Summary
In this webinar Grega Horvat will talk about The Elliott Wave Theory and present some simple rules and guidelines of the wave principle that can improve your trading. He will cover: - Corrective Waves: rules and guidelines - Impulsive Waves: rules and guidelines - What is confirming price action to pull a trigger - Past examples of trade set-ups - Live analysisLatest Live Videos
Editors’ Picks
Gold rebounds from monthly-low, stays below $4,800
Gold recovers from the monthly low it touched near $4,400 at the weekly opening but remains in negative territory below $4,800. The precious metal continues its downtrend after reaching historic highs last week as Kevin Warsh's nomination as the next Fed chair eases concerns over the US central bank’s independence, bolstering the US Dollar recovery. US ISM PMI Manufacturing PMI data is awaited.
EUR/USD holds above 1.1850 ahead of US data
EUR/USD stabilizes above 1.1850 after suffering heavy losses to end the previous week. The pair remains vulnerable to further downside as the US Dollar stays firm following President Donald Trump’s nomination of Kevin Warsh as the next Fed Chair. The focus now shifts to the US ISM Manufacturing PMI data.
GBP/USD recovers to 1.3700 region following earlier drop
GBP/USD clings to small daily gains near 1.3700 after sliding toward 1.3650 earlier in the day. Traders weigh what a Federal Reserve under Kevin Warsh might look like, helping the US Dollar stay resilient against its peers and limiting the pair's upside ahead of the ISM Manufacturing Purchasing Managers Index report from the US.
Cardano dips below $0.28 as bears eye October 2023 lows
Cardano price trades in red, slipping below $0.28 at the time of writing on Monday, following a correction of more than 15% in the previous week. The broader crypto market remains under pressure, with Bitcoin slipping below $75,000 on Monday.
Warsh effect ripples through markets, central banks on deck this week
The first full month of the year is behind us, and, honestly, it has been rather more dramatic than most had anticipated when toasting the New Year. We wrapped up last week with US President Donald Trump announcing his Fed Chair pick.
Here is what you need to know on Monday, February 2:
Gold and Silver start the new week under heavy selling pressure after suffering huge losses on Friday. The US economic calendar will feature the Institute for ISM Manufacturing PMI report for January later in the day and investors will keep a close eye on comments from Fed policymakers.