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Dow Jones Index Elliott Wave Technical Analysis – Monday, October 21

Dow Jones Index Elliott Wave Technical Analysis – Monday, October 21

DOW JONES – DJI Elliott Wave Analysis Trading Lounge Day Chart DOW JONES – DJI Elliott Wave Technical Analysis Function: Bullish Trend Mode: Impulsive Structure: Gray Wave 3 Position: Orange Wave 3 Direction Next Lower Degrees: Gray Wave 4 Details: Gray Wave 2 appears completed, with Gray Wave 3 currently in play. Wave Cancel Invalid Level: […]
This Week: NDX To Move Back To Its Record High?

This Week: NDX To Move Back To Its Record High?

Megacap tech stocks dominated US indices gains Broader earnings recovery seen in recent months NASDAQ100 lags as cyclical companies attract buyers Prices above Fibonacci retracement at 19,989 Key earnings reports due this week and next Megacap tech stocks had dominated the US stock indices gains for some time, which fueled long-held concerns about an increasingly lop-sided rally.But in recent months, […]
USD/CHF Drifts Higher Above 0.8650 Amid Bullish USD

USD/CHF Drifts Higher Above 0.8650 Amid Bullish USD

The USD/CHF pair trades on a firmer note near 0.8655 on Monday during the early European trading hours. The prospect that the US Federal Reserve (Fed) will proceed with modest rate cuts over the next year underpins the Greenback against the Swiss Franc (CHF). However, the ongoing geopolitical tensions in the Middle East might cap the […]
Oil Prices Were Down By 10% In 2 Weeks, And Natural Gas Lost 19%

Oil Prices Were Down By 10% In 2 Weeks, And Natural Gas Lost 19%

Image Source: Unsplash  The Dow Jones (US30) Index was up 0.09% on Friday (+1.11% for the week). The S&P 500 Index (US500) was up 0.40% (for the week +0.60%). The Nasdaq Technology Index (US100) closed positive 0.63% (for the week +0.34%).Atlanta Federal Reserve Bank President Raphael Bostic said he was in no hurry to cut interest […]
EUR/GBP Remains Below 0.8350 Following Germany PPI Data

EUR/GBP Remains Below 0.8350 Following Germany PPI Data

EUR/GBP holds its position after the release of Germany’s Producer Price Index (PPI), trading around 0.8330 during the early European hours on Monday. Producer prices fell by 1.4% year-on-year in September, extending the decline from a 0.8% drop in the previous two months. On a monthly basis, PPI decreased by 0.5%, marking the first decline […]
EUR/USD Remains Uncertain As ECB Sets To Cut Rates Further

EUR/USD Remains Uncertain As ECB Sets To Cut Rates Further

EUR/USD holds 1.0800, though its outlook remains uncertain on ECB dovish bets. The Eurozone’s economic growth is expected to remain modest. The US Dollar will be influenced by market expectations for US presidential elections. EUR/USD struggles to extend Friday’s recovery above the immediate resistance of 1.0870 and retraces back to 1.0850 in Monday’s European session. The […]
USD/CAD Forms Double-Bottom, Golden Cross Ahead Of BoC Decision

USD/CAD Forms Double-Bottom, Golden Cross Ahead Of BoC Decision

The USD/CAD exchange rate rose for three consecutive days and was hovering near its highest level since August 6 ahead of the closely-watched Bank of Canada (BoC) interest rate decision. The pair rose to a high of 1.3815 on Monday, up by almost 3% from its lowest point in September.  Bank of Canada interest rate decisionThe biggest […]
Sensex Today Trades Flat; Nifty Below 24,800

Sensex Today Trades Flat; Nifty Below 24,800

Asian markets traded mixed after China’s loan prime rate cut announcement.Japan’s Nikkei 225 fell marginally, while the Topix declined 0.11%.The US stock market ended higher on Friday, with the Dow Jones Industrial Average and S&P 500 chalking up record closing highs led by gains across technology stocks.Here’s a table showing how US stocks performed on Friday: Stock/Index […]
FX Daily: Geopolitical Overload

FX Daily: Geopolitical Overload

Image Source: Unsplash  FX markets face much geopolitical influence this week. Beyond the IMF meetings in Washington, where many G10 central bankers speak, we also have a BRICS summit in Russia. Middle East tension continues to grow, and we are now nearly two weeks away from the US election, where markets seem to be positioning for a Trump victory. Expect […]
What Is Fundamental Analysis In The Stock Market?

What Is Fundamental Analysis In The Stock Market?

Image Source: Unsplash  Fundamental analysis is a method used by investors to evaluate the intrinsic value of a stock by examining a company’s financial statements, industry position, and broader economic conditions. This approach allows investors to determine if a stock is overvalued or undervalued, helping them make informed decisions about buying, holding, or selling.  Understanding Fundamental […]