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Markets UK Chancellor Reeves in a keynote speech today failed to persuade sterling of her growth-reviving plans. It’s her first high-profile appearance since delivering the October Budget. A series of tax increases caused consumer and business confidence to have plummeted while her spending plans co-triggered sharply higher UK bond yields. Reeves defended the measures as […]

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12/04/2024

Week Ahead – More Inflation Data on the Way as Rate Cut Bets Thrown into Disarray

CPI numbers due in the UK, Japan, Canada and New Zealand China to also come into the spotlight as Q1 GDP eyed US retail sales to kickstart the week as earnings season gets underway CPI figures to headline UK data flurry After yet another hot CPI report in the United States, inflation data will remain […]
17/06/2024

Does EURCHF Correction Have Legs?

EURCHF drops to a 4-month low Significant correction over the past 15 days Momentum indicators confirm the bearish pressure EURCHF has been on a freefall since late May with the move picking up pace following the recent European elections and the first ECB rate cut. This pair is currently trading at a 4-month low, around […]
14/05/2024

USDX Elliott Wave: Forecasting the Decline from Equal Legs Area

Hello fellow traders. In this technical article we’re going to take a quick look at the Elliott Wave charts of Dollar Index, published in members area of the website. As our members know, USDX has ended the cycle from the December’s 2023 low. The index has recently given us bounce in a 3-wave pattern, when […]