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 skyrockets to 1.2150 on poor US jobs figures
EUR/USD has hit a new multi-month peak above 1.2150 after the US reported an increase of only 266,000 jobs in April against nearly one million expected. The dollar is under immense pressure.
GBP/USD soars toward 1.40 after disappointing Nonfarm Payrolls
GBP/USD has been extending its gains after the US Nonfarm Payrolls badly disappointed with an increase of only 266,000 jobs in April, nearing 1.40. Earlier, sterling benefited from the UK Conservative Party's gains in local elections.
USD/JPY collapses to 108.30, rebounds afterwards
USD/JPY plummets to weekly lows near 108.30. The leg lower was accompanied by the drop in US yields. US Nonfarm Payrolls disappointed expectations in April.
Editors’ Picks
EUR/USD skyrockets to 1.2150 on poor US jobs figures
EUR/USD has hit a new multi-month peak above 1.2150 after the US reported an increase of only 266,000 jobs in April against nearly one million expected. The dollar is under immense pressure.
GBP/USD soars toward 1.40 after disappointing Nonfarm Payrolls
GBP/USD has been extending its gains after the US Nonfarm Payrolls badly disappointed with an increase of only 266,000 jobs in April, nearing 1.40. Earlier, sterling benefited from the UK Conservative Party's gains in local elections.
XAU/USD soars above $1,835 after weak Nonfarm Payrolls
Gold has leaped above $1,835 after the US reported an increase of only 266K jobs in April, far below expectations. Lower US yields support the precious metal.
Judge reaffirms order SEC must produce documents on Bitcoin, Ether and XRP in Ripple case
Ripple's victory granted the firm access to the SEC's documents on the three leading cryptocurrencies. The regulatory agency recently denied the possession of these documents.
S&P 500 and Nasdaq: Can the Fed pump anymore after weak jobs report
Well, that was an interesting jobs report. Not too many people were forecasting that one. Just in case you missed it NFP were forecast to come in around the 1 million jobs gained but instead the US only added 266k.
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