Forex

The formation of the GBPJPY currency pair suggests the development of the final part of the cycle wave y. This wave takes the form of a double zigzag consisting of primary degree sub-waves Ⓦ-Ⓧ-Ⓨ. The last actionary wave Ⓨ is currently…

Usually, after companies report their corporate earnings, traders want to see the market moving higher. However, last week, after a host of corporate earnings came out, the stock market performance in the US was highly disappointing.…

EURUSD breaks resistance The euro inched higher after the eurozone’s Q2 GDP growth topped estimates. The pair has crossed above the 30-day moving average on the daily chart, a sign of unwavering interest from the demand zone at…

With the Olympics finally underway, discussions are at hand on how beneficial to the economy they will be. With past games putting economies under heavy pressure, could this actually happen to Japan? Join David and Daniel as they…

GBPUSD rises as recovery goes on As a top performer among G10 currencies, the pound climbs higher as the UK’s reopening gains traction. While concerns over the more contagious variant may not dissipate any time soon, and even if…

Today marks the unofficial mid-point of the second-quarter earnings season. By the end of the session, a little more than half of the major corporations across the world will have published their quarterly financial reports. This…

The current structure of the DXY index suggests that we are in a correction wave IV of a cycle degree. Its formation is similar to a large triple Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ zigzag. The first four parts of this zigzag have ended. Now we can expect that…