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For the unfortunate souls who haven't yet experienced the sheer chaotic genius that is CatGPT, allow me to catch you up to speed. Launched in June 2023 by a UK-based team, CatGPT started as a bizarre novelty - an artificial intelligence model in the form of a megalomaniacal cat with lofty dreams of world domination. But this feline villain is more than just a simple ChatGPT clone. CatGPT's AI brain is imbued with its own fierce sense of individuality and personality, generating original meme-worthy content and communications with a sassy, acerbic tone designed to endear itself to its growing base of devoted followers. As a free-thinking human with a slightly unhinged sense of humor, few recent events in the cryptosphere have brought me as much joy as the listing of the CatGPT (CATGPT) token on Bitget exchange. This AI-powered meme token represents a wild new frontier - part performance art, part social experiment, and part actual financial investment.

Yes I totally agree. if nothing suitable comes of it I'll transfer to Robinhood. They pay 5% on cash

Yes, I was on the chat about this, got most of the money back but not exactly the same amount as the FX currency changed. As its not my fault the FX rate change since last week, they need to return the exact amount (independently if is higher or lower depending on the FX rate). There is another issue as the money remains in "unsettled credit" so I cant withdraw yet. A progress but with still issues to resolve. I never received an official email from IG explaining and apologizing about this IT severe issue. I don't have any trust left to keep trading with IG at this point. It will really depend now in how they resolve this and if they came up with some kind of compensation at all.

Hope you guys get it resolved soon - It will definitely get resolved as you can prove with daily statements etc

Japanese Public Company Metaplanet just bought $6.25 million worth of #Bitcoin

Hi @KoketsoIG Does "per app" refer to the IG application, or to a user client application? My reading of the limits was that "per app" referred to a user application, ie API key. When you request an API key, you have to provide an application name - I always assumed that was the app. It used to be possible to have multiple API keys per user account, so in that context it would make sense to have a different limit per application AND per account. But (as I understand it) now it is only possible to have one API key per account, ie one for LIVE and one for DEMO. So now, that limit of 60 per application makes no sense. Could you check with the API team please? And maybe ask them to update the page showing the limits, so it is more clear?

Hi, my money has been returned I think as can't be sure of exact amount, but no email notifications at all. Not a single word on what happened or any compensation for the last 8 days.

FTSE 100 hits yet another record high while DAX 40 and S&P 500 resume their ascents Outlook on FTSE 100, DAX 40 and S&P 500 amid strong US earnings. Source: Getty Images Written by: Axel Rudolph FSTA | Senior Financial Analyst, London Publication date: Friday 26 April 2024 13:42 FTSE 100 hits yet another record high Foreign investor buying of the undervalued UK blue chip index led to further gains in the FTSE 100 which is trading at yet another record high. The 8,200 zone is now in focus, above which lies the 8,300 mark which is where the 161.8% Fibonacci extension of the March-to-June 2020 advance, projected higher from the October 2020 low, can be found. Support sits between the early-to-mid-April highs and Wednesday’s low at 8,046 to 8,003. Source: ProRealTime DAX 40 recovers from Thursday’s low The DAX 40 was dragged lower by its US counterparts following the release of much weaker-than-expected preliminary Q1 GDP data but overnight recovered on better-than-expected US earnings. A rise above Thursday’s 18,080 high would engage this week’s high at 18,238 ahead of the 18,500 region. Yesterday’s low was made along the 55-day simple moving average (SMA) at 17,815. Source: ProRealTime S&P 500 resumes its ascent The S&P 500 resumes its ascent, having on Thursday slipped to 4,990 on disappointing US Q1 preliminary GDP data, before recovering on strong earnings by the likes of Alphabet, Microsoft and Snap. The index is heading towards the 55-day simple moving average (SMA) 5,114 above which the April downtrend line can be seen at 5,146. Slips may find support can be seen around Monday’s 5,039 high. Source: ProRealTime

