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April 30 – Market Close & Major Financial Headlines

April 30 – Market Close & Major Financial Headlines

Pixabay Summary Of the Markets Today: The Dow closed down 570 points or 1.49%, Nasdaq closed down 2.04%, S&P 500 closed down 1.57%, Gold $2,305 down $53.00, WTI crude oil settled at $82 down $0.92, 10-year U.S. Treasury 4.690% up 0.080 points, USD index $106.28 up $0.700, Bitcoin $59,598 down $3,313 (5.05%) *Stock data, cryptocurrency, and […]
FX Daily: DXY Closing In On Year’s High Ahead Of Fed

FX Daily: DXY Closing In On Year’s High Ahead Of Fed

The relentless stream of above-expected US inflation data continues. Yesterday it was the turn of the Employment Cost Index to surprise on the upside. Higher US rates have sent one measure of the trade-weighted dollar – the DXY – to the year’s high. The prospect of a hawkish Fed tonight and potentially an equity sell-off will keep […]
Metals Report For Tuesday, April 30

Metals Report For Tuesday, April 30

Image Source: PixabayIn this video, Ira Epstein reviews the day’s trading in the gold and other relevant metal markets.Video Length: 00:09:31More By This Author:SPDR ETF Report For Tuesday, April 30Financial Markets Report For Tuesday, April 30SPDR ETF Report For Monday, April 29
AUDJPY Forex Elliott Wave Technical Analysis

AUDJPY Forex Elliott Wave Technical Analysis

AUDJPY Elliott Wave Analysis Trading Lounge Day Chart,     Unsplash Australian Dollar / Japanese Yen (AUDJPY) Day Chart    AUDJPY Elliott Wave Technical Analysis  FUNCTION: Counter TrendMODE: impulsive as C                                  STRUCTURE: blue wave 1POSITION:  blue wave 1DIRECTION NEXT HIGHER DEGREES: blue wave 2     […]
Market Reversal Alert: Unveiling A Strategic Trading Plan From The Resistance Zone 
                    
 
 

Market Reversal Alert: Unveiling A Strategic Trading Plan From The Resistance Zone    

Watch the free-preview video above extracted from the WLGC session before the market open on 30 Apr 2024 below to find out the following: How to spot the momentum exhaustion in the S&P 500 The pivot point to confirm the potential reversal scenario A key sign traders are looking for when a reversal happens How to identify […]
Market Briefing For Wednesday, May 1, 2024

Market Briefing For Wednesday, May 1, 2024

Equilibrium was lost – when an earnings-based reflex rebound restored S&P to around the 50-Day Moving Average, and then Tuesday simply worked into a more notable sell-off, given an absence-of-bids ahead of the Fed decision. Pexels This is not even about any change in Fed outlooks (you heard all speculation for days if not longer), but is a conflicted scenario […]
Elliott Wave Analysis For Bitcoin, TLT Bonds, US 10 Yr. Yields, USD/ DXY, Gold, Silver, Copper, Uranium, Crude Oil, Natural Gas

Elliott Wave Analysis For Bitcoin, TLT Bonds, US 10 Yr. Yields, USD/ DXY, Gold, Silver, Copper, Uranium, Crude Oil, Natural Gas

Elliott Wave Analysis for Bitcoin, TLT Bonds, US 10 Yr. Yields, USD/ DXY, Gold, Silver, Copper, Uranium, Crude Oil, Natural Gas Commodity Market Elliott Wave Analysis Update: Dollar and Yields are higher and gold, silver, bitcoin, ETH/USD, copper, oil, and gas are lower. We can expect this weakness to continue over the next trading sessions. We […]
USDCHF Charges Higher: Uptrend Confirmed Or Further Gains Ahead?

USDCHF Charges Higher: Uptrend Confirmed Or Further Gains Ahead?

Image Source: PixabayUSDCHF has displayed continued strength, with the price reaching new highs. This analysis examines the technical situation and explores potential scenarios for the currency pair.USDCHF Maintains Uptrend: Rising Trend Line Support: A key technical indicator for USDCHF is the rising trend line on the daily chart. As long as the price remains above this trend line, […]
Leggett & Platt Dividend Cut

Leggett & Platt Dividend Cut

Image Source: PixabayLeggett & Platt (LEG) cut its dividend because of leverage, a tough economic climate, and a change in strategic priorities. It is the first Dividend King to do so in many years. The company previously lost its Dividend Aristocrat status because it was removed from the S&P 500 Index.The company’s recent difficulties have caused the share price to […]
WTI Remains Under Selling Pressure Below $81.00 Amid Unexpected Oil Stockpile Build

WTI Remains Under Selling Pressure Below $81.00 Amid Unexpected Oil Stockpile Build

Photo by Timothy Newman on Unsplash WTI trades in negative territory for the fourth consecutive day near $80.80 on Wednesday.  The unexpected Crude oil stockpiles build in the US weigh on WTI prices.  The rising Middle East tensions might raise the fear of oil supply disruption, lifting WTI.  Western Texas Intermediate (WTI), the US crude oil benchmark, is trading around […]