Australian Stock News 2022: Elliott Wave analysis; ASX 200 Index, AUDUSD, CBA, XMJ, BHP, RIO & FMG Technical Analysis Elliott Wave Trading Strategies.
Video Chapters:
00:00 ASX200 (XJO).
09:31 Commonwealth Bank (CBA).
10:54 NIFTY.
12:52 Resource stocks XMJ BHP FMG RIO.
14:39 Forex AUDUSD.
20:00 Thanks for watching!
ASX 200 Index Overview: Bullish Corrective pattern Elliott Wave Intermediate Wave (4).
ASX200 Elliott Wave (c) of ii) of C of (4).
ASX200 Trading Strategy: Corrective rally to 7500 then look for short trade set-ups.
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EUR/USD retreats to 1.0750, eyes on Fedspeak
EUR/USD stays under modest bearish pressure and trades slightly near 1.0750 on Wednesday. Hawkish comments from Fed officials help the US Dollar stay resilient and don't allow the pair to stage a rebound.
GBP/USD struggles to hold above 1.2500 ahead of Thursday's BoE event
GBP/USD stays on the back foot and trades in negative territory below 1.2500 after losing nearly 0.5% on Tuesday. The renewed US Dollar strength on hawkish Fed comments weighs on the pair as market focus shifts to the BoE's policy announcements on Thursday.
Gold fluctuates in narrow range below $2,320
After retreating to the $2,310 area early Wednesday, Gold regained its traction and rose toward $2,320. Hawkish tone of Fed policymakers help the US Treasury bond yields edge higher and make it difficult for XAU/USD to gather bullish momentum.
SEC vs. Ripple lawsuit sees redacted filing go public, XRP dips to $0.51
Ripple (XRP) dipped to $0.51 low on Wednesday, erasing its gains from earlier this week. The Securities and Exchange Commission (SEC) filing is now public, in its redacted version.
Softer growth, cooler inflation and rate cuts remain on the horizon
Economic growth in the US appears to be in solid shape. Although real GDP growth came in well below consensus expectations, the headline miss was mostly the result of larger-than-anticipated drags from trade and inventories.