Stock Market Report S&P 500 - NASDAQ 100 - RUSSELL 2000 - DAX 40 - FTSE 100 - ASX 200. Elliott Wave Analysis
Summary: Elliott Wave (iv) of c) of 4 Flat Correction for US Indices and DAX.
Trading Strategies: Once Wave (iv) has reached its 38.2% retracement level, short term traders can start to look for short trade setups into Wave (v) of c) of 4. The longer term
Video Chapters
00:00 SP 500 (SPX)
11:01 NASDAQ (NDX)
12:39 Russell 2000 (RUT)
14:20 DAX 40 (DAX)
19:37 FTSE 100 UKX (UK100)
23:18 ASX 200 (XJO)
29:08 End
Analyst Peter Mathers TradingLounge™ Australian Financial Services Licence - AFSL 317817
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Editors’ Picks
EUR/USD faces next resistance near 1.1930
EUR/USD continues to build on its recovery in the latter part of Wednesday’s session, with upside momentum accelerating as the pair retargets the key 1.1900 barrier amid a further loss of traction in the US Dollar. Attention now shifts squarely to the US data docket, with labour market figures and the always influential CPI releases due on Thursday and Friday, respectively.
GBP/USD sticks to the bullish tone near 1.3660
GBP/USD maintains its solid performance on Wednesday, hovering around the 1.3660 zone as the Greenback surrenders its post-NFP bounce. Cable, in the meantime, should now shift its attention to key UK data due on Thursday, including preliminary GDP gauges.
USD/JPY declines as Yen strengthens after election win, overshadowing US jobs data
The US Dollar rose briefly after stronger-than-expected job creation but gave back gains against a firm Japanese Yen. The Unemployment Rate falls to 4.3% and wages accelerate, reinforcing expectations of a prolonged Fed pause. Sanae Takaichi’s election victory fuels demand for the Japanese Yen, pushing USD/JPY down for the day.
Editors’ Picks
AUD/USD now targets the 0.7150 zone
AUD/USD has rapidly left behind Tuesday’s pullback, advancing sharply to three-year highs past the 0.7100 barrier on Wednesday. The pair’s strong performance follows investors’ assessment of the RBA’s hawkish message and the likelihood of further tightening down the road.
EUR/USD faces next resistance near 1.1930
EUR/USD continues to build on its recovery in the latter part of Wednesday’s session, with upside momentum accelerating as the pair retargets the key 1.1900 barrier amid a further loss of traction in the US Dollar. Attention now shifts squarely to the US data docket, with labour market figures and the always influential CPI releases due on Thursday and Friday, respectively.
Gold holds on to higher ground ahead of the next catalyst
Gold keeps the bid tone well in place on Wednesday, retargeting the $5,100 zone per troy ounce on the back of modest losses in the US Dollar and despite firm US Treasury yields across the curve. Moving forward, the yellow metal’s next test will come from the release of US CPI figures on Friday.
UNI faces resistance at 20-day EMA following BlackRock's purchase and launch of BUIDL fund on Uniswap
Decentralized exchange Uniswap (UNI) announced on Wednesday that it has integrated asset manager BlackRock's tokenized Treasury product on its trading platform via a partnership with tokenization firm Securitize.
US jobs data surprises to the upside, boosts stocks but pushes back Fed rate cut expectations
This was an unusual payrolls report for two reasons. Firstly, because it was released on Wednesday, and secondly, because it included the 2025 revisions alongside the January NFP figure.
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