Gold Market Commentary - Monday, Jan. 15
Gold prices remain capped for now by the 2069.41 level resistance.
US Long Holiday Weekend Makes For Lighter Activity
It’s been an exceptionally quiet start to the week and activity is likely to continue in this way for the remainder of the day in light of the long holiday weekend in the US.
USD/JPY Forecast: USD/JPY Continues to See Volatility on Friday
The market retains underlying support factors, and the potential for buying opportunities remains.
Historic Milestone: First Bitcoin Rental Contract Signed In Argentina
Rosario, Argentina witnesses historic first Bitcoin rental contract post-repeal of Rental Law. Landlord and tenant use Fiwind, an Argentine crypto platform, for exclusive Bitcoin transactions.
HugeWin – A Casino And Sports Betting Platform With A Standout Gaming Experience
HugeWin is at the forefront of gaming platforms, combining casino games, sports betting, and crypto play for a standout user experience. This website features a selection of classic and trending casino slots, live sports events, and engaging games.
GBPUSD Trading Above 21-SMA Ahead Of UK CPI & Jobs Reading
The British Pound has been the smallest loser so far this year against the US dollar, with GBPUSD shedding less than 1%.
USD/CAD Outlook: Pair Holds Steady On A Public Holiday
The unexpected decline in US producer prices led to a decline in Treasury yields. There is a 78% chance of the US central bank starting rate cuts in March. The currency experienced a 0.2% increase last week, marking its 2nd consecutive weekly gain.
Weekly Market Outlook – Don’t Read Too Much Into The Recovery Effort Just Yet
After stocks broke their eight-week win streak two weeks ago, the market recovered pretty well last week. Just don’t overreact or read too much into it.
Asian Stock: Hyundai Motor
Hyundai Motor Company manufactures, sells, and exports passenger cars, trucks, and commercial vehicles.
Here’s Why Lloyds And HSBC Share Prices Are Sinking
UK bank stocks were under intense pressure on Monday as investors reacted to ratings downgrades and last Friday’s US bank earnings. Lloyds share price plunged to 43.83p, its lowest point since December 1.
Davos Hosts The Annual World Economic Forum
This week is the World Economic Forum in Davos, Switzerland.
Don’t Fear The Big, Bad Short Sellers
For an investor, few things are as unnerving as realizing that there is a concerted short-seller attack on one of your stocks. If you understand what the short sellers are trying to do, you can turn these scary moments into profitable opportunities.
German Economy Shrank In 2023
Now it's official. The German economy shrank by 0.3% year-on-year in 2023.
Elliott Wave Insights & Strategies: US Stocks
Nvidia and Meta Platforms lead the trend higher and the end of this trend would be in March 2024 for a deeper corrective pattern, but with a larger trend higher.
FX Market Commentary - Monday, Jan. 15
We’re seeing a relatively muted start to the week with US markets offline today.
EURUSD And GBPUSD: The Euro Remains Calm Around 1.09500
During the Asian trading session, EURUSD moved in the 1.09400-1.09700 range.
Chery Plans To Enter UK Market
Recently, the Financial Times reported that Victor Zhang, head of Chery Automobile UK, said that Chery plans to enter the British market in 2024 and complete the construction of factories in the European market by 2030.
FX Daily: Waiting On Central Bankers To Shake Data-Resistant Markets
Investors have cemented Fed easing expectations despite some hotter-than-expected US data.
What’s Happening With The Brent Crude Oil Price? And Where Will It Go Next?
The oil price is a slippery thing to predict in 2024 so far. With ever-fluctuating supply and demand, it seems to be flummoxing even the experts.
Two Trades To Watch: DAX, Oil Forecast - Monday, Jan. 15
Oil prices were holding steady after strong gains last week as traders remained focused on supply concerns in the Middle East.