Gold price, Brent crude price and natural gas price rise in early trading Commodity prices have gained in early trading, recovering from the lows seen earlier in the week. Source: Getty Images Written by: Chris Beauchamp | Chief Market Analyst, London Publication date: Friday 26 April 2024 13:25 Gold up as price recovers from late April weakness The price has pushed higher in early trading, reinforcing the view that a higher low has been formed. Additional gains would head towards the $2400 highs from the middle of April, and then on to $2425. For the moment, $2300 appears to have been established as a higher low, so a close back below this level would be needed to open the way to the 50-day simple moving average (SMA). Source: ProRealTime WTI higher for a second day After bouncing off the 50-day SMA earlier in the week the price has continued to push higher, with further gains in early trading this morning. A higher low appears to have formed, and now the price is testing trendline resistance from the early April high. A breakout above this would target $85.72, last Friday’s high, and then on to $87, the highs from the beginning of April. A reversal back below $82 might result in a test of the 50-day SMA and last week’s low. Source: ProRealTime Natural Gas gains continue Despite a sudden drop on Wednesday the price has maintained the move higher from the beginning of April. Trendline support from the end of March continues to underpin the price action, and continued gains will target the 100-day SMA and the highs from the beginning of the week at 2130. Sellers will want to see a close below Thursday’s low and below trendline support to mark a more bearish development. Source: ProRealTime

Gold drops amid eased tensions, eyeing potential boosts from a wavering dollar around the $2320 level. Silver faces a crucial resistance, outlining future directions for metals as safe-haven demand wanes. Source: Getty Forex Shares Commodities Gold Market trend Risk Written by: Richard Snow | Analyst, DailyFX, Johannesburg Publication date: Friday 26 April 2024 06:45 Gold bulls looks for inspiration in the dollar after tensions subside Implied gold volatility (GVZ) has experienced a notable drop now that the risk of a broader conflict in the Middle East has subsided massively. As a natural result, gold prices have pulled back, but remain at elevated levels. Gold bulls may be looking to a slightly weaker dollar in anticipation of a bullish continuation for the metal, but in recent weeks, gold has appeared detached from its usual inverse relationship with the greenback as the two have risen together. Gold 30-day implied volatility Source: TradingView Gold attempts to lift off support at $2320 Gold, after spending a significant amount of time in overbought territory, has cooled and declined towards the $2320 level, where it has oscillated. With a reduced safe haven appeal, the gold market appears to be in search of the next bullish, or even bearish, catalyst. US data has revealed early signs of vulnerability, which could affect US yields and the dollar if major data points follow suit. But for now, the dollar remains strong, with rate cut bets being pushed further and further out. At this level, $2320 may offer a launchpad for gold if price action unfolds in a similar way to what developed back in March after printing a new all-time high; and consolidating along $2146.80 (prior all-time high) before the next leg higher. However, should bears take over from here, $2222 appears as the nearest level of support before the 50-day simple moving average (SMA) emerges around $2200 flat. Today’s GDP miss and the disappointing flash PMIs have opened the door to weaker US data. Something to keep an eye on in the future. Gold daily chart Source: TradingView Silver (XAG/USD) tests Fibonacci level currently acting as resistance Silver, similarly, to gold, has also dropped sharply as risk sentiment recovered. The rise in risk tolerance provided an opportunity for Indices and high-beta currencies like the Aussie dollar and the pound to claw back losses. Speaking of risky assets, Meta’s forward guidance sent the S&P 500 lower but the magnitude is of the drop is unlikely to prompt a panicked switch to safer assets like gold and silver. Silver hovers around the 78.6% Fibonacci retracement of the 2021 to 2022 decline at $27.40, with the level appearing to provide resistance to a possible bullish continuation. A move to the downside from here would highlight the 61.8% Fib level at $25.30 (coinciding with the 50 day SMA). Silver daily chart Source: TradingView This information has been prepared by IG, a trading name of IG Australia Pty Ltd. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients.

