All Signs Point To Lower Rates Ahead
Image Source: Pexels Oil prices are down big again. A lot more contango, too. Bond buying remains heavy and while not quite to the bull steepening it’s moving in on that key point. All signs point to lower rates ahead, but isn’t that a good thing? That’s what we’re supposed to believe…Video Length: More By This Author:Big […]
USD/JPY Forecast: Fluctuates Against The Yen On Wednesday
At the end of the day, the US dollar’s trajectory in the forex market is currently at a critical point, influenced by technical indicators and impending economic announcements, specifically the Non-Farm Payroll numbers on Friday. On Wednesday, the US dollar exhibited a slight rally, reinforcing the support level along a significant trendline that analysts have […]
Bitcoin Remains Around $44000, And Ethereum Slides To $2260
Bitcoin chart analysisThe price of Bitcoin was moving in a sideways channel in the $43400-$44300 range yesterday. Today, we see a continuation of that movement and are currently in the middle of the channel. Since we are still holding high, we expect to see a continuation to the bullish side and a break above the […]
Weak German Industrial Production Marks End Of Another Disappointing Week
Image source: Pixabay Another disappointing macro week suggests that the German economy is on track for another quarter of contraction.After a drop in exports and a sharp fall in new orders, it is now the turn of industrial production to disappoint, signaling a very weak start to the fourth quarter. In October, industrial production fell by 0.4% month-on-month, […]
GBP/USD Recovery Attempts Remain Capped Below 1.2600 So Far
Photo by Colin Watts on Unsplash The pound’s recovery attempts are likely to meet strong resistance at 1.2600. The weak ADP report failed to hit the US Dollar. The pair is under pressure after confirming a double-top at 1.2730. The Pound is trying to regain some ground in the early European session after bouncing from session lows […]
The Commodities Feed: Oil Demand Risks Linger
Source: DepositPhotosWeak Chinese oil import data has added fresh concerns for the oil market. The EIA report also failed to provide support as a significant rise in the refined product inventories clouded the expectations for a seasonal demand pickup. Energy – China’s crude oil imports dropThe weakness in the oil market persists, with ICE Brent settling […]
Dogecoin Retreats To 0.09600 And Shiba Inu To 0.00000960
Dogecoin chart analysisDogecoin price is retreating from yesterday’s high at 0.10645 level. The decline stopped at the 0.09430 level last night, and we are holding above it for now. We had an attempt to recover, but we encountered resistance in the zone around the 0.09800 level. We are again turning towards the support zone and […]
Moody’s Cries Wolf – Nobody Pays Attention
Image Source: Pixabay Moody’s rating service lowered its outlook on the US credit rating to “negative” from “stable”. This is not a ratings downgrade; but rather a warning of things to come. This follows actual downgrades in the US credit ratings from Fitch and S&P Global Ratings.Yahoo Finance reports: “The key driver of the outlook change to […]
BTC/USD Forex Signal: Bitcoin Has More Upside As FOMO Intensifies
The BTC/USD pair has been in a strong uptrend in the past few months. Bullish view Buy the BTC/USD pair and set a take-profit at 26,000. Add a stop-loss at 42,000. Timeline: 1-2 days. Bearish view Set a sell-stop at 43,000 and a take-profit at 42,000. Add a stop-loss at 45,000. Bitcoin price is hovering near […]
Sensex Today Trades Lower; Paytm Cracks 20%
Asian shares slipped with Wall Street on Thursday, while a sharp fall in oil prices to a five-month low promised to further reduce inflationary pressures and helped boost the global bond market.The Nikkei is trading 1.3% lower while the Hang Seng index is trading 0.7% lower.US stocks ended dragged lower by energy stocks as oil […]
