/U.S. Dollar (GBPUSD) 4 Hour ChartGBPUSD Elliott Wave Technical AnalysisFunction: TrendMode: impulsiveStructure: blue wave 5 of 1Position: Red wave 3/CDirection: Next Lower Degrees: Black wave 2Details: blue wave 4 of black wave 1 looking completed, now blue wave 5 of 1 […]
Dollar Index Forecast Ahead Of US Inflation Report
Image Source: Pixabay The US will publish the latest consumer inflation numbers on Thursday. Economists expect the data to show that inflation remained above the Fed’s 2% target. The inflation report will set the tone for what to expect from the Fed. The US dollar index (DXY) price remained in a tight range on Thursday morning […]
Bank Of Korea: Rate Cuts Are Only A Matter Of Time, But There Is No Rush
Image Source: PixabayThe Bank of Korea (BoK) has kept its policy rate at 3.5% for the eighth consecutive meeting. But by removing “…need to raise base rate further…” from the statement, the BoK is opening the door to rate cuts. We expect the first cut in 2Q24, with inflation stabilizing in the 2% range, domestic growth conditions weakening and […]
EUR/GBP Pares Gains Towards 0.8600 Ahead Of ECB Economic Bulletin
Image Source: Pixabay EUR/GBP edges lower to 0.8601 on Thursday. ECB’s de Guindos said the eurozone may have been in recession last quarter and prospects in the near term remain weak. Bank of England (BoE) Governor Bailey highlighted that it’s important to curb inflation towards its 2% target. The EUR/GBP cross snaps the two-day winning streak […]
Chinese FDI Inflows Hit Multi-Year Lows
Image Source: PixabayThe Chinese economy has thrown up several red flags in 2023 and now foreign investors are losing confidence in the world’s second-largest economy.In the following graphic, Visual Capitalist’s Pallavi Rao shows foreign direct investment (FDI) inflows have hit multi-year lows, using data accessed via the Peterson Institute for International Economics and sourced from China’s State Administration of Foreign Exchange (SAFE)FDI occurs when […]
Metals Report For Wednesday, January 10
Image Source: UnsplashIn this video, Ira Epstein reviews the day’s trading in the gold and other relevant metal markets.Video Length: 00:09:45More By This Author:SPDR ETF Report For Wednesday, January 10Financial Markets Report For Wednesday, January 10Metals Report For Tuesday, January 9
Elliott Wave Technical Analysis: BTCUSD – Thursday, January 11
Image Source: UnsplashElliott Wave Analysis TradingLounge Daily Chart, 11 January 24,Bitcoin / U.S. dollar(BTCUSD)BTCUSD Elliott Wave Technical AnalysisFunction: Follow TrendMode: MotiveStructure: ImpulsePosition: Wave (III)Direction Next higher Degrees: wave ((I))Wave Cancel invalid level: 31046.25Details: Wave (III) is equal to 161.8% of Wave (I) at 50525.35Bitcoin / U.S. dollar(BTCUSD)Trading Strategy: Bitcoin 1 is still in an uptrend, with […]
