2019

The simple answer appears to be a near-universal, "yes". It seems that the only open question now is whether it will be a 25 basis point cut or a 50 pointer. Last week´s inflation report showed that it had slipped by a hair below the…
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Investors remain cautious as the risk of a no-deal Brexit puts focus back on the UK. This comes amid a lack of any new reports on the US-China trade deal. Economic data also remains sparse for the USD. There were some speeches from Fed…
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The GBPUSD formation hints to a 5-wave impulse pattern consisting of cycle degree waves I-II-III-IV-V. Looking at the 4H chart, we can assume that bears could push prices lower to complete intermediate wave (A) as part of the primary…
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Overnight, we have the last major economic data from New Zealand and Australia for the year. After that, we can expect their pairs to slip into vacation mode for the next couple of weeks. It seems that the two countries whose currencies…
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This week will see the continuation of central bank meetings, with the Bank of Japan and the Bank of England meetings on the docket. The meetings come at a time when some of the global risks are starting to show signs of progress. The…
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The US dollar continues to hold steady amid a quiet few days. Economic data from the US was confined to the building permits report. US building permits rose by 1.48 million, while housing starts grew by 1.37 million. Both the numbers…
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The current USDJPY structure hints to a cycle degree bullish impulse (wave V) consisting of primary sub-waves ①-②-③-④ and ⑤. Wave ④ of this pattern is a completed triangle. Advanced price action theory suggests that the first part of the…
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Markets were trading somewhat quietly on Monday as the holiday season nears. A lack of fresh details on the US-China trade deal kept markets in check. Equities posted modest gains on the day. The USD was also on the back foot as trade…
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Now that the UK election is over, at least the political side of Brexit seems on firmer footing going forward. Therefore, attention is turning away from the divorce drama and back to the underlying data. The UK leaving in January…
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