Jump to content

DAX 40, FTSE 100, STOXX 50, Dollar Index DXY, EURUSD - Elliott Wave Trading Strategies


Recommended Posts

DAX 40 Index Chart and Forecasts. FTSE 100 Index UKX, STOXX 50 Forex EURUSD DXY Dollar Index Elliott Wave Technical Analysis
European Stock Market Daily News Headlines: UK consumer sentiment hits record low as inflation soars
Elliott Wave Market Indices Summary: Wave 4 currently in Wave b) of 4 and Wave c) lower is still required.
Trading Strategy: Short trades for the DAX and Stoxx see video for trade signals

Video Chapters
00:00 DAX 40 (GDAXI) 
04:31 EURO STOXX 50
06:57 UKX / FTSE 100 
08:30 Forex EURUSD / DXY 
13:40 Thanks for watching!

Analyst Peter Mathers TradingLounge™ 

 

Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • General Statistics

    • Total Topics
      20,109
    • Total Posts
      88,188
    • Total Members
      69,099
    • Most Online
      7,522
      10/06/21 10:53

    Newest Member
    Ptuh
    Joined 05/10/22 04:54
  • Posts

    • S&P 500, Dollar, VIX Index, ISM, Employment and USDJPY Talking Points: The Market Perspective: USDJPY Bearish Below 141.50; Gold Bearish Below 1,680 Risk appetite continued its charge to star the new month with an impressive 3.1 percent Tuesday rally from the S&P 500 Fundamentals remain a serious contrast to market progress, and it is likely only a matter of time before the speculative charge meets reality   Oct 5, 2022  Written by John Kicklighter, Chief Strategist for DailyFX.com
    • Early Morning Call: US dollar settles as RBNZ sends hawkish message USD holds recent losses while NZD is up after the Reserve Bank of New Zealand (RBNZ) raised rates by 50bps as expected.      Jeremy Naylor | Writer, London | Publication date: Wednesday 05 October 2022  Equity markets overview US equity markets accelerated their rebound yesterday. The S&P 500 rose by 3.06% and posted its biggest two-day rise since April 2020. The Nasdaq ended the session 3.36% higher. In the Asia-Pacific region, Hong Kong’s Hang Seng trades close to 6% higher after returning from a holiday. RBNZ raises rates as expected As expected, the Reserve Bank of New Zealand (RBNZ) lifted its official cash rate by 50-basis points (bps) to 3.5%, an eighth increase in 12 months that took the bank's rate to a seven-year high. "The Committee agreed it remains appropriate to continue to tighten monetary conditions at pace to maintain price stability and contribute to maximum sustainable employment". RBNZ minutes showed there were talks around a 75 basis-point increase, but policymakers decided against this as rate hikes are slow to pass through to retail interest rates. Macro overview In Europe equity markets opened lower this morning after recording a strong session yesterday. France’s CAC40 outperformed the region, ending the session up 4.24%. In Germany, seasonally adjusted trade surplus narrowed to €1.2 billion, and imports increased more than expected by 3.4%. Exports also rose at a softer rate of 1.6%. i In the US, economists expect the ADP survey to announce 200,000 job creations in the private sector for the month of September. As for Friday’s Non-Farm Payrolls (NFP), 250,000 job creations are expected. Unemployment rate should remain at 3.7%, and average hourly earnings are anticipated to rise by 0.3% month-on-month (MoM) and 5.1% year-on-year (YoY). The market also awaits the latest US trade balance data for the month of August. Economists expect the US deficit to shrink to $67.7bn in August. At 3pm, ISM non-manufacturing PMI is forecast to fall to 56 in September from 56.9 the previous month. Tesco, Twitter Elsewhere on the equity market, Tesco PLC reported a 10% fall in adjusted operating profit, and maintained is profit guidance within the previously announced range, “albeit towards the lower end”. Billionaire Elon Musk has undertaken what appears to be a complete about turn and has now agreed to buy Twitter for the agreed $44bn. Twitter shares jumped 22% when investors learned Musk agreed to pay $54.20 per share. The surprise reversal comes just weeks before the two sides were due in court. Commodities Oil prices are little changed this morning after a second day of strong gains. WTI and Brent have been rallying as oil traders gear up for the upcoming OPEC+ meeting. Oil ministers of the organisation meet today in Vienna, where they'll be discussing the size of production cut. Last month the organisation cut production by 100,000 barrels per day (bpd), signalling it would do what it takes to maintain oil price stability. In September, oil prices retreated for a fourth straight month. Reuters sources say the market could expect production cuts in excess of one million barrels per day. And one OPEC source said yesterday the cut could amount to up to two million barrels per day. As a reference, world daily crude consumption is around 100 million barrels. Yesterday evening, the latest API data showed a fall in crude oil stocks of 1.77 million barrels. Gasoline stocks fell by nearly 3.5 million barrels and distillates by four million barrels. Gold now trades at a three-week high as the dollar continued to weaken yesterday.     This is here for you to catch up but if you have any ideas on markets or events you want us to relay to the TV team we’re more than happy to.
    • Asian markets made fresh gains after another strong rally on Wall Street and in European markets. A sharp drop in job openings in the US seemed to point towards weakness in the US employment market of the kind that the Fed had suggested would cause them to rethink their plan for further sharp rate increases. While this is only one datapoint so far, it came as markets were looking for a reason to bounce and thus helped the surge in equities to extend into a second successive session. Today's big event will be the latest OPEC meeting, at which a significant cut in production is expected, in reaction to the decline in prices seen since the summer. The Biden administration has attempted to push back against the move, but it is unclear whether their efforts will bear fruit. Also on the calendar for the day is the ADP employment report and the US ISM non-manufacturing PMI, while in the UK the prime minister will deliver her speech to the Conservative party conference.   
×
×
  • Create New...