At Wednesday’s close, the Dow Jones Industrial Average (US30) was up 0.31%, while the S&P 500 Index (US500) added 1.07%.

August’s year-over-year increase in headline CPI (consumer price index) was the slowest since March 2021. The 2.5-percent annual pace compares with the four-decade high of 9.1 percent which was hit in June 2022.

In this update we review the recent price action in the emini SP500 futures contract and identify a trading plan and price objectives for the trading session ahead.

In our new video analysis, I will discuss the USD/JPY and why I believe it plays a crucial role in determining the next direction for stocks.

We are analyzing the potential bottom of a prolonged wave (4), as DE has approached the $400 level. We expect further upward movement to confirm the overall bullish bias.

The USD/JPY exchange rate continued its downtrend ahead of upcoming interest rate decisions from the Bank of Japan and the US Federal Reserve.

The US dollar is narrowly mixed against the G10 currencies. The dollar bloc, Japanese yen, and Swiss franc are sporting slightly softer profiles, while the European currencies enjoy a firmer today.

The price of Ethereum climbed to a new weekly high this morning at the $2397 level

Natural Gas is currently recovering from its August 2024 low, but technical indicators suggest that the commodity may soon face resistance, continuing the bearish trend from its June 2024 high.

EUR/GBP continues rising in a shallow channel. It will probably extend unless there is a breakout one way or another.

S&P 500 reacted with a brief selloff following the steep yoy CPI decline (2.5% vs prior 2.9% is pretty meaningful), only to suck in bulls for a rug pull following the opening bell.

The EUR/JPY pair is one I am watching very closely.

Today you will see GOLD price prediction based on the technical analysis. What is the support and resistance on the daily time frame for XAUUSD. What to expect where the price will breakout for the XAUUSD based on the supply and demand zones.

Elliott Wave analysis of S&P 500, NASDAQ 100, and more ahead of the Federal Reserve meeting. Explore potential market moves with two wave scenarios and key data like PPI figures, plus insights from stocks like Amazon and Microsoft.

The political landscape is also playing a role, with the recent presidential debate boosting solar stocks and pressuring crypto firms, possibly due to differing regulatory or fiscal outlooks between the candidates.

XRP price is holding gains above the $0.5250 level. The price is now trading in a tight range and might soon attempt a move above the $0.550 resistance.

The increase comes as China, the world's largest source of carbon dioxide emissions by a widening margin, has stated its emissions have not peaked and will continue to increase.

AUD/USD attracts some intraday sellers on reports that China will cut mortgage rates this month. Diminishing odds for a larger Fed rate cut underpins the USD and further contributes to the slide.

The Japanese yen is being a significant safety currency, while the Canadian dollar focuses more on commodities, specifically oil.

The BTC/USD pair has been in a tight range in the past few weeks. In this period, it has remained below the key resistance point at 60,000 and the 50-day and 200-day Exponential Moving Averages (EMA).