Content: SP500 - NASDAQ 100 - RUSSELL 2000 - DOW JONES.
Market Summary: Two degrees of wave fours unfolding this week or the other way to view this is a Classic tradinglevels pattern.
Elliott Wave Nasdaq/ SP500 Wave c of (iv) of iii) of 5.
Trading Strategy: Hold long.
Video chapters
00:00 S&P 500
18:48 NASDAQ (NDX)
22:58 Russell 2000 (RUT)
24:25 Dow Jones (DJI)
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Editors’ Picks
GBP/USD extends rally to fresh six-month highs near 1.3250 ahead of UK CPI data
GBP/USD continues its winning streak that began on April 8, trading around 1.3250 during Wednesday’s Asian session. The pair has maintained strong momentum, boosted by improved global risk sentiment after US President Donald Trump announced exemptions for key technology products from his new “reciprocal” tariffs.
Gold price buying remains unabated; fresh all-time high and counting amid trade jitters
Gold price continues to attract safe-haven flows amid persistent trade-related uncertainties. Bets for aggressive policy easing by the Fed and a weaker USD also benefit the XAU/USD pair. Investors now look forward to Fed Chair Jerome Powell’s speech for some meaningful impetus.
EUR/USD rises to near 1.1350 ahead of Eurozone HICP inflation data
EUR/USD is trading around 1.1340 during the Asian hours on Wednesday, rebounding after two consecutive sessions of losses. The pair is drawing support from a more positive global risk sentiment, buoyed by US President Donald Trump's decision to exempt key technology products from his newly announced “reciprocal” tariffs.
UK CPI inflation expected to dip in March, opening door to BoE rate cut in May
The United Kingdom’s Office for National Statistics will publish the March CPI data on Wednesday. The annual UK headline inflation is set to cool in March, while core CPI is seen to remain unchanged. The UK CPI data could inject volatility around the Pound Sterling amid a cautious BoE.
Is a recession looming?
Wall Street skyrockets after Trump announces tariff delay. But gains remain limited as Trade War with China continues. Recession odds have eased, but investors remain fearful. The worst may not be over, deeper market wounds still possible.
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