Elliott Wave International Editorial Staff
Elliott Wave International
The stock market often seems to defy logic. Consider that good news is often followed by plummeting prices, and bad news is often followed by rising prices. Here's how to make sense of it all …
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Editors’ Picks
EUR/USD holding above 1.18 ahead of critical US data
EUR/USD is holding onto its gains, trading above 1.18 as the dollar remains on the back foot. ADP's US job report and the ISM Non-Manufacturing PMI provide critical clues toward the Non-Farm Payrolls. Fiscal stimulus talks and geopolitics are also in play.
GBP/USD trades around to 1.31 amid dollar weakness, ahead of data
GBP/USD is trading around 1.31, recovering as the dollar retreats. The UK government is under scrutiny for its management of the virus crisis. Services PMIs on both sides of the Atlantic are eyed.
USD/JPY bounces off weekly lows, holds steady near 105.70 area
USD/JPY witnessed some selling on Wednesday amid the heavily offered tone surrounding the USD. The upbeat market mood undermined the safe-haven Japanese yen and helped limit deeper losses. Investors now look forward to the US ADP report and ISM Non-Manufacturing PMI for some impetus.
Editors’ Picks
EUR/USD holding above 1.18 ahead of critical US data
EUR/USD is holding onto its gains, trading above 1.18 as the dollar remains on the back foot. ADP's US job report and the ISM Non-Manufacturing PMI provide critical clues toward the Non-Farm Payrolls. Fiscal stimulus talks and geopolitics are also in play.
GBP/USD trades around to 1.31 amid dollar weakness, ahead of data
GBP/USD is trading around 1.31, recovering as the dollar retreats. The UK government is under scrutiny for its management of the virus crisis. Services PMIs on both sides of the Atlantic are eyed.
USD/JPY bounces off weekly lows, holds steady near 105.70 area
USD/JPY witnessed some selling on Wednesday amid the heavily offered tone surrounding the USD. The upbeat market mood undermined the safe-haven Japanese yen and helped limit deeper losses. Investors now look forward to the US ADP report and ISM Non-Manufacturing PMI for some impetus.
BTC/USD is on the verge of a massive breakout towards $10,000 or $8,000
Bitcoin has already lost a significant portion of its dominance against other altcoins. After trading sideways for such a long time, many coins are taking advantage of the situation to create massive rallies.
XAU/USD bulls unstoppable, renews life-time highs near $2040
With ‘buy the dips’ emerging as the main underlying theme behind the gold (XAU/USD) price action so far this week, the bulls flex their muscles further to record fresh all-time highs near $2040.
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