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Jobless Claims: Not So Good As The Headline, But Not So Bad Either

Jobless Claims: Not So Good As The Headline, But Not So Bad Either

Initial jobless claims will be up against some very challenging comparisons for the next 6 months or so, due to some unresolved post-COVID seasonality. Which means that the headline numbers this week, which look very benign at the surface, are not quite so good as they have been for the past year.For the week, initial […]
S&P 500: Stocks Ease Ahead Of US Jobs And Amid Raised Geopolitical Risks

S&P 500: Stocks Ease Ahead Of US Jobs And Amid Raised Geopolitical Risks

After edging up a modest 0.5% last week, the S&P futures were holding weekly losses of around 0.8% at the time of writing on Thursday. In other words, the S&P was trading near a two-week low, albeit only a tiny bit below its record high hit last week. So, as things stand, we are far […]
Are Stocks Still Forming A Top?

Are Stocks Still Forming A Top?

Stocks continue their consolidation amid geopolitical uncertainty and mixed data.Stock prices were little changed on Wednesday, with the S&P 500 index closing 0.01% higher after rebounding from the daily low of 5,674. The market dipped below 5,700, slightly extending Tuesday’s decline of 0.9%. On Tuesday, I mentioned that the market “may see some more short-term uncertainty and a […]
OPEC+ Maintains Production Quotas. Mexican Peso Strengthens As New President Takes Office

OPEC+ Maintains Production Quotas. Mexican Peso Strengthens As New President Takes Office

At the end of Wednesday, the Dow Jones Index (US30) gained 0.09%, while the S&P 500 Index (US500) added 0.01%. NASDAQ Technology Index (US100) closed positive 0.08%. Increasing geopolitical risks dampened optimism over a possible interest rate cut in the US. Meanwhile, economic data showed stronger-than-expected employment growth, with 143,000 private sector jobs created in […]
CAC 40 (France) Index Elliott Wave Technical Analysis

CAC 40 (France) Index Elliott Wave Technical Analysis

CAC 40 (France) Elliott Wave Analysis Tradinglounge – Day ChartCAC 40 (France) Elliott Wave Technical AnalysisFUNCTION: Bullish Trend MODE: Impulsive STRUCTURE: Gray wave 3 POSITION: Orange wave 3DIRECTIONNEXT HIGHER DEGREES: Gray wave 3 (may have started) DETAILS: Gray wave 2 appears completed. Gray wave 3 of orange wave 3 is now in progress. Wave Cancel Invalid […]
Swift to pilot digital currency transactions in 2025

Swift to pilot digital currency transactions in 2025

Key Takeaways Swift’s 2025 trials will integrate digital and traditional currencies on a global scale. Central and commercial banks will be able to use the Swift network to conduct trial transactions of digital currencies and assets, Share this article Swift announced today it will start piloting live digital asset and currency transactions on its network […]
Crypto Wrap: XRP Dips Amid SEC’s Appeal But Flare, Aptos See Gains 
                    
BTC struggles amid geopolitical crisis
SEC to appeal Ripple verdict; XRP dumps 14%

Crypto Wrap: XRP Dips Amid SEC’s Appeal But Flare, Aptos See Gains BTC struggles amid geopolitical crisis SEC to appeal Ripple verdict; XRP dumps 14%

XRP (XRP) shed double digits as Bitcoin struggled near $61k, with crypto a sea of red heading into the US trading session.This comes as investors react to geopolitical events in the Middle East and news of US Securities and Exchange Commission (SEC)’s move to appeal a court ruling in the Ripple case.There were double digit […]
EUR/USD Analysis: Breakdown Of Uptrend

EUR/USD Analysis: Breakdown Of Uptrend

The EUR/USD currency pair has been declining since the beginning of the week due to risk-off flows, weak September inflation figures in the region, and mixed leading employment indicators in the United States. The upcoming ADP non-farm employment change report, which is expected to show a slight rebound in employment for the previous month, may […]
GBP/USD Forecast: Bailey Hints At Aggressive Rate Cuts

GBP/USD Forecast: Bailey Hints At Aggressive Rate Cuts

The GBP/USD forecast shows a sudden spike in bearish momentum after Bank of England governor Bailey’s dovish comments. At the same time, the dollar was firm after private employment figures beat estimates. The pound plunged to a two-week low after BoE governor Bailey said the central bank could become aggressive on cuts if inflation behaves well. […]
Unlocking ASX Trading Success: BHP Stock Analysis & Elliott Wave Technical Analysis – Thursday, October 3

Unlocking ASX Trading Success: BHP Stock Analysis & Elliott Wave Technical Analysis – Thursday, October 3

ASX: BHP GROUP LIMITED – BHP Elliott Elliott Wave Technical Analysis TradingLounge (1D Chart)Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) BHP GROUP LIMITED – BHP. We see BHP.ASX unfolding to push higher in the long term with wave 3-grey.ASX: BHP GROUP LIMITED – BHP 1D Chart (Semilog Scale) AnalysisFunction: Major trend […]