AUD/JPY halts its four-day winning streak, trading around 98.40 during the European session on Tuesday. This downside of the AUD/JPY cross is attributed to rising risk aversion as traders adopt caution due to concerns mounting over China’s economic woes.Traders assess July manufacturing PMI data from China, a key trading partner of Australia. Official figures indicated […]

ASX: NEWS CORPORATION. – NWS Elliott Elliott Wave Technical Analysis TradingLounge (1D Chart)Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with NEWS CORPORATION. – NWS . We see NWS.ASX possibly rising with wave ((iii))-navy.ASX: NEWS CORPORATION. – NWS  Elliott Wave Technical Analysis  ASX: NEWS CORPORATION. – NWS  1D Chart (Semilog Scale) AnalysisFunction: Major trend (Minuete degree, navy)  Mode: Motive  Structure: Impulse  Position: Wave ((iii))-navy of Wave 5-grey  Details: Wave 5-grey looks to be extending, it is subdividing into wave ((iii))-navy and continuing to push higher, while price must remain above the 40.00 low to maintain this view. Invalidation point: 40.00 ASX: NEWS CORPORATION. – NWS  Elliott Wave Technical Analysis TradingLounge (4-Hour Chart)ASX: NEWS CORPORATION. – NWS  Elliott Wave Technical Analysis ASX: NEWS CORPORATION. – NWS  4-Hour Chart AnalysisFunction: Major trend (Minute degree, navy)  Mode: Motive  Structure: Impulse  Position: Wave (iii)-orange of Wave ((iii))-navyDetails: Wave ((iii))-navy is unfolding to push higher since 40.00, it is subdividing into wave (i),(ii)-orange. And wave (ii)-orange probably ended at 41.40, so wave (iii)-orange is unfolding to push higher, targeting the high of 47.19. Invalidation point: 41.40  Conclusion:Our analysis, forecast of contextual trends, and short-term outlook for ASX: NEWS CORPORATION. – NWS  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:AXIS Bank LTD – AXISBANK Stocks Elliott Wave […]

It seems the markets are entering September with a cautious tone, reflecting the historical volatility associated with this month and the uncertainty surrounding upcoming economic data. After a relatively strong finish in August, investors seem to be taking a step back as they brace for key events this week, particularly the monthly jobs report and […]

GBP/JPY breaks its three-day winning streak, trading around 191.80 during the European hours on Tuesday. However, the JPY encountered challenges as weak Japanese manufacturing data fueled speculation that the Bank of Japan (BoJ) might postpone further rate hikes.On Tuesday, Japan announced to allocate ¥989 billion to fund energy subsidies in response to rising energy costs […]

The USD/CHF pair extends its upside amid the firmer US Dollar (USD) around 0.8525 during the early European trading hours on Tuesday. The Swiss inflation was softer than expected in August, but the economy grew stronger than estimated. Investors brace for the US ISM Manufacturing PMI data, which is due later on Tuesday.  Data released by the Swiss Federal […]