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Stock Market Report S&P 500,  NASDAQ 100,  RUSSELL 2000,  DAX 40,  FTSE 100,  ASX 200. Elliott Wave Technical Analysis

Update on Elliott Wave Analysis: Continue to build long positions through the TradingLevels in all Indices. The Elliott wave trend for the SP500 and Nasdaq 100 is from the large tech stocks, so we have a very clean consensus of the Elliott wave count and can expect this trend to continue well into next week and probably longer as Elliott Wave Minor 5

Video Chapters
00:00 SP 500 (SPX)
04:30 NASDAQ (NDX)
07:12 Russell 2000 (RUT)
08:51 DAX 40 (DAX)
10:48 FTSE 100 UKX (UK100)
14:06 ASX 200 (XJO)
16:17 End

Analyst Peter Mathers TradingLounge™ Australian Financial Services Licence - AFSL 317817
Source: tradinglounge com  Join & Learn 6 Elliott Wave from Experts

 

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Editors’ Picks

EUR/USD holds above 1.0650 ahead of US Retail Sales data

EUR/USD holds above 1.0650 ahead of US Retail Sales data

EUR/USD trades modestly higher on the day above 1.0650 in European trading on Monday. A broadly subdued US Dollar and improving risk appetite bode well for the pair, as markets assess geopolitical developments and await US data. 

EUR/USD News

GBP/USD recovers toward 1.2500 amid cautious optimism

GBP/USD recovers toward 1.2500 amid cautious optimism

GBP/USD gains traction and advances toward 1.2500 in the European session on Monday. The US Dollar struggles to gather strength on hopes over the Iran-Israel conflict de-escalating and helps the pair edge higher.

GBP/USD News

USD/JPY sits at multi-decade high near 154.00 as Japan's intervention risks loom

USD/JPY sits at multi-decade high near 154.00 as Japan's intervention risks loom

USD/JPY is sitting at multi-decade highs shy of 154.00 in the European session on Monday. The Japanese Yen continues to be undermined by the BoJ’s uncertain outlook about future rate hikes. Intervention fears and persistent geopolitical tensions could help limit losses for the safe-haven JPY. 

USD/JPY News

Editors’ Picks

EUR/USD holds above 1.0650 ahead of US Retail Sales data

EUR/USD holds above 1.0650 ahead of US Retail Sales data

EUR/USD trades modestly higher on the day above 1.0650 in European trading on Monday. A broadly subdued US Dollar and improving risk appetite bode well for the pair, as markets assess geopolitical developments and await US data. 

EUR/USD News

USD/JPY sits at multi-decade high near 154.00 as Japan's intervention risks loom

USD/JPY sits at multi-decade high near 154.00 as Japan's intervention risks loom

USD/JPY is sitting at multi-decade highs shy of 154.00 in the European session on Monday. The Japanese Yen continues to be undermined by the BoJ’s uncertain outlook about future rate hikes. Intervention fears and persistent geopolitical tensions could help limit losses for the safe-haven JPY. 

USD/JPY News

Gold struggles to hold above $2,350

Gold struggles to hold above $2,350

Following a bullish opening to the week, Gold went into a consolidation phase and retreated below $2,350 on Monday. Rising US Treasury bond yields and expectations of Israel avoiding a further escalation of the conflict with Iran weighs on XAU/USD.

Gold News

XRP price recovers from nearly eleven month low of $0.41 as developers propose native lending on XRPLedger

XRP price recovers from nearly eleven month low of $0.41 as developers propose native lending on XRPLedger

Ripple price recovered from weekend low of $0.4188, surged past $0.50 on Monday. XRPLedger developers have proposed a Native Lending Protocol to help Ripple establish a foothold in DeFi, lending and borrowing for users. 

Read more

Week ahead: Data from the US, UK and Canada in focus

Week ahead: Data from the US, UK and Canada in focus

Similar to Fed and ECB pricing, swaps traders have scaled back bets of rate cuts for the Bank of England (BoE’s) Bank Rate to below 50bps for the year.

Read more

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