Latest News
In this technical article we’re going to take a quick look at the Elliott Wave charts of (AUDUSD) Forex pair , published in members area of the website. As our members know, AUDUSD has recently given us correction against the 0.63618 low.
The dollar index (DXY00 ) Thursday rose by +0.52%. The dollar rallied Thursday on positive carryover from Wednesday when the FOMC projected only 25 bp of rate cuts this year compared to 75 bp of rate cuts back in March. Gains in the dollar were limited after US May producer...
The S&P 500 Index ($SPX ) (SPY ) today is down -0.14%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.70%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.37%. Stock indexes today are mixed, with the Nasdaq 100 posting a new all-time high....
USDollar Index is pointing lower from technical point of view and from Elliott wave perspective.
The dollar index (DXY00 ) today is up by +0.28%. The dollar today is moderately higher on positive carryover from Wednesday when the FOMC projected only 25 bp of rate cuts this year compared to 75 bp of rate cuts back in March. Gains in the dollar are limited after...
No one wants to jump right from schoolwork to work-work, but the benefits of taking on a summer job definitely outweigh the drawbacks.
The dollar index (DXY00 ) Wednesday fell by -0.57%. The dollar retreated Wednesday after the US May CPI rose less than expected, boosting expectations for Fed easing later this year. Also, Wednesday’s rally in the S&P 500 to a new record high reduced liquidity demand for the dollar. The dollar...
The dollar index (DXY00 ) today is down by -0.69%. The dollar retreated today after the US May CPI rose less than expected, boosting expectations for Fed easing later this year. Also, today’s rally in the S&P 500 to a new record high has reduced liquidity demand for the dollar....
The dollar index (DXY00 ) Tuesday rose by +0.04% and posted a 4-week high. Persistent weakness in the euro benefits the dollar as political upheaval in France knocked the euro down to a 5-week low Tuesday. Also, the dollar is supported by expectations the Fed will leave policy unchanged at...
USDNOK May Face More Weakness from technical point of view and from Elliott wave perspective, but after a corrective rally.
The dollar index (DXY00 ) today is up by +0.25% at a 4-week high. Weakness in stocks today has boosted some liquidity demand for the dollar. Also, persistent weakness in the euro is benefitting the dollar as political upheaval in France knocked the euro down to a 5-week low today....
The dollar index (DXY00 ) Monday rose by +0.24% and posted a 3-1/2 week high. The dollar moved higher Monday on carryover support from last Friday’s stronger-than-expected US May payroll report, which curbed expectations for Fed rate cuts. Also, higher T-note yields on Monday strengthened the dollar’s interest rate differentials....
The dollar index (DXY00 ) today is up by +0.41% at a 3-1/2 week high. The dollar is moving higher today on carryover support from last Friday’s stronger-than-expected US May payroll report, which curbed expectations for Fed rate cuts. Also, higher T-note yields today are supportive for the dollar and...
NZDUSD has declined at the end of last week following strong US jobs data, despite a rise in US unemployment to 4%. We see kiwi now trading outside its upward channel, indicating a temporary correction after a five-wave rise from April lows to June highs.
The strong first half of 2024 for emerging markets appears set to continue as broker-dealers begin to tap into the vast potential of artificial intelligence to discover fresh opportunities throughout equity, forex, and commodities markets on an unprecedented scale.
The dollar index (DXY00 ) Friday rose by +0.75% and posted a 1-week high. The dollar jumped Friday on the stronger-than-expected US May payroll report, which reduced expectations for Fed rate cuts. May nonfarm payrolls rose more than expected and May average hourly earnings unexpectedly accelerated, hawkish factors for Fed...
The S&P 500 Index ($SPX ) (SPY ) today is up +0.22%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.39%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.21%. Stock indexes today recovered from early losses and pushed higher, with the S&P 500...
The dollar index (DXY00 ) today is up by +0.69% at a 1-week high. The dollar jumped today on the stronger-than-expected US May payroll report, which reduced expectations for Fed rate cuts. May nonfarm payrolls rose more than expected and May average hourly earnings unexpectedly accelerated, hawkish factors for Fed...
The S&P 500 Index ($SPX ) (SPY ) today is down -0.31%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.29%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.22%. Stock indexes today are under pressure after bond yields jumped on the stronger-than-expected US...
The dollar index (DXY00 ) Thursday fell by -0.16%. Thursday’s US economic news weighed on the dollar after weekly US jobless claims rose more than expected, a dovish factor for Fed policy. Also, the US Apr trade deficit widened by the most in 1-1/2 years, a negative factor for the...
The dollar index (DXY00 ) today is trading slightly higher on a rise in T-note yields. Gains in the dollar are limited after weekly US jobless claims rose more than expected, a dovish factor for Fed policy. Also, the US Apr trade deficit widened by the most in 1-1/2 years,...
European futures are trading higher as traders eagerly await the next move from the ECB, which it will announce later today. Traders and investors are currently anticipating that the bank will cut the interest rates by 25 basis points for the first time since 2019. The Euro and the European equity markets have already priced a significant portion of this move. What would matter most for the market players will be commentary from the President of the European Central Bank and further potential interest rate cuts in 2024. Many investors believe that there could be two more interest rates set by the ECB, as the bank has less pressure on it given the fact that inflation has dropped very close to its original target and economic activity is also at a decent level.
The dollar index (DXY00 ) Wednesday rose by +0.15%. The dollar raced to its high Wednesday after the May ISM services index rose more than expected, a hawkish factor for Fed policy. The euro is being undercut by expectations for the ECB to cut interest rates on Thursday. Also, Wednesday’s...
The dollar index (DXY00 ) today is up by +0.31%. The dollar raced to its high today as T-note yields rose after the May ISM services index rose more than expected, a hawkish factor for Fed policy. The euro is being undercut by expectations for the ECB to cut interest...