AUD/USD rises on inflation optimism, testing resistance around 0.6502-0.6533 with sights on 0.6650. Meanwhile, AUD/JPY reaches a decade high, albeit in overbought territory, as market eyes Bank of Japan's next moves. Source: Getty Forex Shares Australian dollar AUD/JPY Bank of Japan Market sentiment Written by: Nick Cawley | Analyst, DailyFX, London Publication date: Friday 26 April 2024 07:21 The Australian dollar has turned higher against its US counterpart over the week as a positive risk sentiment backdrop, and higher-than-forecast domestic inflation gave the currency a boost. This week’s rally has now run into resistance off a cluster of simple moving averages, currently between 0.6502 and 0.6533 and these will need to be cleared to allow the pair to move higher. The recent move has produced five higher lows and higher highs in a row, a bullish setup, while the CCI indicator shows this week’s move has taken the pair into neutral territory, from a heavily oversold position. A move higher - above the three moving averages - opens the way to 0.6650. Support at just under 0.6350 and then between 0.6270 and 0.6287. AUD/USD daily price chart Source: TradingView AUD/USD: traders remain bullish, but recent shifts suggest potential reversal Retail trader data reveals that 61.56% of traders are currently net-long on AUD/USD, with a ratio of 1.60 long positions for every short position. This indicates a bullish sentiment among traders. However, the number of net-long traders has decreased by 6.42% since yesterday and 27.26% since last week. In contrast, net-short positions have increased by 9.77% and 66.35% over the same timeframes. While the contrarian view suggests that the net-long position could lead to further price declines, the recent shifts in sentiment signal that a potential reversal to the upside may be on the horizon for AUD/USD, despite traders remaining net-long. The Bank of Japan (BoJ) will announce its latest policy decision overnight, and while all monetary settings are set to remain untouched, the accompanying Quarterly Report may well give some hints to future policy moves. The Japanese yen remains weak and will remain that way until the market is convinced that BoJ is going to move in and prop up the currency with actions, not words. AUD/JPY is back at levels last seen in November 2014, and the daily chart shows a year-long pattern of higher highs and higher lows as the yen wilts against a robust Australian dollar. The CCI indicator shows the pair in extreme overbought territory and this may temper any further short-term move higher. Unless the BoJ makes a stance, AUD/JPY is set to move higher. AUD/JPY: traders remain bearish, but recent shifts strengthen bullish contrarian view Retail trader data reveals that only 18.85% of traders are currently net-long on AUD/JPY, with a short-to-long ratio of 4.30 to 1. This indicates a strong bearish sentiment among traders. However, the number of net-long traders has decreased by 18.81% since yesterday and 49.69% since last week. In contrast, net-short positions have increased by 9.29% and 22.15% over the same timeframes. As contrarian investors, this net-short position suggests that AUD/JPY prices may continue to rise. The increase in net-short positions and the decrease in net-long positions further strengthen our AUD/JPY-bullish contrarian trading bias. AUD/JPY daily price chart Source: TradingView This information has been prepared by IG, a trading name of IG Australia Pty Ltd. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients.

