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Week 46: USD Index Bets Continue Divergence, Speculators Cut Their Euro Bets

November 24, 2024 - by - Leave a Comment

Here are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).The latest Commitment of Traders (COT) data is updated through Tuesday November 19th and shows …

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Financial

Is The Market Cautiously Rotating At New Highs?

November 24, 2024 - by - Leave a Comment

Last week started with the anticipation of how the market would respond to its prior week’s pullback from the enthusiastic post-election rally.Even without a boost from ’s earnings report, the …

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Financial

Weekly Forex Forecast – Sunday, Nov. 24

November 24, 2024 - by - Leave a Comment

Image Source:  Fundamental Analysis & Market Sentiment  that the best trade opportunities for the week were likely to be: Long of Bitcoin in US dollar terms. Bitcoin has risen by 9.57% over the …

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Financial

Weekly Technical Update: S&P 500 – Sunday, Nov. 24

November 24, 2024 - by - Leave a Comment

Image Source: In this comprehensive video, I review how the S&P 500 has moved in recent days. I also discuss where I could see it moving to in the holiday-shortened week …

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Financial

Gold ETFs Regain Luster: Will The Rally Continue?

November 24, 2024 - by - Leave a Comment

Image: BigstockGold regained its luster this week, driven by safe-haven demand amid an escalation in the conflict between Russia and Ukraine. The bullion is on track to post its best week …

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Financial

Pushing To Higher Highs

November 24, 2024 - by - Leave a Comment

Image Source: The NYSE Index just keeps pushing to higher highs. This is impressive price action, and last week’s new high for the market was not at all what I expected …

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Financial

The Fed Rate Cutting Cycle May Be Over

November 24, 2024 - by - Leave a Comment

Stocks bounced back some this week following last week’s decline, with the S&P 500 rebounding by 1.7%. , with US markets closed on Thursday and a half-day on Friday. It …

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Financial

Pairs In Focus – Sunday, Nov. 24

November 24, 2024 - by - Leave a Comment

Image Source:  EUR/USD (Click on image to enlarge)The euro likely found the week to be an absolutely horrible one, as it finally broke below the 1.05 level. By doing so, the market now …

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Financial

These Magnificent 7 Reports Impressed Investors: Amazon, Tesla

November 24, 2024 - by - Leave a Comment

Image: BigstockThe Q3 reporting cycle has officially ended for the Magnificent 7 group following the release of Nvidia’s quarterly results earlier this week. The group posted strong growth, though post-earnings …

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Financial

Bitcoin Nears $100,000 As The Market Boom Continues

November 24, 2024 - by - Leave a Comment

Image Source:  This Week’s Summary The cryptocurrency market looks set to end the week at a total market capitalization of approximately $3.31 trillion. Bitcoin increased by over 7% to trade at …

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