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Navigating Market Trends: Elliott Wave Insights For NDX Tech Stocks
Video By:
Peter Mathers
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Friday, May 3, 2024 11:00 PM EDT
Nasdaq 100 and SP500 Wave (4) low being in place strengthens day by day and we can continue to build long positions across many markets such as Bitcoin and crypto tokens.
Traders Are Delusional If They Think This Bad Jobs Report Is Any Good
Video By:
TheoTrade
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Friday, May 3, 2024 8:30 PM EDT
Tonight, I’ll take you inside - what’s really going on. We’ll look at the current situation in the greenback, the real opportunity in the bond market, and how we did with our expected move.
In this video: WMT, QQQ, AAPL, COST, MSFT, NVDA, SBUX, TSLA, SPY, TLT, XLE, XLF, META, SPX, VIX, GOOGL
Stocks And Precious Metals Charts - In Service To The Unspeakable
Article By:
Jesse's Cafe Americain
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Friday, May 3, 2024 7:00 PM EDT
The Non-Farm Payrolls report came to light today. Stocks and risk assets were cheered by this, and a sustained rally ensued. Gold and silver were softer as safe havens were tossed aside, but managed to recoup most of their losses.
How An Eroding Job Market Could Cause Faster Rate Cuts
Video By:
Danielle DiMartino Booth
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Friday, May 3, 2024 3:30 PM EDT
In this video, I break down the unsettling layoff numbers and discuss why job data could push the Fed into cutting rates three times this year.
GBP/USD Price Analysis: Bears In Charge As 'Shooting Star' Looms
Article By:
Christian Borjon Valencia
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Friday, May 3, 2024 1:45 PM EDT
The pound has held onto its gains versus the US dollar, as it retraced from its three-week highs following a softer-than-expected US Nonfarm Payrolls report. Buyers lacked the strength to keep prices above the 1.2600 level.
U.S. Oil And Gas Production Again On A Record Pace
Article By:
Robert Rapier
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Friday, May 3, 2024 12:45 PM EDT
Last year marked a record for U.S. oil production with an average daily production of 12.93 million barrels per day. However, current data shows that average daily production in 2024 is 13.12 million bpd — 7.1% ahead of the level of a year ago.
Will US Economy Stabilize In Q2 After Two Quarterly Downshifts?
Article By:
James Picerno
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Friday, May 3, 2024 12:00 PM EDT
Preliminary estimates of second-quarter US GDP activity suggest output may stabilize after two straight quarters of slower growth. This estimate should be viewed cautiously this early in the current quarter.
Individual Investors Just Don’t Like Feeding The Ducks
Article By:
Paul Schatz
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Friday, May 3, 2024 11:15 AM EDT
What a wild and volatile afternoon it was on Wednesday after the Fed meeting. There was a massive rally followed by a huge decline. It seems that my previous comment about buying weakness and selling strength was a valid one.
EUR/USD Price Analysis: ECB’s Less Dovish Remarks Boost Euro
Article By:
Yohay Elam
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Friday, May 3, 2024 10:10 AM EDT
The ECB’s Stournaras said on Friday that there might only be three ECB rate cuts this year. Eurozone economic growth beat forecasts in Q1. The dollar was heading for its worst week in two months.
USD/JPY Extends Losses For Third Consecutive Session Towards Crucial Support
Article By:
Filip Lagaart
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Friday, May 3, 2024 6:55 AM EDT
The Japanese Yen is set to lock in a staggering performance for this week against the US Dollar. The Yen has appreciated over 3% following Japan’s intervention to propel the currency and the Fed’s less-hawkish rhetoric.
EURUSD Tests Resistance: Uptrend Signal Or Correction Within Downtrend?
Article By:
ForexCycle
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Friday, May 3, 2024 6:39 AM EDT
EURUSD’s price action faces a critical juncture, with a key resistance level potentially dictating the future direction of the currency pair. This analysis examines the technical situation and explores potential scenarios.
GBP/CHF Forecast: British Pound Plunges Against Swiss Franc
Article By:
Christopher Lewis
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Friday, May 3, 2024 6:21 AM EDT
At this point, the market is likely to continue to look at the 1.15 level as a major ceiling, and the fact that we have fallen so hard will certainly scare some traders away.