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Guest The_Bull_McCabe

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    • Asian equities suffered their worst day in three months overnight, retreating on a broad front as markets reacted to the impressive US NFP reading last week. The huge number of jobs created, and the lowest unemployment level in over half a century poured cold water on the idea that the Fed would pause its hiking efforts, although expectations for the terminal rate only ticked up to 5% from 4.9%. In the UK the FTSE 100 remains close to its new record high, continuing its strong run versus other indices. Oil prices have edged higher after hitting a four-week low on Friday in the wake of the NFP report, but this appears to be a brief respite. A quiet start to the week sees just the Canadian Ivey PMI on the calendar of notable events.  
    • For more up to date news on how markets will open, the latest earnings and economic news, watch IGTV live in the platform at 07:30am UK. Today’s coverage: Indices: Europe expected down today after FT100 record on Friday. Techs biggest decliners on Wall St FX: USD holds recent gains after very strong NFP data on Friday. Traders working out this week’s direction. UK GDP on Friday possibly the big data of the week  Equities: Earnings begin to slow down…this week DIS & UBER the big ones Commods: Gold up after 2 heafty days of declines          
    • Elliott Wave Analysis TradingLounge Daily Chart, 6 February 23, AAVE /U.S.dollar(AAVEUSD) AAVEUSD Elliott Wave Technical Analysis Function: Counter trend Mode: Motive Structure: Impulse Position: Wave ((2)) Direction Next higher Degrees: Wave III of Motive Wave Cancel invalid Level: 50.173 AAVE /U.S.dollar(AAVEUSD)Trading Strategy: AAVE token has recovered well from the 50.40 level and managed to cross the MA200 line, indicating that an uptrend is forming. The Elliottwave structure is in a correction of wave (2) as a short-term decline before the price rises. again AAVE /U.S.dollar(AAVEUSD) Technical Indicators: The price is above the MA200 indicating an uptrend. The wave oscillators above Zero-Line momentum are bullish TradingLounge Analyst: Kittiampon Somboonsod Elliott Wave Analysis TradingLounge 4H Chart, 6 February 23, AAVE /U.S.dollar(AAVEUSD) AAVEUSD Elliott Wave Technical Analysis Function: Counter trend Mode: Motive Structure: Impulse Position: Wave ((2)) Direction Next higher Degrees: Wave III of Motive Wave Cancel invalid Level: 50.173 AAVE /U.S.dollar(AAVEUSD) Trading Strategy: AAVE token has recovered well from the 50.40 level and managed to cross the MA200 line, indicating that an uptrend is forming. The Elliottwave structure is in a correction of wave (2) as a short-term decline before the price rises. again. AAVE /U.S.dollar(AAVEUSD)Technical Indicators: The price is above the MA200, indicating an uptrend. The wave oscillators below Zero-Line Bearish momentum.
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