Forecast of the market on a series of assets

David Perales Foundation For The Study Of Cycles

The Foundation for The Study of Cycles released a new video from “Marian’s Opening Bell” webcast presenting the forecast of the market on a series of assets - Silver, Platinum, Crude Oil, Gasoline, Coffee, Cotton, , Cocoa, Oats, AUD/JPY, EUR/JPY, GBP/JPY

The Foundation for the Study of Cycles welcomes all FXStreet members to have a look at our latest forex cycles research work! Please visit FXcyclestrader.com to register for free details.

Author

David Perales

Foundation For The Study Of Cycles

Beginning on May 4th of 2005, I restored and eventually revitalized the previously inactive Foundation for the Study of Cycles Connecticut 1941 Charter and in October of 2010 actively initiated investigations into the potentials o

EUR/USD meets initial support around 1.1800

EUR/USD remains on the back foot, although it has managed to reverse the initial strong pullback toward the 1.1800 region and regain some balance, hovering around the 1.1850 zone as the NA session draws to a close on Tuesday. Moving forward, market participants will now shift their attention to the release of the FOMC Minutes and US hard data on Wednesday.

GBP/USD bounces off lows, retargets 1.3550

After bottoming out just below the 1.3500 yardstick, GBP/USD now gathers some fresh bids and advances to the 1.3530-1.3540 band in the latter part of Tuesday’s session. Cable’s recovery comes as the Greenback surrenders part of its advance, although it keeps the bullish bias well in place for the day.

Gold remains offered below $5,000

Gold stays on the defensive on Tuesday, receding to the sub-$5,000 region per troy ounce on the back of the persistent move higher in the Greenback. The precious metal’s decline is also underpinned by the modest uptick in US Treasury yields across the spectrum.

Ethereum Price Forecast: BitMine extends ETH buying streak, says long-term outlook remains positive

Ethereum (ETH) treasury firm BitMine Immersion continued its weekly purchase of the top altcoin last week after acquiring 45,759 ETH.

UK jobs market weakens, bolstering rate cut hopes

In the UK, the latest jobs report made for difficult reading. Nonetheless, this represents yet another reminder for the Bank of England that they need to act swiftly given the collapse in inflation expected over the coming months.

Ripple slides to $1.45 as downside risks surge

Ripple edges lower at the time of writing on Tuesday, from the daily open of $1.48, as headwinds persist across the crypto market. A short-term support is emerging at $1.45, but a buildup of bearish positions could further weaken the derivatives market and prolong the correction.