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Tag Archives: april

EUR/GBP: Market Poll?

The Bank of England decided to leave its current policy unchanged at the most recent Monetary Policy Committee meeting of 14 April. The BOE remained focused on the British economy. The statement referred to low food and energy prices which the bank expects...

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JPY: Trading BoJ: Preview, Strategy, Risk – BofA Merrill

Tension is much higher after the recent reports that the BOJ could be willing to pay banks for them to lend. What’s in store for the April 28th meeting? Here is a preview from Bank of America Merrill Lynch: Here is their view, courtesy of eFXnews: The BoJ...

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Elliott Wave Analysis on EURUSD and USDCAD

EURUSD EURUSD has turned up in mid-March making the bullish price structure much more complicated. We are looking at the big blue wave C-circled, that can be finished now if we consider sub-waves on the 4h chart where we ...

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Elliott Wave Analysis on EURUSD and USD index

EURUSD So far EURUSD is turning nicely down, but for now only with three waves that can either be a new bearish impulse or a correction, but in both cases there is room for a decline to 1.1280. EURUSD, 1H USD Index ...

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Yen remains volatile

We’ve seen a modest reversal in the yen overnight after the move below 110 on USDJPY appeared to trigger a wave of stops to below the 108 level as longer-term positions were shaken out of the market. Comments from Finance Minister Aso overnight referred to the undesirability to rapid yen movements, referring to recent movements The ...

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Elliott Wave Analysis on USDCAD and USDJPY

USDCAD USDCAD fell to a new low last week after wave four circled has accomplished a corrective pullback at 1.3299. From there we have seen a nice impulsive decline which looks like wave 5-circled, the final leg of a big bearish five wave fall so traders have to be aware of a bottom formation in The ...

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USDJPY slides

The brief push below the 110 level on USDJPY yesterday takes it to an 18 month low and has spurred on chatter that the BoJ may choose to intervene to weaken its currency. The price action in the market suggests that currently this is...

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