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Since Prime Minister Theresa May announced she stepped down from leadership position, the market has started to adjust the expectation for a hard Brexit scenario. Selling pressure on Poundsterling has intensified as the new prime minister hopefuls Boris Johnson and Jeremy Hunt adopted a hardline approach. Under the previous leadership of Theresa May, market previously […]
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Elliot Wave View: Impulsive Decline in CADJPY
Read MoreCADJPY shows an impulsive decline from April 17. This article and video explains the short term Elliott Wave path for the pair.
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Strong GDP supports the US Dollar
Read MoreSummary A strong 3.2% U.S first quarter GDP indicates robust economy. Temporary drivers of the growth however may not be sustainable for the remainder of the year. Strong U.S. economic data can continue to boost global stock market and U.S. Dollar in the short term. The U.S Commerce Department reported a strong first quarter GDP […]
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Elliott Wave View: AUDUSD Impulsive Decline
Read MoreAUDUSD shows an impulsive move from April 17 high favoring more downside. This video looks at the short term Elliott Wave path for the pair.
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Elliott Wave View: EURUSD Remains Bearish in Shorter Cycle
Read MoreEURUSD sequence remains bearish since topping on February 2018. This article and video describes the short term Elliott Wave path for the pair.
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Low New Zealand Inflation Rate Increases Chance of a Rate Cut
Read MoreNew Zealand CPI (Consumer Price Index) only grew by 0.1% in the three months to March with annual increase of 1.5%. This is well below the 0.3% rate expected by the market. The RBNZ (Reserve Bank of New Zealand) annual inflation target is between 1%-3%. The latest result falls at the lower end of the […]
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USDMXN Is Holding Down the USDX from Rallying
Read MoreIn today’s blog, we will have a look between the relationship of the Dollar Index and the Mexican Peso. The USDMXN has been trading in the same direction as the Dollar Index and both have peaked in January 2017. As you can see in the following chart below. Dollar Index vs USDMXN 04/11/2019 Weekly Chart […]