Image Source: Pexels  At Monday’s close, the Dow Jones (US30) Index was up 0.58%, while the S&P 500 (US500) Index increased by 0.97%. The Nasdaq Technology Index (US100) closed positive 1.39%. That day, dovish Fed comments drove bond yields lower and supported equities. San Francisco Fed President Daly said that recent US economic data has given the Fed “more confidence” that inflation is […]

Recently, Kamala Harris proposed that if elected, she would implement a ban on price gouging for food and groceries. Her goal is to lower inflation, as food prices have risen by about 20% over the last four years. The Harris campaign says the price gouging measure sets “clear rules of the road to make clear […]

Oil retreats for a third consecutive session as tail risks for the commodity ease further. Israel’s Prime Minister Benjamin Netanyahu has confirmed he supports the ceasefire proposal US Secretary of State Antony Blinken has put forward, according to a report from Bloomberg. Even though Hamas still has to have its say about the agreement, the news means […]

ASX: REA GROUP LTD – REA Elliott Elliott Wave Technical Analysis TradingLounge (1D Chart)Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with REA GROUP LTD – REA . We see REA.ASX possibly rising with wave ((iii))-navy.ASX: REA GROUP LTD – REA  Elliott Wave Technical Analysis  ASX: REA GROUP LTD – REA  1D Chart (Semilog Scale) AnalysisFunction: Major trend (Minor degree, gray)  Mode: Motive  Structure: Impulse  Position: Wave (i)-orange of Wave ((iii))-navy  Details: Wave ((iii))-navy is unfolding to push higher. It is subdividing into wave (i)-orange, which will essentially continue to push higher. Any subsequent large decline would suggest that wave (ii)-orange is unfolding to push lower. Eventually, wave (iii)-orange will return to continue to push higher. Invalidation point: 187.27ASX: REA GROUP LTD – REA  Elliott Wave Technical Analysis TradingLounge (4-Hour Chart) lASX: REA GROUP LTD – REA  Elliott Wave Technical Analysis ASX: REA GROUP LTD – REA  4-Hour Chart AnalysisFunction: Major trend (Minute degree, navy)  Mode: Motive  Structure: Impulse  Position: Wave (i)-orange of Wave ((iii))-navy Details: Since the low of 172.49, the ((i)),((ii))-navy waves have been unfolding, and they have ended. The ((iii))-navy wave is starting its role since the low of 187.27, which itself is subdividing into the (i)-orange wave. Basically, it continues to push a little higher, possibly aiming at the target at 222.90. But the (i)-orange wave has pushed quite high, so it could end at any moment. The push below the low of 207.58 shows that the (ii)-orange wave is unfolding.  Invalidation point: 187.27Conclusion:  Our analysis, forecast of contextual trends, and short-term outlook for ASX: REA GROUP LTD […]

Image Source: Pixabay  Overview: The US dollar’s recent retreat has been marginally extended today but it seems to be moderating. Still, the greenback is on the defensive, arguably ahead of tomorrow’s BLS annual revisions of nonfarm payrolls, where there is talk that April 2023-March 2024 job growth could be slashed from 2.6 mln to 1.6 mln. And […]