Elliott Wave View: S&P 500 Futures Breaking To New High
In larger degree context, the rally from October 1, 2021 low in S&P 500 Futures (ES) is unfolding as a 5 waves impulse Elliott Wave structure. Up from October 1 low, wave 1 ended at 4365.75 and pullback in wave...
Cathie Wood disputes Jack Dorsey’s hyperinflation warning, says prices will fall after holidays
Catherine Wood, chief executive officer of ARK Investment Management LLC, speaks during the Milken Institute Global Conference in Beverly Hills, California, on Monday, Oct. 18, 2021. Kyle Grillot | Bloomberg | Getty Images Innovation investor Cathie Wood on Monday rebutted...
Stock futures are flat after Dow and S&P 500 close at records, big tech earnings on deck
Traders work on the floor of the New York Stock Exchange (NYSE), September 22, 2021. Brendan McDermid | Reuters U.S. stock futures were steady in overnight trading on Monday as investors await a slew of major technology earnings with the...
Japanese Yen Calm
The Japanese yen is drifting in the Monday session. Currently, USD/JPY is trading at 113.66, up 0.10% on the day. Yen rebounds with a winning week The yen has looked weak against the US dollar recently, and I for one...
Calm Day ahead of Busy Week; Oil around $85
US futures near new highs; Facebook releases its earnings Today’s economic calendar is light, but the rest of the week promises to be very interesting, with central bank meetings in the Eurozone, Canada, and Japan, as well as earnings reports from...
Euro Drops Broadly Following Weaker Germany Sentiment and Outlook
Euro drops broadly today after slightly weaker than expected German sentiment. Bundesbank also warned of significantly lower growth in Germany in Q4. Swiss France is following as second weakest. Yen is also soft following rally in major global treasury yields....
Risk Attitude Pushes Euro to Strengthen
Early in the new week of October, EUR/USD is looking good and trading at 1.1660. the factor that supports the European currency is the global risk attitude. So far, the US Fed hasn’t given any signals of the QE programme...
ECB Preview – ECB to Convince Market Low Interest Rate Still Necessary Despite Rising Inflation
The surge in electricity price has haunted the Eurozone since the last ECB meeting. Meanwhile, heightened inflation expectations have moved forward market pricing of the first post-pandemic rate hike to end-2022, significantly ahead of the central bank’s estimate. We expect...
AUD/USD Outlook: Aussie Rises On Higher Metal’s Prices
The Australian dollar bounces on Monday after last week’s two-day pullback from new multi-week high (0.7546), inflated by fresh rise in metal’s prices. Bulls regained traction after shallow dip but face headwinds from good offers at 0.7500 zone that caps...
There’s a chance China might finally put taxes on property
Vehicles drive by unfinished residential buildings from the Evergrande Oasis, a housing complex developed by Evergrande Group, in Luoyang, China September 16, 2021. Carlos Garcia Rawlins | Reuters BEIJING — China is closer than ever to taxing property owners, analysts...
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