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Markets
EUR/GBP moves below 0.8300 due to increased likelihood of further ECB rate cuts
EUR/GBP comes under downward pressure as ECB plans to continue lowering borrowing costs next year.
ECB Lagarde highlighted that the central bank could…
USD/CHF posts modest gains to near 0.9000 in thin holiday trading
USD/CHF trades with mild gains near 0.8990 in Tuesday’s European session.
Fed indicated fewer rate reductions ahead, supporting the US Dollar. …
Netflix is in process of doing five waves advance
Short Term Elliott Wave view in Netflix ticker symbol: $NFLX suggests that rally from 8.05.2024 low is incomplete & should continue upside. It is showing 3…
USD/CAD Price Forecast: Hovers around the ascending channel’s upper boundary at 1.4400
USD/CAD tests the immediate resistance at the ascending channel’s upper boundary of 1.4400 level.
The bullish bias is reinforced as the 14-day RSI remains…
EUR/JPY remains subdued near 163.00 following BoJ Meeting Minutes
EUR/JPY depreciates as the latest BoJ Meeting Minutes highlighted the possibility of gradual rate hikes if inflation trends as expected.
The Euro remains…
NZD/USD Price Forecast: Hovers near 0.5650, dovish RSI reflects a growing bearish bias
NZD/USD hovers around the descending channel’s lower boundary, reflecting a growing bearish bias.
The bearish sentiment is being reinforced as the RSI…
GBP/JPY remains on the back foot below 197.00 amid intervention fears
GBP/JPY consolidates in a range on Tuesday amid mixed fundamental cues.
The BoJ rate hike uncertainty undermines the JPY and supports spot prices.
The…
Silver price today: Silver broadly unchanged, according to FXStreet data
Silver prices (XAG/USD) broadly unchanged on Tuesday, according to FXStreet data.
Silver trades at $29.63 per troy ounce, broadly unchanged
0.07%…
Silver Price Forecast: XAG/USD drops to near $29.50, facing pressure from Fed’s moderate hawkish stance
Silver price falls to near $29.50 amid firm US Treasury yields.
US bond yields trade near more than a six-month high as the Fed guided fewer rate cuts in…
Bank of America Corp. ($BAC) blue box area offers a buying opportunity
In today’s article, we’ll examine the recent performance of Bank of America Corp. ($BAC) through the lens of Elliott Wave Theory. We’ll review how the rally…