Category: Markets
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Chart Art: WTI Crude Oil (USOIL) Triangle Pattern Forming!
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WTI bulls appear to be ready for another rally, as the energy commodity found support at the bottom of a newly formed triangle pattern. Can you go north from here? Here are the upside targets I see on the 4-hour time frame: West Texas Intermediate (USOIL) Chart by TradingView Is…
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Daily Broad Market Recap – October 23, 2024
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The major assets were all over the charts on Wednesday. US Treasury yields continued to rise, pushing the US dollar higher and dragging gold prices lower. Risk assets such as stocks and Bitcoin weakened, while crude oil prices failed to make new weekly highs. What were the catalysts that moved…
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BOC Cuts Rates by 50bps, Now Aims to Stick the Landing on Inflation Control
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As expected in our event guide, the The Bank of Canada (BOC) cut overnight interest rates by 50 basis points from 4.25% to 3.75%. In October. This is the fourth consecutive reduction in interest rates since June. In its statement, the central bank welcomed inflation reaching the 2% target and…
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Tech Stocks Up in Late Trading as Tesla Surges 8%: Markets Wrap
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(Bloomberg) — Big Tech companies rose in recent hours as Tesla Inc. “Magnificent Seven” earnings season with better than expected results. Treasury yields rose on bets that the Federal Reserve will take a more measured approach to interest rate cuts. Most read from Bloomberg After the stock market sell-off, Wall…
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Chart Art: Is Gold (XAU/USD) Gearing Up for a Correction?
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Gold prices have been on a tear these days thanks to all the uncertainty in the market. Is it time for a correction soon? Better keep an eye on these potential support areas in case the precious metal declines! Gold (XAU/USD) 4-Hour Frame Chart by TradingView Flows into safe havens…
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Daily Broad Market Recap – October 22, 2024
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There was no significant data, leaving major assets exposed to current market issues and growing concerns about the US economy. How have your closely watched assets traded in recent trading sessions? Let’s discuss it below: Titles: Member of the European Central Bank Olly Wren He said the eurozone slowdown was…
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Prediction Markets Are Pricing In A Trump Victory. This Is Good For Bitcoin
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Follow Nicholas on X here Earlier today, Vivek discussed why he believes cryptocurrency native Polymarket, the world’s largest prediction market, is biased towards Trump in the upcoming US presidential election. Although this is reasonable given the arguments he makes, I still think he may not be as biased as he…
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Prediction Markets Are Pricing In A Trump Victory. This Is Good For Bitcoin
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Follow Nicholas on X here Earlier today, Vivek discussed why he believes cryptocurrency native Polymarket, the world’s largest prediction market, is biased towards Trump in the upcoming US presidential election. Although this is reasonable given the arguments he makes, I still think he may not be as biased as he…
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Asian Shares Decline as Bonds Extend Selloff: Markets Wrap
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(Bloomberg) — Asian stocks fell for a second day along with bonds, as traders consider tempering expectations of interest rate cuts from the Federal Reserve for the rest of the year. Most read from Bloomberg The MSCI AC Asia-Pacific Index fell as much as 1.1% as benchmark indices in Australia…
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Daily Broad Market Recap – October 21, 2024
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Major assets were all over the charts on Monday despite the lack of high-level data releases. Crude oil found support from rising tensions in the Middle East while gold prices fell after hitting new record highs. How are your other closely monitored assets trading? We have deets! Titles: As expected,…
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4 Trading Rules to Break to Kill a Good Trade
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Imagine you have a good business idea. You know one. It may come from a mentor, a social media expert, or a distinct group of signals. Rather, it may be the result of hours of analysis. The signs seem to line up, and you are confident that you have got…
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Chart Art: EUR/JPY Testing Long-Term Range Resistance
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This EUR pair is at the top of its range on the four-hour time frame, and is still deciding whether to bounce or break. Check out these inflection points on my radar! EUR/JPY for 4 hours Chart by TradingView After rallying early this month, the EUR/JPY pair is stuck in…
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Chart Art: Potential Trend Support Area For WTI Crude Oil (USOIL)
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Remember the support zone we talked about a few days ago? Well, it turns out the bears had more fuel in the tank than we thought! Now, USOIL may get a bid from the trend line support that has been holding since early September. What do you think of this…
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Asian Stocks to Rise After Wall Street Win Streak: Markets Wrap
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Breadcrumb links BMN Business Most Asian stocks are poised to rise in early trading on Monday after Wall Street ended last week on new highs. Article writer: Bloomberg News Matthew Burgess Posted on October 20, 2024 • 3 minutes read You can save this article by registering for free here.…
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Premium Watchlist Recap: Oct. 15-16, 2024
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This week our currency strategists focused on the New Zealand CPI update and the Australian Employment update for potential high-quality setups. Of the eight scenario/price forecast discussions this week, Arguably, two discussions saw both financial and technical arguments raised They become potential candidates for overlay trading and risk management. Check…
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If I Could Only Buy One Stock Right Now, This Stock Would Be It
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Nvidia is the best choice if you can only buy one stock. The company’s strong AI advancements and visionary leadership make it a top pick for growth investors. The post If I Could Only Buy One Stock Right Now, This Stock Would Be It first appeared on Investorempires.com.
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Global Market Weekly Recap: October 14 – 18, 2024
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Typical market correlations appear to have been out of sync throughout the week, with asset classes driven more by individual catalysts than broad market themes. However, some risk-off reactions were seen due to the lackluster reaction to China’s stimulus announcement at the beginning of the week and ongoing geopolitical tensions.…
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Safe Haven Demand to Drive Gold Prices Higher in the Next 6-12 Months
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Safe haven demand driving gold prices higher over the next 6-12 months as central bank purchases add momentum, UBS analysts predict. The post Safe Haven Demand to Drive Gold Prices Higher in the Next 6-12 Months first appeared on Investorempires.com.
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Oil Prices Steady but Set for Steep Weekly Losses on Demand Fears
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Oil prices are steady on Friday but set for steep weekly losses due to demand fears, despite positive U.S. inventory data. The post Oil Prices Steady but Set for Steep Weekly Losses on Demand Fears first appeared on Investorempires.com.
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4 Instances When It’s Okay To NOT Take Trades
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To trade or not to trade? Trading from home and having more time to watch charts and market headlines does not necessarily mean that you have to take on more settings. For most traders, even seasoned professionals, this is easier said than done. After all, Forex price action can often…