Browsing Category
Forex
Euro Declines to Multiyear Low!
Euro fell sharply to an April ’17 low against the #greenback as investors seem to be pricing in a poor German and EA GDP prints. Pound, on the other hand, surged above the 1.30 round resistance on hopes BoJo will have an easier job keeping… Read More
EC Maintains Growth Forecasts for Eurozone
The European Commission released its winter forecast.
The report was slightly optimistic, pointing to a path of steady but moderate growth. The growth projections were unchanged.
The economy is forecast to grow at a rate of 1.2% both… Read More
SPX500: Bullish Impulse Looks Complete
The current SPX500 structure suggests that the cycle degree impulse wave is now completed on a fresh high. The bullish wave consists of primary sub-waves ①-②-③-④-⑤.
With the conclusion of intermediate wave (5) near 3383 we presume that… Read More
Q4 European GDP & the Euro Reaction
The week is going to close with a bang for euro traders.
There is a host of economic data coming out in the morning that routinely riles up the markets. Key among them is the much anticipated quarterly GDP figures from Germany and then… Read More
US Crude Stocks Surge Higher
Crude Inventories Rally
Crude prices have been fighting to reclaim some higher ground this week. However, the rally was capped on Wednesday by the latest report from the Energy Information Administration. The EIA reported that in the week… Read More
US Jan 2020 Retail Sales Preview
The monthly retail sales report will be coming out tomorrow. The retail sales report will indicate the level of spending by US consumers at retail outlets during the first month of the year. The overall consensus for January is somewhat… Read More
China Revises Coronavirus Data!
With euro soft amid poor data and yen strong as Hubei added 15,000 new Coronavirus cases, EURJPY is poised to decline further! Meanwhile, the Mexican peso has been doing great lately, and sentiment could continue being positive following… Read More
Equities maintain a steady grip
Equity markets are holding steady as they trade close to the all-time highs. This comes amid a mixed investor sentiment. Gold prices also continue to hold steady. The economic calendar is generally quiet and Powell’s speech did not give… Read More
USDJPY: 110.94 Could Complete Primary Impulse Ⓒ
The current USDJPY structure hints at a cycle degree bullish zigzag y consisting of primary waves Ⓐ-Ⓑ-Ⓒ.
Sub-waves Ⓐ and Ⓑ are fully completed, wave Ⓒ , however, is still under development. Wave Ⓒ consists of intermediate waves… Read More
Another Rate Cut Out of Mexico?
Mexico no longer has the highest interest rates in the world. But, that doesn't mean their central bank isn't still looking to ease further.
Inflation hasn't picked up significantly since the Banxico embarked on its latest easing cycle.… Read More