By Elliott Wave International Investors who use Elliott wave analysis know that the main price trend of a financial market subdivides into five waves. Also know that wave 1 and wave 5 are often approximately equal in...
Since bottoming earlier this year, US Dollar has steadily caught a bid. One of the primary reasons for the USD strength is because of the expectation that the Fed will start tapering later this year. The Fed...
The second stimulus bill currently under negotiation may be the next catalyst for the decline in US Dollar. The negotiation between Democrat and Republican gained urgency last week as President Trump contracted the virus and required hospitalization....
By Elliott Wave International June started off with speculators decidedly negative toward the U.S. dollar. On the second day of the month, the Financial Times said: Wall Street strategists say dollar could be set for “dramatic” falls...
In this blog, we are going to take a look at the Elliottwave chart of USDNOK. The chart from March 13 London update shows that the cycle from March 9, 2020 low unfolded as 5 waves impulsive...
Hello fellow traders. USDX is another instrument that we have been trading lately . In this technical blog we’re going to take a quick look at the Elliott Wave charts of USDX, published in members area of...
U.S Dollar demand is so high as a result of the corona virus pandemic that now there’s a squeeze in the credit market. The dollar soared this week as investors liquidated positions across a broad range of...
The Fed’s monetary stance has turned 180 degree this year. Recall last year the Fed talked about shrinking the balance sheet on auto pilot and raising interest rate. The QT (Quantitative Tightening) of $50 billion a month,...
Summary A strong 3.2% U.S first quarter GDP indicates robust economy. Temporary drivers of the growth however may not be sustainable for the remainder of the year. Strong U.S. economic data can continue to boost global stock...
In this blog, we take a look at US Dollar Index correlation with USDPLN and we also look at the updated Elliott wave charts of USDPLN which have been working very nicely since we highlighted the bullish...
