The European and US indices rebounded on Monday, though the rebound was probably not based on high conviction, but looked more like the correction of last week’s decent selloff. The European Stoxx 600 rebounded to flirt with the 50-DMA resistance, but the investor confidence index unexpectedly worsened in September, the British FTSE 100 recorded the […]
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Fed is expected to cut rates, but is it too late to the game? Intense speculation about size of cut as markers lean towards 50 bps New dot plot will also be crucial in Wednesday’s Read more…
EURJPY rebounds off 155.15 Immediate resistance at downtrend line RSI and MACD look negative EURJPY held losses for the second week in a row, dropping towards the 155.15 support, which stands slightly above the more-than-seven-month Read more…
Short term Elliott Wave view on Nasdaq (NQ) shows that rally from 8.5.2024 low is unfolding as a 5 waves impulse. Up from 8.5.2024 low, wave (1) ended at 20025.25. Pullback in wave (2) ended Read more…