Annabelle
He liked
Elliott Waves on Gold: Deep correction hunting support
Gold's price is inching slightly to the upside, but the movement on smaller time frames isn't showing strong impulsive characteristics from the lows seen on Tuesday. This suggests that the current uptick could still be part of subwave four within wave C, which is associated with a corrective drop. W
He liked
AUD/USD stand firm above 0.6500 with markets bracing for Aussie PPI, US inflation
AUD/USD steady after a 0.33% gain Thursday, spurred by US GDP and rising inflation. Market now expects the first Fed rate cut in November, not September, based on latest economic data. Investors eye upcoming Australia PPI and US Core PCE figures for more market direction. The Aussie Dollar begins Fr
He liked
Dow Jones Industrial Average falls back after US GDP flubs expectations but inflation still hot
Dow Jones backslides over 500 points as investors balk at inflation complications. US GDP eased quicker than expected, jostling risk appetite. Equity recovery is under way, but remains limited. The Dow Jones hit its lowest bids in a week after US Gross Domestic Product (GDP) figures missed forecasts
He liked
EUR/GBP falls to near 0.8550 as BoE could delay rate cuts
EUR/GBP extends losing streak on growing expectations of BoE delaying rate cuts. The gains in the UK 10-year yield enhanced the hawkish expectations for the BoE’s stance on monetary policy. ECB's Schnabel noted that the last phase of reaching Eurozone inflation of 2% could be challenging. The EUR/GB
He liked
Elliott Wave intraday analysis on GBP/USD shows five waves bullish impulse [Video]
Elliott Wave view on GBP/USD suggests that rally from 10.4.2023 low takes the form of an impulsive structure. Up from 10.4.2023 low, wave (1) ended at 1.2828. Correction in wave (2) unfolded as an expanded flat Elliott Wave structure. Down from wave (1), wave A ended at 1.2519 and wave B ended at 1.
He liked
He liked
He liked
Silver Price Forecast: XAG/USD remains on the defensive below $27.50 on easing Middle East tensions
Silver price turns red around $27.30 on Wednesday, despite the weaker USD. A relaxation in Middle East geopolitical tensions drags silver price to a two-week low. The rising demand for white metal in industrial uses supports the XAG/USD. Silver price (XAG/USD) trades on a softer note near $27.30 dur
He liked
He liked
Is the dip in commodities a buying opportunity? [Video]
After an explosive start to 2024, which has seen Commodities across the board hit new multi-year and all-time record highs – prices have pulled back this month as trader’s bank windfall profits to offset losses in other asset classes such as Equities. According to JP Morgan, the $2 trillion selloff
He liked
He liked
He liked
Gold price drops to over two-week low, flirts with $2,300 amid easing Middle East worries
Gold price drifts lower for the second successive day amid receding geopolitical tensions. Reduced Fed rate cut bets continue to underpin the USD and contribute to the downfall. The fundamental backdrop warrants some caution before placing aggressive bearish bets. Gold price (XAU/USD) plunged over 2
He liked
Pull-up Update