Stock Market Indices Overview: S&P 500, SPY, NASDAQ 100, QQQ, RUSSELL 2000, DAX 40, FTSE 100, ASX 200. Featuring Elliott Wave Technical Analysis
Indices look forward to higher levels in this short term bullish run.
Elliott Wave Analysis
SP500 (SPX): Wave i of (v) of iii) of 5 of (5) of 3)
NASDAQ 100 (NDX) Wave i of (v) of iii) of 5 of (5) of 3)
Russell 2000 (RUT) IWM ETF: Wave b) of 4
DAX 40 (DAX): Wave iii of (v) of iii) of 5 of (5) of 3)
FTSE 100 UKX (UK100) Wave i) of 5
S&P/ASX 200 (XJO): Wave i of (v) of iii)
Financial Events
Core PPI m/m
US Unemployment Claims
AUD Employment Change
EUR Monetary Policy Statement
Video Chapters
Comprehensive Elliott Wave analysis for major indices:
00:00 SP 500 (SPX)
10:48 NASDAQ 100 (NDX)
17:22 Russell 2000 (RUT) IWM ETF
18:08 DAX 40 (DAX)
20:12 FTSE 100 UKX (UK100)
23:28 S&P/ASX 200 (XJO)
31:02 End
Analyst Peter Mathers TradingLounge
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AUD/USD advances beyond 0.6400 after stellar Aussie jobs data
AUD/USD gained strong positive traction on Thursday following the release of upbeat Australian jobs data, which pointed to a still resilient labour market and forced investors to scale back their bets for a rate cut by the RBA in February.
USD/JPY retreats from two-week top; BoJ uncertainty could limit losses
USD/JPY drifts lower on Thursday and snaps a three-day winning streak to a two-week high touched the previous day. The downside, however, seems limited amid diminishing odds for another BoJ rate hike next week, which, along with the risk-on mood, could undermine the safe-haven JPY.
Gold price retains its bullish bias near two-week high on Fed rate cut optimism
Gold price stands firm near the $2,720-2,722 area, or over a two-week high on Thursday amid the likelihood of a Fed rate cut next week. Furthermore, geopolitical risks and trade war fears remain supportive of the bullish sentiment surrounding the safe-haven XAU/USD.
Ripple's XRP eyes massive rally after posting bullish flag, high profit-taking poses threat
Ripple's XRP continued its rally on Wednesday as it looks to test the upper boundary of a key flag channel. Following the recent price rise, investors booked profits worth nearly $800 million while options traders bet on the remittance-based token hitting the $5 mark.
BTC faces setback from Microsoft’s rejection
Bitcoin price hovers around $98,400 on Wednesday after declining 4.47% since Monday. Microsoft shareholders rejected the proposal to add Bitcoin to the company’s balance sheet on Tuesday.
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