Author: FX
Caterpillar Inc., commonly known as CAT, is a leading American manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. Caterpillar operates globally and is known for its extensive product line, which includes machinery like bulldozers, excavators, wheel loaders, and haul trucks. Below we will look at the long term Elliott Wave outlook of the company. Caterpillar quarterly Elliott Wave chart Quarterly Elliott Wave chart of Caterpillar above (CAT) shows that the stock extended higher strongly within wave (III). The subdivision of wave (III) is unfolding as a nesting 5 waves impulse. Up from…
New US hiring comes in 81% above expectations for September. Dockworker strike largely ends as automation negotiations get pushed into next year. Market loses interest with 50 bps November cut, 25 bps becomes gospel. Amazon hiring 250K seasonal jobs for Christmas season. Amazon (AMZN) stock rose 2.5% on Friday after US jobs data overshot the Wall Street consensus by leaps and bounds. The US Nonfarm Payrolls (NFP) for September reached 254K, according to the US Bureau of Labor Statistics. That figure for hiring was well above consensus of 140K, and the US Unemployment Rate also dropped by a tenth of a…
Mexican Peso rises after strong US Nonfarm Payrolls data for September crushed estimates. Mexico’s data showed an uptick in unemployment, while Automobile Exports and Production increased in September. US Unemployment Rate edged lower, easing recession fears. The Federal Reserve is expected to cut rates by 25 bps in the coming meetings. The Mexican Peso appreciated against the US Dollar on Friday, sponsored by an outstanding jobs report in the United States (US) that set aside recessionary fears in the largest economy in the world. Meanwhile, market participants seem confident that President Claudia Sheinbaum’s government could be “market-friendly” despite backing controversial…
The US jobs report came in much stronger than expected and that has sent the US dollar to the upside as the initial reaction. Yields are higher and the stock markets are higher as well.In this video, I take a look at three of the major currency pairs from a technical perspective. We know the dollar move higher but what did it do to the charts? What levels were broken? What levels are risk or targets? I will go through it in 2 minutes for each pair.Watch and follow the roadmap. Source link
Strategy: CCI Flashback The CCI Flashback is a trend-following strategy. This straightforward approach utilizes moving averages and has undergone extensive backtesting by our team, demonstrating a winning ratio between 70% and 80%. Recommended Timeframe This strategy is adaptable to various timeframes, including H1, H4, and Daily. Although it can be applied to timeframes lower than H1, optimal results are typically achieved within the H1, H4, and Daily timeframes. Trade Details Currently, the CCI Flashback strategy has identified a trading opportunity on the EUR/USD pair within the H4 timeframe. I’ve shared a trade setup image for your reference. The details of…
EUR/USD is poised to move into a higher 1.10-1.15 range through 2025, DBS’ FX analysts Philip Wee and Chang Wei Liang note. To move into a higher 1.10-1.15 range through 2025 “The European Central Bank (ECB) is unlikely to match the Fed’s pace in reducing interest rates. By September’s end, the ECB’s deposit facility rate was 150 bps above its 2% inflation target, compared to the Fed’s 275-300 bps.” “ECB estimated an inflation-adjusted neutral rate of 1-2%, higher than the Fed’s 0-1%. The ECB’s easing is based on its expectation for inflation to ease amid record-low unemployment. However, the Fed…
Forex traders who want to be consistently profitable know the importance of tracking the rights and wrongs of the trades that they take. Unfortunately, the impact of the trades that they DON’T take is too often overlooked. Traders are no strangers to missing good trade opportunities. At one point or another, we’ve encountered setups that we didn’t take even though they so clearly fit our biases and strategies. All too often, those missed trades also tend to be winners. There are plenty of reasons why we fail to catch good pips. We’re all humans, after all. Steve, for example, could…
Investing.com — U.S. stock futures traded largely unchanged Friday, with investors warily awaiting the release of the crucial official jobs report which could guide the extent of the Federal Reserve’s rate cutting this year. By 05:55 ET (09:55 GMT), the contract was down 10 points, or 0.1%, while traded 8 points, or 0.1%, higher and climbed 48 points, or 0.2%. The main indices ended with losses Thursday, with the blue chip dropping 185 points, or 0.4%, while the broad-based fell 0.2% and the tech heavy just slipped into negative territory. All three major averages are on pace to snap a…
Why it’s important?In the Asian session, Eamonn published the range of estimates for today’s US NFP report. These ranges are important in terms of market reaction because when the actual data deviates from the expectations, it creates a surprise effect. Another important input in market’s reaction is the distribution of forecasts. In fact, although we can have a range of estimates, most forecasts might be clustered on the upper bound of the range, so even if the data comes out inside the range of estimates but on the lower bound of the range, it can still create a surprise effect.…
Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with ANZ GROUP HOLDINGS LIMITED – ANZ – WES. We see ANZ pushing lower in the near term, and there is weakness in the bull market trend. ASX: ANZ GROUP HOLDINGS LIMITED – ANZ – WES 1D chart (Semilog scale) analysis Function: Major trend (Minute degree, navy). Mode: Motive. Structure: Impulse. Position: Wave (c)-orange of Wave ((ii))-navy of Wave 5-grey. Details: Wave 5-grey may be unfolding to push higher, or it may have ended. So in either case, price will continue to push lower, aiming for the nearest target around 28.90. A…