WTI Elliott wave analysisWTI continues the minor recovery from September and may reach $80 in the coming days. However, if the rally is capped below $84.5 at the top of July 2024, the commodity will likely lose its bullish pace and then sell
January 8, 2025
Instrument: USD/JPY (Currency) Average Pattern Move: +1.56% Timeframe: Jan 6 – Apr 6 Winning Percentage: 65%The yen weakened the most among major currencies to start the week commencing Jan 06 as Tokyo traders returned from the holiday season, dropping to
Image Source: Unsplash DAX rises for a third session despite weak data Factory orders slump -5.4% Retail sales fall 0.6% MoM in November DAX rises towards 20,500 The DAX is rising for a third straight day despite a weaker close in
Image Source: Unsplash November retail sales and industrial orders data confirm our view of a light winter recession in Germany.Industrial orders plummeted by 5.4% month-on-month in November, from -1.5% MoM in October. On the year, orders were down by some 2%.
Bearish view Sell the AUD/USD pair and set a take-profit at 0.6180. Add a stop-loss at 0.6315. Timeline: 1-2 days. Bullish view Set a buy-stop at 0.6245 and a take-profit at 0.6325. Add a stop-loss at 0.6175. The AUD/USD pair
Image source: Pixabay At the end of Tuesday, the Dow Jones Index (US30) decreased by 0.42%. The S&P 500 Index (US500) was down 1.11%. The Nasdaq Technology Index (US100) lost 1.78%. The US stocks closed lower on Tuesday as good economic
Image Source: Unsplash ITFOR Inc (ITFRF) is an information technology service management company. The firm develops total solutions, from consulting, to system configuration, customer specific solution development, operation, and management for network security.The company’s service portfolio comprises financial solution systems, call-centre
During yesterday’s trading session, the EUR/USD pair attempted to rebound upwards, but its gains did not exceed the 1.0435 level before settling back down around 1.0335 at the time of writing this analysis. This comes ahead of the release of
The USD/CAD price analysis shows further support for a gradual Fed easing cycle. The US released upbeat data on Tuesday, which boosted the dollar against the Canadian dollar. However, political developments in Canada have allowed the CAD to make a
Ethereum price failed to clear the $3,750 resistance and trimmed gains. ETH is back to $3,350 and might struggle to start a fresh increase. Ethereum started a fresh decline from the $3,750 zone. The price is trading below $3,550 and
