2024.10.04 2024.10.04 USD/JPY: Elliott wave analysis and forecast for 04.10.24 – 11.10.24 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Highlights and key points Main scenario: once the correction ends, consider long positions above the level of 141.63 with a target of 151.51 – 153.88. A buy signal: the price holds above 141.63. Stop Loss: below 140.00, Take Profit:…
Wall Street Journal’s Nick Timiraos is out with a tweet saying: A very solid September payroll report probably takes a lot of the drama out of the November Fed meeting Likely leaves officials on course for a 25 basis point cut. Looking at the probability of a 25 basis point cut, that is now at 99%, while remaining unchanged…
The Dow Jones recovered ground on NFP Friday, but still remains down on the week.. The US added far more jobs than expected in September. Market hopes for a follow-up jumbo cut from the Fed have collapsed. The Dow Jones Industrial Average (DJIA) rallied after US Nonfarm Payrolls (NFP) jobs figures blew past expectations. US NFP net job gains…
2024.10.04 2024.10.04 WTI Crude Oil: Elliott wave analysis and forecast for 04.10.24 – 11.10.24 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Highlights and key points Main scenario: consider short positions from corrections below the level of 77.00 with a target of 61.50 – 53.60. A sell signal: if the price holds below 77.00. Stop Loss: above 78.50, Take…
The Israeli Broadcasting Authority is Preparing to expand its operation in southern Lebanon, The Army will send to additional brigades to southern Lebanon Israel is still preparing to strike Iran It did not specify the place and time for that invasion. Will make a decision to respond to Orion independently without any relationship with third parties Israeli seeks to…
New US hiring comes in 81% above expectations for September. Dockworker strike largely ends as automation negotiations get pushed into next year. Market loses interest with 50 bps November cut, 25 bps becomes gospel. Amazon hiring 250K seasonal jobs for Christmas season. Amazon (AMZN) stock rose 1.7% on Friday after US jobs data overshot the Wall Street consensus by…
2024.10.04 2024.10.04 XAU/USD: Elliott wave analysis and forecast for 04.10.24 – 11.10.24 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Highlights and key points Main scenario: consider long positions from corrections above the level of 2619.05 with a target of 2800.00 – 3000.00. A buy signal: if the price holds above 2619.05. Stop Loss: below 2600.00, Take Profit: 2800.00…
Forex traders who want to be consistently profitable know the importance of tracking the rights and wrongs of the trades that they take. Unfortunately, the impact of the trades that they DON’T take is too often overlooked. Traders are no strangers to missing good trade opportunities. At one point or another, we’ve encountered setups that we didn’t take even…
Economic forecasting isn’t easy. At various points over the last two years it looked like the US was slowing down dramatically. At the start of 2023, a looming recession call was the consensus forecast. This year, as some economic indicators deteriorated, those calls returned. It was understandable — high interest rates hurt the economy. In some ways, it was…
Nonfarm Payrolls (NFP) in the US rose by 254,000 in September, the US Bureau of Labor Statistics (BLS) reported on Friday. Developing story, please refresh the page for updates. Follow our NFP Live Coverage here This section below was published as a preview of the US Nonfarm Payrolls data at 05:00 GMT. US Nonfarm Payrolls are set to increase…
