U. S. Dollar – Biased lower Last Friday, Non Farm Payroll number came out very weak with job growth increased only by +38K in May, far below the consensus of +160K. This is one of the largest misses since 2011 and cooling off the expectation of rate hikes. Further adding to the woe, April’s job gains was also […]

Elliott Wave Theory Structure : A Running Triangle  Triangles are overlapping five wave structures. They subdivide into five, three swing moves as 3-3-3-3-3 that give pause to a trend. This consolidates the progress made during a trending move that can be either bullish or bearish. These will only show up in the fourth waves of […]

Here is a quick blog from our Live Trading Room host, Dan Hussey. Take a look at how to manage your risk by using inflection zones and Elliot Wave to your advantage. The Live Trading Room is held daily at 8:00 AM  EST , join Dan there for more insight into these proven methods of trading. Inflection zones […]

Here is a quick blog from our Live Trading Room host, Dan Hussey. Take a look at how to manage your risk by using inflection zones and Elliot Wave to your advantage. The Live Trading Room is held daily at 8:00 AM  EST , join Dan there for more insight into these proven methods of trading. Inflection zones […]

The May 18th FOMC Meeting Minutes contains direct references to a potential rate hike at the next June 14 – 15 FOMC meeting. Recall in March meeting, the Fed Dot Plot chart (see below) suggests that Fed believes two rate hikes this year is the likeliest outcome, albeit with the usual data dependent clause. Since […]

The video below is a short clip captured from London Live Analysis Session held on May 5 /2016 where EWF Analyst Hendra Lau is showing  Elliott Wave count of $USDCAD forecasting the rally from precisely determined technical area: 1.2806-1.2723. The pair has already given nice results, proposed (X) pull back ended as double three structure at […]