SP500 holds its bullish pattern as the Elliott Waves forecast 7300+In our December update, we combined the Elliott Wave (EW) Principle with average midterm election-year seasonality and the Armstrong Pi-cycle turn dates and concluded for the S&P 500 (SPX)
EUR/USD ends week near 1.1640, posts 0.7% loss as Dollar dominatesEUR/USD prolonged its agony throughout the week, poising to print losses of 0.70%, as it fell 0.20% on Friday, despite the release of mixed economic data in the US. In the European Union, Retail Sales exceeded forecasts, but traders focus remains around the dynamics of the US and the
US UoM Consumer Sentiment Index rises to 54 in January vs. 53.5 expectedConsumer confidence in the US improved slightly to start the year, with the University of Michigan's Consumer Sentiment Index rising to 54 in January's preliminary reading, from 52.9 in December. This print came in slightly better than the market expectation of
Canada jobs report points to uneven labor market recovery RBC EconomicsRather than signaling a setback, December's modest employment gain and rising unemployment rate reinforce our view that Canada's labor market recovery is underway but will likely prove choppy, with slack absorbed only gradually over time, Royal Bank of Canada Senior Economist Claire Fan
Housing starts declined in OctoberHousing starts declined 4.2% to a 1.25 million unit pace. October's decline was mostly driven by a drop in multifamily, while single-family rose modestly. Although permits have stabilized in recent months, the drop-off in single-family permits over the course of 2025 tells the real
USD/JPY firms near one-year highs as markets scale back near-term Fed cutsThe Japanese Yen (JPY) extends its losses against the US Dollar (USD) on Friday, with USD/JPY pushing higher for a fourth straight day as the Greenback builds on its recent advance following the latest batch of US economic
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Jobs, rate cuts and tariffsS&P 500 regained footing, witch much of the price action sure capped between 6,950s and 6,965 zone, and its been my prediction to clients that todays NFPs would be
Forecasting the upcoming week: US CPI and Fedspeak should rule the sentimentThe US Dollar (USD) maintained the optimism seen at the start of the year, rising for the second week in a row, as markets assessed the mixed US labour market report in December and prepared for the publication of vital US inflation data next
Dollar at the wheel & EUR/USD feels the pressureThe U.S. dollar extended gains, shifting very short-term momentum back in its