The Nasdaq seems on track to recover all of its overnight losses, supported by a 4.4% after-market gain in Microsoft’s share price and an 11.5% after-market surge in Alphabet’s share price. Source: Getty Shares Microsoft Cloud computing Price Share price Revenue Written by: Yeap Jun Rong | Market Strategist, Singapore Publication date: Friday 26 April 2024 04:32 Alphabet and Microsoft’s share price surged post-results Following the initial jitters around Meta’s results, after-market earnings from Alphabet and Microsoft offered Wall Street a lifeline, with US equity futures pointing to a recovery in risk sentiments. The Nasdaq seems on track to recover all of its overnight losses, supported by a 4.4% after-market gain in Microsoft’s share price and an 11.5% after-market surge in Alphabet’s share price. The other Magnificent Seven stocks seem set for a positive open as well, with Nvidia up 2.4% and Amazon up 3.1%. Microsoft’s 4Q 2024 round-up Source: Refinitiv Microsoft’s 4Q 2024 results delivered both a top and bottom-line beat. Revenue was 1.8% higher than consensus at $61.9 billion, up 17% year-on-year. Earnings per share (EPS) has beaten expectations by 4.3%, coming in at $2.94 and up 20% from the $2.45 a year ago. Net profit margin improved from last year as well, coming in at 35.5% versus the previous 34.6%. Stronger cloud performance offered reassurances Notably, markets took comfort with the further growth in its cloud division. Revenue from Azure and other cloud services grew stronger-than-expected at 31% versus the 30% prior, which is on track to outpace its top competitors – Google Cloud and Amazon Web Services. Other segments continue to hold up as well, with a 17.5% year-on-year in its ‘More Personal Computing’ segment showing further recovery in consumer demand for personal computers (PCs) after a lacklustre year. Its productivity software has been very much stable as well, with the segment growing 11.8%. Forward guidance was net-positive overall Revenue guidance for 4Q 2024 was a tad lower-than-expected at $64 billion versus the $64.5 billion consensus, but markets may be more forgiving given the company’s positive outlook around artificial intelligence (AI) demand moving forward. “Currently, near-term AI demand is a bit higher than our available capacity” While capital expenditures will continue to increase to keep up with the tech race, Microsoft expects its FY2025 operating margin to decline "only one point year-over-year, even with its significant cloud and AI investments". This offers reassurances that heavy spending on infrastructure will pay off in the near term in terms of higher revenue and will not be an expensive long-term bet. Technical analysis: Microsoft’s share price defending daily cloud support The after-market surge in Microsoft’s share price may suggest that buyers have successfully defended the lower edge of its daily Ichimoku Cloud support at the US$398.40 level, which may likely keep the broader upward trend intact. This marked a key support confluence, which held prices up on at least three occasions since the start of the year. Its daily relative strength index (RSI) is back to retest the key 50 level after breaking below the mid-point to its lowest level September 2023. Any reversion back above the level will bode well for the upward trend to continue. The US$398.40 level will serve as key support to hold, while on the upside, its record high at the US$430 level will be on watch as key resistance to overcome. Source: IG charts IGA, may distribute information/research produced by its respective foreign affiliates within the IG Group of companies pursuant to an arrangement under Regulation 32C of the Financial Advisers Regulations. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, IGA accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore recipients should contact IGA at 6390 5118 for matters arising from, or in connection with the information distributed. The information/research herein is prepared by IG Asia Pte Ltd (IGA) and its foreign affiliated companies (collectively known as the IG Group) and is intended for general circulation only. It does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. No representation or warranty is given as to the accuracy or completeness of this information. Consequently, any person acting on it does so entirely at their own risk. Please see important Research Disclaimer. Please also note that the information does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. Any views and opinions expressed may be changed without an update.

WTI Elliott wave analysis Function - Counter-trend Mode - Corrective Structure - Triple Zigzag Position - Wave X of triple zigzag Direction - Wave X of the triple zigzag is still in play Details - We still count a double zigzag for wave X. Current rally should stay below 85.64 to confirm (b) before turning down for (c) around 79.23-76.90. Invalidation below 75.49 will make us consider an impulse from 87.63 instead. Overall, WTI still supports the medium-term bullish triple zigzag sequence provided 75.49 is not breached. Not changed from the last update. WTI crude oil prices are currently undergoing a retracement of the pullback initiated on April 12th. This pullback, in conjunction with the ongoing recovery, appears to be corrective rather than indicative of a substantial reversal. Looking ahead, there's a likelihood of witnessing another upward movement surpassing the high set on April 12th in the upcoming weeks. However, it's crucial to note that the bullish corrective sequence, initiated in December 2023, remains intact, awaiting a definitive break, potentially signaled by an impulse wave downward. Analyzing the long-term perspective, particularly on the daily chart, reveals a corrective price structure evolving from the high of 120.91 in March 2022. This corrective phase retraces the preceding impulse wave, which spanned from the tumultuous period of April 2020 to its culmination in March 2022 at 130.91. This corrective pattern is unfolding into a double zigzag formation, with the current phase representing the final leg, denoted as wave Y of primary degree. Considering the intermediate degree wave (B) from 67.81, it's imperative that the price does not breach 95 before initiating a downturn for the corresponding wave (C). Despite the potential completion of wave (B) at 87.63 with a double zigzag pattern, the subsequent decline appears corrective in nature, leaving room for the possibility of another upward rally, perhaps forming a triple zigzag wave (B). However, a decisive downward break from 87.63 would indicate the commencement of wave (C) with an impulse or leading diagonal pattern. Zooming in on the H4 chart, a double zigzag formation is taking shape from 87.63, expected to conclude within the range of 79.23 to 76.90 before the price reverses direction for wave Z of (B). This constitutes the first scenario. Alternatively, if wave (b) extends higher and surpasses 87.63, it would signify the completion of wave X, with wave Z poised to ascend further. The third scenario comes into play if the decline extends beyond 75.48, potentially signaling the completion of wave (B) at 87.63 and indicating a bearish outlook for wave (C). Monitoring these scenarios on the H4 charts will provide valuable insights into the unfolding price dynamics, guiding potential trading strategies in the volatile WTI crude oil market. Technical Analyst : Sanmi Adeagbo Source : Tradinglounge.com get trial here!

