Virus Vaccine Hopes Support New Zealand Dollar
Two weeks' back-to-back good news on virus vaccine from Pfizer and Moderna have buoyed risk sentiment. Overnight news reports Moderna's COVID-19 vaccine has even a better 94.5% efficacy rate and…
Elliott Wave View: DAX Impulsive Rally Suggests Buyers in Control
Short term Elliott Wave view in DAX suggests the decline to 11450.76 ended wave ((2)). This pullback ended the correction to the cycle from March 16, 2020 low. Index is…
Elliott Wave View: Pullback in Dow Futures (YM) Should See Buyers
Dow Futures (YM) has broken to new all-time high above its previous high on February 13, 2020 at 29543. This suggests the bulls remain in control and the next bullish…
Elliott Wave View: USDJPY Rallies Higher Together with Indices
Short term Elliott Wave View in USDJPY suggests it is correcting the cycle from March 24 high. Structure of the correction is unfolding as an expanded Flat Elliott Wave structure.…
Bullish Sequence in Eurostoxx (SX5E) Favoring More Upside
Earlier this week, news came out that a vaccine from Pfizer and BionTech has a 90% effectiveness. It triggered a big rally in the market on Monday. The U.S. and…
Elliott Wave View: Bullish Outlook in Oil (CL)
Short term Elliott Wave View in Oil (CL) suggests it ended wave II at $33.65 on November 2. Internal of wave II unfolded as a zigzag Elliott wave structure where…
Elliott Wave View: Further Upside in Nasdaq (NQ) Expected
Elliott Wave View in Nasdaq (NQ) suggests it is currently within wave ((5)) from March low. The Index still needs to break above wave ((3)) at 12465.25 on September 2…
Elliott Wave View: S&P 500 E-Mini Futures (ES) Resumes Rally Higher
Short Term Elliott Wave View in S&P 500 E-Mini Futures (ES) suggests that the Index remains within the cycle from March low as an impulse Elliott Wave structure. The 60…
Emerging Market (EEM) Looking to Outperform US Indices
Emerging Market has been lagging the US market in the past 10 years. One ETF which tracks the Emerging Market's performance is iShares MSCI Emerging Market (EEM). The ETF gives…