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
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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
The potential upcoming interest cut on 6 June from the ECB is likely to have been fully priced in by the markets. However, the forward guidance from ECB officials on the timing of subsequent rate cuts remains ambiguous. The consensus forecasts for the current Eurozone core inflation deceleration trend may have plateaued in May, leading
In the early hours of Monday, there was very minimal activity in the market. This can be attributed to the fact that it was Memorial Day in the United States and the British were also celebrating a bank holiday. As a result, a significant amount of liquidity was pulled out of the market, leading to
In a strategic move to expand its international reach and compete with China-based rivals such as PDD Holdings and Shein, Alibaba’s international e-commerce platform, AliExpress, has announced its biggest global brand ambassador partnership to date with soccer star David Beckham. This partnership comes at a crucial time when competition in the global e-commerce market is
The Indian economy is facing a significant slowdown in growth, with economists predicting that the GDP growth rate in the January-March quarter of 2022 will be the slowest in a year. The country’s gross domestic product (GDP) unexpectedly grew by 8.4% in the previous quarter, thanks to a sharp drop in subsidies. However, most economists
DocuSign, a leading contract management platform, is dedicated to maintaining its status as a public company. Despite speculation of takeover bids from private equity firms such as Bain Capital and Hellman & Friedman, the CEO Allan Thygesen affirms the company’s focus on independence. In a recent interview, Thygesen emphasized the importance of building a strong,
AUDCAD has continued its upward trajectory, surpassing the 0.9100 mark and reaching a 14-month high of 0.9125. Despite facing challenges in breaking through the multi-month high, technical indicators such as the RSI and MACD remain in positive territory. The RSI hovers just below the 70 level, while the MACD maintains its positive momentum above both
In the first quarter of 2024, global venture capital investment in cryptocurrency companies saw a resurgence, reaching $2.4 billion. This marks a significant increase from the previous quarter, which only saw $1.7 billion in investments. The data from PitchBook indicates a potential return of investor interest in the crypto market after a period of decline.
The EUR/USD pair has recently experienced a strong uptrend, breaking above key resistance levels at 1.0820, 1.0850, and 1.0895. This indicates a positive sentiment in the market for the Euro against the US Dollar. The pair is currently trading above the 200 simple moving average and the 100 simple moving average on the 4-hour chart,
The Federal Reserve is expected to release the minutes of its most recent meeting, shedding light on the prospects for future rate cuts in response to inflation pressures. Fed Chair Jerome Powell’s comments during the meeting indicated a likelihood of maintaining higher rates for a longer period. Furthermore, several Fed officials, including Raphael Bostic, Michael
China recently released economic data that highlighted a mixed bag of results. Retail sales saw a modest increase of 2.3% in April, falling short of the 3.8% forecasted by a Reuters poll. This sluggish growth was a concerning sign for the consumer side of the economy. On the other hand, industrial production surged by 6.7%