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AUDJPY Forex Elliott Wave Technical Analysis – Thursday, October 31

AUDJPY Forex Elliott Wave Technical Analysis – Thursday, October 31

AUDJPY Elliott Wave Analysis Trading Lounge Australian Dollar / Japanese Yen (AUDJPY) Day Chart AUDJPY Elliott Wave Technical Analysis Function: Bearish Trend Mode: Impulsive Structure: Orange wave 1 Position: Navy blue wave 3 Next Lower Degree Direction: Orange wave 1 (initiated) Details: The navy blue wave 2 appears complete, with the orange wave 1 of 3 now active. Wave Cancel Level: 109.333  AUDJPY Day […]
The Cigna Group Reports $63.7 Billion In Q3 Total Revenues, Better Than Expected

The Cigna Group Reports $63.7 Billion In Q3 Total Revenues, Better Than Expected

Image Source: Unsplash  The Cigna Group (NYSE: CI) has reported robust financial results for the third quarter of 2024, showcasing a significant increase in total revenues and adjusted income from operations. Total revenues for the quarter surged by 30% to reach $63.7 billion, up from $49.0 billion in the same period of 2023.This impressive growth was primarily […]
Oil Strengthened Due To Lower Inventories

Oil Strengthened Due To Lower Inventories

Image Source: Pixabay  The Dow Jones (US30) Index was down 0.22% on Wednesday. The S&P 500 Index (US500) was down 0.33%. The Nasdaq Technology Index (US100) closed lower by 0.79%. Stocks gave up early gains and suffered moderate losses as declines in chip company stocks impacted the broader market. AMD closed down more than 10%, leading […]
Forex Today: Gold Breaks To New Record High; US GDP Data Disappoints

Forex Today: Gold Breaks To New Record High; US GDP Data Disappoints

Image Source: Pixabay  Gold continued its slow advance to new record prices while other risk assets cooled off after US Advance GDP data undershot expectations. Precious metals are the standout asset class in the market right now, with Silver rising recovering some ground yesterday while Gold rose to trade at a new all-time high of $2,790. Palladium has also recently reached a […]
Bank Of Japan Holds Rates Steady Amid Signs Of Modest GDP Growth

Bank Of Japan Holds Rates Steady Amid Signs Of Modest GDP Growth

Image source: Pixabay  Monthly industrial production results have been mixed but generally indicate a modest recovery in third-quarter GDP. Clear guidance from the Bank of Japan remains elusive, with each upcoming meeting being pivotal. If global USD strength continues alongside rising inflation and wages, a December rate hike is possible, though it remains a close call. […]
Is This The Real Cause Of The Shocking GDP Report?!

Is This The Real Cause Of The Shocking GDP Report?!

Image Source: Pexels  Another seemingly solid US GDP report for the books thanks in large part to a huge allotment of missiles. Does this mean the soft landing has been achieved? Even if it has been achieved, we wouldn’t know it from GDP data. Instead, history shows cyclical changes all look decent just before them. The […]
Ford’s Ride-The-Brakes Strategy Is Hard To Steer

Ford’s Ride-The-Brakes Strategy Is Hard To Steer

Image Source: Unsplash  Ford Motor boss Jim Farley is getting used to owning up to shortcomings. The Detroit automaker turned in a disappointing third quarter, one of a few blemishing an otherwise roaring Motor City recovery from the pandemic. Like arch-nemesis General Motors, Ford has trimmed plans to chase electric leader Tesla. Unlike GM, the shift […]
EUR/USD Holds Onto Gains After Robust Eurozone GDP Growth Supports Euro

EUR/USD Holds Onto Gains After Robust Eurozone GDP Growth Supports Euro

EUR/USD clings to gains near 1.0850 on upbeat Eurozone GDP growth and hot German inflation. ECB Lagarde sees more interest-rate cuts and said she is hopeful about inflation returning to the bank’s target of 2%. The US Dollar will be influenced by the US presidential election, NFP, and the ISM Manufacturing PMI data. EUR/USD holds […]
Sensex Today Trades Lower; Nifty Below 24,350; Cipla Rallies 10%

Sensex Today Trades Lower; Nifty Below 24,350; Cipla Rallies 10%

Asian equities fell Thursday after US stocks and government bonds dropped as robust economic data blurred the picture for imminent Federal Reserve rate cuts. Shares in Australia and Japan opened lower, and a gauge of US-listed Chinese companies slipped in New York trading on Wednesday.US markets ended lower in mid-week trading as traders digested a […]
AUD/USD And AUD/NZD Analysis: Key Levels To Watch

AUD/USD And AUD/NZD Analysis: Key Levels To Watch

AUD/USD Chart Analysis  AUD/USD 15-Minute Chart (Source: TradingView)On the 29th Oct 2024 price continues following the selling trend, respecting both the support and resistance area as marked on the chart.Trading opportunity triggers best when prices go in a channel. You can plan multiple safe entries with a small stop loss in such a situation, while the […]