US CPI preview: Heading lower – Forex Trader Hub

Xylem Inc. (XYL) has completed its wave (2) correction and is now poised to rally in wave (3) of (III), according to Elliott Wave analysis Xylem Inc. (NYSE: XYL) continues to respect its long-term Elliott Wave structure with impressive precision. As seen in the weekly chart, the stock recently completed a corrective wave (2) and…

The latest U.S. economic data shows inflation remaining stable in July 2024, while consumer spending increased, according to figures released today by the Bureau of Economic Analysis (BEA). The Core Personal Consumption Expenditures (PCE) price index, a key inflation measure closely watched by the Federal Reserve, rose 0.2% m/m in July, matching the increase seen…

A detailed weekly Elliott Wave analysis of IndiGo highlighting the Wave IV blue-box zone, right-side bullish outlook, and long-term upside potential. InterGlobe Aviation Ltd (NSE: INDIGO) remains in a strong long-term uptrend. The weekly chart shows a clean Elliott Wave structure that supports this view. The stock recently completed a higher-degree Wave III near the…

By InvestMacro Here are the latest charts and statistics for the Commitment of Traders (COT) reports data published by the Commodities Futures Trading Commission (CFTC). The latest COT data is updated through Tuesday October 15th and shows a quick view of how large traders (for-profit speculators and commercial entities) were positioned in the futures markets….

The final trading week of November may prove to be the worst this month for the US dollar. Following the release of Chicago PMI data and the US Q3 GDP report, USD/JPY and USD/CAD have fallen to key support levels. USD/JPY A retest of the critical resistance level at 156.00 proved decisive for USD/JPY buyers….