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US NFP: Another Round Of Good Data?
Firstly there is the effect of the end of enhanced unemployment benefits. And secondly, how the NFP results will affect the Fed’s outlook.
BABA 5-Wave Impulse Expected To Begin
The 1H timeframe of BABA suggests a primary degree zigzag ⒶⒷⒸ.
Intraday Market Analysis – Gold Awaits Breakout
Intraday Market Analysis – Gold Awaits Breakout
What To Expect From Today’s OPEC Meeting
Economists expected today’s OPEC meeting to be a non-event. Then on Monday, the Kuwaiti minister suggested that OPEC might not “roll over” their planned production increases. And that agitated the market.
EURUSD Could Have Reversed
Analysts expect the EURUSD pair to ascend as part of its final 5th wave.
Intraday Market Analysis – USD Sees Limited Rebound
The US dollar continues to soften from weaker-than-expected consumer sentiment in August.
European Manufacturing PMIs Expected To Show Less Optimism
Tomorrow is the first of the month and the day arrives with a treasure trove of data from Europe. Given the importance of the figures’ release, we can expect some extra volatility in the pound and euro pairs.
USDCHF Zigzag Could Print Fresh Highs
The current USDCHF formation hints at a double zigzag Ⓦ-Ⓧ-Ⓨ in cycle wave y. Currently, the last primary wave Ⓨ is under development.
Intraday Market Analysis – Dow Jones Tests All-Time High
The Dow Jones 30 index holds near its historic high on upbeat investor sentiment. The break above 35330 has signaled the bulls’ commitment to maintain the upward bias, while 35200 is fresh support.
AMZN: Primary Correction ④ Could Have Ended
Amazon’s shares moved in a sideways range since last year, forming a primary degree correction in wave ④. The ranging market has taken a triple-three structure which consists of intermediate sub-waves (W)-(X)-(Y)-(X)-(Z).
What Does Hurricane Ida Mean For Crude Markets?
Last night, Hurricane Ida hit Louisiana square in the middle of the heart of US oil transport and refining.
Intraday Market Analysis – USD's Struggle For Support
The US dollar tumbled after Fed Chairman Jerome Powell said it was too early to withdraw support. The pair has seen solid buying interest at the daily support (1.3600).
AAPL Final Leg Of Primary Correction ④
The AAPL formation hints at a large cycle wave a. This takes the form of an ①-②-③-④-⑤ impulse of the primary degree.
The Week Ahead – Jobs Numbers To Gauge Wind Direction
The US dollar resumes its rally as the Fed maintains its optimism about the economic recovery. The market’s recent jitters are a sign of indecision as traders navigate amid mixed data and statements.
European Data Day And Potential Market Volatility
Monday could be pretty interesting for European markets, and there is a chance of a strong move in the early European session.
Intraday Market Analysis – USD Awaits Catalyst-Breakout
The Japanese yen weakened after a lower-than-expected Tokyo CPI in August. The US dollar is grinding its way back up after the mid-month correction.
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