Why are your June No Lead Gasoline futures, with an expiry of 30-May, shown as "Closing only: contract due to expire" but your May No Lead Gasoline, expiring 29-Apr, shown as tradable? Your futures desk really ought to be on top of this, it makes it extremely difficult to trade futures when you only put the near term futures up to trade and then over-write with the next roll. It's not the first time I've seen this happen. Ideally, you should be showing at least the next 3 contracts.

Hi, The download link for the "Excel sample trading application" from IG on the IG labs website is not working for me: Client libraries and sample trading applications | IG Labs I am getting the below error. I can download the other files that are available without any issues but the XLS is not working. I have already tried to clear cookies / cache etc. but no luck. Does anyone have any ideas?

Hi If someone could help I'd be grateful. I'm new to IG and to L2 Dealer. I have just installed the software and on re-running it, it has loaded up exchange data and my account data. However, the manual says "Double-click on the relevant stock to view Level 2 prices. An L2 Screen for this stock will open, giving live access to the full order book", but nothing happens when I double click? I have also tried right clicking and selecting L2. I have also tried simply clicking on the 'L2' on the main L2 Dealer. Thank you!

Dear @KoketsoIG Can you please help me with my question?

Please be advised that our opening hours will be adjusted on 1 May 2024 for International Workers’ Day and 6 May 2024 for the UK Early May Bank Holiday. Where appropriate, the times listed are in GMT. Date Market hours Wednesday 1 May International Workers' Day European, Hong Kong & South African equity markets will be closed. We’ll offer out-of-hours pricing on European, Hong Kong and South African indices until 10 pm GMT. European rates and bonds will be closed. New York Cocoa, New York Coffee, and New York Sugar will open later at 12.30 pm GMT. Monday 6 May Early May Bank Holiday UK equity markets and index futures will be closed. We will offer out-of-hours pricing on the FTSE 100. UK interest rates and bonds will be closed. Disclaimer: The information provided above is accurate to the best of our knowledge. They are subjected to change and should only be used as guidance.

MSFT Elliott Wave Analysis Trading Lounge Daily Chart Microsoft Inc., (MSFT) Daily Chart MSFT Elliott Wave Technical Analysis FUNCTION: Counter Trend MODE: Corrective STRUCTURE: Zigzag POSITION: Intermediate (2) DIRECTION: Bottom in wave A of (2). DETAILS: We are considering a significant top in place with wave (1), and we are now looking for a three wave move correction into wave (2). We seem to be finding buyers on Medium Levell 400$, looking for 400$ to turn into resistance. MSFT Elliott Wave Analysis Trading Lounge 4Hr Chart Microsoft Inc., (MSFT) 4Hr Chart MSFT Elliott Wave Technical Analysis FUNCTION: Counter Trend MODE: Corrective STRUCTURE: Zigzag POSITION: Wave A. DIRECTION: Bottom in wave {v}. DETAILS: I can count a clear five wave move into wave A, with alternation between {ii} and {iv}. Looking for a pullback in wave B to then fall back lower. In this comprehensive Elliott Wave analysis for Microsoft Corporation (MSFT), we provide an in-depth review of the stock’s potential movements based on its current wave patterns, as observed in both the daily and 4-hour charts on April 26, 2024. This analysis aims to assist traders and investors in understanding the underlying market dynamics and planning their strategies accordingly. * MSFT Elliott Wave Technical Analysis – Daily Chart* The daily chart of MSFT shows the stock in a corrective phase with a zigzag structure, identified as Intermediate wave (2). Currently, the stock is witnessing a bottom formation in wave A of (2). After observing a significant top in wave (1), MSFT appears to be undergoing a corrective three-wave movement. The price level around $400, which has been attracting buyers, is anticipated to evolve into a resistance level. Traders should monitor this zone closely for potential reversal signals. * MSFT Elliott Wave Technical Analysis – 4Hr Chart* Moving into the 4-hour chart, the analysis continues to reflect a counter-trend with a zigzag corrective structure, highlighting the end of Wave A. Here, a clear five-wave movement has been identified, with distinct alternations between waves {ii} and {iv}. The current position, at the bottom of wave {v}, suggests that the stock might experience a short-term pullback in wave B before potentially declining further. This provides a strategic point for traders to look for entry and exit points during the unfolding of wave B.

