Author: FX
Aussie dips to 0.6215 on a quiet Friday session. Year-end lull keeps markets subdued. RBA dovish bets rise amid easing inflation and mixed economic outlook. The Australian Dollar pair trades in a very tight range near the yearly support of 0.6200 in Friday’s session. The Aussie struggles for direction as global market activity remains muted, with traders largely focused on New Year festivities. Thin liquidity and lingering policy uncertainties contribute to the currency’s softness. Daily digest market movers: Aussie continues soft and struggles to gain traction, USD strength December’s highlight was that the US Federal Reserve cut rates by 25…
Closing changes:S&P 500 -1.1%Nasdaq Comp -1.5%DJIA -0.8%Russell 2000 -1.6%Toronto TSX Comp -0.2%On the week:S&P 500 +0.7%Nasdaq Comp +0.8%DJIA +0.4%Russell 2000 +0.1%Toronto TSX Comp +0.8%We get two more days of trading before the scoreboard resets at zero. This article was written by Adam Button at www.forexlive.com. Source link
WTI crude oil settled 98-cents higher today to $70.43.Oil traded up to $88 early last year but has been treading water near $70 for months. The opening level of the year was $71.65 so it’s on track for a small decline this year.Today’s EIA US oil inventory data:Crude -4237K vs -1867K expectedGasoline +1630K vs -1080K expectedDistillates -1694 vs -313K expectedRefinery utilization +0.7% vs -0.4% expectedGlobal inventories are tighter than some of the commentary suggests but OPEC+ is holding back plenty of spare capacity. A key question early next year surrounds US policy towards Iran and whether Trump will try to…
Mlenny/E+ via Getty ImagesWelcome to Seeking Alpha’s Catalyst Watch – a breakdown of some of next week’s actionable events that stand out. Read more about the events that may impact stock prices next week. Monday – December 30 Volatility watch – KULR Technology Source link
Let’s finish our recap of the year for gold by breaking down the solid uptrend then consolidation in the precious metal between June and December. Once again, gold is the king reserve asset for many and tends to react to all kinds of themes and catalysts. It’s also a super liquid trading asset so it’s always one to watch for fresh short and long-term opportunities. Use this review in conjunction with your trading journal review to help improve your understanding of what drives gold prices to ultimately improve the skills needed to better anticipate future moves! This Article…
For those new to our Elliott Wave-based analyses and as a reminder to our regular readers, we have been tracking an ending diagonal (ED) pattern for the NASDAQ100 (NDX) for over a month. In our previous update, we found that “the index has advanced to the minimal upside target [123.60% @ NDX21509] for the third wave extension within an ending diagonal pattern. However, while the downside risk is thus currently increasing and appropriate actions should be taken, e.g., raise stops and take partial profits, until we see at least a break below NDX21200, we can still allow for higher prices…
RGTI has risen rapidly in value in recent days attracting the attention of investors. Here we have the 15-minute chart. Applying the Elliott Waves principle, the stock should find support in 5.89 – 7.07 area to complete a wave 4. This would generate a new rally on wave 5 that could reach around 8.94 – 10.25 or extend higher. RGTI 15 Min Chart 12.11.2024 In any case, as long as the market respects the 5.89 – 7.07 area, RGTI must continue with the upward movement and break above wave 3 to reach at least 8.94 – 10.25. If the…
Hello fellow traders. In this technical article we’re going to take a look at the Elliott Wave charts charts of Netflix (NFLX) Stock published in members area of the website. Our members are aware of the numerous positive trading setups we’ve had recently. One of them is NFLX, which made a pullback that concluded right at the Equal Legs zone (Blue Box Area). In the following text, we’ll delve into the Elliott Wave pattern and trading setup. NFLX H1 update 12.18.2024 Netflix stock is currently in a wave 4red pullback, unfolding as 3 waves ((a))((b))((c)) pattern. The stock should ideally see an…
By Laura Matthews NEW YORK (Reuters) -After closing the books on a banner year for U.S. stocks, investors expect to ride seasonal momentum into mid-January when a slew of economic data and a transition of power in Washington could send markets moving. The rose over 24% in 2024 through the early afternoon of Dec. 27, while the technology-heavy Nasdaq Composite index (), which surpassed 20,000 for the first time in December, is up 30.5%. On Friday, however, stocks sold off amid thin trading volumes, some profit taking and questions about how markets could perform in January, according to analysts and…
CFD broker Investizo has announced an improvement in trading conditions: now the company’s clients can trade cryptocurrencies with 1:200 leverage. This is one of the first offerings of its kind in the industry.The updated leverage is available for more than 30 popular cryptocurrency pairs such as BTCUSDT, ETHUSDT, LTCUSDT, XRPUSDT and others. This offering aims to empower traders. It enables them to make the most of the high volatility of the cryptocurrency market and apply a wider range of trading strategies.In September this year, Investizo made significant changes to its trading conditions. At that time, the company announced an increase…