Bear Of The Day: Dollar Tree DLTR Faces Post-Earnings Pressure Bottom Line
Dollar Tree (DLTR), a discount retailer, offers a wide range of quality everyday general merchandise in many categories, including housewares, seasonal goods, candy, food, toys, health and beauty care, and many other consumer items.Analysts have taken a bearish stance on the stock’s outlook, lowering their earnings expectations across the board and pushing it into an […]
Analytical Overview Of The Main Currency Pairs – Wednesday, September 18
The EUR/USD currency pair Technical indicators of the currency pair: Prev. Open: 1.1132 Prev. Close: 1.1113 % chg. over the last day: -0.17 % The euro came under pressure on Tuesday after the German ZEW Survey’s Economic Growth Expectations Index for September rose more than expected and hit an 11-month low. The euro’s losses accelerated after […]
Gold Remains Bullish Amid Easing Inflation And Federal Reserve Policies
Inflation trends and monetary policy decisions are at the forefront of economic discussions, as recent data indicates a shift in the landscape. The Consumer Price Index (CPI) figures show a noticeable decline in headline and core inflation, raising questions about the Federal Reserve’s next steps. This article presents the technical charts of the gold market […]
Wheat Commodity Elliott Wave Technical Analysis – Wednesday, September 18
Wheat is currently experiencing a pullback after the rallies seen in August and early September. Since hitting a low in July 2024, the commodity has rallied over 11%. While this corrective bounce may persist for a while, the overarching trend remains bearish, indicating a potential continuation of the sell-off later in the year. Daily Chart AnalysisAnalyzing the daily chart, […]
UK Services Inflation Rises But Underlying Story Is Improving
Don’t be fooled by the latest rise in UK services inflation. It’s largely down to base effects and faster price growth in categories the Bank of England is less bothered about. The underlying story is slowly improving and we think that means faster rate cuts through the winter, even if we’re expecting no change at tomorrow’s […]
USD/CAD Forecast: US Dollar Tests 200 Day EMA Against Canadian Dollar
If we were to break above the 1.3650 level, then the market is likely to go 1.3750 level above, which of course has seen a lot of resistance previously. If we can break above there, then the next target would be the 1.39 level. The 1.39 level is a major area of resistance on longer-term […]
USD/CAD Price Analysis: CAD Vulnerable After Downbeat CPI
The USD/CAD price analysis shows mild bullish momentum as the Canadian dollar remains fragile after softer-than-expected inflation data. At the same time, the dollar was steady as sales data pointed to a gradual start to Fed rate cuts.Data on Tuesday showed that inflation fell by 0.2% monthly, surprising economists who had forecast no change. Inflation […]
NIFTY 50 Index Elliott Wave Technical Analysis – Wednesday, September 18
NIFTY 50 (INDIA) Elliott Wave Analysis – Daily ChartNIFTY 50 (INDIA) Elliott Wave Technical Analysis Function: Trend Mode: Impulsive Structure: Orange Wave 1 Position: Navy Blue Wave 3 Direction Next Lower Degrees: Orange Wave 2 Details: Navy Blue Wave 2 appears complete, with Orange Wave 1 of Navy Blue Wave 3 now in play. Wave Cancel Invalidation Level: […]
USD/JPY Experiences Renewed Decline As Market Adjusts Expectations
The USD/JPY pair is currently stabilising around 141.44 on Wednesday, following a brief strengthening of the US dollar which impacted the yen negatively the previous day. Despite this, the overarching downward trend for the pair persists.Tuesday witnessed strong US retail sales data, bolstering the dollar’s strength temporarily and leading to a correction in the JPY. […]
AUDNZD Is Turning From Resistance
We talked about AUDNZD back on August 26, where we mentioned and highlighted strong resistance.AUDNZD is nicely turning down now from projected 61,8% Fibo. retracement and 1.11-1.12 resistance area. A decline looks quite strong, so it can be at the beginning of a bearish wave (C) with a leading diagonal pattern into wave 1 that […]
