The USD/JPY pair is trading around 158.90, facing a high risk of FX intervention by the Japanese Ministry of Finance as it nears the 160.00 level. The week is dominated by a “central bank double-header,” with the Federal Reserve meeting on Wednesday and the Bank of Japan meeting on Thursday. Check out the possible scenario…
Australia Westpac Leading Index (MoM) declined to -0.1% in February from previous -0.04% Source link
Most crypto assets are not securities, according to new guidance jointly issued by the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). The interpretation, issued by the two regulators in a joint statement on Tuesday, sets out how federal laws apply to digital assets. It defines when a token moves…
Markets staged an unusual double advance on Tuesday as equities and crude oil climbed in tandem for the first time since the US-Iran conflict began, suggesting traders may be attempting to look past near-term energy disruptions while positioning cautiously ahead of the Federal Reserve’s rate decision on Wednesday. The dollar extended its retreat for a…
UK officials are preparing for a possible court case against Roman Abramovich after he missed a deadline to release £2.4bn he raised from selling Chelsea FC. The Russian billionaire failed to hand over the money by the deadline of 17 March, amid a dispute over how it will eventually be used. Government officials said they…
In this Elliott Wave update, the latest weekly structure in Meta Platforms Inc. ($META) is being reviewed. After a massive advance over several years, the stock appears to have completed a Grand Super Cycle degree move. As a result, a larger 7 swing correction is now being formed. Furthermore, the next important reaction area is…
The Global X Uranium ETF (URA) offers investors diversified exposure to companies engaged in uranium mining and nuclear component production, making it a key vehicle for those looking to participate in the nuclear energy transition. In this article, we will explore the long term technical outlook using Elliott Wave. URA Elliott Wave Chart Monthly Chart…
We previously mapped BlackRock‘s (NYSE: BLK) bullish weekly path. We also hinted at a potential dip below $1000. Today, we continue our analysis with the Elliott Wave structure of the current correction. This update highlights the next high-probability buying opportunity emerging for the stock. Elliott Wave Analysis BlackRock completed an impulsive five-wave advance from its…
Johnson & Johnson (JNJ) engages in research & development, manufacture & sale of range of products in the healthcare sector worldwide. It operates through Innovative Medicine & MedTech. It comes under Healthcare sector & trades as “JNJ” at NYSE. The JNJ favors rally in bullish sequence from January-2025 low & expect at least one or…
In this technical blog, we will look at the past performance of the 1-hour Elliott Wave Charts of state street energy select sector SPDR ETF ticker symbol: XLE. In which, the rally from April 2025 low is unfolding as an impulse structure. And showed a higher high sequence favored more upside extension to take place….