2023

The NZDUSD pair seems to be forming a correction zigzag pattern consisting of three primary waves Ⓐ-Ⓑ-Ⓒ. The first impulse wave Ⓐ has been successfully completed. The bearish correction Ⓑ is under development, its structure is…
Read More

GBPUSD seeks support The US dollar recoups some losses ahead of the FOMC this Wednesday. The latest horizontal consolidation has managed to stay above the 30-day SMA and suggests that the bias remains bullish in the medium-term. A…
Read More

Since the banking crisis last month, there have been two main reasons that central banks have toned down the hiking. The first one is relatively straight-forward and obvious. The second one gets mentioned in passing, but few articles delve…
Read More

EURUSD advances ahead of ECB hike The euro firms up as the ECB is expected to lift interest rates by 25 basis points. On the surface, Eurozone headline inflation slowed down last month but core readings remained stubbornly high. The…
Read More

Get ready to trade the NFP LIVE with our leading experts!  Join our resident US market specialists, David Kindley and Daniel John Grady for an exclusive live webinar on the upcoming Non-farm Payrolls release, on May 5, 2023.  All eyes…
Read More

Three weeks ago we talked about the SPX500 index. We see that the market is still continuing the development of a large impulse consisting of sub-waves I-II-III-IV-V, or rather its final part. In the autumn of 2022, a cycle…
Read More

Markets turned lower through the week as investors are once again worried about a liquidity crisis among US regional banks. The space had calmed down over the last couple of weeks, as no new bad news allowed investors to focus elsewhere.…
Read More

NZDUSD tests critical floor The US dollar advanced as the core PCE accelerated in Q1. The pair is hovering above the daily support of 0.6090 as kiwi buyers struggle to hold on to their gains. Rebounds have been capped so far which…
Read More