Fundamental Analysis By Daniel John Grady On Apr 17, 2023 China will report its much anticipated Q1 GDP growth figures tomorrow, along with a couple of other figures that would otherwise be market moving. China is the first major world economy to report its GDP for this cycle, and investors co.....

Technical Analysis By Roman Onegin On Apr 17, 2023 AMZN in the long term suggests the formation of a bearish correction b, it has the form of a zigzag Ⓐ-Ⓑ-Ⓒ of the primary degree. As a few weeks ago, we see a continuation of the depreciation of stocks in the final intermediate wave 5 of (5) o.....

Technical Analysis By Jing Ren On Apr 17, 2023 EURUSD seeks support The US dollar rallies as Fed officials insist on the need to continue hiking rates. A decisive break above this year’s high of 1.1030 has put the euro back on track after two months of consolidation. A bullish extension may s.....

Technical Analysis By Jing Ren Last updated Apr 17, 2023 GBPUSD awaits inflation catalyst The higher beta pound edged higher supported by improved global market sentiment. The rate differential has tilted in the pound’s favour after market participants bet on an end to the Fed’s tightening ca.....

EUR/USD: The Dollar Continues to Sink The DXY dollar index updated a 12-month low last week, and EUR/USD, respectively, rose to a maximum (1.1075) since April 04, 2022. The US currency has been falling for the fifth week in a row: the longest series since summer 2020. The dollar received a serious....

Technical Analysis By Jing Ren On Apr 14, 2023 GBPUSD continues higher Sterling advanced after an upward revision to January’s growth in Britain. The pair has held well following its break above the double top at 1.2440 on the daily chart with 1.2350 established as a solid support. A close ba.....

VideoTechnical Analysis By Gregor Horvat On Apr 13, 2023 In today’s advanced #ElliottWave analysis, Gregor dives into the five most interesting opportunities for the week ahead! Watch how he analyses #equities, #FXMajors, and #Commodities and discover how he applies EW principles to come ...

Fundamental Analysis By Daniel John Grady On Apr 13, 2023 Tomorrow sees the unofficial start of Q1 earnings seasons with reports from the largest banks in the US. Given the recent crisis in the financial system that saw three regional banks in the US collapse, plus the emergency takeover of Cr.....

VideoTechnical Analysis By David Kindley On Apr 13, 2023 Gold managed to maintain the $2,000 level as bulls look for another run to the upside. The bias for the yellow metal is still solid as the impact of deceleration in America shows inflation could stay for longer. The early session ha...

Technical Analysis By Jing Ren On Apr 13, 2023 The USDCHF pair most likely forms a triple zigzag pattern Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ. The final primary wave Ⓩ can end in the form of a standard intermediate zigzag (A)-(B)-(C). Wave (A) is a 5-wave bearish impulse and wave (B) has a horizontal internal structure.....

Technical Analysis By Jing Ren On Apr 13, 2023 USDCHF breaks lower The US dollar tumbled over cooling inflation in March. The price action has remained under pressure after it dropped below the daily support of 0.9070. A limited rebound saw stiff selling pressure at 0.9120 with a shooting sta.....

Fundamental Analysis By Daniel John Grady On Apr 12, 2023 Cable is back in focus with a data point that could move the consensus on what the BOE will do at its next meeting. The latest survey of economists shows a 67% chance that there will be another quarter point rate hike. The remainder exp.....

Technical Analysis By Roman Onegin Last updated Apr 12, 2023 The USDCNH pair is building a double zigzag w-x-y of the cycle degree. On the current chart, we see that the intervening wave x has ended in the form of a double zigzag Ⓦ-Ⓧ-Ⓨ of the primary degree. It is assumed that the initial par.....

Technical Analysis By Jing Ren On Apr 12, 2023 EURUSD bounces back The euro inched higher as retail sales across the bloc beat expectations in March. After bouncing off the daily swing low of 1.0540 the single currency is striving to resume its uptrend from last November. The latest pullback .....

Fundamental Analysis By Daniel John Grady On Apr 11, 2023 At the moment, just under three quarters of traders are expecting the Fed to hike at the next meeting, and the remainder expect a pause. There was a substantial shift in those expectations following the March jobs numbers. Before, the e.....

