Author Archive: Jeremy Parkinson
XAUUSD Commodity Elliott Wave Technical Analysis
Gold Elliott Wave Analysis Function – Trend Mode – Impulse Structure – Impulse wave Position -Wave 4 Direction – Wave 5 Details – Wave 5 still struggles around the Fibonacci support zone. A diagonal seems to be developing for blue wave ‘c’ of 4. Still needs a sharp break out of the diagonal for wave 5 […]
XRP Market Cap Is Poised To Hit $2.61 Trillion Hints Top Crypto Analyst
The post XRP Market Cap Is Poised To Hit $2.61 Trillion Hints Top Crypto Analyst appeared first on Coinpedia Fintech NewsIn a recent tweet that has sparked excitement among XRP enthusiasts, well-known crypto analyst EGRAG CRYPTO hinted at an upcoming market movement for XRP, referring to it as the “3rd Kaboom.” EGRAG CRYPTO’s analysis suggests a significant breakthrough […]
The British Index Has Updated The Historical Maximum. Oil Lost 5% Over The Week
At the end of Thursday, the Dow Jones Index (US30) rose by 0.85%, and the S&P 500 Index (US500) rose by 0.91%. The NASDAQ Technology Index (US100) closed negative 0.33%. Optimism about the economic outlook is supporting stocks. Stocks have also received support since Wednesday when Fed Chair Powell said the Fed’s next move is unlikely to be an interest rate hike. […]
The Commodities Feed – European Gas Rallies
European natural gas prices rallied yesterday despite comfortable storage and a bearish outlook. The move higher in crude oil was more modest, after several bearish developments over the week. Energy – TTF back above EUR30The oil market was little changed yesterday. ICE Brent continues to trade below US$84/bbl after settling 0.28% higher yesterday. It has been […]
USD/JPY Extends Losses For Third Consecutive Session Towards Crucial Support
The Japanese Yen (JPY) is set to book one of its best weeks in history against the US Dollar. Since last Friday, a string of (un)confirmed interventions have pushed the USD/JPY pair from roughly 160.00 to 153.00. As the dust settles, the question is for how long the effect from these interventions will linger, and […]
EURUSD Tests Resistance: Uptrend Signal Or Correction Within Downtrend?
EURUSD’s price action faces a critical juncture, with a key resistance level potentially dictating the future direction of the currency pair. This analysis examines the technical situation and explores potential scenarios. EURUSD Encounters Resistance: 1.0752 Resistance in Focus: A major hurdle for EURUSD is the resistance level at 1.0752. A break above this level could signal a potential […]
Dollar Is Softer Ahead Of The Employment Report
The greenback is trading with a softer bias ahead of the US jobs report. Solid, even if not spectacular job growth, is expected. However, recent survey data warns of the downside risks. Moreover, counter-intuitively, the dollar has not often rallied this year into the employment data, but frequently has in response. The dollar is softer […]
Gold Commentary – Friday, May 3
Gold Softer on FridayGold prices are trading a little softer on Friday as traders brace for the latest set of US labour market readings. The last three months’ worth of NFP results have each surprised to the upside, keeping USD well bid consequently. With the labour market continuing to show robust growth and inflation remaining […]
GBP/CHF Forecast: British Pound Plunges Against Swiss Franc
Swiss National BankKeep in mind that the Swiss National Bank has no interest in seeing a strong Swiss franc at the moment, so you won’t have some of the noise and concerns that you have dealing with the Japanese yen at the moment. After all, the Japanese have intervened a few times, although they will end […]
