2020

Figuring out the market implications of political events is one of the more challenging aspects of market analysis. Everyone has their own views on the partisan issues involved. And it's no secret that people don't always have rational…
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The latest advanced GDP report from the United States showed that the economy grew by 2.1% on the quarter ending December 2019. This enabled the US to grow at a pace of 2.3% annually on the year. The data comes amid investor concerns of…
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The current structure hints to a completed triple zigzag pattern consisting of waves w-x-y-x-z. Since its conclusion at 1.2960, the cycle degree correction triggered some sizeable longs. This initiated the primary impulse wave Ⓐ. With…
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The week will be closing with some really interesting data. So interesting, in fact, that it's likely to get the undivided attention of the markets for several reasons. China is on holiday for the duration of the week, so the normal flow…
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The Federal Reserve Bank held its monetary policy meeting yesterday. As widely expected, the central bank left interest rates unchanged. It signaled that rates will remain steady while affirming its commitment to higher inflation. The…
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The current structure hints to further upside as part of the cycle degree w-x-y-x-z triple zigzag. With primary wave Ⓒ completed, the recent ascent could form a 5-wave move as part of the final bullish leg near 1.002. Since the…
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Throughout last week, the view of analysts was that the PMIs published on Friday would be decisive as to whether the BOE cut rates during its first meeting of the year. But, in the end, the data split the difference and just increased…
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The US dollar index is building upon the strong patch of economic data. The index is currently seen extending gains for four consecutive sessions so far. But the momentum could stall ahead of the FOMC meeting due later in the week. The…
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The Federal Reserve Bank will be concluding its two-day monetary policy meeting today. Heading into the interest rate decision, the consensus is loud and clear that the Fed will not tinker with the Fed funds rate, leaving them steady at…
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Despite the concerns about the potential economic impact from the wildfires and the spread of the coronavirus, the Australian Dollar has been moving higher this month. The data coming out next could give that trend a further nudge, and…
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