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The Week Ahead: Risk On, Risk Off

EURCHF Holds Steady Ahead of ECB Rate Decision The common currency has given away its early June’s gains in the wake of the ECB’s massive stimulus of €1.35 trillion. The optimism-led surge has prompted short sides to cover their… Read More

USDCAD Double Zig-Zag Underway

USDCAD seems to be forming a double w-x-y zigzag of the cycle degree. Wave w of the bearish structure consists of primary sub-waves Ⓐ-Ⓑ-Ⓒ. Currently, we are in intervening wave x which will complete in a Ⓐ-Ⓑ-Ⓒ pattern. Since wave x is… Read More

The Week Ahead: Price of freedom

EURGBP Rises Over Brexit Impasse The euro was put back on track thanks to the 500 billion euro recovery fund recently agreed between France and Germany. The much-awaited stimulus package is likely to boost investor sentiment for the… Read More