GBP/CHF Forecast: Drops Into Value Zone
The British pound has plunged much lower against the Swiss franc, yet again during the trading session on Thursday. In my daily analysis, the first thing that I noticed is that we reached the 200-day EMA, but then did show signs of support. It’s probably worth noting that we also have the 38.2% Fibonacci retracement […]
Elliott Wave Technical Analysis: VeChain Crypto Price News – Friday, July 26
Image Source: Freepik Elliott Wave Analysis TradingLounge Daily Chart,VeChain / U.S. dollar(VETUSD)VETUSD Elliott Wave Technical AnalysisFunction: Counter trend Mode: CorrectiveStructure: Double CorrectivePosition: Wave ((Y))Direction Next higher Degrees: wave II of ImpulseWave Cancel invalid Level: 0.2100Details: Wave II May is complete and the price increase again in Wave III.VeChain / U.S. dollar(VETUSD)Trading Strategy:VeChain’s trend seems to be over as […]
Gold Trading Strategy Today – Friday, July 26
Image Source: PixabayToday you will see gold price prediction based on the technical analysis. What is the support and resistance on the daily time frame for XAUUSD? What to expect where the price will breakout for the XAUUSD based on the supply and demand zones.Video Length: 00:04:43More By This Author:Gold Trading Strategy Today – Thursday, July […]
Metal Markets Report For Thursday, July 25
Image Source: PixabayIn this video, Ira Epstein reviews the day’s trading in the gold and other relevant metal markets.Video Length: 00:09:01More By This Author:SPDR ETF Report For Thursday, July 25Financial Markets Report For Thursday, July 25Metal Markets Report For Wednesday, July 24
Quarterly Trading Report – Q2 2024: A Rising Tide Doesn’t Always Lift All Boats
Image Source: Pixabay The divergence between the Magnificent Seven and the other 493 companies in the S&P 500 Index continued during the second quarter, with the former gaining nearly 18% while the latter declined by about 1%. For the second straight quarter, fixed-income markets experienced a higher degree of volatility than normal, primarily due to shifts […]
What’s Going On With The Mag 7?
Image Source: PixabayThe Mag 7 group has been at the forefront of many market headlines over the last year, with their robust performance and quarterly results consistently exciting the market.And over the last several weeks, three members of the club – Nvidia (NVDA – Free Report), Apple (AAPL – Free Report), and Amazon (AMZN – Free Report) – have seen increased search […]
Japanese Yen Comes Under Pressure Following Tokyo CPI
Image Source: Pixabay The Japanese Yen struggles after the release of the Tokyo CPI data on Friday. The JPY’s downside may be limited as traders may continue unwinding their carry trades ahead of the BoJ meeting. The US Dollar appreciates as recent US economic data have reduced rate cut expectations for September. The Japanese Yen (JPY) […]
USD/CAD Trades With Mild Bearish Bias Near 1.3800, Eyes On US PCE Data
Photo by Michelle Spollen on Unsplash USD/CAD trades in negative territory around 1.3815 in Friday’s Asian session. Economic activity in the US was stronger than expected during the second quarter. The growing bets that the BoC would continue to cut interest rates weigh on the Loonie. The USD/CAD pair trades with mild losses near 1.3815, snapping the seven-day winning streak […]
SPDR ETF Report For Thursday, July 25
Image Source: PixabayIn this video, Ira Epstein reviews the day’s trading in various SPDR-ETF markets for the trading day that ended, Thursday, July 25.Video Length: 00:16:14More By This Author:Financial Markets Report For Thursday, July 25Metal Markets Report For Wednesday, July 24SPDR ETF Report For Wednesday, July 24
US Markets Suffer Worst Day Since 2022 As Tesla And AI Stocks Fall
Photo by Steve Johnson on UnsplashThe day on Wall Street was turbulent, with major indices suffering large losses in the wake of weak earnings reports from technology giants Tesla (TSLA) and Google (GOOGL). Here’s a breakdown of the key developments: Tesla’s Profit Slump Tesla, the EV pioneer led by CEO Elon Musk, faced a challenging quarter. The company reported […]
