Upon meticulously analyzing the Elliott Wave patterns on various key market indicators such as the NASDAQ 100 (NDX), QQQ ETF, SP500 (SPX), and individual stocks like Apple (AAPL) and Tesla (TSLA), a clear picture emerges. The current scenario points towards a developing Wave iii of (i) of v) of 1 of (5) of 3) of
The Australian housing market continues to show strength, with home prices climbing steadily despite economic challenges. According to data from property consultant CoreLogic, national home prices rose by 0.8% in May, marking the largest monthly gain since October. This trend of growth has persisted for sixteen consecutive months, with prices up by 8.3% compared to
Stock markets in the Gulf showed positive movement on Sunday, with the Saudi index leading the gains. After hitting a five-month low, the benchmark index in Saudi Arabia rose by 1.1%. This increase was driven by growth in various sectors, particularly in IT, utilities, and healthcare stocks. Notable performers included ACWA Power with a 4.4%
The unemployment rate is projected to hold steady at 3.9%, with the high estimate at 4.0% and the low at 3.8%. This stability in the unemployment rate may provide a sense of relief, but it is essential to note that even small fluctuations can have significant impacts on the economy. Additionally, wage growth is expected
Australia is set to release its GDP numbers for Q1, which are expected to show a modest expansion of 0.2%. This follows a 0.2% growth in Q4 of the previous year. The trade data for April will also be crucial, with economists predicting an increase in both imports and exports. A wider trade surplus would
Jan van Eck, the CEO of VanEck, has observed a significant shift in sentiment within the cryptocurrency market. This shift is closely linked to the recent approval by the U.S. Securities and Exchange Commission for a rule change that paves the way for Ethereum exchange-traded funds (ETFs). VanEck was the pioneer in applying to the
Following Standard & Poor’s (S&P) decision to downgrade France’s long-term sovereign debt rating from “AA” to “AA-“, the financial markets are expected to react slightly with a potential spread between French and German benchmark bonds widening by 3-5 basis points. This minor impact may push the spread to approximately 50 basis points, a level comparable
The inception of Yotta by Adam Moelis in 2019 was rooted in the noble intention of providing Americans with a novel approach to saving money, thereby insulating them from the vicissitudes of life. However, what transpired was a catastrophic turn of events, unfurling a saga of anguish for thousands of customers who had entrusted their
Italy, a country renowned for its art, history, and picturesque landscapes, is currently facing a major crisis due to overtourism. With millions of tourists flocking to popular destinations like Lake Como, Venice, and Milan, the strain on infrastructure and services is becoming increasingly evident. One of the key issues resulting from overtourism in Italy is
Recently, the Russian government made adjustments to the mandatory sales of foreign currency for exporters, particularly those in industries like fuel, energy, metal, chemical, timber, and grain. The changes stipulate that if over half of the value of their contracts is paid in roubles, exporters may be exempt from certain currency sales requirements. This move
The new home prices in China continued to rise for the ninth consecutive month in May, as reported by a private survey. This increase was attributed to the various steps taken by the government to support the crisis-hit property sector. The average new home price across 100 cities saw a 0.25% increase in May, following
In recent years, there has been a noticeable shift in the hiring practices of many companies. Instead of focusing solely on traditional metrics such as education or years of experience, employers are increasingly prioritizing applicants’ skills and competencies. According to data from job site Indeed, the share of U.S. online job postings that list a