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Tag Archives: german

Elliott Wave Analysis on GOLD and German DAX

GOLD Gold keeps falling sharply which now looks like an extended five wave drop from 1288 so the whole decline from 1303 is rather impulsive than corrective. We are looking now at wave 3) in progress that may find a support in the near term around 1200-1215 for a short-term recovery ...

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Greek crisis: IMF surrenders to Germany – can kicked again

In a late night meeting in Brussels, the IMF surrendered to German demands and agreed that talking about Greece’s debt will actually begin only after the Third Bailout ends in 2018. This is not-by-coincidence after the German elections in October 2017. Germany did not want any debt relief for ...

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German ZEW misses with 6.4, current conditions higher

German ZEW Economic Sentiment comes out at 6.4 points, well below 12 points expected. On the other hand, the Current Conditions components missed with 53.1 points, above 48.9 predicted.  EUR/USD is not going anywhere fast, consolidating its earlier slide. The German ZEW Economic Sentiment was...

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Hard US data for the data-dependent Fed

The Fed is leaning to the hawkish side but stressed that it is data dependent. In the penultimate week of May, we get both an update on the worrying first quarter with updated GDP data as well as a look at Q2 with fresh durable goods orders. In addition, top...

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EUR/USD Forecast May 23-27

EUR/USD dropped to lower ground with the greenback doing most of the work. PMIs and two German surveys stand out. Here is an outlook for the highlights of this week and an updated technical analysis for EUR/USD. The Fed meeting...

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Closing the week – Live Market Open

A busy week comes to an end. It’s finally Friday after a Fed dominated week. We still have some economic indicators and some late rush before the weekend sets in. Join me for a live market open, hosted by FXStreet: walking though...

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3 Reasons To Fade USD Gains Post-FOMC Minutes – BNPP

The dollar had a very nice ride on the hawkish minutes which included the word “June” 6 times. However, we have already posted some skeptic voices, and here’s yet another one: Here is their view, courtesy of eFXnews: The USD has continued to...

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Elliott Wave Analysis on German DAX and NZDUSD

German Dax German DAX remains trapped in the 400 point range seen as a triangle in wave 4 which is now in late stages with the current subwave e that may look for resistance near the 9950-10000 area today. German DAX, 1H NZDUSD ...

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USD and GBP look strong ahead of key data for both

The pound continues enjoying optimism regarding remaining in the EU and the USD reacts to Fed officials talking about a hike. Today these currencies will be tested on the UK jobs report which provides a relief from the Brexit talk. In the US, the Fed minutes. Also watch for a potential...

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Spending it all out? – MM #101

In this episode we focus on the state of the US consumer. Are things looking great or not exactly? Oil prices are also on the move higher. It’s good, isn’t it? As usual we preview the next events. You are welcome to listen, subscribe, provide ...

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