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Markets Yesterday’s second round in the French parliamentary elections resulted in a hung parliament, be it in a totally different setup than polls suggested. Le Pen’s Rassemblement National (RN) unexpectedly finished third, securing 143 seats. Macron’s centrists (159) and the leftist front (NFP, 180) ended second and first respectively. The outcome initially triggered some OAT […]

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09/04/2024

Bitcoin Proves That It is Bull Market Now

Market Picture The cryptocurrency market added 2.2% in 24 hours to $2.66 trillion, with heavy buying in “older” altcoins. The Cryptocurrency Fear and Greed Index climbed to 80 – extreme greed – the highest since 27 March. Bitcoin added over 5% during the day on Monday, rising to $72.8K at its peak, about 1k below […]
22/02/2024

Crude Oil Price Fails Again at $78.80, Are Dips Supported?

Key Highlights Crude oil prices failed again to clear the $78.80 and $79.20 levels. It traded below a major bullish trend line with support at $77.65 on the 4-hour chart. Gold prices could gain bullish momentum above $2,032. The US Manufacturing PMI could remain stable at 50.5 in Feb 2024 (Preliminary). Crude Oil Price Technical […]
06/06/2024

EURJPY 5 Waves Impulsive Elliott Wave Rally Favors Upside

Short Term Elliott Wave in EURJPY suggests rally from 5.3.2024 is unfolding as a 5 waves impulse. Up from 5.3.2024 low, wave 1 ended at 170.798. Dips in wave 2 took the form of an expanded Flat Elliott Wave structure. Down from wave 1, wave (a) ended at 170.15 and wave (b) ended at 170.75. […]