Short Term Elliott Wave View in S&P 500 ($SPX) suggests that cycle from 8.5.2024 low is in progress as a 5 waves impulse. Up from 8.5.2024 low, wave (1) ended at 5651.62 and dips in Read more…
Markets A rising tide lifts all boats. Or in this case, a rising Chinese stock market lifts global risk sentiment. More fiscal spending, measures to stabilize the property sector, potential capital injections in the largest Read more…
In focus today In the euro area, focus today is on the September inflation data from Spain, France, and Belgium, which will give clues on the euro area data on Tuesday next week. We expect Read more…
The S&P 500 printed its 42nd record high this year yesterday on the back of a mix bag of economic and corporate news. First, the latest GDP data confirmed that the US economy grew 3% Read more…
Key Highlights USD/JPY started a decent increase above the 142.50 resistance. A key bullish trend line is forming with support at 144.00 on the 4-hour chart. Oil prices started another decline from the $73.50 resistance Read more…
It’s been a bit more than a week since the Federal Reserve cut its key interest rate for the first time in two years. And . . . mortgage rates haven’t changed much. In fact, Read more…
Daily Pivots: (S1) 0.6841; (P) 0.6873; (R1) 0.6927; More… Intraday bias n AUD/USD remains neutral for the moment, and more consolidations could be seen below 0.6907. But further rally is expected as long as 0.6782 Read more…
Risk-on sentiment continues to dominate global financial markets today, driven by widespread monetary easing and a significant boost from China’s latest stimulus measures. US equities finished strong overnight, with all major indexes posting gains. S&P Read more…
In a follow-up to Governor Pan Gongsheng’s earlier remarks this week, the People’s Bank of China announced today a 50bps cut in the reserve requirement ratio and a 20bps reduction in the seven-day reverse repurchase Read more…
Japan’s Tokyo CPI core (excluding fresh food) slowed from 2.4% yoy to 2.0% yoy in September, aligning with expectations and marking its lowest level since May. Headline CPI dropped to 2.2% yoy from 2.6% yoy Read more…