Elliott Wave Technical Analysis: U.S. Dollar/Swiss Franc - Wednesday, July 24
The current market movement is classified as a counter trend, indicating a corrective phase rather than a continuation of the primary trend.
Two Trades To Watch: USD/JPY, EURUSD Forecast
USD/JPY falls to a monthly low. EUR/USD falls after PMI data missed forecasts.
The Yen Is The Talk Of The Town
The yen is basking in the glow of this week's risk-off mood, especially as emerging market equity indices seem to be having a bit of a meltdown.
July PMIs Point To A Very Sluggish Eurozone Recovery
The July PMIs show that the Eurozone economy is losing further momentum, as both the manufacturing and services sectors see activity slowing.
EUR/USD hangs near two-week low, below mid-1.0800s ahead of Eurozone PMIs
EUR/USD drifts lower for the second straight day and drops to a nearly 2-week low. The ECB’s dovish outlook continues to undermine the EUR and exerts some pressure. September Fed rate cut bets cap the USD and should lend support ahead of flash PMIs.
SP500 Daily Trade Plan - Wednesday, July 24
In this update we review the recent price action in the emini SP500 futures contract and identify a trade plan for the trading day ahead.
Oil Falls Amid Possible Truce Between Israel And Hamas
API data showed a 3.9 million barrel decline in inventories last week, marking the fourth straight week of decline and exceeding market estimates of a 2.5 million barrel drop.