Short term Elliott Wave view in NZDUSD suggests the decline to 0.6844 low ended cycle from 3/21 high in Minor wave W. Pair is currently correcting cycle from 3/21 high in 3, 7, or 11 swing in Minor wave X before the decline resumes. The rally from 4/27 low (0.6844) looks to be unfolding as a double […]

NZD USD is showing 5 swings down from 2/6/2017 (0.7375) which means it’s an incomplete Elliott wave sequence and calls for another swing lower to complete 7 swings down from 2/6/2017 (0.7375) peak. First 3 swings completed on 3/9/2017 (0.6886) and bounce to 3/21/2017 (0.7091) was the 4th swing. Pair has since made a new low below […]

Freeport McMoRan Incorporation (NYSE: FCX) is the world’s largest publicly traded copper and molybdenum producer and it’s also a major producer of gold but almost 70% of revenues are from the sale of copper. The Phoenix, Arizona-based company is primarily engaged in mineral exploration and development, mining and milling of copper, gold, molybdenum and silver, as well as the smelting and refining […]

As part of President’s Trump campaign pledge, he wants to sharply reduce the tax rate for all businesses from multinational corporations to mom-and-pop shops to 15%. Treasury Secretary Steven T. Mnuchin said this is the biggest tax cut and the largest tax reform in the U.S history. Currently the U.S. corporate tax rate is 35% […]