Low New Zealand Inflation Rate Increases Chance of a Rate Cut
New Zealand CPI (Consumer Price Index) only grew by 0.1% in the three months to March with annual increase of 1.5%. This is well below the 0.3% rate expected by…
Elliott Wave View Favors More Upside in BAC
Bank of America (BAC) shows an incomplete bullish sequence from December 25,m 2018 low, favoring further upside. In the short term update below, the rally from March 26, 2019 low…
Elliott Wave View: S&P 500 Futures Eyeing New All-Time High
Short term Elliott Wave view on S&P 500 Futures (ES_F) suggests that the rally from March 9, 2019 low (2726.50) is unfolding as a 5 waves impulse Elliott Wave structure.…
Elliott Wave View: Silver Extending Lower
Short term Elliott Wave view on Silver (XAGUSD) suggests that the decline from February 21, 2019 ($16.21) is incomplete. Structure of the decline from $16.21 is unfolding as a zigzag…
Elliott Wave View Favors More Upside in Facebook
Elliott Wave view on Facebook (ticker FB) suggests that the rally from March 19, 2019 low is unfolding as an impulse Elliott Wave structure. In the 1 hour chart below, we…
Gold Miners (GDX) Ready for Breakout
Gold miners as a group is unpopular since it topped in 2011 together with Gold. One well-known Index which represents major Gold Miners is the GDX. The Index topped in…
Elliott Wave View: Nikkei Still Missing Wave 5
Short Term Elliott Wave view on Nikkei Futures suggests the pullback to 20704 ended wave (2). The Index then resumed higher in wave (3) which ended at 21985. The internal…
Elliott Wave View: Further Strength in FTSE
Elliott Wave view on FTSE calls the rally from February 28, 2019 low (7041) as an impulse Elliott Wave structure. An impulse is a 5 waves structure with wave 1, 3,…
Daily Market News 4.5.2019
Welcome to the Daily Market News. Today's market close results: All major markets green across the board. Asian Markets: SHCOMP +0.94%, NIKKEI +0.38% US Markets: NASDAQ -0.05%, DJIA +0.64%, The…