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Will The Nasdaq 100’s Relief Rally Hold Or Is A Sharp Decline Inevitable?

Will The Nasdaq 100’s Relief Rally Hold Or Is A Sharp Decline Inevitable?

Image Source: Pixabay  Watch the free-preview video below extracted from the WLGC session before the market opens on 23 Jul 2024 to find out the following: How might the rotation of funds into small-cap stocks and the Dow Jones affect the Nasdaq 100? How can we spot the exhaustion of the downward momentum and hidden demand? Why could more […]
Elliott Wave Technical Analysis: U.S. Dollar/Swiss Franc – Wednesday, July 24

Elliott Wave Technical Analysis: U.S. Dollar/Swiss Franc – Wednesday, July 24

 Photo by Claudio Schwarz on Unsplash  USDCHF Day Chart Elliott Wave AnalysisUSDCHF Elliott Wave Technical AnalysisFunction: Counter Trend Mode: Corrective Position: Navy blue wave 2 Structure: Gray wave 1 Next Lower Degrees: Navy blue wave 3The USDCHF Elliott Wave Analysis on the daily chart offers a detailed examination of market behavior through Elliott Wave Theory. The current movement is identified […]
Two Trades To Watch: USD/JPY, EURUSD Forecast

Two Trades To Watch: USD/JPY, EURUSD Forecast

Image Source: Unsplash  USD/JPY falls to a monthly low Yen rises after services PMI rose to 53.9 from 49.4 US services PMI data is expected to fall to 54.4 from 55.3 USD/JPY falls to 155.00 The Japanese yen has risen to a monthly high against the US dollar, boosted by a mix of positive economic data, […]
The Yen Is The Talk Of The Town

The Yen Is The Talk Of The Town

The DXY US dollar index is standing tall after a late-week rally as all G-10 currencies appear to be under the weather this week. The yen, however, is basking in the glow of this week’s risk-off mood, especially as emerging market equity indices seem to be having a bit of a meltdown. Perhaps as a […]
July PMIs Point To A Very Sluggish Eurozone Recovery

July PMIs Point To A Very Sluggish Eurozone Recovery

Image Source: Pexels  This is another report that will not please the ECB. The July PMIs show that the Eurozone economy is losing further momentum, as both the manufacturing and services sectors see activity slowing.The return of optimism in the Eurozone since the start of the year continues to lose steam. While improving business sentiment in […]
EUR/USD Hangs Near Two-week Low, Below Mid-1.0800s Ahead Of Eurozone PMIs

EUR/USD Hangs Near Two-week Low, Below Mid-1.0800s Ahead Of Eurozone PMIs

The EUR/USD pair prolongs its recent corrective slide from the vicinity of mid-1.0900s, or a four-month high touched last week, and remains under some selling pressure for the second straight day on Wednesday. This also marks the fourth day of a negative move in the previous five and drags spot prices to a nearly two-week low, […]
SP500 Daily Trade Plan – Wednesday, July 24

SP500 Daily Trade Plan – Wednesday, July 24

Image Source: DepositPhotosIn this update we review the recent price action in the emini SP500 futures contract and identify a trade plan for the trading day ahead.Video Length: 00:03:29 More By This Author:Daily Market Outlook – Wednesday, July 24FTSE Reverses Lower As Copper’s Decline Weights On The MinersSP500 Daily Trade Plan – Tuesday, July 23
Oil Falls Amid Possible Truce Between Israel And Hamas

Oil Falls Amid Possible Truce Between Israel And Hamas

Image Source: Pixabay  At Tuesday’s close, the Dow Jones Index (US30) decreased by 0.14%, while the S&P 500 Index (US500) was down 0.16%. The Nasdaq Technology Index (US100) closed negative 0.06%.Spotify (SPOT) shares are up 2.11% after reporting stronger-than-expected subscriber growth and higher-than-expected gross profit. Tesla’s (TSLA) second-quarter net income fell 45% from a year ago as sales of the company’s electric vehicles declined globally despite price […]
Tron Price Targets New Gains: Is Another Increase Coming?

Tron Price Targets New Gains: Is Another Increase Coming?

Tron price is rising from the $0.1300 zone against the US Dollar. TRX is outperforming Bitcoin and could rise further above $0.1350. Tron is moving higher above the $0.1300 resistance level against the US dollar. The price is trading above $0.1320 and the 100-hourly simple moving average. There is a key bullish trend line forming […]
Rates Spark: Why September Looks Like A Good Month For An ECB Rate Cut

Rates Spark: Why September Looks Like A Good Month For An ECB Rate Cut

The ECB’s Luis de Guindos identified September as a good month for a rate cut decision as new macroeconomic projections will be in. PMIs are coming in for the US and Europe and will be watched for signs of economic weakness. As the Harris vs Trump discussion fades slightly, we gear up for some key data […]