Hello traders. Welcome to another trading and educational blog post. We will discuss the Zigzag corrective sequence today while using the Dow Futures YM ($YM_F) as a case study. About the Zigzag Structure The zigzag structure is one of the three core corrective patterns explained in the Elliott wave theory. The other two are the…
Laurent Danesi landed a new role as the Chief Innovation Officer of smartTrade Technologies, a provider of multi-asset electronic trading and payments based in France. Danesi is a veteran technology expert who has been with smartTrade Technologies for more than 20 years. Other Roles at smartTrade Technologies According to his LinkedIn profile, he joined the…
Following a recent surge that propelled Dash 2 Trade (D2T) to a peak of $0.0012, the market retraced as traders took profits at this level. Despite the pullback, bullish sentiment remains robust, with traders anticipating a potential retest of the $0.0012 mark. The cryptocurrency’s price action has demonstrated a steady climb toward $0.001, where bulls…
The Swiss franc has posted slight gains on Thursday. In the North American session, USD/CHF is currently trading at 0.8829, up 0.12% on the day. With US financial markets closed for the Thanksgiving holiday, we’re unlikely to see much movement from USD/CHF today. Switzerland wraps up the week with third-quarter GDP on Friday. The market…
Reuters is out with some headlines on the OPEC+ meeting, which was scheduled for Sunday but was delayed until December 5. OPEC+ is discussing delaying the hike for Q1 To hold further talks in the coming days Scheduled output increase for Jan is among the issues to be addressed None of this is a surprise….
Bank of Korea November 28, 2024 The Bank of Korea’s base rate was cut 25 basis points for the second time in two months, a move that watchers of South Korean monetary policy were not anticipating. At 3.0% the rate is its lowest in two years but still comfortably above the latest CPI inflation measurement,…
Thanksgiving Day Roundup November 28, 2024 While Americans observed their Thursday Thanksgiving holiday, the dollar strengthened 0.1-0.3% against the euro, yen, Swiss franc, sterling and Australian and New Zealand dollars but also retreated 1% against the Mexican peso. Stock markets in the Pacific Rim dropped 1.5% in India and New Zealand, 1.2% in Hong Kong,…
GBP/USD Price Forecast: Consolidates near weekly highs on Thanksgiving The GBP/USD consolidates at around weekly highs, posting modest losses of 0.05% at around 1.2670 due to thin liquidity conditions as US markets remain closed for Thanksgiving. Read More… Pound Sterling falls against USD with thin trading volume on Thanksgiving Day The Pound Sterling (GBP) dropsto near 1.2660…
By Medha Singh and Tom Westbrook (Reuters) -The euro dipped against the dollar on Thursday as traders reined in bets of more interest rate cuts by the European Central Bank, while broader currency moves were muted in U.S. holiday-thinned trading. The Japanese yen slipped to 151.58 per dollar but with its 2.1% gain this week…
The euro has lost ground on Thursday. In the North American session, EUR/USD is down 0.11%, trading at 1.0554 at the time of writing. US financial markets are closed for the Thanksgiving holiday and there are no US events on Thursday or Friday. German CPI climbs to 2.2%, monthly rate declines Annual inflation increased to…