2019

The big macroeconomic event for the week is coming up with the release of February US Non-Farm Payrolls (NFP) at 08:30 EST (or 14:30 CET). The release comes with a host of other data besides employment figures and has a habit of…
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An AB=CD corrective formation could take the index to 11980. We look to sell into rallies
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The U.S. dollar maintained the bullish momentum although the pace of gains was somewhat smaller. On the economic front, the data from the eurozone was relatively quiet. NY Trading Session The NY trading session saw the February private…
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The Fed Chairman, Jerome Powell gave his semi-annual two-day testimony to the U.S. Congress last week. In his testimony, Powell defended the central bank’s monetary policy actions and urged patience in its approach to interest rate hikes.…
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The U.S. Department of Commerce released the much-delayed GDP report for the third quarter last week. Data showed that the U.S. economy posted one of the best years of growth in nearly a decade. This marks a strong period of expansion,…
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Coming up tonight, the Aussie will be in focus with two key economic releases coming out at the same time.  Now with the RBA rate decision behind us, which led to a relatively muted response in the markets, market attention is turning to…
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The U.S. dollar posted strong gains on the day as commodities such as gold and silver continued to extend the declines. China announced that it was targeting a GDP growth rate of 6.0-6.5% for 2019. It raised the budget deficit to 2.8%…
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The European Central Bank will be holding its monetary policy meeting this week on Thursday. This will mark the second meeting this year. Expectations are for the ECB to start laying out plans for relaunching the Targeted Long Term…
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Could seen as a 5 wave Elliott Wave pattern. The 261.8% extension is located at 7340 (from 5802-6390). We look to this confluence area to get short
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