Elliott Wave trading plans: EUR/USD, SPX500 and WTI [Video]

Juan Maldonado Elliott Wave Street

The investment world is ever-evolving, and for those seeking to understand market trends and movements, Elliott Wave analysis has become an indispensable tool. In our latest video, we've conducted an in-depth research of EUR/USD, SPX500, and WTI, studying price cycles to provide potential scenarios for this week.

Applying concepts of Elliott Wave, institutional cycles, and price action, we aim to offer a clear and grounded perspective on the direction these assets might take. But we don't stop there. We also delve into the most pertinent global economic fundamentals that influence investor decisions.

One of the most anticipated events is the FED's statement on its benchmark interest rate, currently standing at 5.50%. While the general consensus expects no changes, our analysis suggests a potential increase of 25 basis points to 5.75%. This perspective is based on recent CPI and PPI data, inflation indicators that came out higher than expected, putting pressure on the FED to act against inflation.

If the FED decides to continue raising its interest rate, we might see a strengthening of the USD throughout the week. It's crucial to be prepared and understand the potential repercussions of these decisions in the market.

We invite you to watch our video, where we detail these topics, offering comprehensive analysis and the tools necessary for informed investment decisions.

Author

Juan Maldonado

Elliott Wave Street

Juan Maldonado has a University degree in Finance, and Foreign trade started his trading career in 2008. Since 2010 has been analyzing the markets using Elliott Wave with different strategies to spot high probability trades.

EUR/USD recovers modestly, stays below 1.1900

EUR/USD gains traction and edges higher toward 1.1900 in the second half of the day on Thursday. The US Dollar struggles to benefit from the upbeat employment data following an initial positive reaction, allowing the pair to find a foothold.

GBP/USD holds above 1.3600 after UK data dump

GBP/USD clings to moderate gains above 1.3600 following the release of the UK Q4 preliminary GDP, which showed that the UK economy expanded at an annual pave of 1% in Q4. Meanwhile, the improving risk mood causes the USD to lose interest and helps the pair edge higher.

Gold retreats from February highs, holds above $5,000

Gold corrects lower after touching a fresh February-high above $5,100 but manages to hold comfortably above $5,000. The positive shift seen in risk mood limits the safe-haven precious metal's strength, while the trading action remains choppy ahead of Friday's key US inflation data.

LayerZero Price Forecast: ZRO steadies as markets digest Zero blockchain announcement

LayerZero (ZRO) trades above $2.00 at press time on Thursday, holding steady after a 17% rebound the previous day, which aligned with the public announcement of the Zero blockchain and Cathie Wood joining the advisory board.

A tale of two labour markets: Headline strength masks underlying weakness

Undoubtedly, yesterday’s delayed US January jobs report delivered a strong headline – one that surpassed most estimates. However, optimism quickly faded amid sobering benchmark revisions.

Sonic Labs’ vertical integration fuels recovery in S token

Sonic, previously Fantom (FTM), is extending its recovery trade at $0.048 at the time of writing, after rebounding by over 12% the previous day. The recovery thesis’ strengths lie in the optimism surrounding Sonic Labs’ Wednesday announcement to shift to a vertically integrated model, aimed at boosting S token utility.