! In today’s article, we’ll examine the recent performance of NVIDIA Corp. ($NVDA) through the lens of Elliott Wave Theory. We’ll review how the rally from the April 2025 low unfolded as a 5-wave impulse followed by a 7-swing correction (WXY) and discuss our forecast for the next move. Let’s dive into the structure and expectations for this stock. Five-wave impulse + 7 swing WXY correction …
Remember that channel resistance play that we talked about a few days ago? Well, USD/CHF has already slipped to fresh monthly lows since then. Now it’s bouncing back a bit, which could be the market’s way of giving us another shot at riding the downtrend. Check out USD/CHF’s 4-hour chart! USD/CHF 4-hour Forex Chart by TradingView The U.S. dollar…
Market Context for Ethereum Futures At the time of this analysis, Ethereum futures (ETH1!) are trading at 4,328.5, up +22.5 (+0.52%) on the session, holding above today’s VWAP at 4,319.5. Bitcoin futures are also steady near 4,334.5, supporting a constructive crypto tone. Adding to the backdrop, U.S. equities surged Tuesday night (Sept 9) after Oracle’s earnings, which jumped as…
USD/CHF stabilizes around 0.7940, recovering from its lowest level since July 24. Traders await US NFP benchmark revision due at 14:00 GMT, which is expected to show sharp downward revisions to job growth. Markets have fully priced in a 25 basis point rate cut at the Federal Reserve’s September 16-17 meeting, with a 50 bps move still seen as…
2025.09.09 2025.09.10 Weekly Economic Calendar for 15.09.2025–21.09.2025 Jana Kanehttps://www.litefinance.org/blog/authors/jana-kane/ All key indicators for the Fed’s interest rate decision were published last week and earlier this month. It is now clear that the Fed will cut rates at its September meeting, scheduled from Tuesday to Wednesday, September 17, with the decision announced at 18:00 GMT. However, the extent of the…
The major assets were a mixed bag on Tuesday as traders juggled weak jobs data, geopolitical tensions, and shifting rate cut expectations. Stocks rose and gold hit fresh records before easing back, while the dollar staged a late rebound. Check out the headlines and economic updates you may have missed in the latest trading sessions! Headlines: New Zealand Manufacturing Sales…
Japanese manufacturers’ confidence climbed to its strongest level in more than three years in September, supported by easing trade tensions after Tokyo struck a tariff deal with Washington in July. The Reuters Tankan survey showed the manufacturers’ index rose to +13 from +9 in August, marking a third straight monthly gain and the highest since August 2022. Sentiment is…
Gold gathers bullish momentum and hit a new record-high of $3,674 on Tuesday. At the time of press, XAU/USD was up 0.85% on the day at $3,666. Gold seems to be benefiting from safe-haven flows amid a new escalation of geopolitical tensions in the Middle East. Several news outlets reported that there were several blasts heard in Qatar’s Doha,…
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…
The US Bureau of Labor Statistics reported on Tuesday that the preliminary estimate of the Current Employment Statistics (CES) national benchmark revision to total Nonfarm employment for March 2025 is -911,000, or -0.6%. Developing story, please refresh the page for updates. This section below was published as a preview of the preliminary benchmark revision to Nonfarm Payrolls. The BLS…
