High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you…
RGTI has risen rapidly in value in recent days attracting the attention of investors. Here we have the 15-minute chart. Applying the Elliott Waves principle, the stock should find support in 5.89 – 7.07 area to complete a wave 4. This would generate a new rally on wave 5 that could reach around 8.94 – 10.25 or extend higher….
Prior month wholesale inventories +0.1% revised from 0.2% Wholesale Inventories November Level: Estimated at $901.6 billion, a 0.2% decrease from October and a 0.9% increase from November 2023. October Revision: Growth revised down from +0.2% to +0.1%. Retail Inventories November Level: Estimated at $827.5 billion, a 0.3% increase from October and a 7.2% increase from November 2023. October Estimate:…
For those new to our Elliott Wave-based analyses and as a reminder to our regular readers, we have been tracking an ending diagonal (ED) pattern for the NASDAQ100 (NDX) for over a month. In our previous update, we found that “the index has advanced to the minimal upside target for the third wave extension within an…
US equities battled back after a slump at the open yesterday and they will have to do it again today. S&P 500 futures are down 33 points, or 0.6% in the premarket. Today is the third-last trading day of the year but and it’s notable that settlement changes now make Monday as the final day for trades to settle…
Aussie dips to 0.6215 on a quiet Friday session. Year-end lull keeps markets subdued. RBA dovish bets rise amid easing inflation and mixed economic outlook. The Australian Dollar pair trades in a very tight range near the yearly support of 0.6200 in Friday’s session. The Aussie struggles for direction as global market activity remains muted, with traders largely focused…
The major US stock indices are opening lower with the Nasdaq index trading down near 1% on the day. A snapshot of the market 5 minutes into the open : Dow industrial average -200.03 points or 0.45% at 43125.77 S&P -43.20 points or -0.72% at 5994.39 Nasdaq -200.68 points or -1.00% at 19819.68 Russell 2000 -14.32 points or -0.63%…
NZD/JPY inches higher on Friday, touching 88.90 and holding recent upside momentum. MACD bars remain green but have flattened, signaling cautious optimism amid lingering downside risks. RSI moves up to 51, entering positive territory as buyers tentatively return. NZD/JPY added a modest 0.20% on Friday, climbing to 88.90 and building on the gains seen since the pair broke above…
Natural gas prices have been a recent winner and there is talk of longer-range forecasts showing a particularly-cold January in the northeastern United States. Today’s number is something of a disappointment though after last week’s 125 bcf draw. As for oil, it’s holding up today despite the ugly mood in markets and the EIA weekly crude data is at…
The Dow Jones lost 400 points on Friday. Holiday markets traded on the low side, Dow ended the week flat. Another midweek holiday next week will crimp market volumes. The Dow Jones Industrial Average (DJIA) shed around 400 points on a quiet Friday. Most investors are still out of the markets on holidays and thin volumes have left the…
