Morning Bid: Parsing Biden TV flop, France poll, PCE time
A look at the day ahead in U.S. and global markets from Mike Dolan If TV debates decided elections, world markets seem remarkably calm about the prospect of a Donald…
EURUSD: Elliott wave analysis and forecast for 28.06.24 – 05.07.24
Main scenario: consider long positions from corrections above the level of 1.0612 with a target of 1.0978 – 1.1141. Alternative scenario: breakout and consolidation below the level of 1.0612 will…
Why Investors are Optimistic About Gold: A Historical Comparison
Gold has always held a special place in the world of finance and investment. Since the end of the Gold Standard in 1971, gold has made six major breakouts. Notably,…
USDCHF: Elliott wave analysis and forecast for 28.06.24 – 05.07.24
Main scenario: after correction, consider short positions below the level of 0.9222 with a target of 0.8730 – 0.8325. Alternative scenario: breakout and consolidation above the level of 0.9222 will…
Oil up ahead of US inflation data, set for third weekly gain
By Arunima Kumar BENGALURU (Reuters) -Oil prices rose on Friday and were on course for a third straight weekly jump buoyed by growing expectations that the U.S. Federal Reserve will…
USDCAD: Elliott wave analysis and forecast for 28.06.24 – 05.07.24
Main scenario: consider long positions from corrections above the level of 1.3606 with a target of 1.4000 – 1.4200. Alternative scenario: breakout and consolidation below the level of 1.3606 will…
Dollar strengthens ahead of PCE data; euro weighed by political uncertainty
Investing.com – The U.S. dollar edged higher in early European trade Friday, on course for its second straight quarterly gain, the euro slipped and the Japanese yen remained on intervention…
Short-term Analysis for Oil, Gold, and EURUSD for 28.06.2024
I welcome my fellow traders! I have made a price forecast for the USCrude, XAUUSD, and EURUSD using a combination of margin zones methodology and technical analysis. Based on the…
Saudi Arabia may cut oil prices for Asia for second month in August
By Florence Tan SINGAPORE (Reuters) – Top oil exporter Saudi Arabia may cut prices for crude grades it sells to Asia for a second month in August, tracking weakness in…
US Dollar Bullish after First Debate Standoff. Forecast as of 28.06.2024
The first presidential debate in the US destroyed the euro’s potential rally. The risks of Donald Trump returning to power were higher than the deterioration of the US economy and…
