The price of gold in euros has just broken an all-time record! An ounce of gold is now at €2,300, double its price of five years ago.

Much of the debt currently on the books was financed at very low rates before the Federal Reserve started its hiking cycle. Every month, some of that super-low-yielding paper matures and has to be replaced by bonds yielding much higher rates...

The IEA’s projection of slowing global oil demand growth and potential supply surpluses in 2024 adds to the bearish sentiment, particularly with China’s weakening economy and lower crude imports becoming a focal point.

Gold against foreign currencies (Gold vs. FC) is breaking out from a five-month consolidation, and Gold against the equal-weighted S&P 500 is on the cusp of a new three-and-a-half-year high.

S&P 500 followed through on Wednesday‘s reversal, and the right shoulder of Sunday discussed inverted H&S is complete.

Former Fed official Bill Dudley said that there was a strong case for a 50 bps rate cut. The likelihood of a 50 bps rate cut shot up from 28% to 45%. BoJ board member Naoki Tamura noted that the upside risk to inflation was increasing.

Biotechnology stocks and biotech exchange-traded funds ETFs once played a significant role in growth equity rallies, but today it seems like those days are in the past. Will an interest rate cut help biotech stocks?

Looking for a five wave move completion within wave 1 as we are now approaching TradingLevel3 at 300$.

The ECB cut the deposit rate by 25 bps to 3.5% to ease monetary policy constraints, reflecting updated inflation expectations and improved policy transmission.

The British pound has rallied rather significantly against the Swiss Franc as it looks like we are continuing to try to do something about the bullish flag that we had been in for a while.

Today you will see GOLD price prediction based on the technical analysis. What is the support and resistance on the daily time frame for XAUUSD. What to expect where the price will breakout for the XAUUSD based on the supply and demand zones.

USD/JPY remains under some selling pressure on Friday and hits a fresh YTD low. The divergent Fed-BoJ policy expectations continue to weigh heavily on the pair. Investors look to Fed and BoJ meetings next week for a fresh directional impetus.

The US dollar is falling against nearly all the world's currencies today amid heightened speculation that a 50 bp cut is still on the table for next week's FOMC meeting.

This analysis is based on Elliott Wave Theory, which forecasts future price movements by analyzing past patterns and cyclical wave structures.

In our preview of the ECB decision, we warned the central bank may not be as dovish as the market had been pricing in the lead up, leaving the balance of risk tilted towards a higher Euro. Indeed, this is how things have played out.

With services inflation still elevated, the Bank of England is treading more carefully towards lower interest rates than the Federal Reserve, and that suggests the committee will vote for no change this month.

USD/CHF depreciates as Thursday’s US data reinforce the likelihood of an aggressive Fed rate cut in September. Former New York Fed President William Dudley suggested a strong case for a 50 basis points rate cut next week.

Turkey has formally applied to join the BRICS economic bloc. The move came as something of a shock given that Turkey is a member of NATO and is generally perceived to be oriented toward the West.

Wave (i)-orange has ended below the Diagonal, wave (ii)-orange is likely to unfold to push lower, the first target it could be aiming at is at 136.98, or maybe lower. 

Revenues continue to grow, Free Cash Flow recovering, Margins high, Stock Price subdued.