I’ve never been so wrong about a pattern as I was about the Dow Utilities earlier this year. This diamond was straight out of Technical Analysis 101. It was beautiful.

Short term Elliott Wave view on EURJPY suggests cycle from 8.16.2024 high ended at 155.14 as wave A. Internal subdivision of wave A unfolded as 5 waves impulse.

The EURUSD pair has encountered a roadblock, failing to breach the 1.1201 resistance level and subsequently retreating from 1.1188 to 1.1068.

Gold price (XAU/USD) attracts some dip-buying during the Asian session on Thursday and for now, seems to have stalled its retracement slide from the $2,600 mark, or a fresh all-time peak touched the previous day.

West Texas Intermediate (WTI) Oil price retraces its recent losses from the previous session, trading around $69.50 per barrel during the Asian hours on Thursday.

Silver is Bullish and the key resistance levels are $32 and $35. Don’t expect $50 to come into play until the second half of 2025.

The FED delivered a 50 bps cut today, which initially got a swift but extremely short lived drop before the algorithms jumped in. Today's trading activity did put some clarity towards which of the EW choices the markets are taking.

Fed easing can open the door for Asian central Banks to follow. Australian labour data today.

Markets were wild after FOMC cut rates this afternoon…But hidden inside that messy price-action is (1) obvious clue, telling us this BEAR TRAP could be our biggest win of the week!

In this video, Ira Epstein reviews the activity in the Financial Markets after the day that just ended, Wednesday, September 18.

As the Fed did do the 50 basis point rate cut, with just one dissenter at the FOMC meeting. The Fed Chairman tended to moderate his comments accordingly; indicating more work to do; but dismissed inflation pressures from labor, and so on.

On September 17, Tupperware Brands Corporation filed for Chapter 11 bankruptcy protection in the United States. The company’s debt had ballooned to over $700 million, and sales had been steadily declining.

The USD/CAD pair posts modest gains around 1.3605 during the early Asian session on Thursday.

Get Elliott Wave analysis of major indices (S&P 500, NASDAQ 100, Russell 2000, DAX 40, FTSE 100, ASX 200) and understand the Fed’s rate cut to 5%. Discover market impacts, investment opportunities, and expert trading strategies.

The Federal Reserve is set to cut interest rates for the first time in four years. And there’s one sector that is about to soar even higher … homebuilders.

Today’s move in the S&P 500 created a 2B top. The rally pushed well above the July 16 highs, only to close lower and below those previous highs. In my experience, 2B tops have worked fairly well, though not always.

GBP/USD hit a fresh 30-month high on Wednesday, pushed within inches of the 1.3300 handle after the US Federal Reserve (Fed) trimmed interest rates by a jumbo 50 bps and chalking in the US central bank’s first rate cut in over four years.

Today went pretty much as expected.

A one percentage point reduction in the 10 year yield results in a 0.75 percentage point reduction in mortgage rates upon impact.

There has been a lot of market volatility lately, but this stock is unaffected by it and keeps churning out strong returns.