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Forex
Stocks hover near record highs ahead of Nvidia earnings
The S&P 500 moved close to its all-time high again - will the rally continue?
On Tuesday, the S&P 500 index closed 0.41% higher, retracing Monday’s…
Equities report: Fed in
Since the start of the week the NASDAQ and the S&P500 have moved higher. We are to review the release of the Fed Chair Powell’s speech on Friday, the…
US economy grows 3.3% in Q2 vs. 3.1% expected
The United States' Gross Domestic Product expanded at an annual rate of 3.3% in the second quarter, the US Bureau of Economic Analysis (BEA) announced on Thursday. This print came…
US PCE inflation: Why the Fed looks beyond CPI
As markets eagerly await Friday's release of the latest Personal Consumption Expenditures (PCE) Price Index figure, the US Federal Reserve's (Fed) preferred…
US Dollar Index drops to near 98.00 amid caution ahead of US PCE inflation data
The US Dollar Index faces slight selling pressure ahead of the US PCE inflation data for July on Friday.Traders are confident that the Fed will cut interest…
Apple Inc. ($AAPL) blue box area offers a buying opportunity
In today’s article, we’ll examine the recent performance of Apple Inc. ($AAPL) through the lens of Elliott Wave Theory. We’ll review how the rally from the…
US: Initial Jobless Claims dropped to 229K last week
Initial Jobless Claims fell to 229K vs. the previous week.Continuing Jobless Claims decreased to 1.954M.According to a report from the US Department of Labour…
Elliott Wave outlook: Nvidia (NVDA) targets 189+ in wave 5 completion
Nvidia (NVDA) aims to advance in wave (5), targeting $189 or higher. The rally to $185.22 completed wave (3). A pullback in wave (4) formed a zigzag Elliott…
Gold declines amid profit-taking, US GDP data in focus
Gold price edges lower in Thursday’s early European session.Worries over the Fed’s independence might limit the downside for the Gold price. The second…
Using leverage in your Forex strategy: Opportunity or trap?
In the world of Forex, one of the most powerful and riskiest tools is leverage. It attracts many investors by promising to amplify potential gains with a…