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Even a casual look at the quarterly reports that have been coming out during the latest earnings season shows that inflation is looming. Many companies report that they are seeing increasing prices from their suppliers, and are actively…
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The current EURUSD structure hints to a zigzag consisting of waves Ⓐ-Ⓑ-Ⓒ. The primary wave Ⓑ of the bearish pattern is a zigzag. Wave Ⓑ of (B) seems to have taken a triple zigzag W-X-Y-X-Z formation. The bullish price action suggests…
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Warren Buffett is probably the most well-known equity investor in the world today. And it's not just because he has managed to amass a significant amount of wealth. Buffett's unique investment style has gotten a lot of attention. In…
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The current oil formation hints at a bullish impulse V of a cycle degree. This impulse consists of primary sub-waves ①-②-③-④-⑤. In the medium term, we expect continued growth in primary wave ③. Following a slight decline in correction…
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Crude Stocks Soar Following two days of declines, oil prices shot higher midweek. The latest report from the Energy Information Administration showed a mammoth build in US crude stockpiles. The EIA reported that in the week ending…
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XAGUSD has seen a progressive double top in the last 6 months of trading, with another test looking likely. The recent headlines surrounding the metal led prices to another attempt at the high $29 level. Since the latest pullback, bulls…
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The consensus of expectations is that July will show that inflation has peaked, by coming in a little bit lower than in June. The rate is still quite high, but the Fed projects rates will return to normal by the end of the year. For that…
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Most people, even without a background in economics or finance know that inflation means that the value of a currency is going down. Broadly speaking, this is translatable in some sense to the currency markets. If one currency has higher…
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The FOMC meeting minutes come out this week on Wednesday. The minutes cover the Fed monetary policy meeting from late December. The central bank hiked interest rates by a quarter point bringing the Fed funds rates from 2.25% to 2.50%.…
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The DXY index is currently building a cycle trend in the form of a bearish 5-wave impulse. The first three parts of this impulse have ended, whereas the corrective leg IV is still under construction. Judging by the structure, it is a…
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Economic indicators are dime a dozen and the markets react in its own way. While some economic reports cause sharp movements in prices, some economic reports are just ignored. It suffices to say that not all economic indicators are created…
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