Oh, thank you, that's helpfu!

Response from IG help via email confirming streaming shares data is not posslbe : Unfortunately, we are unable to provide historical or streaming of pricing for Equities (Shares) and certain indexes, this is due to restrictions by our data providers. This restriction applies to all markets that generate the "error.unauthorised.access.to.equity.exception" error, including but not limited to: Equities China A50 Index Singapore Blue Chip Index India 50 Index Volatility Index

Recently, the Australian S&P/ASX 200 index slightly fell by 0.01%, with this fluctuation mainly influenced by the latest release of the Consumer Price Index (CPI) data. This data not only demonstrates current inflationary pressures but also directly impacts the stock market in the short term. Senior analyst Thomas McGee delves into the impact of these economic indicators on the Australian stock market and discusses the economic logic behind this data and its potential effects on future monetary policy by the Reserve Bank of Australia (RBA). Market Impact of Inflation Data The CPI data for the first quarter released today showed an annual growth rate of 3.6%, surpassing the market expectation of 3.4%. This immediate announcement led to a drop of about 0.5% in the S&P/ASX 200 index, and the market failed to recover these losses by the closing bell. Thomas McGee points out that this rapid response highlights the sensitivity of investors to inflation trends and their immediate impact on the stock market. In addition to the direct reaction of the stock market, the yield of Australian 2-year government bonds also significantly rose by 0.12%, breaking the 4.4% level for the first time since December last year. This change not only reflects the response of the bond market to the CPI data but may also indicate a cautious stance by the RBA regarding rate adjustments in the short term. Forward-looking Analysis of Monetary Policy Following the release of inflation data, the expectation on the market of the first rate cut of RBA has been postponed to after 2025. Thomas McGee emphasizes the importance of this change for investment strategies. He suggests that investors consider how changes in monetary policy will affect market dynamics when making long-term investment decisions, especially in a scenario where rates may remain elevated for an extended period. With inflation data showing higher than expected figures, the market predicts that the RBA may not cut rates in the short term, intensifying expectations of rate hikes. Thomas McGee mentions that this shift in expectations requires investors to reassess their investment portfolios, particularly in terms of fixed-income asset allocation. Furthermore, Thomas McGee notes that although the market may face pressure in the short term, this could also present entry opportunities for investors seeking higher yields. Companies that can maintain cash flow in a high-rate environment may become preferred investment targets. Addressing Challenges and Seizing Opportunities Despite the uncertainties and challenges brought by the current inflation data, Thomas McGee believes that investors can still find stable investment opportunities in this complex environment through thorough market analysis and understanding of future economic policy trends. He encourages investors to maintain flexible investment strategies while closely monitoring changes in economic indicators and central bank policies to effectively address potential market fluctuations and achieve value growth in future investments.

