ASX: V300AEQ ETF UNITS – VAS Elliott Elliott Wave Technical Analysis TradingLounge (1D Chart). Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with V300AEQ ETF UNITS – VAS. We see that wave 2-grey has ended and wave 3-grey is unfolding to push higher, sub waves are developing in the form of wave ((i)),((ii))-navy and have ended, Wave ((iii))-navy may be unfolding to push higher. ASX: VAS Elliott Wave technical analysis Function: Major trend (Minor degree, grey). Mode: Motive. Structure: Impulse. Position: Wave ((iii))-navy of Wave 3-grey. Details: The short-term outlook shows that wave ((ii))-navy has just ended and it seems that wave ((iii))-navy is opening to push higher, while price must always maintain above 94.64 to maintain this outlook. Invalidation point: 94.64. ASX: VAS four-hour chart analysis Function: Major trend (Minute degree, navy). Mode: Motive. Structure: Impulse. Position: Wave c-grey of Wave (ii)-orange of Wave ((iii))-navy. Details: The shorter term outlook shows that wave ((i))-navy has just ended at 94.64 and wave ((iii))-navy is unfolding, it is subdividing into wave (i)-orange and it’s over, now it’s time for wave (ii)-orange to open up to push a little lower, after which
Month: June 2024
Trading in the Asian session has been quiet today and is expected to remain so during the European session, given the empty economic calendar. However, Yen continues to be a significant focus among market participants. Discussions are emerging about the possibility of USD/JPY surging through the 160 level, which is currently perceived as the intervention
Fundamental Overview We got a bit of a pullback in the S&P 500 in the last few days. If we were to try to find a catalyst, the second miss in a row in the US Jobless Claims last Thursday could be it, but the data was still pretty good and not worrying in the
The aussie is the main mover so far today, pushing higher after hotter May inflation numbers here. That is reigniting talks of an RBA rate cut heading into August, with the Q2 CPI report at the end of July going to be a big one to watch. Besides that, major currencies are mostly little changed
Gold prices were flat on Wednesday as the dollar and Treasury yields held firm ahead of a key inflation reading due later this week, which could provide more clarity on the Federal Reserve‘s interest rate path. FUNDAMENTALS * Spot gold was unchanged at $2,319.14 per ounce, as of 0128 GMT. U.S. gold futures were flat
In this article FDX Follow your favorite stocksCREATE FREE ACCOUNT A pedestrian walks by a parked FedEx delivery truck on March 21, 2024 in San Francisco, California. Justin Sullivan | Getty Images FedEx shares soared more than 15% after hours Tuesday after the company reported results that topped analysts’ estimates in both earnings and revenue.
The US Dollar recouped part of the ground lost following Monday’s negative session along with a decent bounce in US yields, while expectations for a Fed rate cut in September and December remained in place among investors. Here is what you need to know on Wednesday, June 26: The USD Index (DXY) left behind Monday’s
Canadian Dollar jumps following after data showing that Canadian inflation unexpectedly accelerated in May. More importantly, the resurgence in price pressures was largely driven by significant increase in services inflation. The data aligns with BoC Governor Tiff Macklem’s cautious stance that the central bank should not ease monetary policy “too quickly.” Given this context, the
Fundamental Overview The USD last week finished slightly positive but overall, it was a pretty flat week. We got some great US PMIs on Friday which showed growth without inflationary pressures. In fact, despite the strong PMIs the market pricing for interest rates remained unchanged. That should be generally positive for risk sentiment going forward.
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Ahead of US economic data, gold prices of MCX August futures contracts opened flat at Rs 71,712 per 10 grams on Tuesday, while silver July futures contracts opened at Rs 88,858/kg falling by Rs 141 or 0.16%. On Monday, gold and silver settled on a mixed note in the international as well as the domestic
Michelle Bowman, governor of the US Federal Reserve, speaks during the Exchequer Club meeting in Washington, DC, US, on Wednesday, Feb. 21, 2024. Kent Nishimura | Bloomberg | Getty Images Federal Reserve Governor Michelle Bowman said Tuesday the time is not right yet to start lowering interest rates, adding she would be open to raising
The Japanese Yen extended gains as Japan’s Yoshimasa Hayashi stated that authorities would respond appropriately to excessive currency volatility. The JPY appreciated as Japanese authorities spent billions of dollars on a Yen-buying intervention. CME FedWatch Tool indicates 67.7% odds of a Fed rate cut in September, compared with 61.5% a week earlier. The Japanese Yen
Fundamental Overview The USD last week finished slightly positive but overall, it was a pretty flat week. We got some great US PMIs on Friday which showed growth without inflationary pressures. In fact, despite the strong PMIs the market pricing for interest rates remained unchanged. That should be positive for risk sentiment for the time
Major currencies are not doing much to start the day but I would expect the ranges to broaden in European trading. The overall risk mood remains more mixed, with tech shares sinking in Wall Street yesterday. The Dow ended higher by 0.7% but the Nasdaq slumped by 1.1%, led by a further drop in Nvidia.
Gold prices edged down on Tuesday, as investors await key U.S. inflation data due this week that could offer fresh clues on how soon the Federal Reserve can cut interest rates. FUNDAMENTALS * Spot gold was down 0.1% at $2,329.64 per ounce, as of 0114 GMT. U.S. gold futures also edged 0.1% lower to $2,342.00.
Canadian Dollar found room up top, bolstered by floundering Greenback. Canada to deliver update on CPI inflation on Tuesday. Risk appetite remains subdued as markets await signs of rate cuts. The Canadian Dollar (CAD) found some room on the high side on Monday, easing higher as the US Dollar softly receded across the board. Investors
USD/JPY attempt to break through the critical 160 level was unsuccessful for, as Yen recovered during a relatively quiet European session today. Although Yen surged briefly, there was no sustained selloff below the 159 mark against the greenback. The scale of the movement makes it challenging to determine if Japan intervened in the market. This
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