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In focus today In the US, ADP private sector employment growth will provide some early hints of what to expect from Friday’s NFP release – consensus expects a modest rebound from August. In the euro area, we receive the unemployment rate for August. Recently, we have seen the first signs of a cooling in the […]

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AUD/USD Struggles With Gains, Faces A Downturn

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GBPUSD Slips Near Strong Support of 1.3265

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06/03/2024

DAX Bullish Impulse Looks Incomplete

Short Term Elliott Wave View in DAX suggests that rally from 1.17.2024 low is in progress as a 5 waves impulse. Up from 1.17.2024 low, wave ((i)) ended at 17049.52 and dips in wave ((ii)) ended at 16834.94. Up from there, wave ((iii)) is in progress as a 5 waves impulse. Wave (i) ended at […]
22/07/2024

Gold Wave Analysis

Gold reversed from resistance area Likely to fall to support level 2350.00 Gold recently reversed down from the resistance area located between the pivotal resistance level 2440.00 (which stopped the previous waves 3 and 5, as can be seen below) and the upper weekly Bollinger Band. The downward reversal from this resistance area is likely […]
17/10/2024

Will ECB Give in to Soft Inflation, Stagnating Growth?

It’s yet another day of stimulus announcements in China, and another round of letdowns for investors. Chinese authorities today announced to almost double the amount it deployed to support what’s called ‘white list’ projects – we are talking about a 4 trillion yuan initiative to facilitate funding thousands of public and private projects in 170 […]