Elliott Wave View: Nasdaq (NQ) Should Continue Higher
Nasdaq Futures (NQ) breaks to a new all time high above the previous peak on September 7, 2021 at 15708.75. This suggests that buyers remain in control and the next leg higher has started. Short term Elliott Wave view suggests...
Greenlight, the fintech app for kids, wants to teach parents how to invest
Source: Greenlight Greenlight Financial, the start-up that helped pioneer the fintech category of debit cards and budgeting apps for kids, is now targeting parents. The start-up is releasing an investing platform that aims to teach parents how to research stocks...
ECB Could Play Some Defense
The European Central Bank (ECB) will wrap up its latest meeting at 11:45 GMT Thursday. Markets are pricing in the first rate increase for next year, which seems premature as the region continues to grapple with growth risks. The ECB...
Home prices in August hinted at possible cooling in the market, S&P Case-Shiller says
A sign is posted in front of new homes for sale at Hamilton Cottages on September 24, 2020 in Novato, California. Justin Sullivan | Getty Images There are signs that price growth could be cooling off in the otherwise red-hot...
Dollar and Yen Down again as DOW Sets to Extend Record Run
Risk-on sentiment is pressuring Yen and Dollar today, while Euro and Swiss Franc are not too far away. On the other hand Sterling is the strongest, while Aussie leads other commodity currencies. US futures are trading higher suggesting that DOW...
Hyperinflation warnings are ‘totally ridiculous,’ economist and longtime bear David Rosenberg says
Economist David Rosenberg suggests hyperinflation warnings are irrational. The longtime bear, known for his contrarian views, blames rising prices on Covid-19-induced supply side shocks. According to Rosenberg, it’s wrong to assume the impact will cripple the economy and feed into...
EUR/AUD False Breakout Possible: If The Price Doesn’t Break W L4
EUR/AUD technical analysis The market is still bearish. The break of 1.5440 will mark the continuation. Selling the rallies is possible. Order block zone. Breakout. Order block 2. Downside target. Descending Trendline. The price is still in downtrend. There are...
Corporate Earnings In Focus
ActionForex.com was set up back in 2004 with the aim to provide insightful analysis to forex traders, serving the trading community for over a decade. Empowering the individual traders was, is, and will always be our motto going forward. Contact...
EURJPY Buyers Resurface At 23.6% Fibonacci At 132
EURJPY’s minor pullback is finding its feet at the 132.00 handle, that being the 23.6% Fibonacci retracement of the up leg from 125.08 until 134.12, after its latest rally that began at 128.32 lost steam just shy of the 133.47-134.12...
Aussie Higher in Quiet Markets, Euro Staying Weak
DOW and S&P 500 eked out new record highs again overnight. But Asian markets are not following, with the exception of rally in Nikkei. Activities in the currency markets are generally quiet. Nevertheless, Aussie is strengthening with other commodity currencies....
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