– RBA Rate Decision (Dec 1): 10:30 PM EST / 3:30 PM GMT  Australia’s Reserve Bank is due to interest Rate Decision in few hours and while Market anticipates official cash rate to hold stable at 2.00%, Traders will be looking for the Statement Release scheduled at 03:30 UTC Time, concerning the RBA’s monetary policy and […]

Thursday December 03 2015 – ECB Interest Rate Decision 14.45 – ECB Monetary Policy Statement and Press Conference 15.30 Friday December 04 2015 – European Gross Domestic Product (Q3 and YoY) – US Average Hourly Earnings – US Unemployment Rate – US Non-Farm Payrolls Wednesday December 16 2015 – FOMC ECB Monetary Policy Statement and […]

US Dollar Bulls: Don’t Run before you Walk! US Dollar has been trending higher since making marginal new lows in the daily chart on 8.24.2015. It is also closing in on 8.7.2015 peak, a break above that and the only hurdle left to break out higher would be 3.13.2015 peak. We keep hearing that FED could […]

Winning or Misery and the Market Psychology As everyone knows, the market has two sides and is very hard to forecast with a higher degree of acceptances. Market participants sometimes tend to forget the simple ideas that there are two sides trying to make money and been winners. The reality is that most traders lose […]

In this video, we take a look at the decline in EURCAD since 8/24 peak which we think is taking the form of a double three (WXY) Elliott Wave structure. WXY is a 7 swing structure and we think pair is close to ending the 5th swing i.e,. wave ((w)) of Y and is in […]