Bullish view Buy the AUD/USD pair and set a take-profit at 0.6800. Add a stop-loss at 0.6700. Timeline: 1-2 days. Bearish view Set a sell-stop at 0.6740 and a take-profit at 0.6680. Add a stop-loss at 0.6815. The AUD/USD pair continued its slow recovery as the US dollar weakness gained steam ahead of the Federal Reserve interest rate decision. It rose to a high of 0.6746, its highest level since September 6. Federal Reserve decision and US retail salesThe US will publish the August retail sales data on Tuesday as the Fed prepares to shift its tone on monetary policy.These are important numbers because they provide more information about ...
Today 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: 00:02:18More By This Author:US30 Dow Jones Analysis For The Week Ahead XPDUSD Trading Strategy: Palladium Analysis & Forecast Silver Trading Strategy – XAGUSD Analysis & Forecast...
Elliott Wave Analysis TradingLounge Daily Chart,Binance / U.S. dollar(BNBUSD)BNBUSD Elliott Wave Technical AnalysisFunction: Counter TrendMode: CorrectiveStructure: Double Correctiveposition: Wave ((Y))Direction Next higher Degrees: wave 2Wave Cancel invalid level: Details: The decline of wave Y is likely to end and the price is re-entering the uptrend.Binance / U.S. dollar(BNBUSD)Trading Strategy:It looks like the wave 2 correction is complete and the price is still likely to move up. Look for an opportunity to join the wave 2 uptrend.Binance / U.S. dollar(BNBUSD)Technical Indicators: The price is above the MA200 indicating an Uptrend...
Image Source: UnsplashInitiating a ‘cutting cycle’ – comes after well-known anticipation of the Fed’s upcoming decisions, which generally have been made. So that’s why the idea of a short-term fling and selling squall ‘after the news’; but that’s aside from overall expectations that can lead to a relatively favorable equity environment into the start of 2025, but again allowance of a shakeout in the interim from new highs seems reasonable.There are other fundamental factors that could help certain big stocks. Just as an example, today’s Intel rollout slowing in Europe (but on-pace in t...
Image Source: PixabayGetinge (GNGBY) manufactures a wide range of products for use in acute care, surgical, and life sciences in the hospital, pharmaceutical, and research settings.The company reports in three segments: acute care therapies (52% of revenue), surgical workflows (34%), and life sciences (14%). Product areas include ventilators, surgical stents, life support systems, sterilizers, surgical tables, and sterile transfer systems.Getinge derives revenue from a broad geographic footprint, with the Americas accounting for 45% of sales (U.S. 33% of sales), Asia-Pacific 25%, and Europe, Middle East, and Africa the remaining 30%.Getinge...
Image Source: PixabayThe September syndrome is already visible in U.S. stock markets. September is known to be the worst-performing month for Wall Street. This year, too, the situation remains challenging. Major stock indexes suffered significant losses in the first week of this month. However, last week, was the best for these indexes in 2024. Wall Street is currently riding on high expectations of the beginning of the interest rate cut regime by the Fed in the September FOMC meeting scheduled next week. The existing range of 5.25-5.5% marks a 23-year high level. If the Fed initiates a rate cut, it will be the first one since March 2020, a...
Image Source: Pixabay Energy – Refiners react to weaker margins ICE Brent settled 1.59% higher yesterday, possibly as shorts in the market cover their positions ahead of Wednesday’s FOMC meeting, where the market is still torn between a 25 basis point or 50bp cut from the Fed. There are also lingering concerns over Libyan oil supply, which continues to be disrupted due to political fighting over the central bank’s control. In addition, in the US, a little more than 12% of US Gulf of Mexico oil production remains shut-in following Hurricane Francine.Refinery margins around the globe remain under pressure. Unsurprisingly this w...
Image Source: Pexels Weekend’s over – let’s make some money! Markets are range-bound ahead of FOMC later this week, and I couldn’t be happier!Ranges are SUPER easy to trade (once you learn how they work) and these (2) Reversal Trades could be easy money on Tuesday!The Emini is bullish into a range, but the Nasdaq is bearish…They’re both range-bound, but that difference in MOMENTUM plays a big role in which entry pattern we’ll use tomorrow morning – let me show you! E-Mini S&P (ES): Emini is bullish into a range, so I’m looking for ways to buy bear traps off support levels below it. E-Mini Nasdaq (NQ): Nasdaq i...
Image Source: PixabayIn this video, Ira Epstein reviews the activity in the Financial Markets after the day that just ended, Monday, September 16.Video Length: 00:11:57More By This Author:Financial Markets Report For Thursday, Sept 12Metal Markets Report For Wednesday, Sept 11Financial Markets Report For Wednesday, Sept 11...
Image Source: Pixabay EUR/USD climbed back over 1.1100 as rate cut hopes keep markets afloat. A thin week on the EU economic calendar leaves Fed rate focus front and center. The Fed is expected to begin cutting rates this week and deliver multiple cuts by year-end. EUR/USD rose on a tide of Greenback shorting pressure on Monday, with bids getting lifted back above the 1.1100 price handle that flummoxed intraday action to cap off last week. Risk-on market sentiment has kicked off the new week firmly in control as investors stare off into the distance at expected rate cuts from the Federal Reserve (Fed).Little of note exists on the economic ...