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 stretches higher to test day highs at 1.1895
EUR/USD bounces up at 1.1840 to approach 1.1900 resistance area. The pair has bounced up from intra-day support at 1.1840 and is nearing resistance area in the vicinity of 1.1900. The euro appreciates against a weaker USD amid higher appetite for risk.
GBP/USD consolidates within pennant above 1.3350 as sterling awaits Brexit updates
GBP/USD is consolidating just above 1.3350 as sterling traders await further information on the state of Brexit talks. The pair has formed a short-term pennant, implying a breakout is likely, subject to fundamental confluence.
USD/JPY jumps to fresh weekly highs above 104.70 fueled by risk flows
USD/JPY is rising sharply in the early American session. Wall Street remains on track to open decisively higher. US Dollar Index turns positive on the day near 92.50.
Editors’ Picks
EUR/USD stretches higher to test day highs at 1.1895
EUR/USD bounces up at 1.1840 to approach 1.1900 resistance area. The pair has bounced up from intra-day support at 1.1840 and is nearing resistance area in the vicinity of 1.1900. The euro appreciates against a weaker USD amid higher appetite for risk.
GBP/USD consolidates within pennant above 1.3350 as sterling awaits Brexit updates
GBP/USD is consolidating just above 1.3350 as sterling traders await further information on the state of Brexit talks. The pair has formed a short-term pennant, implying a breakout is likely, subject to fundamental confluence.
USD/JPY jumps to fresh weekly highs above 104.70 fueled by risk flows
USD/JPY is rising sharply in the early American session. Wall Street remains on track to open decisively higher. US Dollar Index turns positive on the day near 92.50.
Bitcoin price majestically rockets past $18,000 as $20,000 beckons
Bitcoin rally is in full swing as investors anticipate a final leg up to $20,000. The flagship cryptocurrency has in the last couple of weeks broken key barriers to top $18,000 on Wednesday towards the end of the Asian session.
Gold consolidates above $1,800, hangs near four-month lows
Gold holds just above the $1,800 threshold while taking rounds close to four-month lows. The hopes of the US stimulus and recovery from the coronavirus (COVID-19) keep the gold bears hopeful. DJI30, S&P 500 closed at the record top, DXY eased.
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