Prospect of Brexit Deal Supports Poundsterling
The UK is going to leave the EU on 29 March 2019. However, currently the EU and UK have not reached agreement on the Irish border issue. In the last…
Canadian Dollar Rose after NAFTA agreement
Last week, Canadian dollar rose to its strongest since May against US Dollar over speculation that Canada and U.S. will strike a deal on NAFTA. News then come late Sunday…
Bank Nifty: Will Trouble in Financial Sectors Drag India Stock Market?
Volatility in India stocks spiked higher last week as panic set in the nation's financial shares and dragging down Bank Nifty and other benchmark Index. Investors confidence remain fragile after…
Apple (AAPL): Is the Next Trade War Decline Still a Buy?
The latest trade war between U.S. and China may affect U.S. companies with big operations in China, such as Apple. Saturday's report by The Wall Street Journal suggests that President…
Trade War Concern May Continue to Pressure Australian Dollar
Last Friday Australian Dollar dipped to a two-and-a-half-year low after it broke blow 71 US cents due to a rising US Dollar and escalation in US-China trade wars. The last…
Tesla Shares Tumbled as Senior Executives Leave
Tesla shares (TSLA) dropped sharply to as much as 10% to $252.25 in New York after the company disclosed that its chief accounting officer is resigning after less than a…
Market Participants Betting on Nafta Deal between US and Canada
The Canadian Dollar strengthened to a two month high against US Dollar earlier this week. Market participants seem to bet on possible inclusion of Canada in a new Nafta pact.…
AUDUSD Elliott Wave View: Downside Pressure Remains
Elliott Wave view on AUDUSD suggests that the decline to 0.7199 ended Intermediate wave (W). Intermediate wave (X) rally appears complete at 0.7382. The internal of Intermediate wave (X) unfolded…
AUDNZD Elliott Wave View: Further Downside Expected
AUDNZD Short-term Elliott Wave view suggests that the rally to 1.1066 ended Minor wave X. The internal subdivision of Minor wave X is unfolding as a zigzag Elliott Wave structure…