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
EUR/USD pierces 1.1655 resistance as firmer sentiment weighs on USD
EUR/USD is holding higher ground above 1.1650 ahead of the German IFO survey. Weaker US Treasury yields, risk reset weigh on US dollar. ECB, US GDP in focus but China headlines, Fed tapering concerns will lead the sentiment.
GBP/USD: Buyers defends 1.3750 below 100-day SMA
GBP/USD edges higher on the first trading day of the week in the Asian trading hours. The pair faces strong resistance near 1.3850 below the bearish sloping line. MACD signals sideways momentum with the underlying neutral sentiment.
USD/JPY remains depressed below 113.50 amid weaker US dollar
USD/JPY moves lower for the fourth straight day on Monday following the consistent downward pressure on the US dollar. The pair retreated from the highs of 2018 high near 114.69 on Wednesday. Investors discount interest rate hike expectations amid Powell's comment.
Editors’ Picks
EUR/USD pierces 1.1655 resistance as firmer sentiment weighs on USD
EUR/USD is holding higher ground above 1.1650 ahead of the German IFO survey. Weaker US Treasury yields, risk reset weigh on US dollar. ECB, US GDP in focus but China headlines, Fed tapering concerns will lead the sentiment.
GBP/USD: Buyers defends 1.3750 below 100-day SMA
GBP/USD edges higher on the first trading day of the week in the Asian trading hours. The pair faces strong resistance near 1.3850 below the bearish sloping line. MACD signals sideways momentum with the underlying neutral sentiment.
EUR/USD pierces 1.1655 resistance as firmer sentiment weighs on USD
EUR/USD is holding higher ground above 1.1650 ahead of the German IFO survey. Weaker US Treasury yields, risk reset weigh on US dollar. ECB, US GDP in focus but China headlines, Fed tapering concerns will lead the sentiment.
SafeMoon price presents a buy opportunity before 35% gains
SafeMoon price coils up under a crucial resistance level at $0.00000239. A sudden burst in buying pressure that shatters this barrier can kick-start a 35% ascent. In some cases, SAFEMOON could pull back to $0.00000198 or $0.00000175 support floors.
Wall Street Week Ahead: Huge week of earnings ahead AAPL, MSFT, GOOGL, AMZN, FB
Equity markets remain elevated with more all-time highs on Thursday for the broader S&P 500 while the Dow registered new highs on Wednesday and Thursday. So far late into Friday's session, the markets are seeing some profit-taking to end a solid week.
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