CPI Right On Target
Equity futures and international markets were little changed headed into the November CPI report. The STOXX 600 was unchanged, and overnight the Nikkei was also unchanged. The CPI report continued …
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EUR/USD Analysis: Awaits US Inflation
(Click on image to enlarge) US Inflation ExpectationsThe most important data in today’s economic calendar. The announcement of the US consumer price index readings, and the index is expected to rise …
Read More Australian Dollar Hits Four-Week Low Amid RBA Stance And US Dollar Strength
Image Source: The AUD/USD pair continues its downward trajectory, reaching a four-week low of 0.6386 on Wednesday. This decline is primarily influenced by the Reserve Bank of Australia’s (RBA) decision …
Read More Elliott Wave Technical Analysis – The Home Depot
HD Elliott Wave Analysis Trading LoungeThe Home Depot, () Daily ChartHD Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: MotivePOSITION: Wave {v}.DIRECTION: Upside in wave (iii) of {v} of 3.DETAILS: Looking for upside into …
Read More China Is No Longer The Marginal Buyer Of Oil
From 2010 through 2022, the US Energy Information Administration (EIA) calculates that global oil demand grew by 10 million barrels per day (Mb/d). Over 60% of the demand growth was …
Read More Crude Oil Catches Up With After Geopolitical Tensions Erupt
Oil prices albumpje higher, gaining some momentum with the heightened tensions in the Middle East. The monthly OPEC report to be a non-event. The US Dollar Index jumps on safe-have inflows and …
Read More USD/CHF Eases From 0.8850 Highs Heading On The US Inflation Release
The US Dollar is trading higher for the fourth consecutive day although bulls have been halted at 0.8850 with investors awaiting the reading of November’s US figures. The pair accelerated its …
Read More Ethereum Accumulation Addresses Hit $78B: What’s Next For ETH’s Price?
Ethereum (ETH), the second-largest cryptocurrency by market capitalization, seems to be drawing attention as analysts observe market metrics that indicates the possible next move for ETH.Recent data from CryptoQuant has …
Read More Silver Prices Hit A One-Month High
Image Source: The Dow Jones (US30) was down 0.35% on Tuesday. The S&P 500 Index (US500) closed negative 0.30%. The Nasdaq Technology Index (US100) fell by 0.34%. Investors were cautious …
Read More Two Trades To Watch: USD/JPY, Oil Forecast – Wednesday, Dec. 11
Image Source: USD/JPY tests the 200 SMA ahead of US CPI US CPI is expected to rise 2.7% YoY Japanese wholesale inflation rose to 3.7% USD/JPY tests 200 SMA resistance …
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