On Friday, Bank of Canada (BOC) made another rate cut for the third time this month. The central bank lowered the interest rate by 50 basis points to 0.25%. This unscheduled rate cut is intended to provide support to the financial system and the economy during the COVID-19 pandemic. Prior to the cut, Canada has […]

Bank of England (BOE) decided to leave interest rate unchanged at a record low of 0.1% last week. This allows EURGBP to correct from seven month highs. After reaching the high at 0.95, EURGBP pulled back to 0.89 after BOE injected liquidity into the market The BOE has already cut the interest rate by 65 […]

In this blog, we are going to take a look at the Elliottwave chart of USDNOK.  The chart from March 13 London update shows that the cycle from March 9, 2020 low unfolded as 5 waves impulsive structure. The rally in wave ((iii)) ended at 10.2785 high.  Based on Elliottwave theory, a 3 waves pullback […]

U.S Dollar demand is so high as a result of the corona virus pandemic that now there’s a squeeze in the credit market.  The dollar soared this week as investors liquidated positions across a broad range of assets, including stocks, gold, and bonds, to meet margin calls and raise cash. . Big corporations around the […]

DXY cycle from March 09, 2020 low is showing an impulse rally favoring more upside. This article & video looks at the Elliott Wave path.

USDJPY cycle from March 09, 2020 low is showing a higher high sequence favoring more upside. This article & video looks at the Elliott Wave path.