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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Euro Fails to Weaken Despite ECB’s Monetary Stimulus
Read MoreLast week, ECB (European Central Bank) decided to reactivate the quantitative easing (QE) programme by €20bn a month. This time the program will be open-ended until Euro Zone’s inflation and growth outlooks return to satisfactory levels. In other words, it’s quantitative easing in perpetuity. ECB said the purchasing will only end shortly before the next rate […]
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Oil Shot Up 17% after Saudi Arabia’s Oil Refinery Attack
Read MoreIn early Saturday, Saudi Arabia’s oil processing facilities were hit by what initially thought to be drone strikes. Yemen’s Houthi rebels claim responsibility for the attack. The Houthi spokesperson claimed they deployed 10 drones for the attack. However, U.S. Secretary of State Mike Pompeo dismissed the claim and accused Iran instead. Iran denied the accusation […]
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Elliott Wave View: DAX Extends Higher in Impulsive Structure
Read MoreDAX rally from August 15 low is unfolding as an impulse Elliott Wave structure. This article talks about the short term Elliott Wave path.
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Elliott Wave View: S&P 500 (SPX) New All-Time High Imminent
Read MoreShort term Elliott Wave view suggests the rally in S&P 500 (SPX) from August 6, 2019 low is unfolding as an impulse Elliott Wave structure. In the chart below, we can see wave (1) ended at 2943.31 and wave (2) pullback ended at 2834.97. Internal subdivision of wave (2) unfolded as a running Flat. Wave A […]