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The Week Ahead – New Covid Strain Weighs on Risk Assets

AUDUSD softens ahead of RBA meeting The Australian dollar slipped as markets switched to risk-off. Weakness in commodity currencies underlines risk aversion going into another covid winter. Australia’s economic slowdown in the third quarter reveals fragility in its recovery. And the RBA has insisted that […]

What is “Wage Inflation” and Why Should Traders Care About It?

It’s become increasingly common for central bankers around the world to talk about inflation. In fact, it’s so common that many might not see why that’s odd. The Fed, of course, has its famous “dual mandate” of maintaining currency stability and reducing unemployment. But that’s […]

USDCHF Zigzag To Complete Cycle Intervening Wave x

The current USDCHF structure indicates the end of the actionary wave y of the cycle degree. This is followed by a cycle intervening wave x. The initial part of the wave x can be a standard zigzag and will consist of main sub-waves Ⓐ-Ⓑ-Ⓒ. The […]

Intraday Market Analysis – Gold Awaits Breakout

XAUUSD tests key support Gold treads water as markets await US jobs data release. The metal remains under pressure after it failed to maintain bids above 1780. Sellers are testing the daily support at 1760. A bearish breakout would shatter hopes of a swift rebound […]

Trade The NFP Live! 2021-12-03

Get ready to trade the NFP LIVE with a seasoned analyst! Our resident market strategist David Kindley will be going live to give you exclusive insights into this month’s non-farm payrolls data release. The end of 2021 is right around the corner, and concerns over […]

Can the November NFP Revert the Markets?

Every new bit of information about the omicron variant of covid has been jostling the markets lately. So. many might have forgotten that tomorrow is the release of NFP data. On the other hand, maybe for some, it might seem like “old” data, as it […]

AMZN Triple Zigzag Ending Near 2867.82

The current AMZN structure shows a bullish impulse. This includes the formation of a deep fourth wave of the primary degree. The primary correction wave ④, apparently, takes the form of an intermediate triple combination (W)-(X)-(Y)-(X)-(Z). Let’s pay attention to the last wave (Z), which […]

Intraday Market Analysis – USD Accumulates Support

USDCHF to test key support The US dollar stabilized after Jerome Powell hinted at speeding up the taper pace. The break below 0.9270 has put the rally on hold. The support has turned into resistance with the latest rebound fading. But a bullish divergence suggests […]

AAPL Is the Ending Diagonal Not Complete Yet?

AAPL shares seem to be forming a primary fifth wave, taking the form of an ending diagonal of the intermediate degree (1)-(2)-(3)-(4)-(5). This wave is also the final one in the cycle impulse a. It is likely that at the moment we are in the […]

Will Japan’s November Consumer Confidence Move the Yen?

It’s common knowledge that the chronic problem the BOJ has had to deal with is low inflation. But, inflation is unlikely to pick up if consumers are unwilling to spend. So, keeping an eye on consumer sentiment can give us some advance warning about where […]