2020

The monthly nonfarm payrolls report will be coming out today from the US Labor Department. This will be the first payrolls report for this year, but the data covers the month of December. Overall, the expectations for December NFP are…
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The US-China trade deal was once again back in focus, pushing equities to resume the rally. The gains come after China said that its vice premier will be traveling to the US to sign the phase one of the trade deal. The announcement…
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The current SPX500 structure hints to a bullish impulse consisting of primary sub-waves ① -② -③ -④ and ⑤. With the first four parts of this 5-wave impulse fully completed, impulse ⑤ is still under construction. Taking into account the…
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Equity markets resumed the rally following Iran’s response to the US attacks. Investors remain hopeful that the tensions will not escalate too far. This has resulted in the precious metal retreating amid a surge in risk appetite.…
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The current USDJPY structure shows a cycle degree correction with wave a most likely followed by a corrective wave b. The latter hints to a primary degree zigzag, consisting of sub-waves Ⓐ-Ⓑ and Ⓒ, as seen above. At the time of writing,…
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Coming up later tonight, or early tomorrow depending on where you are, we have the first major bit of economic data out of Australia for the year. A better than expected trade balance might be what the market needs to reverse the…
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The US dollar is rebounding after a patch of strong economic reports from the United States. The ISM non-manufacturing PMI was higher at 55.0, beating estimates of 54.5. It was also higher compared to November’s print of 53.9. The…
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Closer to the end of last week we saw a surge that led prices to the completion of minor wave 3. The chart above indicates that the 5-wave minute upside structure was followed by a minor correction 4. This could be followed by a final…
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The current GBPUSD structure hints to a forthcoming bullish zigzag that is represented by cycle waves a-b and c. Wave a was completed with a 5-wave impulse move, whereas wave b is currently under construction. The corrective cycle…
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