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Updated: 2 hours 11 min ago

Asia Open: Navigating A Seasonally Gloomy Tunnel

Mon, 09/02/2024 - 23:45
The longer OPEC+ delays in clarifying its production strategy, the more anxious the oil market is likely to become about the potential for a global supply increase

September Could Be Rough For The Market

Mon, 09/02/2024 - 23:15
Stocks rallied into the close on Friday afternoon due to a $6.5 billion buy imbalance, which overwhelmed the market in an illiquid trading session ahead of the three-day weekend.

Australian Dollar Sees Green As Investors Gear For Important Week For Financial Markets

Mon, 09/02/2024 - 22:30
The AUD/USD gained 0.30% in Monday's session, advancing to 0.6790. The pair is trading slightly higher on a quiet Monday as markets look ahead to key US labor market data this week, culminating in the NFP report on Friday.

Gold Slides Below $2,500 Ahead Of Busy US Economic Docket

Mon, 09/02/2024 - 21:45
The greenback remains firm as traders brace for a jobs report that could influence the Fed's decision on the size of September’s rate cut. The XAU/USD trades at $2,499, down by 0.14%.

Crude Oil Trying To Hold Steady At The Low End Of Near-Term Chop

Mon, 09/02/2024 - 21:00
West Texas Intermediate (WTI) US Crude Oil held roughly on-balance to kick off the new trading week, finding a foothold and keeping intraday action on the north side of $73.00 per barrel.

CrowdStrike Is Not Ready To Resume That Rally; Bull Trap Ahead

Mon, 09/02/2024 - 20:15
CrowdStrike Holdings, Inc. (CRWD) is an American cybersecurity technology company based in Austin, Texas. The global market is showing some relative bullish exhaustion that could send the stock to see more downside.

Why The Bull Market Continues

Mon, 09/02/2024 - 19:29
Government net-transfers are lower than last year, but bank credit is higher and rate cut expectations are exciting the herd.

Patchy But Still Bullish

Mon, 09/02/2024 - 18:50
Two weeks ago we turned to a more bullish stance, which has proved to be correct, though we still await the explosive movement out of these consolidations.

NASDAQ Analysis Today and the Week Ahead

Mon, 09/02/2024 - 12:12
This video covers my XPTUSD forex forecast analysis for the week ahead and the setups I am looking to trade.

Key Events This Week: Payrolls, JOLTS, ISM And Fed Speakers Galore

Mon, 09/02/2024 - 10:49
Welcome to September although as Jim Reid writes this morning, given the track record of recent years, perhaps we should say beware rather than welcome.

AXIS Bank LTD – AXISBANK Stocks Elliott Wave Technical Analysis - Monday, September 2

Mon, 09/02/2024 - 10:43
Axis Bank is expected to turn lower as Minor Wave 3 begins to unfold against 1345 highs.

Solana Sees $7.6 Million In ETP Inflows Despite SOL Price Weakness

Mon, 09/02/2024 - 10:40
Solana recorded the largest weekly inflows among top altcoins, with more than $7.6 million. Bitcoin saw $319 million in outflows while Ethereum saw $5.7 outflows. A strong macro data catalyzed crypto price struggles, CoinShares said.

XRP Community Alleges SEC Of Manipulating Crypto Market

Mon, 09/02/2024 - 10:37
The allegations by the XRP community reveal the inconsistencies within regulatory practices that could sabotage market integrity. This serves as a critical reminder of the need for transparent and consistent regulations for the crypto sector.

USD/CAD Price Forecast: Still Too Early To Say A Reversal Of The Downtrend Is Unfolding

Mon, 09/02/2024 - 10:30
USD/CAD is showing bullish signs but lacks upside momentum and remains in a downtrend. It would have to rise more strongly and break above some key levels to indicate a reversal of the dominant bear trend.

USD/CHF Weakens Below 0.8500, Eyes On Swiss CPI, GDP Data

Mon, 09/02/2024 - 10:28
USD/CHF loses traction around 0.8490 in Monday’s early European session. The US NFP for August will take center stage on Friday. The rising Middle East geopolitical tensions might lift the Swiss Franc against the US Dollar.

GBP/USD Analysis: US Holiday May Dampen Performance

Mon, 09/02/2024 - 10:14
Based on the performance on the daily chart attached, the GBP/USD price is at the beginning of forming a reverse downward channel and the formation may strengthen if prices move towards the support levels of 1.3070, 1.2980 and 1.2900 respectively.

The Reality of the Energy Transition

Mon, 09/02/2024 - 09:55
I recently presented at Las Vegas MoneyShow on the energy transition. I was later interviewed on the topic on the Financial Sense podcast. This article highlights the major points made in that presentation and subsequent interview.

NZD/USD Forex Elliott Wave Technical Analysis - Monday, September 2

Mon, 09/02/2024 - 09:47
The NZD/USD daily chart presents a counter-trend scenario according to Elliott Wave analysis, indicating that the market is currently in a corrective phase.

Getting Practical With The 3-5-7 Rule

Mon, 09/02/2024 - 09:41
Learn the 3-5-7 rule to secure steady profits in trading. A simple, effective strategy for consistent success.

CAD/JPY Forex Signal: Yen Weakens Amid Recovery

Mon, 09/02/2024 - 09:34
You can see that the Canadian dollar has rallied a bit during the trading session on Friday against the Japanese yen, and it looks like we are doing everything we can to really start to recover.

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