There is a lot more uncertainty in the market right now, and despite reaching a new record, the uptrend is no longer as evident.

Crude prices are in the spotlight as we start the new week following reports over the weekend of fresh violence in the Middle East.

But much of the excitement and accolades have already happened after the provider of datacenter infrastructure equipment and solutions pre-announced better than expected revenues and profits on January 19.

The Dogefather's back in the spotlight! DOGE, the internet's beloved SHIB fueled cryptocurrency, has once again captured headlines with a price surge and renewed online buzz.

Fiserv, Inc., together with its subsidiaries, provides payment and financial services technology worldwide.

Monday saw a bearish turn in the USD/CAD outlook, driven by the surge in oil prices triggered by a drone strike on US forces in Jordan. This event escalated worries about potential supply disruptions in the Middle East.

The current state of inflation has reached a level where Fed policymakers are contemplating the possibility of reducing interest rates. However, the timing of such a decision is likely to hinge on the signals emanating from the job market.

Red ink dominates 2024’s opening month for most of the major asset classes. The upside exceptions for the performance profile so far: US stocks, commodities and junk bonds.

Dow Jones rallies with support at 37,800, aiming for 40,000. Fueled by hopes of Fed intervention, market remains volatile but bullish.

After breaking through it's previous record high last week, the S&P 500 continued rising slowly to record a series of new highs for another four days before dipping 3.19 points to close out the trading week at 4,890.97.

At Friday's close, the Dow Jones Index (US30) was up by 0.16% (+0.50% for the week) and had risen to a new record high.

Hong Kong court ordered liquidation of China's Evergrande. There was a reversal of oil prices after a sharp rally initially in Asia after separate attack in the Middle East that killed US troops in Jordan and struck a Russian oil tank in the Red Sea.

The price of Bitcoin continues today with last week’s bullish consolidation, climbing above the $42000 level. Over the weekend, the price of Ethereum held above the $2040 support level.

The risk premium for the oil market has increased after the Houthis attacked a tanker carrying Russian oil products in the Red Sea.

USD/JPY stabilizes near 148.33 as Fed considers rate cuts. Focus on Powell's conference and upcoming US economic data. Strong US growth reduces likelihood of early Fed cuts.

I would start to scale and right around the $22.50 level, with a stop loss at the $21.90 level. I would be targeting $23.50 initially, followed by the $24.50 level.

Gold prices are seeing a decent bid across early European trading on Monday. Traders are braced for an important week with the FOCM due on Wednesday.

It is an FOMC week. The meeting is taking place at a time when markets are demanding aggressive cuts this year and the Fed is saying ‘no way’.

Elliott Wave analysis & trading strategies for top stocks - Apple, Tesla, Amazon, Nvidia, Microsoft, Meta Platforms, Netflix, Alphabet. Peter suggests a cautious start on Monday, emphasizing strategic long trades based on evolving wave patterns

Anything below $1,980 would obviously be very negative, especially considering that the 200-day EMA is racing towards that level.