Peter Kendall of Elliott Wave International joins John O’Donnell and Merlin Rothfeld for the Weekend Edition of Power Trading Radio to talk about Elliott Wave principles.These waves not only impact the financial markets, but can be applied to social elements like Music, Art, Movies and more. This discussion of Socionomics looks at how these trends are working now and how they may drive markets going forward.
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Editors’ Picks
When is the RBNZ and how it could affect NZD/USD?

NZD/USD remains pressured towards 0.6300 during the three-day downtrend, down 0.15% intraday at 0.6335 by the press time, as Kiwi buyers brace for the 0.50% rate hike amid a sluggish Asian session on Wednesday.
AUD/USD struggles above 0.7000 as traders await Aussie Wage Price Index, FOMC Minutes

AUD/USD portrays the market’s anxiety as it seesaws around 0.7020 ahead of the key Australia wage price data and the FOMC meeting minutes on early Wednesday in Asia. The risk barometer pair dropped during the last two days amid recession.
Gold stays pressured towards $1,755 ahead of Fed Minutes

Gold price prints a three-day downtrend as it grinds lower around $1,775 during the initial hours of Wednesday’s Asian session. In doing so, the precious metal fades the late Tuesday’s bounce off $1,772 as traders turn cautious ahead of today’s key FOMC meeting minutes.
Solana: How high can the X-wave rally?

Solana price has fallen into a supportive level on the Relative Strength Index on larger time frames. Solana price could rally an additional 80% under conservative macro conditions. Invalidation of the uptrend scenario is a breach of the low at $25.78.
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