Jobs 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 […]

AUDUSD is correcting the rally from June 18, 2019 low in a Flat structure. This article and video show the Elliott Wave path.

S&P 500 Futures (ES_F) shows a bullish sequence from Dec 26, 2018 low favoring more upside.This article and video show the Elliott Wave path.

Short Term Elliott wave view in Gold suggests that the decline to $1381.42 low on July 1 ended wave (4). Above from there, the yellow metal is rallying higher as an impulse Elliott Wave structure looking for more upside within wave (5). Up from July 1 low, wave 1 ended at 1396.35 and wave 2 pullback […]

AUDJPY shows a 5 waves impulsive rally from June 18 low favoring more upside. This article and video shows the Elliott Wave path.

The highly anticipated meeting between the U.S. and China during G20 meeting in Japan has concluded. Both parties agree to resume the trade talks and the U.S also agreed to put on hold additional tariffs on $325 billion Chinese goods for the time being. The U.S. previously has threatened to slap 25% tariffs on all […]