Sterling Stays Firm after May Won Confidence Vote, Euro and Swiss Franc Turning Softer
Sterling is staying as the strongest one for the week after UK Prime Minister Theresa May narrowed survived the confidence vote in Commons. Though, there is no follow through buying against Dollar. Upside momentum in the Pound is also relatively...
CAD/JPY Starts Next Bullish Leg
Short term Elliott Wave view on CADJPY suggests that the rally to 82.4 on Jan 9, 2019 ended wave (W). Pair then corrected in wave (X) as a double three Elliott Wave structure and the dip ended at 81.25. Down...
Australia Housing Finance Dips on Investors, Smaller Loans
Owner-occupiers (no.) –0.9%mth, –7.9%yr (f/c –1.5%). Investors (value): –4.5%mth, –23.4%yr. Total ex own occ. refi (value): –2.9%mth, –16%yr Housing finance approvals softened in November with weakness concentrated in investor loans and the value, as opposed to the number, of owner...
Pound Climbs As Theresa May Survives No Confidence Vote
Theresa May has seen off another immediate threat to her government, winning a vote of no confidence, launched by leader of the opposition, Jeremy Corbyn. May won the vote by 325 votes to 306, a margin of just 19 votes....
Jeremy Wagner, CEWA-M Gives you Insight on Advanced Technical Analysis
Key Points Discussed in this interview Jeremy’s early trading experience Why Jeremy pays little attention to the news Student to master: overcoming the initial challenges of Elliott wave analysis This article presents the highlights of the podcast so be sure...
Chinese unemployment worries are growing as Beijing beefs up stimulus
Beijing is working hard to stop a slowing Chinese economy from hitting its workforce. In the last several weeks authorities have made a flurry of announcements, including tax cuts, monetary policy loosening and plans to support public spending. The push...
Retail: New Look debt swap is a sign of the times
“A jolt to the market could come from a well-known name in the retail sector facing difficulties. This could lead to a default which could impact the market. There are a large number of credit funds in, for example, New...
China’s Q4 GDP Growth to Flash Red
China will report GDP growth figures for the fourth quarter of 2018 early on Thursday at 0200 GMT, potentially injecting further volatility to the markets as investors search for more convincing clues on how bad the US-Sino trade war can...
Strong Earnings from BoA and Goldman are Driving Risk Appetite
US stocks are off to good start as Bank of American and Goldman Sachs posted strong earning reports. Bank of America delivered strong results with beats on both the top and bottom line, painting a better picture on the economy...
WTI Oil Outlook: Extended Triangular Consolidation Looks for Fresh Direction Signal
WTI oil stands at the back foot in early US trading on Wednesday, after recovery attempts in Asian session which peaked at $52.50, were short-lived. Tuesday’s bullish outside day pattern provided little support to oil price which stays congested within...
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