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Elliott Wave View: S&P 500 (SPX) Remains Buy in the Dips
Read MoreS&P 500 shows incomplete sequence from Dec 26, 2018 low favoring more upside. This article & video show the Elliott Wave path.
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Speculation on ECB Bond Purchase Put Pressure to Euro Dollars
Read MoreSpeculation on ECB Fresh Bond Buying Put Pressure to Euro Dollars ECB President Mario Draghi gave a hint last month that the central bank will need to add monetary stimulus if the economic outlook doesn’t improve. The Euro Zone economy has been in a slump for more than 1 year as global trade tensions and […]
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Elliott Wave View: GBPUSD Ending 5 Waves Move
Read MoreElliott Wave View suggests the move lower from March 13, 2019 high (1.3381) is unfolding as an impulse Elliott Wave structure. In the short term chart below, the bounce to 1.2784 ended wave 4 as part of the impulse move from March 13 high. Pair is currently within wave 5 and the internal also unfolds […]
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Elliott Wave View: An Impulsive Rally in Bausch Health (BHC)
Read MoreBausch Health (BHC) shows an impulsive rally from June 4 low and the stock can see more upside while dips stay above there.
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Strong NFP Report Tempers Fed’s Rate Cut Expectation and Boosts US Dollar
Read MoreJobs report for the month of June came above the expectation, tempering the hope of a Fed’s rate cut. June NFP (Nonfarm Payroll) rebounded to 224,000 after a disappointing 72,000 May figure. Unemployment rate increased to 3.7% while average wage gains increased less than expected at 3.1%. The gain however might not be enough to […]
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Elliott Wave View: AUDUSD Strength Should Resume
Read MoreAUDUSD is correcting the rally from June 18, 2019 low in a Flat structure. This article and video show the Elliott Wave path.