The aftermath of the 2008 financial crisis saw a massive deleveraging and repricing of risky assets, forcing many central banks in the world to adopt near-zero interest rate and in some cases introduce unconventional monetary policy like quantitative easing. Fast forward to 2016 today, after 7 years of near-zero interest rate policy, the Federal Reserve […]

Short term Elliott Wave cycle suggests decline from wave X at 118.38 is unfolding in a double three structure where wave ((w)) ended at 115.96 and wave ((x)) bounce is proposed complete at 117.48. While below 117.48, but more importantly as far as 118.38 pivot stays intact, pair is expected to resume lower in wave ((y)) towards […]

Short term Elliott Wave cycle suggests cycle from 12/4 peak at 134.58 remains alive as a double three where wave (W) ended at 127 and wave (X) bounce is in progress as a triangle. Wave A of (X) in the triangle is proposed complete at 129.08, and as far as bounces stay below this level, the triangle idea remains […]

Short term Elliott Wave cycle suggests cycle from 12/4 peak at 134.58 remains alive as a double three where wave (W) ended at 127 and wave (X) bounce is in progress as a triangle. Wave A of (X) in the triangle is proposed complete at 129.08, and as far bounces stay below this level, the triangle idea remains valid […]