Search Results for: Abe
Can USDMXN Break Out Of A Triangle?
August 17th, 2020
USDMXN is trading sideways since the beginning of June and it looks like it is forming a big, bearish Elliott wave triangle in wave IV that can send the price even lower for wave V, but seems like one ...
Interesting Pattern on 10 Year US Notes Points Higher – Elliott wave
July 15th, 2020
10 Year US notes are trading in an uptrend since the last quarter of 2018 and unfolding a big, five-wave cycle. We specifically see price trading at the end of a triangle correction in wave (4), therefore be ...
The new deal is a bad old deal
July 10th, 2020
So far, the current economic situation, together with the response by major governments, compares with the run-in to the depression of the 1930s. Yet to come in the repetitious credit cycle is the collapse in financial asset values and ...
Huge wine frauds uncovered in Europe; Legal proceedings
July 3rd, 2020
Fresh allegations have emerged in a major wine fraud investigation underway at Spain’s top criminal court, the Audencia Nacional. The inquiry centers on the involvement of two of Spain’s biggest wine companies in the fraudulent labelling of young wine ...
USDCAD and NZDUSD Elliott wave analysis
June 24th, 2020
USDCAD started rallying from the 1.3312 low, indicating that wave C) of a higher degree is completed, and that a minimum three-wave turn is underway. We labelled a completed first leg A/1 at the 1.368 level, which can ...
European shares were moving higher on Tuesday
June 23rd, 2020
European shares were moving higher on Tuesday even as a number of states in the U.S. continued to report a rise in new virus cases and hospitalizations. Meanwhile, a closely-watched measure of economic activity pointed to a continued rebound ...
MMT —it’s just neo-Keynesian macroeconomics
June 12th, 2020
The doyenne of MMT, Stephanie Kelton, has published a book this week explaining modern monetary theory. This article examines the foundations of MMT which Kelton explained in an earlier video released last year. Introduction Macroeconomics has become so ...
10 Year US Notes Are Trapped in A Bullish Consolidation – Elliott wave analysis
June 9th, 2020
10-year US notes fell sharply last week, which allowed stocks to move higher as yields rose. Technically speaking, this drop on 10 year should not be any big deal, or trend changer, as it appears to be just another ...
Elliott wave analysis: USDCAD In A Triangle consolidation
June 9th, 2020
USDCAD is bullish long-term, however recent price activity suggest price being trapped in a triangle correction of a higher degree wave IV. Now we see price reversing lower, down from the upper triangle line, suggesting that wave C of ...
Bearish Triangle On USD Index Can Support GBPUSD – Elliott wave analysis
May 20th, 2020
USD index is trading sideways for some time now, ideally unfolding an Elliott wave triangle correction in wave B that is part of a three-wave corrective decline. A triangle is a continuation pattern, which has five legs in a ...