EURUSD Elliott Wave Analysis Trading Lounge Day Chart, Euro/U.S.Dollar(EURUSD) Day Chart EURUSD Elliott Wave Technical Analysis FUNCTION: Trend MODE: impulsive STRUCTURE:red wave 3 POSITION: blue wave 3 DIRECTION NEXT HIGHER DEGREES:red wave 4 DETAILS: red wave 2 looking completed at 1.08854 .Now red wave 3 of 3 is in play . Wave Cancel invalid level: 1.08854 The EUR/USD Elliott Wave Analysis for the Day Chart identifies a trend with impulsive characteristics, reflecting significant and consistent movement in one direction within the Elliott Wave structure. This technical analysis helps traders understand market momentum and potential shifts. ### Function The function is described as "Trend," indicating that the analysis is focused on the overall direction of the market, typically associated with impulsive waves that drive price action forward. ### Mode The mode is categorized as "impulsive," pointing to robust, one-directional movement, often linked to waves that exhibit strong trends and rapid price shifts. This mode typically represents the waves driving the broader trend. ### Structure The structure is "red wave 3," suggesting that the observed wave is the third wave in a larger Elliott Wave pattern. The third wave is generally the strongest among impulsive waves, indicating significant upward or downward momentum. ### Position The position is "blue wave 3," indicating that the analysis focuses on a specific segment of the broader wave structure. This positioning aligns with a mid-phase impulsive wave within the larger cycle. ### Direction for the Next Higher Degrees The expected direction for the next higher degrees is "red wave 4," which usually signifies a corrective phase following the completion of an impulsive wave. This direction suggests that once red wave 3 concludes, the market could enter a consolidation or retracement period before the next impulsive phase. ### Details The details provide more granular information about the wave structure. Red wave 2 is considered complete at the 1.08854 level, indicating that the corrective phase has likely ended, paving the way for red wave 3, which is now in play. This suggests a continuation of the impulsive trend, signifying strong market movement. The "Wave Cancel invalid level" at 1.08854 serves as a critical threshold, suggesting that if this level is breached, the current Elliott Wave structure would be invalidated, leading to a new interpretation of the market dynamics. Overall, the EUR/USD Elliott Wave Analysis for the Day Chart points to a strong trend with impulsive movement in red wave 3, indicating significant momentum and directional movement. The completion of red wave 2 at 1.08854 suggests that the corrective phase has ended, with red wave 3 now driving the trend forward. EURUSD Elliott Wave Analysis Trading Lounge 4 Hour Chart, Euro/U.S.Dollar(EURUSD) 4 Hour Chart EURUSD Elliott Wave Technical Analysis FUNCTION: Trend MODE: impulsive STRUCTURE:black wave 3 POSITION: red wave 3 DIRECTION NEXT HIGHER DEGREES:black wave 4 DETAILS: black wave 2 looking completed or near to end .Now looking for black wave 3 to play or is in play . Wave Cancel invalid level: 1.08854 The EUR/USD Elliott Wave Analysis for the 4-Hour Chart provides insights into the Euro versus the U.S. Dollar market using the Elliott Wave framework. This analysis identifies a trend scenario with impulsive characteristics, indicating the presence of strong directional movement within the observed wave structure. ### Function The function is described as "Trend," suggesting that the analysis explores a segment within the broader directional trend. This typically involves a focus on the impulsive waves that drive the primary market movement. ### Mode The mode is categorized as "impulsive," pointing towards a strong, one-directional movement. Impulsive modes are often associated with rapid price changes and suggest a clear trend pattern, as opposed to corrective phases that indicate consolidation or retracement. ### Structure The structure identified is "black wave 3," indicating that the observed wave pattern represents the third wave within the larger Elliott Wave cycle. Black wave 3 is typically 2 / 2 the strongest and longest among impulsive waves, indicating that the current trend may be gaining momentum. ### Position The position of the analysis is "red wave 3," denoting that the specific wave under consideration is part of the larger black wave 3. This positioning aligns with a mid-phase impulse within the broader wave structure. ### Direction for the Next Higher Degrees The expected direction for the next higher degrees is "black wave 4," indicating that after the completion of the current impulsive wave, the structure will likely transition into a corrective phase. Black wave 4 typically signifies a temporary retracement within a broader impulsive pattern. ### Details The details provide more specific information about the current wave structure. Black wave 2 is considered completed or near completion, suggesting that the impulsive phase (black wave 3) is about to commence or is already underway. This is a critical juncture in the Elliott Wave cycle, as it indicates a shift from a corrective phase to a renewed impulsive trend. The Wave Cancel invalid level is set at 1.08854, indicating a key threshold. If this level is breached, the current Elliott Wave structure would be invalidated, necessitating a new interpretation of the market pattern. In summary, the EUR/USD Elliott Wave Analysis for the 4-Hour Chart focuses on an impulsive trend structure, with black wave 3 suggesting strong market momentum. The analysis anticipates the end of a corrective phase and the beginning of an impulsive wave, with a Wave Cancel invalid level providing a key point for maintaining the validity of the current Elliott Wave structure. Technical Analyst : Malik Awais Source : Tradinglounge.com get trial here!

