We wrote in our previous article that Canadian dollar may get a bid if NAFTA (North America Free Trade Agreement) is successfully renegotiated. The three countries under NAFTA (U.S., Canada, and Mexico) are all under pressure to reach a deal soon. The reason is because of Mexico’s presidential election in July as well as US […]

How Bullish is the US Dollar? The strength in US Dollar (DXY) in the past two months prompts the question: Has US Dollar resumed the bullish trend? In this video and analysis below, we explain and rank the most likely path in the DXY. We use the $USDPLN (Poland Zloty) to explain the most likable […]

On Tuesday at 2 PM Eastern Time, U.S President Donald Trump is expected to announce decision whether he will withdraw from the 2015 Iran nuclear deal. Trump has long been known to criticize the 2015 accord, known as JCPOA (Joint Comprehensive Plan of Action). The deal was originally signed by Iran, the Obama Administration., Russia, […]

AT&T ($T) shows a bearish sequence from 7/5/2016 high in the form of a zigzag Elliott Wave Structure in which wave “a” ended at $32.55 on 11/8/2017 low and wave “b” ended at $39.33 on 12/25/2017 high. The stock has made a new low below wave “a” at $32.55 therefore confirming the next leg lower […]

Bank of Canada on Holding Cycle due to NAFTA’s Downside Risk Bank of Canada has signaled it’s not in a rush to pursue aggressive interest rate hikes. The Bank cited one of the reasons as NAFTA’s downside risk. With the U.S. threatening to withdraw from NAFTA, it could push up cost, prices, and hurt economic […]

Consumer Staple Sector (XLP) is Underperforming Consumer Staples Select Sector SPDR ETF (XLP) is a basket of 34 companies in the consumer staple sector from the S&P 500. The fund’s holdings are nearly all large-caps. This sector usually shows comparative strength during period of market turmoil. They have also been a popular choice for income […]