Peter Mathers
TradingLounge
S&P 500, INDEXSP:DXY USD, .INX, NASDAQ-100, INDEXNASDAQ: NDX, Russell 2000 RUT. Dow Jones Industrial (DJI) Elliott Wave Technical Analysis and Trading Strategies.
US Stock Markets News Today: Stocks close mostly lower, selling volume pressure continues
Elliott Wave Market Summary: Volume andElliott wave suggest further downside
Elliott Wave count: Tracking an Impulse wave (five waves) down from the top. Today I give equal weight to the bearish and bullish arguments
Day/Trend Trading Strategies: See video for the the short trade set ups.
All of the videos on this channel are produced Everyday on TradingLounge
00:00 S&P500/DXY USD
20:54 NASDAQ 100 (NDX)
22:55 Russell 2000 (RUT)
24:11 Dow Jones (DJI)
25:51 TRIAL Buy 1 Month Get 3 Months
Analyst Peter Mathers TradingLounge™ Australian Financial Services Licence – AFSL 317817
Source: tradinglounge com
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EUR/USD has lost its traction and declined below 1.0550 during the American trading hours on Friday. With Wall Street's main indexes trading flat on the day, however, the pair managed to shake off the bearish pressure and remains on track to end the week virtually unchanged.
GBP/USD has continued to edge higher toward 1.2300 in the second half of the day on Friday. The cautious market mood following the mixed macroeconomic data releases from the US doesn't allow the US Dollar to gather strength, helping the pair hold its ground.
After having climbed to a fresh daily high of $1,804, Gold price erased some of its daily gains and declined below $1,800 in the early American session. With the benchmark 10-year US Treasury bond yield rising above 3.5% after PPI data, XAU/USD struggles to keep its footing.
Ripple price closed back above the 200-day SMA after equities triggered a turnaround. XRP traders will be on edge today as US PPI numbers will be crucial for the last three weeks of 2022.
Nvidia (NVDA) stock is rising in Friday's premarket a day after it closed up a hefty 6.5% on more news that the Federal Reserve's interest rate hiking is beginning to deliver results.
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