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Markets Yesterday’s risk correction on Wall Street didn’t spill to European dealings with key indices adding up to 0.5%. January EMU retail sales barely grew (0.1% M/M vs 0.2% consensus), but obviously didn’t impact trading ahead of tomorrow’s ECB gathering. Employment indices in US manufacturing ISM last Friday (45.9 from 47.1) and non-manufacturing ISM yesterday […]

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Dollar Index (DXY) Should Continue Lower

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10/06/2024

Headwinds Knocked Down Bitcoin & Ethereum

Market picture The crypto market is losing about 4.5% from its peak on Friday, having reversed to the downside after news positive for the dollar. Another batch of labour market figures well above expectations has raised doubts that the Fed will soon follow the ECB and Bank of Canada in cutting rates. This shift in […]
12/03/2024

Limited Appetite Ahead of US CPI, Bitcoin at Record

The week started with limited appetite in US stock and a fresh record for Bitcoin. Major US indices were flat on Monday’s trading session. The S&P 500 slid 0.11% as sentiment in technology stocks was mixed. Nvidia tumbled 2% yesterday, but Google gained nearly 2%. The US dollar recovered the post-US jobs data losses, the […]
06/12/2023

NIKKEI Futures (NKD_F) Found Buyers At The Blue Box

Hello fellow traders. In this technical article we’re going to take a look at the Elliott Wave charts charts of NIKKEI Futures published in members area of the website. As our members know NIKKEI Futures has recently made pull back that has unfolded as Elliott Wave Double Three Pattern. It made clear 7 swings from […]