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S&P 500 reversed from resistance level 5035.00 Likely to fall to support level 4920.00 S&P 500 index recently reversed down from the pivotal resistance level 5035.00 (which stopped the previous minor impulse wave iii at the start of this month). The downward reversal from the resistance level 5035.00 created the daily Japanese candlesticks reversal pattern […]

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31/01/2024

A Dovish Fed Guidance May Not Reverse the Rout in China and Hong Kong Stock Markets

China and Hong Kong benchmark stock indices have almost erased last week’s gains. NBS Non-Manufacturing PMI sub-components for January are indicating feeble service activities in China. A weaker US dollar via a dovish forward monetary policy guidance from the Fed is not enough to act as a bullish catalyst for China and Hong stock markets. […]
17/01/2024

China Beats its 2023 Growth Target

In focus today This morning at 8:00 CET we get inflation data for December from the UK, where consensus expects both headline and core inflation to ease further on a yearly basis. Key will be how service inflation develops as this remains an important input for the Bank of England to determine underlying inflation pressures. […]
27/06/2024

Elliott Wave Intraday Analysis on AUDJPY Looking to End Wave 5

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