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Elliott Wave Analysis on Tesla (TSLA): Is Correction Over?
Short Term Elliott Wave view on Tesla (TSLA) suggests decline from 2.27.2024 high is in progress as a 5 waves impulse lower. Down from 2.27.2024 high, wave 1 ended at 160.51 and rally in wave 2 ended at 184.25. Down from there, wave ((i)) ended at 162.01. Wave ((ii)) rally ended at 170.21 as the 45
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Commodity Currencies Rise As Asian Shares Rebound On Tempered Middle East Fears
Commodity currencies such as Australia, the New Zealand and the Canadian dollars strengthened against their major currencies in the Asian session on Monday amid risk appetite, as fears of a wider conflict in the Middle East ebbed. Investors gravitated back towards riskier assets after Iran played do
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EUR/JPY Price Analysis: Bullish push persists, eyes on waning momentum
Flattening indicators on the daily chart may signal a period of consolidation. The flat RSI slope and falling MACD bars on the hourly chart translate into a neutral sentiment for the session. The EUR/JPY currency pair stands at 164.71, reflecting a persistent bullish upsurge as it cleared daily loss
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Central bank speak and geopolitical issues rock markets
This has been a busy week for financial markets. Central bank speak, geopolitical issues, economic data and earnings reports have all rocked markets, and the vast majority of indices in the US, Europe and Asia are set for another weekly loss. The FTSE 100 is bucking this trend, but as we mentioned,
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Fed's Bowman: Inflation progress slows and possibly halts
Federal Reserve (Fed) Governor Michelle Bowman said Wednesday that inflation progress slows and possibly halts. Bowman further stated that monetary policy is currently restrictive and time will tell if it is "sufficiently" restrictive. Key quotes “Inflation progress slows and possibly halts.” “Stren
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Gold Prices Rise on Powell's Remarks Amid Middle East Tensions
#XAU/USD# At the end of Tuesday's US trading session, the price of gold rose higher by 0.22%, following Federal Reserve Chairman Jerome Powell's hawkish remarks. This provided a favorable momentum for gold's growth amid escalating political tensions between Iran and Israel. Looking at
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China to ease further in H2 2024 to stimulate economic growth – Standard Chartered
Economists at Standard Chartered offer their afterthoughts on China’s quarterly growth numbers released on Tuesday. Key quotes “China’s economy grew 5.3% y/y or 6.6% annualized in Q1, beating market consensus by a wide margin.” “Output gap narrowed to -1.6% of GDP in Q1 from -2.2% in Q4; GDP deflato
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US Treasury Sec. Yellen: Will use sanctions, work with allies to disrupt Iran's destabilizing activity
US Treasury Secretary Janet Yellen warned on Tuesday that the "US will use sanctions and work with allies to keep disrupting Iran's 'malign and destabilizing activity'." Additional comments Iran's actions threaten stability in the Middle East and could cause economic spillovers. It is incumbent on a
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South Korea Export Prices Rise 0.4% On Month, 2.6% On Year In March
Export prices in South Korea were up 0.4 percent on month, the Bank of Korea said in Tuesday's preliminary report - slowing from 1.6 percent in February. On a yearly basis, export prices climbed 2.6 percent - easing from 4.5 percent in the previous month. Individually, export prices for agricultural
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Pull-up Update