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Recent Posts

Australian Dollar falters below recent highs but keeps 0.6200 in sight

AUD/USD returns to negative territory near 0.6200 on Friday, failing to preserve the momentum sparked by China’s stronger-than-expected economic...

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The end of the week is here!🔐

💸 The US Dollar Index (DXY) traded on the defensive every day but on Friday, when it managed to stage a decent advance and put some distance from weekly lows around 108.60.

💷 GBP/USD remained under pressure for the third consecutive week as investors continued to gauge risks surrounding the UK fiscal stance.

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NASDAQ100: Are new all-time highs around the corner?

For those new to our Elliott Wave-based analyses and as a reminder to our regular readers, we have been tracking an ending diagonal (ED) pattern for the NASDAQ100 (NDX) for several months, and in our previous update from December 27, 2024, we concluded “… contingent on holding at least below yesterday’s high at $21837, and especially below the recent all-time high at $22133, we should expect the index to bottom around the $20300-600 level for the red W-iv before it can stage the next more significant,...

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Markets weekly outlook: Trump 2.0 takes flight as BoJ decision looms

Markets bid farewell to the last trading week before Trump 2.0 as incoming US President Donald Trump will be inaugurated on...

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Canadian Dollar slumps back into multi-year lows

The Canadian Dollar (CAD) slumped back into familiar multi-year lows on Friday, sending USD/CAD back above the 1.4400 handle and keeping the Loonie at its lowest bids since the pandemic...

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Mexican Peso rebounds from yearly low on risk-appetite improvement

The Mexican Peso (MXN) stages a recovery after weakening to a new yearly low of 20.93 and appreciates against the Greenback due to an improvement in risk appetite following China’s upbeat GDP...

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Trump’s inauguration: What lies ahead?

Capping a decisively sweeping victory on 5 November 2024 in what many called a ‘historic comeback’, Republican Donald Trump will be inaugurated as the 47th president of the United States (US) on Monday at 5:00 pm GMT (midday...

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Dow Jones Industrial Average rises 500 points as Treasuries pull back

The Dow Jones Industrial Average (DJIA) added over a full percentage point in value on Friday, climbing around 500 points and vaulting back over 43,500 as market expectations for further rate cuts...

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Trump might hold the key for the next leg higher

The US Dollar’s multi-week rally finally lost steam this...

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Weekly economic and financial commentary

United States: Riding the Wave The Consumer Price Index ended the year at 2.9% year-over-year, which is a minor improvement from its 3.1% rate in January 2024 and points to stalled progress on the road back to the Federal Reserve's 2% inflation...

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Forecasting the upcoming week: All the attention shifts to US Inauguration Day

The Greenback halted a multi-week positive streak, prompting the US Dollar Index (DXY) to come under pressure shortly after hitting fresh cycle peaks north of the 110.00 barrier on January...

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EUR/USD Price Analysis: Renewed 20-day SMA rejection curbs bullish attempts

The EUR/USD pair struggled to maintain upward momentum on Friday, slipping by 0.20% to settle around the 1.0285...

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Gold Weekly Forecast: Weaker US Dollar keeps buyers hungry for the precious metal

- Gold advanced for the third week in a row, hitting multi-week highs above...

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EUR/JPY Price Forecast: Rises sharply as bulls target 161.00

The EUR/JPY bottomed near 159.69 and rose past 160.50 on Friday after registering two consecutive days of losses as risk appetite...

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EUR holds around 1.03 – Scotiabank

The Euro (EUR) is little changed against the US Dollar (USD) on Friday, holding around the mid-point of Wednesday’s wide range, Scotiabank's Chief FX Strategist Shaun Osborne...

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Gold outlook: Continues to benefit from Fed's recent dovish shift

Gold price eased from five-week high on Friday, driven by a partial profit-taking at the end of the week, following a three-day...

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Strong finish to 2024 overstates strength in industrial production

The 0.9% pop in industrial production is partly due to a rebound in aircraft production and overstates the current state of the...

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Housing starts end 2024 on a surprisingly strong note

Residential construction ended 2024 on a positive note. Total housing starts surprised to the upside and surged 15.8%, more than offsetting the decline posted in the month...

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