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
Source: tradinglounge com Access Trial
As with any investment opportunity there is a risk of making losses on investments that Trading Lounge expresses opinions on.
Historical results are no guarantee of future returns. Some investments are inherently riskier than others. At worst, you could lose your entire investment. TradingLounge™ uses a range of technical analysis tools, software and basic fundamental analysis as well as economic forecasts aimed at minimizing the potential for loss.
The advice we provide through our TradingLounge™ websites and our TradingLounge™ Membership has been prepared without considering your objectives, financial situation or needs. Reliance on such advice, information or data is at your own risk. The decision to trade and the method of trading is for you alone to decide. This information is of a general nature only, so you should, before acting upon any of the information or advice provided by us, consider the appropriateness of the advice considering your own objectives, financial situation or needs. Therefore, you should consult your financial advisor or accountant to determine whether trading in securities and derivatives products is appropriate for you considering your financial circumstances.
Editors’ Picks
EUR/USD consolidates gains below 1.1100 ahead of US data
EUR/USD trades in a narrow channel slightly below 1.1100 in the second half of the day on Friday, following the sharp rebound seen on Thursday. The US economic docket will feature UoM Consumer Sentiment data for September.
GBP/USD holds pulls away from daily highs, holds above 1.3100
GBP/USD struggles to build on Thursday's gains but holds comfortably above 1.3100 in the early American session on Friday. Growing expectations for a large Fed rate cut at next week's meeting doesn't allow the USD to gather strength ahead of the weekend.
USD/JPY recovers a few pips after refreshing YTD low, remains heavily offered below 141.00
USD/JPY remains under some selling pressure on Friday and hits a fresh YTD low. The divergent Fed-BoJ policy expectations continue to weigh heavily on the pair. Investors look to Fed and BoJ meetings next week for a fresh directional impetus.
Editors’ Picks
EUR/USD consolidates gains below 1.1100 ahead of US data
EUR/USD trades in a narrow channel slightly below 1.1100 in the second half of the day on Friday, following the sharp rebound seen on Thursday. The US economic docket will feature UoM Consumer Sentiment data for September.
GBP/USD holds pulls away from daily highs, holds above 1.3100
GBP/USD struggles to build on Thursday's gains but holds comfortably above 1.3100 in the early American session on Friday. Growing expectations for a large Fed rate cut at next week's meeting doesn't allow the USD to gather strength ahead of the weekend.
Gold climbs to new record-high above $2,570 as media revives debate over Fed rate cuts
Gold trades slightly below $2,570 after setting a new record-high of $2,573 earlier in the day. The benchmark 10-year US Treasury bond yield stays in negative territory below 3.7% as markets reassess the odds of a large Fed rate cut, helping XAU/USD hold its ground.
Bitcoin and Ethereum traders could watch this signal for the next bull run
Crypto mining is the process by which new Bitcoin and Ethereum enter circulation. Data from crypto intelligence tracker shows that wallets of Bitcoin and Ethereum miners noted a decline in their holdings of the assets in the first half of the year.
European Central Bank widely expected to cut interest rates in September
The European Central Bank is expected to cut key rates by 25 bps at the September policy meeting. ECB President Christine Lagarde’s presser and updated economic forecasts will be closely scrutinized for fresh policy cues.
RECOMMENDED LESSONS
Making money in forex is easy if you know how the bankers trade!
Discover how to make money in forex is easy if you know how the bankers trade!
5 Forex News Events You Need To Know
In the fast moving world of currency markets, it is extremely important for new traders to know the list of important forex news...
Top 10 Chart Patterns Every Trader Should Know
Chart patterns are one of the most effective trading tools for a trader. They are pure price-action, and form on the basis of underlying buying and...
7 Ways to Avoid Forex Scams
The forex industry is recently seeing more and more scams. Here are 7 ways to avoid losing your money in such scams: Forex scams are becoming frequent. Michael Greenberg reports on luxurious expenses, including a submarine bought from the money taken from forex traders. Here’s another report of a forex fraud. So, how can we avoid falling in such forex scams?
What Are the 10 Fatal Mistakes Traders Make
Trading is exciting. Trading is hard. Trading is extremely hard. Some say that it takes more than 10,000 hours to master. Others believe that trading is the way to quick riches. They might be both wrong. What is important to know that no matter how experienced you are, mistakes will be part of the trading process.
Moneta Markets review 2024: All you need to know
VERIFIED In this review, the FXStreet team provides an independent and thorough analysis based on direct testing and real experiences with Moneta Markets – an excellent broker for novice to intermediate forex traders who want to broaden their knowledge base.