Elliott Wave Analysis on GOLD and German DAX

May 25, 2016

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 ...

NZD: China Risks – BNZ

May 24, 2016

Jason Wong, Currency Strategist at BNZ, suggests that the outlook for China remains a key source of downside risk for the NZD. “Debt levels in China are rising at an unsustainable pace and ultimately represent a hand-brake on growth. The Yuan is over ...

NZD/USD bears remain in control, testing bulls commitments

May 19, 2016

NZD/USD has been consolidating the downside with some two way business between 0.6708 and 0.6761, recently breaking back above the 20 sma. NZD/USD slid yesterday after a double top in previous session at the 0.6840 mark, testing 0.6750 only to find ...

Elliott Wave Analysis on S&P500 and Crude OIL

May 17, 2016

S&P500 E-mini S&P 500 is making a strong leg up from 2034 that having an impulsive personality, representing wave C which could reach 2079 level this week. This level will come in play after wave four is completed, ideally near 2060 in the...

Elliott Wave Analysis on USDJPY and AUDUSD

April 27, 2016

USDJPY As expected USDJPY hits 110.67 level which was our minimum upward objective last week, based on the projection for a third wave up that we marked it as wave C or wave 3. For now it can still be a little early to confirm if the rally up is corrective ...

Elliott Wave Analysis on AUDUSD and USDCHF

April 20, 2016

AUDUSD AUDUSD is turning up since Monday when the market found support at 0.7628 after a Sunday gap, so it looks like the pair is making a bigger wave 5) than before, as the leg up from 0.7486 can be in five waves, now still only in wave 3. That said, we ...

Elliott Wave Analysis on S&P500 and GOLD

April 12, 2016

S&P500 Intraday chart, E-mini S&P500 is suggesting more downside in the short-term as the current swings suggest that wave B is a triangle. As such, we remain bearish for 2000/2012 area before the big corrective set-back can be...

EURUSD: Complex correction in progress

April 11, 2016

EURUSD was moving higher in March reaching levels around 1.1400 at the end of the month which means that the recent push up is part of a complex correction from 1.0518. We see a structure with seven legs, a double zigzag that represents wave C-circled ...

AUD/USD: No Change In Trend

February 12, 2016

The Australian dollar declined as the global stocks rout started following the selloff in China’s stock market since the new year. The Reserve Bank of Australia didn’t cut the interest at its policy meeting. Will the Australian dollar continue weakening?

Woman on $10 bill: Why replace Alexander Hamilton?

June 18, 2015

Before the Treasury's announcement this week, much of the focus had been on changing the $ ... The last woman on US paper currency was Martha Washington, who was on the $1 silver certificate between 1891 and 1896, according to ABC News.

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