Judson

Hello fellow traders. In this technical article, we are going to present Elliott Wave trading setup of Bank of America (BAC) . The stock completed its corrective decline precisely at the Equal Legs area, also known as the Blue Box. In the following sections, we’ll break down the Elliott Wa

Markets With most ‘official’ US data releases suspended due to the government shutdown, markets (and the Fed) now have to rely on the likes of the ADP private jobs report and ISMs. By the way, if the shutdown continues, most of this month’s market relevant US data might already be published after to

If any doubts remained about whether the Federal Reserve will be lowering its key interest rate later this month, the budget loggerheads a few blocks away in the nation's capital may have cemented the move. Particularly if the impasse stretches out past a few days, Chair Jerome Powell and his fellow

The Dow Jones shed around 150 points on Tuesday as investors brace for a government shutdown.Equity market momentum has drained away, but indexes are still heading for a stellar September performance.The latest US NFP jobs report could be delayed if the federal government can’t pass a budget. The Do

The Reserve Bank of Australia held rates unchanged and struck a moderately hawkish tone in the statement and press conference. AUD/USD targets 0.68 in the fourth quarter "Governor Michele Bullock reiterated increased concerns about price stickiness, despite admitting to monthly CPI volatility. The s

Euro (EUR) is likely to trade in a range of 1.1700/1.1755. In the longer run, a clear break above 1.1760 would indicate that EUR could trade above last week’s low of 1.1645 for a while, UOB Group's FX analysts Quek Ser Leang and Peter Chia note. EUR might be rangebound for now 24-HOUR VIEW: "Last Fr

Federal Reserve (Fed) Board of Governors member Michelle Bowman pivoted deeper into the pro-rate-cut camp on Friday, noting that recent payroll revisions shows the Fed is even further behind the curve on interest rate cuts than previously estimated. Despite inflation metrics riding well above the Fe