Stock markets are trying to stabilize after news that First Citizens bought SVB. This can be a positive start of a new week, especially as stocks also finished higher on Friday. However, the US notes found some resistance, yeilds into a support so despite higher stocks, USD can see some recovery or it will stay stuck in range. So it can be a bit tricky this week, until correlations go back to normal; possibly after flash CPI from the euro area, and PCE inflation figures from the US, which can be the most important releases for the week. AUD CPI will also be in focus.
In todays Elliott wave Live session I will look at FX pairs, crude, JPY, and even cryptos.
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Webinar recording Monday Mar 27 2023