A Crack In The Market’s Bullish ArmorLast week, we discussed the current bullish trend’s ongoing, mind-numbing, narrow channel. We have suggested there was little to worry about until the market violates the 20-DMA. That “crack” to this “unstoppable” bullish rally
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Image Source: Unsplash EUR/USD: The Dollar Weakness Puzzle What transpired with the EUR/USD currency pair last week? It behaved as expected on Monday, April 1. However, starting from Tuesday, the situation deviated. Let’s delve into the details.On the first day of April, data
The latest update for the weekly Commitment of Traders (COT) report was released by the Commodity Futures Trading Commission (CFTC) on Friday for data ending on April 2nd.This weekly Extreme Positions report highlights the Most Bullish and Most Bearish Positions for the speculator
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Money Payment Processing: A Comprehensive Guide to Adyen Integration April 4, 2024 Rachael Caffrey bank transfers, Credit cards, digital wallet, payments In today’s fast-paced digital economy, seamless and secure payment processing is essential for businesses of all sizes. Among the
AUD/USD briefly broke out of a descending channel and rallied. The rally was cut short, however, and the pair retreated back inside the channel. If AUD/USD rebreaks above the previous high of the initial breakout rally, it will be a bullish
Image Source: Pixabay Coffee Elliottwave AnalysisFunction – Counter-trend Mode – Corrective Structure – Triangle wave (X) Position – Wave A of (Y)Direction – Wave A of (Y) is still in playDetails – Wave A pushed farther away from 200. May push further higher. The 200 major level could provide
The market was cruising along as usual Thursday before reversing hard to the downside starting around 2 pm EST. At the time, it wasn’t clear if the catalyst was a speech by Fed President Neel Kashkari in which he said
Image Source: Pixabay Overview: The focus is squarely on the US employment report. At the risk of oversimplifying, given the position adjustment in the past 48 hours, a solid report can see the greenback recover, while a disappointing report will likely see
Image Source: Pixabay Poland’s current account surplus and Hungarian inflation figures are set to be the key highlights in a quieter week ahead in the EMEA region. Poland: Current account surplus from strong trade in goodsCurrent account (Feb): €797mWe forecast a
