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Markets Taking aside corporate news (Volkswagen, Boeing), this morning’s headlines still feature on news terminals. Brent crude fell from $76/b to $72/b after Israel shunned Iranian crude facilities with this weekend’s retaliatory strikes. JPY managed to erase part of the losses following snap parliamentary election results which terminated 15-years of LDP dominance as voters cut […]

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04/06/2024

Nasdaq 100: Bullish Reversal Remains Intact Supported by Positive Momentum in 10-year T-Note Futures

Macro factor (10-year US Treasury yield) has likely taken over the driver’s seat in dictating the short to medium-term directional movements of the major US stock indices. Last Friday, 31 May key intraday bullish reversals recorded in the S&P 500, Nasdaq 100, and Dow Jones Industrial Average were led by an earlier rally in the […]
31/07/2024

NZDUSD Poised for Bullish Rotation

NZDUSD rotates higher after touching familiar support zone Technical signals increase the odds for upside reversal FOMC policy announcement might affect USD at 18:00 GMT NZDUSD has had a terrible month, but a bullish rotation this week has brought hope that the bearish phase could be over. The pair changed direction and moved north after […]
18/01/2024

Elliott Wave Analysis: Dollar Index Approaching Resistance at 104

Markets are sideways but volatility can step in if there will be any major news out from the World Economic Forum in Davos, Switzerland. There are a number European central bank officials who noted that markets went to far regarding cut expectations, so it will be interesting to listed ECB President Lagarde later at 16:15CET. […]