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...
USDCAD broke below the bottom trend line at 1.3435 of the price channel on its daily chart, suggesting that the uptrend started from the January 31 low of 1.2968 had completed at the May 5 high of...
The US dollar fell during the session on Monday, breaking below the 110 level rather early. We went sideways after that, but then try to break above that level. We found sellers again, and it now looks...
The US dollar went back and forth with a general negative attitude during the day on Monday. We continue to see the Canadian dollar enjoy strength due to the stronger-than-expected employment figures last week, but ultimately, I...
The British pound initially did very little at the open on Monday, but as the Europeans came back to work, you can see that we sliced through the 1.2750 level, and then broke down to the 1.2650...
The EUR/USD pair initially rallied on Monday, as we reached towards the 1.1225 level. We did pull back to the 1.12 handle, an area that should offer a certain amount of psychological support. If we can bounce...
