Elliott Wave View: Natural Gas (NG) Near The End Of Correction
Elliott Wave View in Natural Gas (NG) suggests it is correcting cycle from June 22, 2020 low in larger degree 3, 7, or 11 swing. The decline is unfolding as a flat elliott wave structure. Down from October 6, 2021...
Unemployment claims end 2021 near pre-pandemic levels
A recruiter hands out information to a job seeker during a job fair in Miami, Florida, on Dec. 16, 2021. Eva Marie Uzcategui/Bloomberg via Getty Images Initial claims for unemployment benefits ended 2021 near pre-pandemic levels, after an improving labor...
Week Ahead – NFP Report to Kick Off New Year, Inject Life into Muted FX Market
Markets have been dead quiet during the holiday period but the upcoming week is guaranteed to bring increased volatility. The nonfarm payrolls report along with the FOMC minutes and a host of other US data are bound to wake markets...
Euro Slips Below 1.13 But Recovers
The euro lost ground earlier on Thursday but has recovered most of these losses. EUR/USD is currently trading at 1.1337, down 0.08% on the day. Risk appetite boosts euro With a very light economic calendar this week, the markets are...
Stocks at Highs and Dollar Ticks Slightly Lower
Dollar heavy as sentiment remains positive; US jobless claims send positive messages Major US stock futures have managed to remain near record highs, while trading volumes have narrowed, and liquidity is drying up as the trading doors near closure for...
Yen Weakness Still the Main Theme as US Stocks Might Extend Record Run
Overall outlook in the markets are unchanged, with US futures pointing to slightly higher open. DOW and S&P 500 could continue their record runs. Selloff in Yen remains the main theme while Sterling is strong together with Aussie and Kiwi....
WTI Futures’ Rally Stalls Above 77 Mark
WTI oil futures have stretched towards 77.35 and are sitting above the 50-day simple moving average (SMA) at 75.71 after an upward surge from around the 66.00 mark. The positive incline in the SMAs has faded recently. However, they have...
Oil Rises Slightly, Gold Falls But Recovers
Oil edges higher Oil prices edged higher overnight thanks to larger than expected falls in US crude and gasoline inventories and receding virus nerves. Brent crude tested USD 80.00 a barrel intraday but finished the session 0.25% higher at USD...
AUDUSD Downside Risks Linger Despite Latest Climb
AUDUSD buyers are in the process of trying to extend the ascent from the 13-month low of 0.6992 beyond the falling 50- and 100-day simple moving averages (SMAs). Nevertheless, the bearish SMAs are demonstrating that the directional trend remains skewed...
US Oil Seeks Support
WTI crude rallied after the EIA report showed a larger-than-expected fall in US inventories. The bulls are looking to hold onto their recent gains after they cleared the 30-day moving average and daily resistance at 73.20. 79.00 from November’s sharp...