The Australian Dollar (AUD) could edge higher, but it is unlikely to be able to break above 0.6930. In the longer run, AUD has to break...
Function: Larger Degree Trend Higher (Intermediate Degree Orange). Mode: Motive. Structure: Impulse. Position: Minor Wave 5 Grey. Details: Minor Wave 5 Grey is progressing higher towards 1758,...
ASX: WESFARMERS LIMITED – WES Elliott Elliott Wave Technical Analysis TradingLounge (1D Chart). Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with WESFARMERS...
Gold reaches an all-time high of $2,685, buoyed by China’s stimulus and Middle East tensions. Despite strong US Dollar, Fed’s recent 50 bps rate cut fuels...
Mexican Peso is virtually unchanged after hitting a daily high of 19.46. Banxico expected to cut rates by 25 bps, but a larger cut could push...
Caterpillar stock rises 3.5% on Thursday. China says it is prepared to strongly stimulate domestic economy. CAT reached an all-time high of $397.22 early in the...
GBP/USD Price Forecast: Recovers, aiming for 1.3400 on upbeat sentiment The Pound Sterling climbs over 0.59% against the Greenback, boosted by an improvement in risk appetite,...
The EUR/GBP has steadily declined over the past trading days. The RSI and MACD are both suggesting that selling pressure is rising. Oversold conditions might prompt...
The Mexican Peso edges higher ahead of the Banxico meeting on Thursday. Most analysts expect a moderate 0.25% cut to the central bank’s cash rate. USD/MXN steadily...
The support from China’s stimulus story waned yesterday, and EUR/USD’s exploration above 1.1200 proved to be very short-lived amid quarter-end USD buying, ING’s FX strategist Francesco...
GBP/USD edges higher amid modest USD downtick, remains below mid-1.3300s The GBP/USD pair regains some positive traction during the Asian session on Thursday and reverses part...
Silver fails to build on the overnight modest rebound from the vicinity of mid-$31.00s. The technical setup supports prospects for an extension of the recent upward...
Gold price steadied at $2,660 after hitting a record high of $2,670. Traders assign a 60% chance for another 50 bps of Fed rate cuts in...
USD/JPY climbs over 0.90% to 144.54, buoyed by a rise in the US 10-year Treasury yield. Despite the uptick, the pair shows a downward trend, remaining...
Mexican Peso declines as USD/MXN climbs over 1.40%, driven by expectations of further Banxico rate cuts. Cooling inflation in early September bolsters the case for a...
EUR/GBP retraced Monday’s sharp downward movements. The daily RSI and MACD signals a stabilizing selling pressure. The pair might extend its current sideways trend in the...
GBP/USD Price Forecast: Weakens and drops below 1.3400 as USD recovers The Pound Sterling lost some steam against the US Dollar in early trading during Wednesday’s North American...
Gold rallies to a new record high after US Consumer Confidence data falls well below expectations. The data reinforces bets the Federal Reserve will have to...
TASI Index Elliott Wave Analysis: Daily Chart TASI index Elliott Wave technical analysis Function: Bullish Trend. Mode: Impulsive. Structure: Gray Wave 3. Position: Orange Wave 3. Next lower degrees direction: Gray Wave 4. Details: Gray...
The Pound Sterling (GBP) could rise and potentially reach 1.3450; the next resistance at 1.3480 is unlikely to come into view. Boost in momentum indicates further...