The US dollar did very little against the Japanese yen on Tuesday, as we wait for the results of the FOMC meeting. Quite frankly, this is not a huge surprise, but I do believe that eventually we...
The USD/CAD pair fell apart during the session on Tuesday again, reacting to comments coming out of Bank of Canada member Carolyn Wilkins, suggesting that perhaps the Canadian central bank will have to taper off a quantitative...
The British pound continues to be one of the more volatile currencies around the world, and that makes quite a bit of sense as we have had so many shocks over the last several months. I still...
The EUR/USD pair had a relatively quiet session on Tuesday as we await the Federal Reserve meeting results at the end of the day today. Because of this, the market may be quiet over the next 24...
The Australian dollar try to rally during the session on Tuesday, but found enough resistance above the turnaround for a bit of a shooting star. I believe that the market will continue to try to rally though,...
The Fed will soon embark in an uncharted water of Quantitative Tightening (QT). In the aftermath of 2008 global credit crisis, the world central banks went into the biggest experiment in monetary policy called Quantitative Easing (QE)....
Today’s price action confirms that a possible top has been formed at the June 2/2017 high and EURCAD can be on the way lower to close a market gap that formed on April 23/2017. The turn lower...
Firstly, I suspect the bounce is technical or at a minimum immaculate timing of the news to go with the technical view. This large multinational organization & conglomerate’s CEO of the past few years Jeff Immelt just announced...
Ripple is the third-largest cryptocurrency by market capitalization, after Bitcoin and Ethereum. It’s distributed financial technology allows banks to efficiently settle transactions in real time. An alternative to today’s global payment infrastructure, Ripple eliminates time delays and ensures...
Short term GBPJPY Elliott Wave view suggests the decline from 5/10 high shows a 5 swing sequence, thus favoring more downside. Decline from 5/10 high is unfolding as a double three Elliott Wave structure. Down from 5/10 peak (148.11), Minor wave...
