8 Scenarios After an Elliott Wave Impulse Pattern Completes
The Elliott wave impulse pattern is a foundational pattern of Elliott Wave Theory. Ralph Nelson Elliott discovered back in the 1930s that the market moved in waves of five and three legs. These five and three wave patterns make up...
Don’t panic: Here’s your bear market survival guide
Fears have become reality. The S&P 500 entered bear market territory Monday, dropping just more than 20 percent from its 52-week intraday high. The Dow Jones Industrial Average and the S&P 500 are now on track for their worst December...
Shutdown won’t stop key jobs report or CPI, but other data could be impacted
The partial government shutdown will have some impact on the release of market-moving economic data, though the biggest reports likely won’t be affected. Most prominently, the Bureau of Labor Statistics still plans on releasing the critical nonfarm payrolls report Jan....
Forex Correlation: Using Currency Correlation in Forex Trading
What is currency correlation? Currency correlation, or forex correlation, denotes the extent to which a given currency is interrelated with another, helping traders understand the price movements of currencies over time and influencing their forex decisions. Currencies are traded in...
S&P 500 Attempts to Fight off Bear Market
Stocks opened higher in NY after some market participants return from holiday. Over the holiday, President Trump attempted to assuage markets with votes of confidence in the US economy and Treasury Secretary Mnuchin. Mnuchin on Christmas Eve made calls with...
US home price growth slowed in October
U.S. home price growth slowed in October, a likely consequence of higher mortgage rates having worsened affordability and causing sales to fall. The S&P CoreLogic Case-Shiller 20-city home price index rose 5 percent from a year earlier, down from an...
Subdued Holiday Trading Continues, Yen and Swiss Franc Pare Gains
The forex markets are generally rather quite today as most major countries remained on holiday. After another day of free fall on Monday, US stocks futures point to higher open. DOW could recover by triple-digit but the sustainability of the...
The US Currency Is Still Under Pressure
The US dollar is falling against a basket of major currencies due to news from the White House. The US government partially suspended its work on the weekend after Donald Trump demanded funds for the construction of the wall on...
USDJPY Intraday Recovery Remains Weak
The US dollar is attempting to move higher against the Japanese yen currency as demand for the greenback returns after early week selling. The short-term recovery in the USDJPY pair remains fairly muted, given the recent decline towards the 110.26...
Thin Trading Expected As The Christmas Celebrations Continue
Thin trading will be experienced today as people around the world are on their Christmas break. Many markets including Australia, United Kingdom and Canada will remain closed today. This comes after the markets in the United States saw major declines...
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