The USD/ILS has provided speculators with a tight range, and day traders looking to take advantage of technically perceived support and resistance levels may want to wager.Pexels Having survived early Thursday’s sudden spikes lower the USD/ILS has produced a tight
March 11, 2024
Image source: Pixabay As serious economic weakness begins to increasingly show itself, the Fed is going to pivot and thereby try to sell the public on lower rates as somehow being something positive. A small bit of economy insurance and nothing
US equity futures are poised to open lower on Monday, extending Friday’s slide into this data-heavy week after pulling back from all-time highs at the end of last week, with technology shares leading declines in the wake of data giving
The USD/JPY extends its losing spell for the fifth trading session on Monday. The asset drops 146.70 on broader weakness in the US Dollar and rising expectations for the Bank of Japan (BoJ) exiting its expansionary interest rate stance in the March
Image Source: Unsplash Soybean Elliott wave Analysis- recovery before fresh sell-off?Soybean’s trajectory in March has been marked by a semblance of recovery. Yet, within the larger context of its wave sequences, this upturn is merely a fragment of an overall bearish
The USDA’s latest monthly WASDE report was fairly constructive for corn and soybeans as lower supply pushed down global inventory estimates. Meanwhile, the report was largely neutral for wheat with slight upward revisions to both production and consumption estimates. Pixabay Global corn balance tightensFor
Global central banks from the Fed to PBOC signal that the monetary policy this year will become easier this year, potentially opening doors for stocks to further gain.Federal Reserve Chair Jerome Powell on Thursday indicated that interest rate cuts may
Hello fellow traders. In this technical article we’re going to take a look at the Elliott Wave charts charts of ETHUSD published in members area of the website. As our members know Ethereum has given us 3 waves pull back recently that
A move down to the 50 day EMA, which I also think will end up being very supported, would be possible if we were to break below the 200 day EMA. The crude oil markets are still seeing strong support,
The USD/CAD outlook reveals a slight bearish tone as markets juxtapose Canada’s upbeat employment report with the mixed signals from the US job market. Yet, amidst this comparison, the pair finds support from softer oil prices, contributing to the weakening
