The EUR/USD exchange rate faces the risk of further losses in the coming days; however, the downward momentum is likely to fade.

GBP/JPY edges higher after wage data fails to meet expectations, undermining the Yen. Sterling maintains its steady march after the BoE’s chief economist urges caution in cutting interest rates.

Natural gas prices are basically holding up. There are real concerns about demand destruction in the aftermath of Hurricane Milton.

S&P 500 decline about to happen as the premarket rebound was losing steam around 5,780, generating quick intraday profits for clients.

In summary, the KOSPI Composite daily chart shows a bullish trend in progress, with orange wave 3 active following the completion of orange wave 2.

In the third quarter of 2024, PepsiCo faced challenges with a slight decline in net revenue, but managed to increase core EPS to $2.31.

Mortgage rates are falling. Estimates of median household income were revised significantly higher. Even new home sale prices fell in August 2024.

At this point in time, I think that if the market closes above the 200 Day EMA, breaking above the ¥110 level, it’s time to start buying.

USD/CAD revisits 1.3650 as the Canadian Dollar weakens amid uncertainty ahead of the employment data for September. The BoC is expected to extend its rate-cut cycle in November. Fed Kugler sees more rate cuts as appropriate.

Housing shortages and skyrocketing rental prices have become a major source of tension in many countries around the world.

Looking for a correction in wave {iv} to be near completion to the resume higher and complete higher degree wave 3, ideally at 80$.

ICE Brent managed to move above $81/bbl yesterday amid ongoing concerns in the Middle East. However, the rally faded this morning as China refrained from announcing any new supportive measures to boost the economy.

The euro fell to $1.0950, the weakest level since mid-August, due to the diverging monetary policies of the European Central Bank and the US Federal Reserve.

As of Tuesday, EUR/USD remains near a seven-week low, with the pair currently hovering around the 1.0984 mark as it attempts to stabilise.

Since the low at 15.53 wave ((iii))-navy is unfolding to push higher, aiming for targets as high as 20.00, it has itself subdivided into waves (i),(ii)-orange and they have ended, now it is time for wave (iii)-orange to unfold to push higher.

GBP/USD gains some positive traction and snaps a five-day losing streak to a multi-week low. A modest USD downtick lends support to the pair, though a combination of factors caps gains.

The S&P 500 pulled back just a bit during the trading session on Monday as we continue to see a lot of noisy trading overall.

Bitcoin held steady in the overnight session even as American stocks continued its downward trend. The BTC/USD currency pair rose to 64,505, its highest point since September 30th.

The rebound in German industrial production last month is not enough to take away the recession risk.

The AUDJPY Elliott Wave Analysis on the daily chart highlights a bearish trend currently in motion. The analysis is operating in an impulsive mode, suggesting that the market is undergoing a strong downward movement.