Global market sentiment shows signs of stabilization in Asia today, marked by gains in major indices like Nikkei Hong Kong’s HSI. This shift indicates that the markets have largely absorbed the impact of Moody’s downgrade Read more…
Cycle from 9.28.2023 high in Oil (CL) is in progress as a 5 waves impulse Elliott Wave structure. Down from 9.28.2023 high, wave 1 ended at 81.50 and rally in wave 2 ended at 90.78. Read more…
BoC is widely expected to hold overnight rate target steady at 5.00% today, amidst a backdrop of increasing economic challenges. Current market climate suggests the potential for a slightly dovish shift in the central bank’s Read more…
DXY: The DXY (US Dollar Index) chart currently has a bearish overall momentum, and there’s potential for a bearish continuation towards the 1st support level. The 1st support at 103.72 is categorized as a pullback Read more…
TheStreet aims to feature only the best products and services. If you buy something via one of our links, we may earn a commission. It’s probably safe to say that most people dread stepping out Read more…
BoJ Deputy Governor Ryozo Himino, in a speech today, affirmed the central bank’s commitment to continued monetary easing. He noted, “the Bank will patiently continue with monetary easing until sustainable and stable achievement of the Read more…
Australia’s economy hit the wall in the September quarter. Output growth was a very weak 0.2%, or a sharp contraction in per capita terms of -0.5%qtr. Strikingly, consumer spending stalled, with a flat result and Read more…
Australia’s GDP for Q3 showed a modest increase of 0.2% qoq, falling short of the expected 0.5% qoq growth. On a year-on-year basis, GDP grew by 2.1%. However, a contrasting picture emerges when considering GDP Read more…
Gold reversed from multi-year resistance level 2065.00 Likely to fall to support level 1.7000 Gold recently reversed down from the major multi-year resistance level 2065.00, which has been reversing the price from the middle of Read more…
EURUSD broke daily up channel Likely to fall to support level 1.7000 EURUSD currency pair under the bearish pressure after the earlier breakout of the support trendline of the daily up channel, which enclosed the Read more…