Financial Markets Report For Thursday, Dec 4
In this video, Ira Epstein discusses recent developments in financial markets, focusing on upcoming economic data releases, including the personal income spending and PCE price index, which are expected to show moderate increases.
QQQ Short Term Cycle Nearing End; Pullback Likely To Attract Buyers
The short-term Elliott Wave outlook for the Nasdaq 100 ETF (QQQ) indicates that the cycle from the April 2025 low remains active.
At Any Rate...
Judging from the charts, I’d say anyone anticipating a steady series of rate slashes for months to come is delusional. On the contrary, it looks like rates are about to push HIGHER
Nasdaq 100 Elliott Wave Daily Update - Thursday, Dec 4
A volatile session turned into a steady risk-on move as buyers stepped in, led by Tesla and Apple. Elliott Wave patterns suggest the index is finishing a minuette wave 3 with more upside likely before a corrective pullback.
XAU/USD Flat Lines Near $4,200 Ahead Of US PCE Inflation Release
Gold price trades on a flat note near $4,205 during the early Asian trading hours on Friday. Rising US Treasury yields and upbeat US jobs data cap upside for the precious metal.