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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USD Falls After the Fed Saw No Rate Hike Until 2021
Read MoreLast week, US Dollar fell across the board after the Fed signaled it will leave policy unchanged for an extended period of time until 2021. The Fed maintained the interest rate unchanged at 1.5 – 1.75%. They also kept the forecast of inflation and GDP unchanged. The central bank’s median rate is forecast to hold […]
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FXE Longer Term Cycles and Elliott Wave
Read MoreFXE Longer Term Cycles and Elliott Wave Firstly as seen on the weekly chart shown below the instrument made a high in April 2008. There is data back to December 2005 in the ETF fund. Data correlated in the EURUSD foreign exchange pair suggests the high in April 2008 was the end of a cycle up […]
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Elliott Wave View: Nikkei Should Extend Higher
Read MoreElliott Wave view in Nikkei (NKD_F) suggests that the Japanese Index ended wave (4) on December 3 at 22898. This is part of a bigger impulsive 5 waves rally from August 25, 2019 low (not shown on the chart). Up from August 25, 2019 low, wave (1) ended at 21970, wave (2) pullback ended at […]
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CHFJPY Calling the Rally After Double Three Elliott Wave Correction
Read MoreIn this blog, we are going to look at the recent developments in CHFJPY forex pair. CHFJPY rally from 10.4.2019 (106.72) to 10.21.2019 (110.39) was in 3 waves and unfolded as a zigzag Elliott wave structure. Then pair pulled back to correct the cycle from 10.4.2019 low, it did 3 waves back to 109.11 but […]