By Elliott Wave International Deflation’s grip on the world’s second largest economy is getting tighter. As Bloomberg noted on Sept. 9: China’s Deflationary Spiral Is Now Entering Dangerous New Stage The demand for goods has been weakening. Wages are stagnant. And, in addition to declining property prices, corporate profits are down. Inventories at Chinese manufacturers…
Investing.com– Most Asian currencies weakened on Thursday, while the dollar rose to a one-year high on data showing continued stickiness in U.S. inflation, with focus now turning to an upcoming address by Federal Reserve Chair Jerome Powell. Sentiment towards regional markets remained weak after recent stimulus measures from China disappointed, while the prospect of more…
The EUR/USD currency pair has been on a downward trajectory, recently dropping from 1.0936 to a low of 1.0550. This decline has raised some important technical levels to watch. Currently, key resistance is identified at 1.0653. As long as the price remains below this level, we can expect the bearish trend to persist, with the…
Market correlations seemed out of sync, as traders braced for the the U.S. CPI report and a series of FOMC member speeches that influenced Fed policy expectations and overall sentiment. Bitcoin once again surged to new all-time highs while crude oil tossed and turned in reaction to production-related concerns. Headlines: Australia quarterly wage price index…
Federal Reserve Chair Jerome Powell delivers a speech on his economic outlook, followed by a question and answer session. Powell participates in “Global Perspectives” conversation before event hosted by the Dallas Regional Chamber, World Affairs Council of DFW and the Federal Reserve Bank of Dallas @ 2000 GMT / 1500 US Eastern time While the…
The Australian Dollar receives support from the hawkish comments from the RBA Governor Michele Bullock. Australia’s seasonally adjusted Unemployment Rate held steady at 4.1% in October for the third consecutive month. Traders are now shifting their focus to the US October Producer Price Index (PPI) data, set to be released on Thursday. The Australian Dollar…
The ever-evolving world of forex trading demands a diverse toolkit for navigating the market’s unpredictable currents. Today, we’ll delve into a powerful technical analysis tool – the Solar Wind Joy Histogram MT4 Indicator. This guide, crafted with both novice and seasoned traders in mind, will equip you with a comprehensive understanding of the Solar Wind…
The Spearman Correlation and ZigZag Arrow Forex Trading Strategy is an innovative approach that blends statistical analysis with technical indicators to enhance trading decisions. By utilizing the Spearman Correlation, traders can assess the strength and direction of relationships between currency pairs, providing valuable insights into potential market movements. This correlation method allows traders to identify…
MARKET REPORTAmerica is now unburdened by what has been Chicago Stock Exchange You were found in clear conditions. But you’re handsome in the fog. “Voters seem to forget when politicians ‘give’ you money, it is the voters’ money they have already taken.”Day in Review:Today:DATA:– CPI:– For the 53rd straight month, core consumer prices rose on a…
By Pete Schroeder and Lananh Nguyen NEW YORK (Reuters) -As Wall Street financiers gathered in downtown Manhattan on Wednesday, their optimism about President-elect Donald Trump’s deregulatory agenda was tempered by uncertainty over his personnel and policies. Bankers were still bullish on deals. They expected friendly regulators to be installed atop key agencies, sweeping away some…