S&P/ASX 200 INDEXASX: XJO Australian Stock Market Elliott Wave Technical Analysis Trading Levels , Forex AUDUSD, US Dollar DXY, Commonwealth Bank CBA, BHP Group (BHP), Rio Tinto (RIO), Fortescue Metals Group (FMG), Newcrest Mining NCM, Australian 2 Yr Government Bonds Yield. Technical Analysis Trading Strategies.
ASX200 Market Summary: Expect a corrective rally over the next few trading sessions, that said the current low is not quite completed.
Elliott Wave Analysis: Tracking two Elliott Wave counts in the bigger picture, however the short term direction and pattern is quite simple.
ASX200 Trading Strategy: Cover short trades on the ASX 200. Waiting for Wave ii) to short, or trade long the (a) (b) (c) of Wave ii).
Video Chapters:
00:00 ASX200 (XJO).
05:17 Banks CBA, XXJ.
11:54 Iron Ore BHP RIO FMG.
21:32 Lithium Stocks PLS LTR.
21:30 Newcrest Mining NCM / GOLD XAUUSD.
32:55 AUDUSD / DXY US Dollar.
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GBP/USD clings to moderate gains above 1.2450 on US Dollar weakness
GBP/USD is clinging to recovery gains above 1.2450 in European trading on Thursday. The pair stays supported by a sustained US Dollar weakness alongside the US Treasury bond yields. Risk appetite also underpins the higher-yielding currency pair. ahead of mid-tier US data and Fedspeak.
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Have we seen the extent of the Fed rate repricing?
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