USD/JPY is rising on the back of a strengthening US Dollar as traders grow more optimistic about the US economic outlook. US employment data out this week will be key in their evaluations and will probably impact the pair.

Wave ((ii))-navy appears to have ended, and wave ((iii))-navy may be unfolding to push higher. Target is at 141.82 high, while price must stay above 83.11 low to maintain this view. 

Over the weekend, Bitcoin’s price continued its bearish consolidation

Renewable energy producer EDP Renewables announced a new 20-year agreement with Microsoft through which the tech giant will purchase 100% of the renewable energy exported to the grid through EDPR’s SolarNova 8, the largest solar project in Singapore.

Silver Remains Bullish Despite A Slow Down, which we see it just as a correction within ongoing bullish trend by Elliott wave theory.

We are looking at a potential wave 1-2 in the making. We seem to be close to a bottom in wave 2 of (5), as we are now trading above TRadingLevel5 at 500$.

Pro-XRP commentator BarriC has sparked excitement in the XRP community with a bold claim: XRP’s long-awaited bull run will start in just 30 days. He’s confident that XRP’s current weak performance is only temporary.

The AUD/USD pair dropped significantly to 0.6764 at the start of the week, primarily driven by a strengthening US dollar rather than an inherent weakness in the Australian dollar itself.

AUD/USD is at a critical level for the uptrend. Whilst a recovery is possible, more downside could also signal a reversal. The pair has reached the top of a range at a similar level to where it rotated in July.

The NASDAQ daily chart, according to the Elliott Wave analysis, shows that the market is currently in a trending phase.

The breakdown is not surprising with a bigger role for inventory adjustment and a small push from consumption and investment. We see small room for any acceleration in the short term and our call is that average GDP growth will settle at 0.9% in 2024

GBP/USD breaks its three-day losing streak due to improved risk sentiment. July's US PCE Index data has diminished expectations of an aggressive Fed rate cut in September.

A sell-off in the price of oil and other pro-cyclical commodities into the end of last week has weighed on sentiment across the board.

US data this week should be a key determinant of whether the two-month dollar bear trend extends or whether the dollar merely drifts back into ranges seen over the last 18 months.

Oneok is developing a habit of surprising the market with their acquisitions. Last year’s deal with Magellan Midstream was roundly criticized, including by us, because of few obvious synergies and an unwelcome tax bill for MMP unitholders

The price traded very close to a new record high for 2024 last week, reaching a new 8-month high. The price then dropped quite hard as the US Dollar made a comeback towards the end of the week.

Oil prices are weaker on expectations that OPEC+ will stick to its plan to gradually increase supply, while demand is still a concern after China’s latest PMI data.

USD/CAD appreciates as commodity-linked CAD faces challenges due to lower Oil prices. WTI price falls as Eight OPEC+ members are set to raise production by 180,000 barrels per day in October.

China's Caixin Manufacturing Purchasing Managers' Index (PMI) jumped to 50.4 in August after recording 49.8 in July, the latest data showed on Monday.

The wave II correction seems to be over and the price is re-entering the main trend, so look for an opportunity to re-join the trend in an uptrend.