EUR/USD floundered on Wednesday as markets remain tepid. Investors taking a breather after a rough rebalancing late last week. Despite breaking higher in recent days, Fiber bids run out of steam. EUR/USD paddled in a tight circle on Wednesday, churning just above the 1.0900 handle as Fiber traders take a breather from recent volatility sparked…
MARKET REPORT(Unburdened by what has been) – 1987 Day in Review: Today:(Kamalanomics): DATA: – Dovish BoJ Uchida – Strong Kiwi Jobs data – Larger EIA crude draw than expected – VIX pushed higher today – Rate-cut expectations dropped for 2025 but were flat for 2024COMPANIES: – Meta Platforms (-1.05%) is selling $10.5 billion of investment-grade…
The USD/CAD has continued to dive after available fundamentals have failed to attract investors. The US Consumer Credit Change data arrived lower than market anticipations. This allowed the Canadian dollar to keep gaining against the US dollar, creating a headwind for the pair. Key Price Levels:Resistance Levels: 1.3800, 1.3900, and 1.4000Support Levels: 1.3700, 1.3600, and…
The Canadian dollar (CAD) strengthened against the U.S. dollar (USD), and reached a two-week high as market volatility eased. With the turmoil fueled by the deleveraging of yen-funded trades and uncertainty around U.S. interest rate cuts now calming, market participants are regaining confidence in the CAD. However, the Bank of Canada remains cautious about the…
(Reuters) – Intel (NASDAQ:) was sued on Wednesday by shareholders who said it fraudulently concealed problems that led to weak second-quarter results, and prompted the Silicon Valley chipmaker to suspend its dividend and to plan cutting its workforce by 15%. The proposed class action filed in San Francisco federal court seeks unspecified damages. Intel Chief…
Louise Bedford | Trading Game| FMPS:24 Speaker Interviews Louise Bedford | Trading Game| FMPS:24 Speaker Interviews Louise Bedford | Trading Game| FMPS:24 Speaker Interviews Louise Bedford | Trading Game| FMPS:24 Speaker Interviews Louise Bedford | Trading Game| FMPS:24 Speaker Interviews Louise Bedford | Trading Game| FMPS:24 Speaker Interviews We had the pleasure to meet and…
A rioter who punched a police officer in the face during violent unrest in Southport has been jailed for three years, in the longest prison sentence so far over the far-right disorder in England and Northern Ireland. Derek Drummond, 58, pleaded guilty to violent disorder and assaulting an emergency worker during a riot in the…
Pullbacks of 5% or more in the S&P 500 are relatively common, having occurred on average three times per year since 1930. Despite a recent market correction, the S&P 500 is still up 10% year-to-date, and the Nasdaq 100 is up 8.5% year-to-date. The S&P 500 faces technical resistance at the 100-day moving average (between…
Hello, traders! Welcome to a new blog post where we discuss how our Blue Box strategy helps ElliottWave-Forecast members identify high-confidence trade opportunities across 78 instruments. In this post, we’ll focus on the FTSE. The $FTSE is an index that tracks the top 100 companies listed on the London Stock Exchange by market capitalization. The…
Why monetary inflation has been shrinking By Elliott Wave International Nearly everyone who buys groceries, fills their car tank with gas, pays rent, buys car insurance and so on is talking about the high cost of living. And it’s true that consumer price inflation is higher today than before the pandemic – although, it’s nowhere…