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Markets October CPI inflation was the first really important US data series for release after the Trump/Republican election victory. Concrete policy measures from the new US administration will decide which way activity and in inflation will ultimately go. Data in the meantime will help to define the starting point for Fed policy and the subsequent […]

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US: Inflation Progress Grinds to a Halt in October 

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USDJPY Wave Analysis

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26/04/2024

Elliott Wave Analysis Favors DAX to Extend Higher

Short Term Elliott Wave View on DAX suggests rally from 10.23.2023 low is unfolding as a 5 waves impulse. Up from 10.23.2023 low, wave (1) ended at 17003.28 and dips in wave (2) ended at 16345.02. The Index extended higher in wave (3) towards 18567.16 as the 1 hour chart below shows. Down from there, […]
30/07/2024

CADJPY: Trade of the Week

The Canadian Dollar (CAD) weakened on Monday as it lagged behind the strengthening US Dollar ahead of the Federal Reserve’s rate decision. This week, the CAD is underrepresented on the economic calendar, making it susceptible to broader market movements and central bank appearances. Key data to watch includes Wednesday’s Canadian GDP for May, anticipated to […]
04/06/2024

Nasdaq 100: Bullish Reversal Remains Intact Supported by Positive Momentum in 10-year T-Note Futures

Macro factor (10-year US Treasury yield) has likely taken over the driver’s seat in dictating the short to medium-term directional movements of the major US stock indices. Last Friday, 31 May key intraday bullish reversals recorded in the S&P 500, Nasdaq 100, and Dow Jones Industrial Average were led by an earlier rally in the […]