2019

It appears that Mexico's inflation is finally getting under control. But, at the same time, the economy is starting to sputter. So far it has only barely escaped a technical recession, with growth far from prior levels. But, the Central…
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Fed Chair Jerome Powell started his two-day testimony to Congress. In his opening remarks, Powell said that the central bank was comfortable with the current US rates. He attributed the slowdown in the third quarter due to the…
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The eurozone will be releasing its second revised estimates on the gross domestic product data. The report covers the economic performance for the third quarter ending September. This will be the second revision to the GDP. The…
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USDJPY seems to be nearing the end of a primary bullish impulse pattern consisting of waves ①-②-③-④ and ⑤. With primary and intermediate waves one, two, three and four completed, we can now expect the final leg to finalize minor wave 5,…
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Coming up in the early hours of tomorrow, we have some key data that routinely moves the Asian commodity currencies. There is likely some pent-up fundamental energy in the market since we haven't had much in the way of major data…
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The US dollar index was trading in the green on Tuesday. This comes a day after prices fell, snapping a five-day gain. Economic data from the United States was sparse. President Trump spoke late Tuesday at the Economic Club of New York.…
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The monthly consumer price index data will be coming out later today. General estimates point to a modest increase in inflation during the month of October. Economists forecast that consumer prices will rise 0.3% on the month. Meanwhile,…
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A successful break below 1459 support seems to suggest that XAUUSD is forming a  double zigzag pattern. The complex bearish formation consists of intermediate waves (w)-(x)-(y), which are part of a longer degree formation consisting of…
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We could be heading into some significant volatility for the NZD later tonight in the lead up to and in the aftermath of the RBNZ interest rate decision. There is an increasing chance that the bank might take action, with this being the…
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Ideally, this question would have a single-word answer: No. If you have a responsible broker, that's pretty much it. But, things with the forex markets are always a little more complicated than they should be. And there are some things…
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