ASX 200 Index CBA ANZ NCM BHP RIO FMG Technical Analysis Elliott Wave Trading Strategies
ASX 200 Index Overview: Bullish Impulse pattern Wave (5)
ASX200 Elliott Wave (i) of v) of 3 of (5)
ASX200 Trading Strategy: Build long trades on 7420|7430|7450 with Classic Trading Levels patterns
Australian Stocks Elliott wave counts and notes.
CBA: Elliott Wave (iii) of iii) Risk On
ANZ: Elliott Wave (iii) of iii) Risk On
NCM: Elliott Wave i) of 3 Risk On
Video Chapters
ASX200 Overview:Tested support on 7400 creates a bullish market
Video Chapters
00:00 ASX200
02:37 Banks Stocks CBA ANZ NAB
06:15 Resource stocks BHP FMG RIO NCM
17:00 AUDUSD
18:40 Thanks for watching TradingLounge Analysis
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EUR/USD treads water above 1.1050 amid cautious markets
EUR/USD is trading with caution above 1.1050 on Wednesday's European morning. The pair remains undermined by sustained US Dollar strength, in the face of the Middle East conflict and pre-ADP data nervousness. Speeches from ECB and Fed policymakers will be also eyed.
GBP/USD stays depressed below 1.3300 on tepid risk sentiment
GBP/USD stays depressed below 1.3300 in European trading on Wednesday. The cautious trading could be attributed to risk aversion due to the rising geopolitical tensions in the Middle East, which underpins the safe-haven US Dollar at the expense of the risk-sensitive Pound Sterling.
Gold pulls back toward $2,650, focus shifts to US data, Fedspeak
Gold pulls back after Tuesday’s rally on increased geopolitical risk stemming from Iran’s escalation in the Middle East. The macro backdrop remains positive, however, with falling interest rates globally making Gold shine. Eyes turn to US ADP data, Fedspeak.
ADP report expected to show US private employment rose by 120,000 in September
The ADP Research Institute will release its monthly report on private-sector job creation for September on Wednesday. The so-called ADP Employment Change report is expected to show that the US added 120,000 new positions in September after creating 99,000 jobs in August.
RBA widely expected to keep key interest rate unchanged amid persisting price pressures
The Reserve Bank of Australia is likely to continue bucking the trend adopted by major central banks of the dovish policy pivot, opting to maintain the policy for the seventh consecutive meeting on Tuesday.
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