VideoTechnical Analysis By David Kindley On Apr 11, 2023 Bitcoin has pushed over $2k since the start of the week as bulls enter the market. This caps off a $10k push MoM since the start of the banking crisis. Are we now heading for a correction, or will the crypto currency topple the $35k...

Technical Analysis By Roman Onegin On Apr 11, 2023 The current chart shows that NZDUSD in the long term could form a corrective zigzag pattern consisting of primary waves Ⓐ-Ⓑ-Ⓒ. The first impulse wave Ⓐ has ended. A bearish correction wave Ⓑ is under development which is similar to a zigzag (.....

Technical Analysis By Jing Ren On Apr 11, 2023 GBPJPY bounces back The Japanese yen softened as the new BoJ governor Ueda pledged to stick to the ultra-loose policy. The pound is probing the support-turned-resistance of 166.00 from last December’s sell-off, with a couple of shooting stars on .....

Fundamental Analysis By Daniel John Grady On Apr 10, 2023 So far, the central banks of commodity currencies have been going in opposite directions. On the one side was the RBA, which kept rates steady despite high inflation. The Australian market was seen as more vulnerable to disruption from .....

VideoTechnical Analysis By David Kindley On Apr 10, 2023 The gold price has extended the correction after the $2k level was broken. Investors are anticipating a rebound in US inflation figures on Wednesday. This comes after solid labor figures during the NFP result, which boosted the gree...

Technical Analysis By Roman Onegin On Apr 10, 2023 For the USDCAD currency pair, a triple zigzag with cycle waves w-x-y-x-z is emerging. At the time of writing, the final actionary sub-wave z is forming. This could be a primary double zigzag Ⓦ-Ⓧ-Ⓨ, where the sub-waves Ⓦ-Ⓧ are formed. Now the .....

Technical Analysis By Jing Ren On Apr 10, 2023 USDJPY attempts to bounce The US dollar strengthens as March’s jobs data shows solid fundamentals. The price action is at a crossroads on the daily chart, with a bearish MA cross suggesting an acceleration to the downside on the one hand and a te.....

EUR/USD: Fed rate Divination Continues The dollar seems to be either weakening or not. On the one hand, the DXY dollar index updated a two-month low on April 4, falling below the support of 101.50, and EUR/USD rose to a new high of 1.0972. On the other hand, the pair returned by the end of last we....

Technical Analysis By Jing Ren On Apr 7, 2023 EURUSD rises on solid economic recovery The euro edges higher as sturdy fundamentals may allow the ECB to stay hawkish. Judging by the latest PMIs, business activity in the euro zone continues to recover, mostly across service sectors. Decent econ.....

Fundamental Analysis By Daniel John Grady On Apr 7, 2023 After coming back from parity late last year, the Euro has been steadily rising for months. As it’s getting close to the technically significant 1.1000 handle, it’s worth having a look at the fundamentals. Is there enough drive to push t.....

Technical Analysis By Roman Onegin On Apr 7, 2023 We talked about the SPX500 index a few weeks ago. Today we see that the market continues to develop a major impulse consisting of sub-waves I-II-III-IV-V, or rather its final part. It is assumed that the cycle correction IV was completed in th.....

Technical Analysis By Jing Ren On Apr 7, 2023 USDCAD struggles to bounce The Canadian dollar finds support from lower jobless rate in March. On the daily chart, the pair has found some support in the demand zone (1.3400) from the mid-February rally. A series of higher lows indicates mounting .....

Fundamental Analysis By Daniel John Grady On Apr 6, 2023 The release of US March NFP this time around is going to be unique for a couple of reasons. First, as a reminder, it’s happening on Easter Friday when markets are closed. Any potential reaction would have to wait until Monday’s Asian ses.....

VideoTechnical Analysis By Gregor Horvat Last updated Apr 6, 2023 In today’s advanced ElliottWave analysis, Gregor dives into the five most interesting opportunities for the week ahead! Watch how he analyses #equities, FXMajors, and #Commodities and discover how he applies EW principles t...

Technical Analysis By Roman Onegin On Apr 6, 2023 In the long term, AUDUSD seems to be forming a global correction b of the cycle degree. This takes the structure of the primary double zigzag Ⓦ-Ⓧ-Ⓨ. As part of the actionary wave Ⓨ, the intermediate correction (B) has ended as a triple zigzag .....