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GBPJPY Has Cycle Wave Y Ended?
Article By:
Orbex
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Monday, August 2, 2021 8:55 AM EDT
The formation of the GBPJPY currency pair suggests the development of the final part of the cycle wave Y. This wave takes the form of a double zigzag consisting of primary degree sub-waves Ⓦ-Ⓧ-Ⓨ. The last wave Ⓨ is currently under development.
Appropriate Response
Article By:
Phil Flynn
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Monday, August 2, 2021 8:49 AM EDT
Oil prices are pulling back a bit this Monday morning on questions about what is an appropriate response to the alleged drone attack on an Israeli ship by Iran and the appropriate response to the delta variant of the COVID-19 virus.
The U.S. Remained The World’s Top Oil Producer In 2020
Article By:
Robert Rapier
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Monday, August 2, 2021 8:41 AM EDT
The United States remains the world’s top oil consumer, averaging 17.2 million BPD in 2020. China was second at 14.2 million BPD, and was the only country in the Top 10 to report an increase in oil consumption in 2020.
In this article: OIL
Can Bloated U.S. Large Caps Make Room For Small Caps?
Article By:
WisdomTree
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Monday, August 2, 2021 8:23 AM EDT
Over the last few weeks, U.S. equities have staged a reversal within the very markets that have been this year’s most reliable trade.
Intraday Market Analysis – Euro Gains Momentum
Article By:
Orbex
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Monday, August 2, 2021 8:04 AM EDT
The Canadian dollar rallies as Canada’s GDP showed a smaller contraction in May. The US dollar’s break below 1.2430, indicates that sentiment still favors its northern neighbor. Silver extends the rally as the US dollar weakens across the board.
SafeMoon/USD: To The Moon Or A Future Explosion Of Debris?
Article By:
Daily Forex
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Monday, August 2, 2021 7:49 AM EDT
SafeMoon/USD is another ‘new’ cryptocurrency coin which began trading in March and has enjoyed speculative results.
Scholastic Corporation - A Fair Value Report
Altcoins ICXUSD & LINKUSD Elliott Wave Analysis
Article By:
Gregor Horvat
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Monday, August 2, 2021 6:54 AM EDT
ICXUSD. Well, despite recent bigger intraday recovery, the wave structure still looks corrective, ideally as part of a bigger bearish running triangle within wave "iv", similar as on other major cryptocurrencies.
China: PMI Shows A Policy-driven Economy That Continues To Slow
Article By:
ING Economics
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Monday, August 2, 2021 6:37 AM EDT
PMIs of manufacturing and non-manufacturing data show that the Chinese economy grew at a slower rate in July. We think that's largely due to policy action, and that this will continue in 2H21.
Downside Risk To Spike During NFP This Week Amid Delta Variant Spread
Article By:
Fullerton Markets
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Monday, August 2, 2021 6:15 AM EDT
August has a history of sudden spikes in volatility. With many areas of the world now experiencing an uptick in COVID and the CBOE’s Volatility Index creeping higher, this seems like something to watch out for.
Yep, It’s Definitely A Bubble. Silicon Valley Edition
Article By:
John Rubino
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Monday, August 2, 2021 6:00 AM EDT
A hallmark of financial bubbles is dumb money pouring into unfamiliar places. The latest (and in some ways strangest) example is the current stampede of non-tech investors into the trickiest part of the tech market: Silicon Valley startups.
Following Weak Seasonality And Earnings Trends: Weekly Nifty 9
Article By:
Seth Golden
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Monday, August 2, 2021 5:17 AM EDT
In this week's weekly "Must Knows", we discuss the stealth correction and seasonal tendencies for the month of August. Indices remain near all-time highs, but valuations have actually fallen as earnings have been rising faster than the markets.
FX Positioning: Dollar Longs Rose Into The Fed Meeting
Article By:
ING Economics
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Monday, August 2, 2021 4:45 AM EDT
CFTC data shows that dollar longs continued to rise heading into the August FOMC, which supports our view that the dollar’s negative reaction to the meeting may have at least partly been a position-squaring event.
BTC/USD Forex Signal: Back Below $40K
Article By:
Daily Forex
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Monday, August 2, 2021 4:22 AM EDT
The near-term direction of Bitcoin is unclear. Although we still have a valid long-term bearish trend with the price falling over recent months, the recent recovery in price has been significant.
In this article: BITCOMP