Gold Recovers Amid Rate Cut Expectations

TalkMarkets - Thu, 08/08/2024 - 07:12
Gold prices have rebounded to 2394 USD per troy ounce, paring previous losses as the likelihood of a US Federal Reserve rate cut increases.

Aurora Cannabis Reports Impressive Q1 Financials; Stock Jumps +6%

TalkMarkets - Thu, 08/08/2024 - 06:45
Aurora delivered strong net revenue growth, a substantial increase in adjusted EBITDA, and positive free cash flow in Q1.

EUR/USD Holds Above 1.0900 While Investors Look For More Cues On Fed-ECB Policy

TalkMarkets - Thu, 08/08/2024 - 06:31
EUR/USD rises as the US Dollar corrects on firm Fed rate-cut prospects. Investors see the Fed cutting interest rates aggressively this year. The ECB is expected to reduce its key borrowing rates two times more by the year-end.

5 Charts Gold Investors Must Follow

TalkMarkets - Thu, 08/08/2024 - 06:30
With the rising risk of a recession and bear market and ensuing volatility impacting all asset classes, five charts Gold investors should follow.

GBP/USD Forex Signal: Bearish Flag Pattern Points To More Sell-Off

TalkMarkets - Thu, 08/08/2024 - 06:23
The GBP/USD exchange rate remained in a tight range as the impact of last week’s Federal Reserve and Bank of England (BoE) interest rate decisions faded.

Solana Is Still Bullish, Eyeing All-Time Highs

TalkMarkets - Thu, 08/08/2024 - 06:15
Solana is still bullish, eyeing all-time highs, as we see an unfinished five-wave bullish impulse by Elliott wave theory.

GBP/JPY Forecast: British Pound Rallies Against Japanese Yen On Wednesday

TalkMarkets - Thu, 08/08/2024 - 06:05
The first thing that I would notice is that the market has broken above an inverted hammer from the previous session, which is quite often a very bullish sign.

SP500 Daily Trade Plan - Thursday, August 8

TalkMarkets - Thu, 08/08/2024 - 06:02
In this update we review the recent price in the emini SP500 and develop a trading plan for the session ahead.

Elliott Wave Technical Analysis: British Pound/Japanese Yen - Thursday, Aug. 8

TalkMarkets - Thu, 08/08/2024 - 06:00
The market's current position is at wave A, which marks the beginning of a new phase within the larger wave structure.

Silver Price Forecast: XAG/USD rises to near $27.00 due to rising odds of a Fed rate cut

TalkMarkets - Thu, 08/08/2024 - 05:50
Silver prices appreciate as traders price in a deeper rate cut by the Fed in September. CME FedWatch tool indicates 72.0% odds of a 50-basis point Fed rate cut in September, up from 11.8% last week.

WTI Crude Oil Forecast: Continues To Attempt Its Recovery

TalkMarkets - Thu, 08/08/2024 - 05:43
The West Texas Intermediate Crude Oil Market, or US Oil, has rallied rather significantly during the trading session on Wednesday as we've seen more of a risk-on type of feel to the markets overall.

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