Trading the cryptocurrency market can be a profitable venture for those who understand the market dynamics. One currency pair that has been showing bullish momentum is GBPCAD. In this article, we will analyze the recent price action of GBPCAD and discuss the potential future movements based on Elliott Wave analysis. Since late 2023, GBPCAD has
As upcoming economic data looms on the horizon, Federal Reserve Chairman Jerome Powell finds himself in a precarious position. While there may be temporary relief in some data points, the overall trend of sticky inflation and above-trend growth is undeniable. The recent slew of economic indicators since the beginning of the year has not been
When it comes to financial decisions, it is crucial to conduct thorough research and due diligence before taking any action. The content provided on financial websites should serve as a starting point for your own investigation rather than as direct recommendations. It is important to remember that each individual’s financial situation is unique, and blindly
AMC Entertainment recently raised approximately $250 million through a new equity capital sale. This move was made during the resurgence of the meme stock craze, which was sparked by the return of the infamous “Roaring Kitty.” The company conducted a 72.5 million share at-the-market equity offering that began on March 28. The shares were sold
The Elliott Wave charts of Ethereum ETHUSD indicate incomplete sequences in the cycle from the March peak, suggesting more weakness in the short term. Ethereum is currently targeting the 2700.3-2057.9 area, presenting a potential buying opportunity for investors. Despite a recent 3-wave bounce, the crypto found sellers as expected, reinforcing the bearish outlook for the
The AUD/USD pair has seen a rise to 0.6620 in the New York session on Tuesday. This increase comes amidst a positive market mood and a decrease in the value of the US Dollar. This shift in the forex market has led to a strengthening of the Aussie asset, as the US Dollar Index (DXY)
The past few weeks have seen fluctuations in the price of crude oil, with support levels seen at $77 per barrel for WTI and $82 per barrel for Brent. There has been a period of consolidation since the second half of February, during which the price struggled to rise above the 200-day average. The recent
Swedish financial technology company, Klarna, recently announced that a significant portion of its workforce has embraced the use of generative artificial intelligence tools in their daily tasks. With nearly 9 out of 10 employees, totaling 5,000 individuals, utilizing generative AI, Klarna is leading the way in incorporating this cutting-edge technology into its operations. The adoption
The gold price (XAU/USD) showed strength in trading on Tuesday, despite the US Dollar (USD) consolidating. Investors are showing caution and waiting on the sidelines ahead of key US economic data releases later this week. The upcoming US economic data releases, including the Producer Price Index (PPI) for April and Federal Reserve Chair Jerome Powell’s
The recent performance of US stock indexes has been rather turbulent, with the S&P 500 struggling to reach its March record high. Investors are particularly concerned about key inflation readings and upcoming earnings reports. A Federal Reserve Bank of New York survey revealed that Americans anticipate inflation to reach 3.3% in the next year, up
In this insightful analysis, we will delve into the Elliott Wave charts of Copper Futures HG_F, which have been exclusively shared with members on the website. The bullish trend in Copper, starting from the 3.6592 low, has caught the attention of traders, leading to a preference for long positions in the market. A recent 3-wave
The DXY Index is currently showing slight losses at 105.35, signaling a modest bearish trend. Market attention is focused on conservative comments from the Federal Reserve, as well as expectations for April inflation that could influence the outlook for the US Dollar. Despite this, bets on the Fed remain steady, providing some support for the