European Central Bank during last meeting decided to extend the Quantitative Easing program by lowering the EU Banks Deposit Rate down to -0.30% from -0.20% and by postponing the QE expiry towards March 2017. While the Market was expecting more QE via lower Interest Rates and more monthly purchases above the 60bln as of today, […]

Revised short term Elliott Wave cycle suggests rally to 20060 ended wave ((X)). From this level, Index has turned lower in wave W with internal as a zigzag structure where wave ((a)) ended at 19395, wave ((b)) ended at 19840, and wave ((c)) lower is in progress as 5 waves. Near term, wave ((c)) of W is expected to […]

Short term Elliott Wave cycle suggests rally to 20060 ended wave ((X)). From this level, Index has turned lower in a double three structure where wave ((w)) ended at 19395, wave ((x)) ended at 19840, and wave ((y)) lower is in progress. Internal of wave ((y)) is unfolding as a double three structure and near term […]

We have 2 important news events for Canadian Dollar tomorrow on 12/08 2015 : -Building Permits  at 1:30 PM GMT(UK  Time) / 8:30 AM EST -Bank Of Canada Governor Stephen Poloz Speaks at 5:50 PM GMT(UK Time)/ 12:30 PM EST Both news events should ideally bring some volatility into CAD pairs, so they could finally complete current cycles. […]