Mexican Peso weakens further after Retail Sales data
The Mexican Peso falls to the day’s low after the release of weaker-than-expected Mexican Retail Sales data. The MXN ended a five-day winning streak on Wednesday after the Mexican Congress…
GBP/USD, GBP/JPY Price Action Ideas Post UK Inflation Release
UK Inflation rises to a 6-month high of 2.3% in October, driven by services inflation. GBP/USD faces downside pressure but could rally if the daily candle closes above 1.2680. GBP/JPY…
The #1 Stock of the S&P 500 – Slope of Hope with Tim Knight
Created by a man whom no one in history has ever seen smile. The #1 Stock of the S&P 500 The #1 Stock of the S&P 500 In order to…
Trump Trade may lose momentum – DBS
The Dollar Index (DXY) rebounded by 5.9% to 106.7 in the past 1.5 months, following its 4.8% decline to 100.8 in 3Q24, DBS’ Senior FX Strategist Philip Wee notes. Trump…
Markets Weekly Outlook – PMI Data, UK Inflation and the Soft Landing Conundrum
US Dollar Index rally continues and the impact of a strong US dollar on global markets. Examining upcoming PMI data from the Euro Area and UK CPI figures, and their…
I See London, I See France – Slope of Hope with Tim Knight
Remember the bearish formation on the CAC 40 (symbol /F40) I’ve mentioned from time to time? It’s still hammering out just fine, and a completion of this pattern would be…
The next upside target emerges at the 200-day SMA
AUD/USD regained the smile and bounced off lows near 0.6530. Fresh selling pressure on the US Dollar allowed the recovery in risky assets. Australian inflation figures showed further loss of…
Gold (XAU/USD) Price Reclaims $2750/oz Amid Record $3 Billion Inflows into Gold Funds
Gold prices surge past $2750 per ounce on record inflows into gold funds. Gold ETFs saw a massive $3 billion investment last week, the second-largest increase ever. Year-to-date gains for…
Big Nordisk Energy – Slope of Hope with Tim Knight
I’ve received a touch of skepticism here on Slope for my big-ass NVO short, but – – so far, so good. The head and shoulders top is gorgeous, and I’ve…
US Dollar steady as markets digest mid-tier data
US Dollar holds its ground at the end of the week, remains in consolidation mode. Fed officials remain cautious on inflation, as Durable Goods Orders miss market expectations. Markets continue…
Markets Weekly Outlook – ‘Magnificent 7’ Earnings, BoJ Meeting and US Jobs Data
Markets are in a holding pattern as investors weigh risks and uncertainties ahead of a busy week filled with key events. The US election is drawing closer, and markets may…
Tesla Trend Break – Slope of Hope with Tim Knight
Well, it finally happened. Tesla (TSLA) broke above its long-term resistance line. In addition, I think there are a makings of an inverted H&S pattern here, which is bullish. Since…
Range-bound pair, with mixed technical outlook
EUR/GBP remains sideways, technical indicators are mixed. Buyers got rejected by the 20-day SMA. Indicators suggest a neutral to slightly bullish bias. The EUR/GBP pair has been trading in a…
BoC chops rates by 50 basis points, Canadian dollar calm
The Canadian dollar is in negative territory on Wednesday. In the North American session, USD/CAD is trading at 1.3844 at the time of writing, up 0.20%. The Canadian dollar has…
Miners Update – Slope of Hope with Tim Knight
From my five ideas last week………..looking good! Miners Update Miners Update In order to comment on this blog, you must have JavaScript installed and enabled. Source link
More demand needed to extend rally
Ethereum price today:$2,600 Ethereum price declines as it faces resistance around the descending trendline at $2,820. The total amount of ETH held in accumulation addresses reaches a new all-time high.…
Gold (XAU/USD) Price Smashes Through $2700/oz – Further Gains Ahead?
Gold prices surged past $2700/oz fueled by expectations of global rate cuts and escalating geopolitical tensions in the Middle East. The London Bullion Market Association’s bullish prediction of $2941/oz gold…
No Swoosh from China – Slope of Hope with Tim Knight
Another day, another lifetime high. As we head into a phalanx of economic and political storms in the months ahead, the market continues to shrug its shoulders and roar higher,…
Gold rallies up to just shy of $2,685 all-time high
Gold rallies ever closer to its previous all-time high at $2,685. A decline in manufacturing activity in the state of New York triggered the latest bout of buying. A break…
S&P 500, Nasdaq 100 – Wall Street Indexes Eye Further Gains as Earnings Filter Through
Wall Street indexes showed positive momentum, driven by strong bank earnings reports. Tech sector earnings, expected later in October, could further boost US indices. S&P 500 technical analysis suggests potential…