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The Institute for Supply Management will release the results of its non-manufacturing PMI survey. This will be one of the two main reports that will influence the markets this week. Economists are hoping that activity in the… Read More

Troops Sent to Middle East The situation between the US and Iran is looking even more precarious this week. Iran has threatened to take revenge on the US for its assassination of a top Iranian general. In response, the US has sent over… Read More

USD Rallies on Thursday The US dollar has started the first proper trading day of 2020 in the green with price recovering following a drift lower over fallow New Year’s Day trading which saw very light volumes. Data sets released so… Read More

Markets were trading somewhat quietly on Monday as the holiday season nears. A lack of fresh details on the US-China trade deal kept markets in check. Equities posted modest gains on the day. The USD was also on the back foot as trade… Read More

Now that the UK election is over, at least the political side of Brexit seems on firmer footing going forward. Therefore, attention is turning away from the divorce drama and back to the underlying data. The UK leaving in January… Read More

The current structure hints to a double zigzag consisting of primary sub-waves Ⓦ -Ⓧ and Ⓨ with the corrective move seeming to be part of a cycle degree wave IV. In the primary degree, wave Ⓨ, which is under development at the time of… Read More

Trade Deal News Weighs on USD The US dollar has started the week on a soft footing, though trading has been quiet so far today as traders digest the moves seen late last week. News of a last-minute trade deal between the US and China… Read More

Trade of the week: GBPAUD Keeps Calm and Moves Up Prime Minister Boris Johnson’s landslide victory may finally bring an end to the Brexit deadlock. In their biggest election win since Margaret Thatcher’s 1987 triumph, the Conservatives… Read More

Better Late Than Never Equities markets saw a late surge last week as news of a US-China trade deal broke. Markets had been trading with caution over the week. Many players feared that Trump would press ahead with his next round of… Read More

After extensive speculation, the US and China have finally agreed on the much-talked-about phase one trade deal. The announcement comes just before a fresh round of tariffs were to come into effect on goods imported from China.… Read More