Image Source: In this video, Ira Epstein reviews the activity in the Financial Markets after the day that just ended, Wednesday, February 5.Video Length: 00:13:44SPDR ETF Report For Tuesday, Feb 4Financial Markets Report For Tuesday, Feb 4Metal Markets Report For Monday, Feb 3

Image Source:  The Australian Dollar holds losses after the release of lower-than-expected Trade Balance data. Australia’s trade surplus dropped to 5,085M in December, below the expected 7,000M and down from the 6,792M prior. The US Dollar faced challenges as the ISM Services PMI eased in January. The Australian Dollar (AUD) edges lower against the US Dollar (USD) following lower-than-expected Trade Balance data released on Thursday. Additionally, the AUD/USD pair receives downward pressure from risk-off sentiment amid rising fears over US-China trade tensions.Australia’s trade surplus fell to 5,085M in December, missing the expected 7,000M and down from the previous surplus of 6,792M. Exports increased by 1.1% MoM, slowing from November’s 4.2% rise, while imports surged 5.9% MoM, up from 1.4% in the prior month.Traders closely watch the ongoing trade war between the United States (US) and China, Australia’s key trading partner. China retaliated against the new 10% US tariff that took effect on Tuesday. However, Trump stated on Monday afternoon that he would likely speak with China within the next 24 hours. He also warned, “If we can’t reach a deal with China, the tariffs will be very, very substantial.” Australian Dollar receives downward pressure from rising US-China trade tensions   The US Dollar Index (DXY), which measures the US Dollar’s value against six major currencies, remains under subdued near 107.50 at the time of writing. The weaker US Services Purchasing Manager Index (PMI) could have weighed on the Greenback. The US ISM Services PMI eased to 52.8 in January from 54.0 (revised […]

Image Source:  MARKETS  US Stocks clawed higher on Wednesday, with broad-based gains outshining some lacklustre earnings from Big Tech. Even as the Magnificent Seven basket wobbled, with Alphabet Inc. () tanking to its worst plunge in over a year, the market held firm, thanks in part to NVIDIA () spearheading a rally in chipmakers.Muted or not, the rally suggests that investors have steadied their nerves—at least for now—following Trump’s tariff bombshells aimed at America’s three largest trading partners. But let’s not mistake calm for complacency. The market remains hyper-aware of “tariff whiplash syndrome,” knowing that just as quickly as Trump turns down the tariff heat, he can crank it back up.For the moment, the ongoing tit-for-tat threats with Canada and Mexico have cooled, and China’s measured response—with tariffs placed on a select few American goods—was seen as relatively tame by Wall Street.But the real market-moving catalyst came in a package delivered by Scott Bessent, who opted to keep things steady at Treasury, signaling that debt issuance won’t be ramped up. That sent 10-year Treasury yields sliding, further fueling US risk appetite.This remarkable resilience—let’s call it ‘rebounditude’—isn’t just blind optimism. It’s been fueled by a potent cocktail of liquidity, a softer dollar, and sinking U.S. Treasury yields—a trifecta that has loosened financial conditions and emboldened risk-taking across global markets. Investors are indulging in this setup like VIPs at an open bar, sipping on easy money and carefree speculation.But here’s the million-dollar question—what if falling bond yields aren’t a green light, but […]

Image Source:  EUR/USD remains hampered by 1.0400 key handle on Wednesday. Overall market sentiment is keeping the Greenback underbid. European Retail Sales due Thursday, US NFP coming Friday. EUR/USD dragged its feet on Wednesday, finding some topside bidding action as a broad-market recovery in risk appetite keeps bids behind the US Dollar under pressure. The Euro is struggling to find its feet after snapping a six-day losing streak, and EUR/USD remains hobbled by the 1.0400 handle.US ADP Employment Change figures showed stronger-than-expected results in January, with a net increase of 183K in payrolls, surpassing the anticipated drop to 150K from December’s revised figure of 176K. Although ADP job figures are an unreliable predictor of US Nonfarm Payrolls (NFP) expected at the end of the week, the increase is boosting investor confidence that the US economy remains on solid ground.Pan-European Retail Sales figures from December are due early Thursday. Median market forecasts expect an upswing to 1.9% YoY compared to the previous period’s 1.2%. However, December’s MoM figure is expected to swing lower to -0.1% from 0.1%.This week, the most important data release will be the US Nonfarm Payrolls (NFP) jobs report on Friday. Investors anticipate a decrease in January’s NFP figure to 170K from December’s 256K. Traders will also monitor revisions from prior months closely. Those expecting rate cuts have grown increasingly frustrated with the persistent strength of the US economy, as labor statistics often receive upward revisions afterward. EUR/USD price forecast  EUR/USD kicked off the midweek market session with a bullish […]

Image Source:  Elliott Wave Market Outlook & Trading Strategy  The S&P 500 () and Nasdaq 100 () are in an A-B-C correction for Wave (2), but the current move-up still needs confirmation as impulsive. Meanwhile, DAX 40, FTSE 100, and DJI could see a Wave c) of 2 lower, signaling caution before bullish confirmation.Trading Strategy: Awaiting Friday’s retracement (Wave ii) to assess long trade setups.🔹 Key Financial Events: US Earnings SeasonElliott Wave Analysis Overview SP500 (SPX): Wave v) of 1 of (3) Nasdaq 100 (NDX) Wave v) of 1 of (3) DAX 40 (): Wave b) of 2 FTSE 100 UKX (UK100) Wave b) of 2 S&P/ASX 200 (XJO): Wave 2Video Length: 00:26:16Video Chapters for In-Depth Analysis 00:00 SP 500 (SPX), SPY, ES 11:52 Nasdaq 100 (NDX) 14:19 DAX 40 (DAX) 16:24 FTSE 100 UKX (UK100) 18:00 S&P/ASX 200 (XJO) 20:01 NIFTY 50 22:22 25:53 EndAbout the Analyst Peter Mathers – TradingLounge Renowned for his expert Elliott Wave insights, Peter Mathers delivers actionable trading strategies and in-depth market analysis.Source: TradingLounge.com