S&P 500 [SPX] NASDAQ [NDX] AMZN, GOOG, AAPL,SQ, FB,TSLA Technical  Analysis Elliott Wave Trading

Overview: Trending higher through the levels, the 4300 for the SP500
 
S&P 500 Elliott Wave: Wave iii of (v) of v) of 5 of (3)

SP500 Trading Strategy: long

Peter Mathers TradingLounge

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GBP/USD rises to near 1.2540, driven by higher UK GDP

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GBP/USD edged higher to near 1.2540 during Asian hours on Friday, buoyed by the release of higher-than-expected UK Gross Domestic Product (GDP) data for the first quarter.

GBP/USD News

EUR/USD: The crucial resistance level will emerge at the 1.0790–1.0800 region

EUR/USD: The crucial resistance level will emerge at the 1.0790–1.0800 region

The EUR/USD pair trades on a softer note near 1.0775 during the early European hours on Friday. The downtick of the major pair is supported by the renewed US Dollar demand amid hawkish comments from Federal Reserve officials. 

EUR/USD News

Gold price attracts some buyers despite hawkish Fedspeak

Gold price attracts some buyers despite hawkish Fedspeak

Gold price edges higher for the second consecutive day on Friday. Weak employment data bolstered the speculation that the weakening economy would force the Fed to cut rates.

Gold News

XRP tests support at $0.50 as Ripple joins alliance to work on blockchain recovery

XRP tests support at $0.50 as Ripple joins alliance to work on blockchain recovery

XRP trades around $0.5174 early on Friday, wiping out gains from earlier in the week, as Ripple announced it has joined an alliance to support digital asset recovery alongside Hedera and the Algorand Foundation. 

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Rate cut optimism fuelled by higher US jobless claims

Rate cut optimism fuelled by higher US jobless claims

With Federal Reserve policy acting as the primary driver of investor sentiment in 2024, renewed optimism surrounding the possibility of rate cuts has propelled the Dow to its most significant rally since December. 

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