The US dollar initially fell against the Japanese yen on Thursday, but found enough support near the 112.50 level to turn around and bounce. I think that the market will continue to find buyers underneath, so I...
The USD/CAD pair exploded to the upside as the Canadian trade deficit continues to expand. Ultimately, we broke above the 1.25 handle, and for me that’s a very bullish sign. Given enough time, the market should then...
The British pound initially went sideways on Thursday but then broke down rather significantly. We reached down towards the 1.31 handle, and breaking below the 1.32 level for me was a very negative sign. I think that...
The EUR/USD pair initially went sideways on Thursday, but then rallied a bit. However, we found enough resistance near the 1.1780 level to turn around and fall significantly. We are testing the 1.17 level as I write...
The Australian dollar fell precipitously during the session on Thursday, crashing into the 0.78 level. This is an area where we have a bit of a “hard floor”, and having said that it’s likely that the buyers...
NZDUSD could be in for more losses as price formed a head and shoulders pattern on its daily time frame. Price is also testing the neckline around the .7100 major psychological mark and a breakdown could send...
Short term Elliott wave view in Nikkei suggest that the cycle from August 29.2017 low (19055) is unfolding in 5 waves pattern. However looking at the internal subdivision of each wave the bounce looks corrective in nature with upside...
What is OBOR (One Belt One Road) One Belt One Road (OBOR) is an initiative originally coming from China’s president Xi Jinping in 2013. The plan is the single biggest initiative since the opening up of China...
The US dollar initially fell against the Japanese yen during the day on Wednesday, but found enough support near the 112.25 level to turn around and rally significantly. By the end of the day, we have gained...
The USD/CAD pair initially fell on Wednesday but found enough support near the 1.2450 level to turn around and rally towards the 1.20 level. However, this is a market that is very choppy due to several factors...
