2019

The Federal Reserve bank concluded its two-day monetary policy meeting on Wednesday. As widely expected, rates were left at the current levels. The central bank, in its forecasts, indicated that rates will remain at these levels. The…
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The current structure on the US Index suggests that the asset class could be on a bullish triple zigzag pattern. The medium-term pattern consists of cycle degree sub-waves w-x-y-x and z. Intervening wave x, which at the time of writing…
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The Fed's interest rate decision later today is only the first of several such meetings from major central banks. Both the SNB and ECB are projected to keep rates on hold tomorrow. However, we expect them to get extra attention for…
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News sources indicate that the United States and China are planning on a delay of tariff hikes due to kick in on December 15th. The Washington administration is expected to add 15% tariffs on over $165 billion worth of goods imported…
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The Federal Reserve will be holding its final monetary policy meeting for 2019 today. Heading into the meeting, no changes to interest rates are expected. The Federal Reserve last cut its rates in September this year, bringing the…
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Of the wide array of potential Democratic Party candidates to take on Donald Trump, one, in particular, stands out to traders. That candidate is Michael Bloomberg, owner of the eponymous media corporation. The interest stems from the…
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In the medium term, USDCNH seems to be forming a cycle degree corrective wave (wave IV) consisting of primary sub-waves Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ. The main chart pattern shows that sub-waves Ⓦ, Ⓨ and Ⓩ are standard bearish zigzags. They all consist of…
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The markets were trading relatively flat on Monday ahead of key events coming up. Britain is set to go to the polls this week, with odds currently in favor of the Conservative party gaining a majority. Elsewhere, the US-China trade…
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In the medium term, AUDUSD seems to be forming a bearish combination Ⓦ- Ⓧ- Ⓨ . Wave Ⓦ and intervening wave Ⓧ are fully completed, whereas wave Ⓨ is under development. At the time of writing, a zigzag consisting of intermediate…
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