Market Impacts The market got off guard with the outcome of the UK referendum to leave European Union. One of the biggest casualties is Poundsterling which tumbled 8% on Friday last week, the biggest single day drop on record. The currency hit 31 year low and momentum and also technicals suggest more weakness is likely. Global equities, […]

Short term Elliottwave structure suggests rally to 0.7504 ended wave ((w)), and pullback to 0.7283 ended wave ((x)). From 0.7283 low, pair ended wave (w) higher at 0.7512, and we take the more aggressive view and call wave (x) pullback completed at 0.7439 as pair has since broken above 0.7512 again. While pair now stays above wave (x) […]

One of the biggest risk events this year – the Euro referendum is finally here and the market will turn its focus on this event in the next few days. The referendum will take place on Thursday June 23rd from 7 am – 10 pm GMT or 2 am – 5 pm EST. All votes is expected to be finalized and counted by […]

Short term Elliottwave structure suggests rally to 0.7504 ended wave ((w)), and pullback to 0.7283 ended wave ((x)). As pair already breaks above 0.7504, it  has resumed the next leg higher in wave ((y)). Internal of wave ((y)) is unfolding in a double three where wave (w) is proposed over at 0.7512, and wave (x) is currently in progress […]

Short term Elliottwave structure suggests cycle from 5/12 peak (85.48) is unfolding as a flat where wave A ended at 82.88 and wave B ended at 85.51. Wave C is in progress as 5 waves where wave 1 of C ended at 82.65, wave 2 of C ended at 84.57, wave 3 of C ended at 79.3 and wave 4 of C […]

Short term Elliottwave structure suggests cycle from 6/8 peak (85.57) is unfolding as a triple three where wave ((w)) ended at 82.59 and wave ((x)) ended at 83.47. Wave ((y)) is in progress as a zigzag where wave (a) ended at 82.13 and wave (b) ended at 82.87. Wave (c) of ((y)) decline from there is currently in progress […]