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EUR/USD: Inflation in the US – Everything is Going According to Plan Last week, specifically on Thursday, 27 June, the dollar received support from positive macroeconomic data from the US. The Department of Commerce reported that according to the final estimate, the US GDP grew by 1.4% in Q1, against the forecast of 1.3%. (According […]

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16/04/2024

CADJPY Elliott Wave : Forecasting the Rally After 3 Waves Pull Back

In this technical blog we’re going to take a quick look at the Elliott Wave charts of CADJPY , published in members area of the website. As our members know we are favoring the long side in YEN pairs. Recently the pair has given us 3 waves pull back that found buyers right at the […]
26/04/2024

GBP/USD and USD/CAD Daily Chart Outlook

GBP/USD is attempting a recovery wave from 1.2300. USD/CAD is consolidating and might aim for a move above the 1.3760 resistance zone. Important Takeaways for GBP/USD and USD/CAD Analysis Today The British Pound started a recovery wave above the 1.2400 resistance. There is a key bearish trend line forming with resistance near 1.2520 on the […]
04/04/2024

Preview of RBNZ: Nothing to See Here

We expect the RBNZ will leave the OCR at 5.5% at its April policy review. We think the RBNZ will remain comfortable with the forward outlook communicated in the February Monetary Policy Statement. GDP growth was slightly weaker than expected – but the impact is very marginal compared to past quarterly forecast misses. The inflation […]