Daily Pivots: (S1) 0.6810; (P) 0.6849; (R1) 0.6905; More… AUD/USD: Navigating the Range If you are a forex trader, you are probably familiar with the concept of daily pivots. They are key levels that can help you identify potential price action in the market. Today, let’s take a closer look at the AUD/USD pair and…
The Dominance of Niobium Hydride Consumption in North America The Role of Niobium Hydride in Hydrogen Gas Generation North America is responsible for a majority of niobium hydride consumption, being prominently used as a portable source of hydrogen gas. Such dominance can be attributed to the unique properties of niobium hydride that make it ideal…
The Hidden Costs of the Fed’s Aggressive Rate Hikes The Federal Reserve’s Response to Inflation The Federal Reserve’s recent decision to implement aggressive rate hikes in an effort to combat rising inflation has had a significant impact on the economic outlook. The Atlanta Fed’s GDP gauge for the second quarter now shows a decline… The…
The Second Half of the Year in the Markets: What to Expect Getting Ready for the US jobs data release Last Friday marked the start of the second half of the year on the calendar, but for the markets, the real beginning may not come until the upcoming US jobs data is released. As investors…
Daily Pivots Analysis in EUR/USD Introduction When it comes to trading foreign exchange, understanding daily pivots can be a crucial tool for traders to make informed decisions. In the case of EUR/USD, the daily pivots are currently set at (S1) 1.0366, (P) 1.0428, and (R1) 1.0489. These levels are used by traders to identify potential…
GBP/USD Mid-Day Update: A Quirky and Humorous Take on the Technical Outlook Description: Daily Pivots: (S1) 1.1990; (P) 1.2087; (R1) 1.2197; More… Intraday bias in GBP/USD remains neutral for the moment. Further fall is mildly in favor with… It’s that time again for a mid-day update on GBP/USD! So grab your tea and biscuits and…
Blog Post Article U.S. Markets Closed for Bank Holiday Today, U.S. markets are closed for a bank holiday. This means that traders will likely be focusing on trading risk sentiment or anticipating tomorrow’s events. One of the currency pairs that traders may be keeping a close eye on is AUD/CAD on the 1-hour chart. With…
Welcome back, traders! GBP/USD Bears Aiming at Double Bottom Our weekly Elliott Wave analysis takes a closer look at the GBP/USD monthly chart, the Bitcoin crypto currency daily chart, and the Gold weekly chart. The GBP/USD downtrend seems to be on a slippery slope, approaching the lows of the years 2016 and 2020. Will the…