ASX: NATIONAL AUSTRALIA BANK LIMITED - NAB Elliott Elliott Wave Technical Analysis TradingLounge (1D Chart) Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with NATIONAL AUSTRALIA BANK LIMITED - NAB. We identify wave ((iv))-green as having ended, and the potential for wave ((v))-green is open to push higher. ASX: NATIONAL AUSTRALIA BANK LIMITED - NAB Elliott Wave Technical Analysis ASX: NATIONAL AUSTRALIA BANK LIMITED - NAB 1D Chart (Semilog Scale) Analysis Function: Major trend (Minute degree, green) Mode: Motive Structure: Impulse Position: Wave ((v))-green Details: The short-term outlook shows that wave ((iv))-green has just ended, and the push up quite high since 32.60 also suggests the return of wave ((v))-green. Invalidation point: 32.60 ASX: NATIONAL AUSTRALIA BANK LIMITED - NAB Elliott Wave Technical Analysis TradingLounge (4-Hour Chart) ASX: NATIONAL AUSTRALIA BANK LIMITED - NAB Elliott Wave Technical Analysis ASX: NATIONAL AUSTRALIA BANK LIMITED - NAB 4-Hour Chart Analysis Function: Major trend (Minute degree, green) Mode: Motive Structure: Impulse Position: Wave i-blue of Wave ((v))-green Details: The shorter-term outlook suggests that the ((iii))-green wave has recently peaked, and the ((iv))-green wave has unfolded in the form of a Flat correction, with the ((iv))-wave likely completed. The ((v))-green wave is now unfolding to push prices higher. We are closely monitoring NAB, and there will soon be a long-term trading opportunity with NAB. It looks like wave ii-blue is opening up, pushing a little lower, before wave iii-blue returns to push even higher. Invalidation point: 32.60 Conclusion: Our analysis, forecast of contextual trends, and short-term outlook for ASX: NATIONAL AUSTRALIA BANK LIMITED - NAB aim to provide readers with insights into the current market trends and how to capitalize on them effectively. We offer specific price points that act as validation or invalidation signals for our wave count, enhancing the confidence in our perspective. By combining these factors, we strive to offer readers the most objective and professional perspective on market trends. Technical Analyst: Hua (Shane) Cuong, CEWA-M (Master’s Designation). Source : Tradinglounge.com get trial here!

Elliott Wave Analysis TradingLounge Daily Chart ChainLink/ U.S. dollar(LINKUSD) LINKUSD Elliott Wave Technical Analysis Function: Counter Trend Mode: Corrective Structure: Zigzag Position: Wave C Direction Next higher Degrees: Wave (I) of Impulse Wave Cancel invalid Level: 8.498 Details: the corrective of Wave (II) is equal to 61.8% of Wave (I) at 8.702 Log scale chart ChainLink/ U.S. dollar(LINKUSD)Trading Strategy: The second wave correction is likely to go down to test the 10.585 level before rising again in the third wave. Therefore, the overall picture is a short-term pullback to continue rising. Wait for the correction to complete to rejoin the trend. ChainLink/ U.S. dollar(LINKUSD)Technical Indicators: The price is above the MA200 indicating a Downtrend, The Wave Oscillator is a Bearish Momentum. Elliott Wave Analysis TradingLounge H4 Chart ChainLink/ U.S. dollar(LINKUSD) LINKUSD Elliott Wave Technical Analysis Function: Follow Trend Mode: Motive Structure: Impulse Position: Wave 5 Direction Next higher Degrees: Wave ((C)) of Zigzag Wave Cancel invalid Level: 81.238 Details: The Five-Wave Decline of Wave ((C)) trend to test 11.582 Level ChainLink/ U.S. dollar(LINKUSD)Trading Strategy: The second wave correction is likely to go down to test the 10.585 level before rising again in the third wave. Therefore, the overall picture is a short-term pullback to continue rising. Wait for the correction to complete to rejoin the trend. ChainLink/ U.S. dollar(LINKUSD)Technical Indicators: The price is above the MA200 indicating a Downtrend, The Wave Oscillator is a Bearish Momentum. Technical Analyst : Kittiampon Somboonsod Source : Tradinglounge.com get trial here!