CSX Elliott Wave technical review Function: Trend. Mode: Impulsive. Structure: Motive. Position: Wave 3 of (1) Direction: Upside in Wave 3. Details: An impulsive structure…
US Producer Price Index (PPI) data for May slowed, increasing the prospects of a Fed rate cut in September. Tensions between Iran and Israel boost…
The vice-president of the European Central Bank, Luis de Guindos, said that the bloc’s economy had proven resilient but faced a number of risks, such…
The most recent statistics from the Bureau of Labour Statistics (BLS) show that Producer Prices increased by 2.6% in May compared to the previous year.…
The US dollar initially rallied during Wednesday’s trading session, but the 145 yen level continues to act as a strong resistance. This level has held…
Initial Jobless Claims rose to 248K vs. the previous week. Continuing Jobless Claims went up to 1.956M. US citizens filing new applications for unemployment insurance…
The Aussie dollar has shown itself to be somewhat hesitant near that crucial 0.6550 level that I’ve been talking about. The market continues to see…
Gold tried to rally significantly during the trading session on Wednesday but gave back gains as we continue to see a lot of noisy trading…
Risk aversion and hopes of Fed cuts are punishing the USD.Markets are growing sceptical about Trump’s ability to cut significant trade deals.Recent Fed-ECB divergence is…
We initially fell during trading on Wednesday only to show signs of strength yet again as CPI in the United States came out weaker than…