The world of commodities is perpetually shifting, and one asset that consistently garners attention is gold (XAUUSD). As traders and analysts closely observe the market movements, tools like the Elliott Wave Theory offer valuable insights into price patterns and potential future trends. A recent exploration of the Elliott Wave charts for gold reveals significant developments
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The US Dollar (USD) has shown signs of tentative upward momentum, suggesting it could potentially rise to the 7.3550 mark in the near term. Recent analysis indicates that while the currency is expected to strengthen slightly, a significant barrier lies ahead at the 7.3700 level. FX analysts from UOB Group, Quek Ser Leang and Lee
As the European Central Bank (ECB) evaluates the financial landscape of the Eurozone, it has come to light that households are increasingly prioritizing savings over consumption. This trend presents a complex dichotomy: while high savings might indicate financial prudence, they are simultaneously stifling economic growth. With inflation at historically high levels throughout 2021 and 2022,
The exit of Michael Barr, Vice Chair for Supervision at the Federal Reserve, marks a significant moment for the U.S. banking sector that could herald an era of more lenient regulations. Barr, who announced his resignation effective next month, decided to step down to avoid a contentious legal battle with the Trump administration, which had
In a significant development for cryptocurrency oversight in the United States, Rostin Behnam, the current chair of the Commodity Futures Trading Commission (CFTC), has announced his impending resignation, effective upon the inauguration of President-elect Donald Trump on January 20. This shift heralds an opportunity for Trump to appoint new leadership, potentially instigating a major overhaul
The latest data regarding the Harmonized Index of Consumer Prices (HICP) reveals a nuanced picture of inflation in the euro area for December. Year-on-year, inflation stands at a notable 2.44%, representing a mild increase from the prior month’s figure of 2.24%. On a month-to-month basis, prices have edged up by 0.1%. This performance aligns with
The currency market is continuously fluctuating, and the British Pound (GBP) is currently facing a tough battle against the US Dollar (USD). Recent movements indicate that GBP/USD is making a tentative effort to recover, surging above critical resistance at the psychological level of 1.2500. However, this recovery is juxtaposed against prior weaknesses where it struggled
Silver has recently gained significant traction in the financial markets, attributed largely to the weakening of the US Dollar. As the dollar faces headwinds, silver becomes a more appealing investment for foreign currency holders. This trend reveals the intricate relationship between currency strength and precious metal prices. A decline in the value of the US
The recent fluctuations in the strength of the US dollar have sparked debates concerning geopolitical and economic implications, particularly in the context of US-China relations and China’s economic outlook. Even with an incoming administration signaling potential reductions in import tariffs, the immediate impact appears minimal. While the euro has seen significant appreciation, the Renminbi (RMB)
In an exciting development within the Southeast Asian technology landscape, Honor, the independent spinoff of Huawei, has announced its ambition to launch smartphone sales in Indonesia by the end of March. This strategic move comes at a time when the Indonesian market has seen the absence of Apple’s latest iPhone 16, largely due to stringent
In December, Turkey’s inflation rate recorded a lower than expected figure of 1.03%, diverging significantly from both the consensus estimate of 1.6% and Bank of America’s (BofA) projection of 1.5%. This deviation presents a noteworthy turning point in the country’s economic landscape, prompting analysts and economists to delve deeper into the factors contributing to this
As we step into the new year, it’s crucial to reflect on our methodology and past predictions in the realm of financial markets. Specifically, we employ the Elliott Wave Principle (EWP) to project potential trajectories for indices such as the S&P 500 (SPX). While diverse trading strategies exist and resonate differently with various investors, our