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Day Chart Elliott Wave Technical Analysis: EURUSD, Wednesday, October 25

Oct 25, 2023 Jeremy Parkinson Finance, No picture 0

EURUSD Elliott Wave Analysis Trading Lounge Day Chart, 25 October 23Euro/U.S.Dollar(EURUSD) Day ChartEURUSD Elliott Wave Technical AnalysisFunction: Counter TrendMode: impulsive Structure:5 of APosition: wave 2Direction Next Higher Degrees: red wave BDetails: black wave 4 completed at 1.06943 .Now wave 5 of A is in play . Wave Cancel invalid level: 1.07636The EUR/USD Elliott Wave Analysis for […]

US Soft-Landing Odds Rise As Q3 GDP Nowcast Ticks Up

Oct 25, 2023 Jeremy Parkinson Finance 0

Tomorrow’s release of third-quarter economic data is expected to show that US output accelerated, based on GDP nowcasts from several sources compiled by CapitalSpectator.com.Freepik The Bureau of Economic Analysis looks set to report on Thursday, Oct. 26, that US economic output rose 3.8%, based on the median estimate. If correct, the gain will mark a strong […]

AUD/USD Price Analysis: Surprising Inflation Bolsters Aussie

Oct 25, 2023 Jeremy Parkinson Finance 0

After an unexpectedly robust inflation report, the AUD/USD price analysis took a bullish turn. The Australian dollar strengthened due to expectations of interest rate hikes. It surged to 0.7%, reaching a roughly two-week high of $0.6400 on Wednesday. Notably, Australia’s consumer price index increased by 1.2% in the third quarter. It surpassed the market expectations of […]

Divergence Continues To Underpin The Greenback

Oct 25, 2023 Jeremy Parkinson Finance 0

Overview: FreepikThe divergence reflected in the flash PMI readings seen yesterday underpinned the dollar, which is firmer in mostly quiet turnover. The initial Australian dollar gains scored in response to the slightly less decline in Q3 CPI have been unwound. The greenback also remains within striking distance of JPY150 where there are still some large options […]

The Commodities Feed: Risk Premium For Oil Diminishes

Oct 25, 2023 Jeremy Parkinson Finance 0

Crude oil prices slipped further on Tuesday, giving up nearly half of the gains made since the Hamas attack on Israel as the short-term risk premium somewhat diminished. The API numbers were constructive for the oil market.Freepik Energy – Risk premium diminishesICE Brent prices slipped further yesterday and settled at around US$88/bbl as the risk premium has […]

Is This A Healthy Pullback Or The Prelude To A Market Crash?

Oct 25, 2023 Jeremy Parkinson Finance 0

Watch the video extracted from the WLGC session before market open on 24 Oct 2023 below to find out the following: How to use an analogue comparison to judge the current market trend? The existing red flag that traders and investors need to be very cautious The bearish case that the bull must watch out for The key […]

Less Than Useful Data: ADP Employment Index

Oct 25, 2023 Jeremy Parkinson Finance 0

In theory, the ADP Employment Index should provide analysts with highly valuable information. Automatic Data Processing (ADP) is the largest firm that provides payroll services to thousands of U.S. businesses with millions of employees. As such, it has a unique view into how the private sector of the U.S. economy is performing.Image via Political CalculationsAnd yet, its flagship research report […]

Elliott Wave Technical Analysis: Amazon Inc., Wednesday, Oct. 25

Oct 25, 2023 Jeremy Parkinson Finance, No picture 0

Amazon Inc., Elliott Wave Technical AnalysisUnsplashAmazon Inc., (AMZN): 4H Chart, Wednesday, Oct. 25AMZN Stock Market Analysis: We are monitoring the possibility of a wave {iv} to be in the making as we have been moving sideways ever since we topped in August of this year. As we keep moving higher and lower in three wave structures […]

Aussie Market Commentary – Wednesday, Oct. 25

Oct 25, 2023 Jeremy Parkinson Finance 0

Freepik CPI Spikes AgainThe Aussie Dollar has seen fresh demand across early European trading on Wednesday following the latest Aussie data overnight. CPI was seen ticking back up last quarter with the headline reading printing 1.2% from 0.8% prior, above the 1.1% the market was looking for. YoY, CPI bounced back to 5.6% from 5.2% prior, […]

Discover Uncommon Value In The Preferred And Capital Securities Market

Oct 25, 2023 Jeremy Parkinson Finance 0

With yields highest and spreads widest since the Global Financial Crisis, now may be an attractive entry point into the preferred and capital securities asset class.FreepikOpportunities for upside and higher income potential exist for the asset class now, especially within the contingent convertible (CoCos) subset of the market. Over the past couple of years, CoCos have […]