Elliott Wave Intraday View: S&P 500 Futures (ES) Wave 5 In Progress

Key Highlights Crude oil prices struggled to clear the $80.00 resistance zone. It traded below a key bullish trend line with support at $77.00 on the 4-hour chart. EUR/USD rallied and surpassed the 1.1120 resistance. Gold seems to be consolidating near the $2,500 pivot zone. Crude Oil Price Technical Analysis Crude oil prices attempted a […]

Market picture The crypto market added 0.5% in 24 hours to $2.46 trillion as a rebound in risk appetite in stocks helped altcoins attract buying interest. The Crypto Fear & Greed Index added 1 point to 72 (Greed). Bitcoin is avoiding sharp swings and is trading at $66.75K on Wednesday morning, adding 0.3% in 24 […]

After a few wobbles, disinflation has resumed in peer economies. Why should Australia be any different? Recent inflation data overseas has reminded market participants that sticky inflation need not imply stuck inflation. After a few wobbles, disinflation has resumed in the United States, Canada and New Zealand. Expectations of near-term cuts in policy rates have […]