As Asia ushers in the new trading month for global markets, there is a keen focus on manufacturing PMI data from the continent’s major economies. Investors are anticipating a shift in interest rates from the U.S. and other countries, which could have a significant impact on market trends. Key indicators to monitor include factory activity
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In our recent assessment of the NASDAQ 100 (NDX), QQQ ETF, SP500 (SPX), SPY, Apple (AAPL), Tesla (TSLA), Amazon (AMZN), Nvidia (NVDA), Microsoft (MSFT), Meta Platforms (META), Netflix (NFLX), and Alphabet (GOOGL), we have identified a potential Elliot Wave pattern. Our analysis suggests that we are currently witnessing the development of Wave iii of (i)
The Australian housing market has shown remarkable resilience in the face of various economic challenges. Despite high interest rates, cost of living pressures, and consumer pessimism, home prices in Australia have continued to climb steadily. According to data from property consultant CoreLogic, national home prices rose by 0.8% in May, marking the sixteenth consecutive month
With the changing landscape of the job market, many companies are moving towards a new form of hiring that focuses more on the skills of applicants rather than traditional metrics such as education or years of experience. Recent reports and data show a significant shift in the hiring processes of many organizations, indicating a trend
Doconomy, a Swedish fintech startup, has recently secured 34 million euros in funding from major European banks, such as UBS and CommerzVentures. This influx of cash, obtained through a Series B financing round, highlights the increasing importance of climate-focused financial technology in the industry. Doconomy offers innovative tools that enable bank customers to measure the
The outlook for British home prices is a topic of much discussion among housing market specialists. According to a recent poll conducted by Reuters, experts anticipate a modest rise in home prices this year. The projected 1.8% increase for 2024 is expected to outpace overall inflation, indicating a positive trend in the housing market. This
While clean energy stocks may be facing challenges in the public market, the private market is showing a great appetite for companies focused on decarbonization. Clean Energy Ventures recently raised $305 million for its second fund, exceeding the initial target of $200 million. Limited partners like The Grantham Foundation and Builders Vision showed strong interest,
The silver price continues to climb, reaching $32.25 in the European session with a 0.50% increase. This upward trend is largely attributed to the rising industrial demand for silver, particularly in sectors such as photovoltaics. The Silver Institute projects a 9% increase in industrial demand for silver, indicating a positive outlook for the white metal.
In recent years, there has been a noticeable shift in the preferences of Chinese travelers, with many opting for domestic destinations over international tourist spots. This change in behavior is reflected in a survey conducted by consulting firm Oliver Wyman, which found that only 14% of high-income households in mainland China, earning at least 30,000
The recent rise in the price of WTI crude oil, as indicated by the chart, can be attributed to several key factors. Firstly, the upcoming OPEC+ meeting scheduled for 2 June has created a sense of optimism among investors. Additionally, expectations of high fuel demand due to the start of the summer driving season and
As per the Short Term Elliott Wave analysis of Nasdaq Futures (NQ), the rally from the low on 4.19.2024 is believed to be progressing as an impulse. The wave ((i)) concluded at 17949, followed by a dip in wave ((ii)) which ended at 17386. The market then extended higher in wave ((iii)) with internal subdivision
The GBP/USD pair is currently experiencing a surge in bullish momentum as it climbs above the 1.2700 zone. This increase is supported by a key rising channel with resistance at 1.2785 on the 4-hour chart. The British Pound has managed to form a base above the 1.2640 zone against the US Dollar, indicating a potential