Gold Achieves Strongest Quarter in 8 Years: Geopolitics and China’s Stimulus Fuel Surge
When panic strikes the markets, investors close their risky positions and return, chastened, to the instrument that hasn’t failed them for decades: gold. Recent weakening of the US dollar, China’s…
USD/JPY: Elliott wave analysis and forecast for 04.10.24 – 11.10.24
The article covers the following subjects: Highlights and key points Main scenario: once the correction ends, consider long positions above the level of 141.63 with a target of 151.51 –…
Oil prices set for 10% weekly rise as Middle East tensions heat up
By Ahmad Ghaddar and Arunima Kumar LONDON (Reuters) -Oil prices rose sharply on Friday, and were on track for 10% weekly gains as investors weighed the prospect of a wider…
GBP/USD: Elliott wave analysis and forecast for 04.10.24 – 11.10.24
The article covers the following subjects: Highlights and key points Main scenario: once the correction ends, consider long positions above the level of 1.2986 with a target of 1.3600 –…
UBS sees limited USD gains amid global events
Pro-growth currencies have struggled recently, but the upcoming economic data and central bank meetings are expected to curb further gains in the USD, UBS noted while providing insights into recent…
EUR/USD: Elliott wave analysis and forecast for 04.10.24 – 11.10.24
The article covers the following subjects: Highlights and key points Main scenario: consider long positions from corrections above the level of 1.0773 with a target of 1.1400 – 1.1600. A…
Oil Breaks the Trend. Forecast as of 04.10.2024
Until October, sellers dominated the oil market amid a slowing global economy and rising production outside OPEC+. However, the escalation of conflict in the Middle East has changed the game…
USD/CHF: Elliott wave analysis and forecast for 04.10.24 – 11.10.24
The article covers the following subjects: Highlights and key points Main scenario: consider short positions from corrections below the level of 0.8558 with a target of 0.8200 – 0.8000. A…
Morning Bid: Jobs and oil dominate as ports strike ends
A look at the day ahead in U.S. and global markets from Mike Dolan Wall Street has weathered an edgy start to the final quarter reasonably well this week, with…
USD/СAD: Elliott wave analysis and forecast for 04.10.24 – 11.10.24
The article covers the following subjects: Highlights and key points Main scenario: consider short positions from corrections below the level of 1.3638 with a target of 1.3205 – 1.2981. A…
