Upon analyzing the EURGBP 4-Hour Elliott wave Charts, it is evident that the decline to the 2/14/2024 low was identified as an impulsive structure with a bearish right side tag. This indicated a lower sequence and forecasted more downside movement. The recommendation for members to sell the bounces in alignment with the right side tag
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The crypto market capitalisation has experienced a 2% increase over the past week, with a significant 13% surge from the lows observed on May 1st. This growth was marked by a bottom formation on Wednesday, followed by a moderate rebound on Thursday and stronger buying activities on Friday. However, the market hit a roadblock over
As China’s President Xi Jinping embarks on a rare visit to Paris, the French President Emmanuel Macron is faced with the daunting task of addressing trade imbalances between the two nations. The recent tensions in the European Union regarding Chinese exports of electric vehicles and the retaliatory investigation into French brandy imports have added to
Warren Buffett recently made an announcement regarding Berkshire Hathaway’s potential investment in Canada. During an investor meeting in Omaha, Nebraska, Buffett expressed his comfort with putting money into the Canadian market. This statement came as a surprise to many, as Buffett has primarily focused on investing within the United States. Despite this, he mentioned that
The U.S. central bank’s 2% target for inflation is crucial for achieving price stability and ensuring economic prosperity, according to New York Federal Reserve Bank President John Williams. He emphasized the importance of transparency, clear communication, and setting an explicit numerical longer-term inflation target to anchor inflation expectations. Despite the Fed’s efforts to combat high
Recent discussions among economists have highlighted a significant split regarding the potential size of the upcoming Brazil interest rate reduction on May 8. This divide can be attributed to shifting perspectives on the future trajectory of U.S. monetary policy and ongoing concerns surrounding local inflation. While the Banco Central do Brasil (BCB) had embarked on
When it comes to financial decision-making, it is crucial to exercise caution and conduct thorough research before taking any action. The information provided on various platforms, including websites, can be a valuable resource, but it is essential to understand the disclaimers that accompany such content. These disclaimers often emphasize that the information presented is for
The Indian Rupee (INR) has shown signs of strength recently, particularly on Friday as it gained momentum against the US Dollar (USD). One of the key factors supporting this positive movement is the cautious comments made by Federal Reserve Chair Jerome Powell, which have put downward pressure on the USD. Additionally, the optimistic outlook for
The Elliott Wave charts of Oil have been carefully analyzed in the members’ area of the website. The analysis indicates bullish sequences in the cycle from the 67.75 low, suggesting a favorable outlook for the long side. Traders are recommended to consider buying the dips in 3, 7, 11 swings when given the opportunity. However,
In today’s rapidly evolving technological landscape, it is crucial for investors to stay ahead of the curve by identifying key areas of growth and opportunity. According to ARK Invest’s chief futurist, Brett Winton, there are five groups that tech investors should focus on to gain a competitive edge. These areas include robotics, artificial intelligence, multi-omics
In light of the U.S. House of Representatives passing a bill that would enable the Biden administration to seize Russian assets held in American banks and transfer them to Ukraine, tensions between the United States and Russia have escalated. Dmitry Medvedev, a senior security official in Russia, has issued a stern warning that Russia would
As investors eagerly await the conclusion of the U.S. Federal Reserve meeting, all eyes are on whether interest rate cuts are still on the table for this year. While it is unlikely that there will be any rate action, Federal Reserve Chair Jerome Powell’s comments about potential policy easing later in 2024 will be closely