Short term Elliott Wave view in (EURUSD) suggests that cycle from 12.28.2023 high is in progress as a zigzag Elliott Wave structure. Down from 12.28.2023 high, wave A ended at 1.0694 and rally in wave B ended at 1.098. Wave C lower is in progress as a 5 waves impulse Elliott Wave structure.
Short term Elliott Wave view in (EURJPY) suggests that rally to 165.35 ended wave 3. Wave 4 pullback unfolded as a double three Elliott Wave structure. Down from wave 3, wave ((w)) ended at 162.59 and wave ((x)) ended at 165.17.
Changes are taking place and you have to take note of them. The most important to me is the building of carry in the diesel fuel market. Diesel is the energy source of commerce. Manufacturing and transportation are run with diesel fuel.
Philly Fed Manufacturing expands to the highest level seen in two years. Initial and continuing jobless claims continue to show strength, putting pressure on bond prices. Earnings season will kick off with Netflix after the bell.
Looking at different times when crypto went through a halving, which cuts the reward for mining in half, the reaction in price right after isn’t always the same. After the 2012 halving, prices shot up, but in 2016 and 2020, things stayed pretty flat before they decided which way to go.
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#5 | ¡Viva México! Mexico has a record 18.7mmt (735mbu) of US corn on the books this year - 38% higher than their commitments at this point one year ago. Not only are their current commitments a record for this time of the year, but they have already surpassed the...