SP500 Elliott Wave update: The rally to 7120 continues We have been monitoring the SP500 (SPX) to reach approximately 7120 in an Elliott Wave (EW) Principle impulse (five-wave) move upward from the early April lows for a more significant top for many
Canadian Dollar soars after upbeat labor reportThe Canadian Dollar (CAD) found room on the high side on Friday, climbing nearly 0.9% and locking in a second straight week of firm gains for the Loonie. The CAD has gained nearly 2.2% bottom-to-top against the US Dollar (USD) since hitting seven-month lows in early
GBP/USD rises as Fed rate cut odds boost SterlingGBP/USD resumes its uptrend on Friday, trimming some of Thursdays 0.21% losses as the Greenback recovered some ground. Inflation data in the US kept steady the chances for a Fed cut in the December meeting, weighing on the Dollar. At the time of writing, the pair trades at 1.3349 up
Fed poised for third straight cut, BoC seen on hold RBCDual central bank interest rate decisions from the
EUR/USD Weekly Forecast: Bulls pray for a dovish FedEUR/USD has finally taken a breather after a pretty energetic climb. The pair broke above 1.1680 in the second half of the week, reaching its highest levels in around two months before running into some selling
US Dollar Weekly Forecast: The Fed will make it or break itAnother week, another decline for the US Dollar
@fx_street - Instagram#fibonaccilevels #cypherpattern #gartleypattern #marketentry #elliottwave
Real reversals happen at hidden Fibonacci levels
Everyone uses basic Fibonacci levels, but real reversals happen at the hidden ones where ratios collide.
These symmetrical formations
Dow Jones Industrial Average climbs 150 points after cooler PCE inflation printThe Dow Jones Industrial Average (DJIA) made slim gains on Friday, climbing another 150 points and ending a moderately bullish week near the 48,000
Office demand surges in New York CityDemand for office space in New York City picked up significantly in Q3. As displayed in the chart below, net absorption jumped to 4.5 million square feet during the quarter, marking the highest total since 2004. Office demand has been trending positive in New York City since early
EUR/USD consolidates at 1.1650 as US inflation and ECB risks shape outlookOn Friday, the EUR/USD remained steady, poised to finish the week with gains of 0.39%, trade subsided capped by the 1.1650 figure as traders eyed the Federal Reserves decision next
