A lot has been said and written about both the Democrat and Republican economic plans for a better economy. We believe in free enterprise and limited regulation, allowing humans to create and expand at their own will for the better but there is a vast difference between the two parties regarding the economic agenda. Most […]
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Weak NZ Inflation in 4Q 2015 may force RBNZ to cut rate
Read MoreIn December 9, 2015, the Reserve Bank of New Zealand (RBNZ) delivered a cut to the Official Cash Rate (OCR) by 25 bps to 2.5% but surprisingly $NZD/USD rallied on that same day from 0.6565 to 0.6759 (2.9% daily range) before closing at 0.6713 (2.3% increase). In subsequent weeks, $NZD/USD continued to rally further to 0.688 before finally turning lower […]
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EURJPY Short-term Elliott Wave Analysis 2.19.2016
Read MoreRevised short term Elliottwave structure suggests decline to 125.74 ended wave W. Wave X bounce is unfolding as a triangle where wave ((a)) ended at 128.25, and wave ((b)) is in progress and expected to complete at 124.9 – 125.5 area before turning higher in wave ((c)). We don’t like buying the proposed wave ((c)) bounce. […]
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Gold: Will the rally extend or fail?
Read MoreGold (XAU) formed a peak against most major world currencies in 2011. This included XAUAUD, XAUUSD, XAUGBP and XAUCAD while XAUEUR peaked a little later in 2012. This was an important peak and resulted in a few years of downward price action in Gold against all major World currencies. Since December 2015, Gold has been rallying […]
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EURJPY Short-term Elliott Wave Analysis 2.18.2016
Read MoreRevised short term Elliottwave structure suggests decline to 125.74 ended wave W. Up from this level, wave X bounce is unfolding in a double three structure where wave ((w)) ended at 128.17, wave ((x)) ended at 126.59 and wave ((y)) of X is in progress. Short term, while pair stays above 126.59, and more importantly above 125.74, […]