Image Source: Unsplash USD/JPY strengthened as the BoJ scrapped the 1% ceiling for the 10-year government bond yield. BoJ Governor Ueda expressed fear about inflation not reaching long-term targets. Japan’s Chief Cabinet Secretary Matsuno engaged in some verbal intervention to bolster
October 31, 2023
Image Source: PexelsOther things equal, a reduction in price leads to a lower quantity supplied.But other things equal, the price never changes. Price always changes because other things are not equal.This tweet caught my eye:This is an example of what I call “reasoning from
Image Source: UnsplashCorning Incorporated (GLW) is a leader in materials science, specializing in the production of glass, ceramics, and optical fiber.The firm supplies products for a wide range of applications, from flat-panel displays in televisions to gasoline particulate filters in automobiles
Image Source: UnsplashThe forex market is very sensitive to many events across the globe. Some examples that affect the market include extreme weather conditions, natural occurrences, economic and geopolitical events. Notably, geo-political events are some of the key movers of the forex
Polaris (PII) is a Zacks Rank #5 (Strong Sell) that designs, engineers, manufactures, and markets power sports vehicles worldwide.The stock started 2023 off on a positive note, with three straight earnings beats. This helped the stock start up 40% on the
The GBP/USD price analysis hints bullishness as the pound secured gains on Tuesday. The backdrop for this positive move was the dollar, which took a breather in anticipation of the upcoming FOMC meeting. The dollar appears likely to end the
At the end of the day, while the Australian dollar has shown signs of revival, various factors, including its status as a “risk on” currency and the prevailing global economic conditions, suggest a cautious approach. The AUD/USD demonstrated resilience at the start
In the first Godfather movie, the heads of the mafia families gathered in an attempt to make peace and calm things down. They agreed that the drug trade would be handled carefully and that the Corleone Family would use their political power
The EUR/USD currency pairTechnical indicators of the currency pair: Prev Open: 1.0570 Prev Close: 1.0615 % chg. over the last day: +0.43 % The strengthening of the stock markets on Monday reduced the demand for liquidity for the US dollar. In addition, the
USDCHF Elliott Wave Analysis Trading Lounge 4 Hour Chart, 31 October 23U.S.Dollar/Swiss Franc(USDCHF) 4 Hour ChartUSDCHF Elliott Wave Technical AnalysisFunction: TrendMode: impulsiveStructure: red wave 2 of blue wave 1Position: Black wave 3Direction Next Higher Degrees: red wave 3 Details:
