EUR/JPT moved significantly lower from start of November, as three-wave of recovery from 100.70 found the pick at 111.50 region, where C wave was equal to wave A almost on pip! When an impulsive decline occurred two weeks back from top and then price action slowed down for a few days, we warned our subscribers … “Eur/Jpy: Downtrend To Extend – Elliott Wave Analysis”
Category: Opinions
European Citizens Losing Control Case 2: Spain
Spain’s citizens are likely to replace the current government and vote for a new one in the upcoming elections – looks like democracy in action. But are they really voting for some kind of change. Yet again, the citizens are not really calling the shots. The recent crisis has shown that citizens of European countries … “European Citizens Losing Control Case 2: Spain”
USD/CAD: Trading the Canadian Core CPI
The Consumer Price Index (CPI), also known as inflation, measures the change in the price of goods and services charged to consumers. Canadian Core CPI excludes eight volatile components, notably food and energy prices. A reading that exceeds the market forecast is bullish for the Canadian dollar. Here are all the details, and 5 possible outcomes … “USD/CAD: Trading the Canadian Core CPI”
GBP/USD: More Weakness To Come After A Pull-back
Cable broke through the 1.5860/90 support region which could be start of something bigger to the downside, especially if we consider that prices slipped below the support line of a trading channel as well. But notice that even if we still count move from the top in a corrective way, such as double zig-zag, we … “GBP/USD: More Weakness To Come After A Pull-back”
USD/JPY: Trading the Philadelphia Fed Manufacturing Index
The Philadelphia Fed Index is an important leading indicator, based on a survey of manufacturers in the Philadelphia area regarding their opinion of the economy. As such, it provides a snapshot of the business climate and sentiment in the U.S. Here are all the details, and 5 possible outcomes for USD/JPY. Published on Thursday at 15:00 … “USD/JPY: Trading the Philadelphia Fed Manufacturing Index”
New European Governments Provide No Remedy
New governments are put in place, but it is becoming clear that it this will not help. The foundations and the basic expectation of creating growth with austerity are the problem here. Christopher Vecchio, a currency analyst with DailyFx.com discusses the European debt crisis, the impact of a possible failure of the US “Super Committee” to reach … “New European Governments Provide No Remedy”
AUD/USD Headed Lower While Below 1.0340
After a rise from the 1.0048 area seen at the end of the past week, we came out with an irregular formation in wave B)/2). As such, our bias remains clearly to the downside. In fact, wave B)/2) may have already found a pick around 1.0340 if we consider impulsive fall on the intra-day basis … “AUD/USD Headed Lower While Below 1.0340”
GBP/USD: Trading the British Jobs Nov 2011
The British Claimant Count Change measures the change in the number of people claiming unemployment benefits. Along with the Unemployment Rate indicator, which is released at the same time, it provides a snapshot of the employment situation and is a market-mover for GBP/USD. Here are the details and 5 possible outcomes for GBP/USD. Published on Wednesday … “GBP/USD: Trading the British Jobs Nov 2011”
EUR/USD: Trading the German ZEW Nov 2011
The German ZEW Economic Sentiment Index is based on a monthly survey of financial experts and their views of the German economy. A reading that is higher than the market forecast is bullish for the Euro. Here are all the details, and 5 possible outcomes for EUR/USD. Published on Tuesday at 10:00 GMT. Indicator Background The German ZEW … “EUR/USD: Trading the German ZEW Nov 2011”
European Crisis Crash Course (Video)
What caused this messy debt crisis in Europe? Who are the major actors and what are their actions? This funny cartoon video provides a fast explanation of the current situation with funny examples. The two year long crisis has many similarities with what happened on the other side of the Atlantic not so long ago. … “European Crisis Crash Course (Video)”