Dow Futures (YM_F) Elliott Wave Forecasting The Path

USDCAD reversed from pivotal resistance level 1.3760 Likely to fall to support level 1.3675 USDCAD currency pair under the bearish pressure after the price reversed down 3 times in a row from the pivotal resistance level 1.3760 (which has been reversing the price from the end of April). Each of the last 3 downward reversals […]

The British pound is down slightly on Friday. GBP/USD is down 0.14%, trading at 1.2648 in the European session at the time of writing. It has been a good week for the pound, which has gained 1% against the US dollar. Wednesday’s inflation release showed CPI dipping in April, reversing the trend of the past […]

Sentiment is not bad for a week which confirmed that the Federal Reserve (Fed) won’t cut the interest rates anytime soon. Stocks rebounded and yields fell yesterday, the S&P500 kept floor above the 5000 psychological mark, Nasdaq 100 jumped 1.30% as the US 2-yer yield slipped below 4.90% despite data showing a bigger than expected […]