Month: August 2021

HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do
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Following the FOMC minutes, the attention turns to the Jackson Hole symposium later this week. We expect that the Fed would make formal announcement of QE tapering at the November meeting. With a tapering size of US15B at each meeting, the entire QE program would be complete by September 2022. As the big picture of
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Hello fellow traders. In this technical blog we’re going to talk about Microsoft $MSFT stock and take a look at the charts presented in members area of the Elliottwave-Forecast. As our members know, Microsoft is showing incomplete bullish sequences , calling the further rally.  The stock is bullish against the 268.66 low. Consequently, we advised
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Held resistance against the 61.8% retracement/ahead of the high from last week The USDJPY has seen a move higher today help by better risk on sentiment. Recall from Friday, the price came down and tested its 100 hour moving average (lower blue line) and found support buyers. Today in the early Asian session, the price retested that moving
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Composite reading from the Chicago Fed Prior was +0.09 (revised to -0.01) Was +0.26 in May (revised to +0.15) This report is a composite reading of 85 already-released economic indicators. Anything above zero is positive and is broken into four broad categories: production and income; employment, unemployment, and hours; personal consumption and housing; sales, orders,
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Markets continue to reverse some of last week’s move, as seen in the rebound in European and Asian equities. Dollar, Yen and Swiss Franc all turned weaker while commodity currencies strengthened. PMIs from Eurozone and UK are all solid, despite mild pull back. Yet, both are outshone by commodity currencies. Sterling is currently having a
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Blockchain fintech company XREX has concluded a $17 million pre-A investment round led by a consortium of global investors, underscoring heightened institutional demand for crypto-focused startups.  The consortium was driven by CDIB Capital Group, a publicly traded company in Taiwan, and includes investors from major banks and venture capital firms in North America, Europe and
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Jibun / Markit flash manufacturing PMI for August, wilting from July but still in expansion.  Services: 43.5 (vs. July’s 47.4)  Composite: 45.9 (July 48.8) Commentary from the report, in brief: weaker demand to ongoing COVID-19 restrictions, coupled with sustained supply chain pressures decline in overall private sector activity was led by the larger services sector,
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