The USD/JPY pair drops to a fresh year-to-date (YTD) trough during the first half of the European session on Friday, albeit manages to recover a few pips in the last hour. Spot prices currently trade around the 140.75 region, still down over 0.75% for the day, and seem vulnerable to slide further.The divergent Federal Reserve […]

Key Takeaways Starknet’s governance vote passes STRK token staking for late 2024. Staking features include a 21-day withdrawal time-lock and a balance between rewards and inflation. Share this article Starknet token holders have ratified a proposal to implement staking on the Layer 2 network, marking a significant milestone in the platform’s development and governance.The proposal, […]

In our preview of the ECB decision, we warned the central bank may not be as dovish as the market had been pricing in the lead up, leaving the balance of risk tilted towards a higher Euro. Indeed, this is how things have played out.Video Length: 00:01:20More By This Author:USDJPY Sinks To Fresh Yearly Low […]

USD/CHF extends its losses for the second successive day, trading around 0.8490 during the Asian hours on Friday. The decline of the USD/CHF pair could be attributed to the subdued US Dollar (USD) following Thursday’s economic data from the United States (US) reinforced the odds of a bumper rate cut by the Federal Reserve (Fed) […]

Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with COMMONWEALTH BANK OF AUSTRALIA. – CBA. We see CBA.ASX with bullish potential wave ((iii)).ASX: COMMONWEALTH BANK OF AUSTRALIA. – CBA Elliott Wave Technical Analysis  ASX: COMMONWEALTH BANK OF AUSTRALIA. – CBA 1D Chart (Semilog Scale) AnalysisFunction: Major trend (Minor degree, gray)  Mode: Motive  Structure: Impulse  Position: Wave (ii)-orange of Wave ((iii))-navy  Details: Wave (i)-orange has just completed as a Diagonal, and wave (ii)-orange is unfolding to push lower. Diagonals are usually followed by sharp and strong corrections.  Invalidation point: 124.89 ASX: COMMONWEALTH BANK OF AUSTRALIA. – CBA Elliott Wave Technical Analysis TradingLounge (4-Hour Chart)ASX: COMMONWEALTH BANK OF AUSTRALIA. – CBA Elliott Wave Technical AnalysisFunction: Major trend (Minor degree, grey)  Mode: Motive  Structure: Impulse  Position: Wave (ii)-orange of Wave ((iii))-navyDetails: Wave (i)-orange has ended below the Diagonal, wave (ii)-orange is likely to unfold to push lower, the first target it could be aiming at is at 136.98, or maybe lower. After wave (ii)-orange ends, wave (iii)-orange could return to push higher.  Invalidation point: 124.89  Conclusion:Our analysis, forecast of contextual trends, and short-term outlook for ASX: COMMONWEALTH BANK OF AUSTRALIA. – CBA aim to provide readers with insights into the current market trends and how to capitalize on them effectively. We offer specific price points that act as validation or invalidation signals for our wave count, enhancing the confidence in our perspective. By combining these factors, we strive to offer readers the most objective and professional perspective on market trends.More By This Author:Elliott Wave Technical […]