The USD/CAD Pair Sideways After Perpendicular Decline The USD/CAD pair has turned sideways after a perpendicular decline move above the psychological resistance of 1.3500 in the early Tokyo session. This movement has created a sense of uncertainty in the market as traders await the interest rate decision by the Bank of Canada (BoC) and the…
Hello Traders, Let’s Talk About the NIKKEI (JAPAN225) Index! Reactions Lower From Equal Legs Area Hey there fellow traders! Today, we’re diving into the exciting world of the NIKKEI (JAPAN225) index and its recent reaction lower from the equal legs area. Here at Elliott Wave Forecast, we’ve developed a system that allows us to pinpoint…
Gold Price Retaining Bullishness Ahead of US Inflation Figures Why XAU/USD is Bullish The XAU/USD pair is currently bullish as long as it remains above the uptrend line. The upper median line (uml) is seen as a potential target for the pair, indicating further upward movement. The recent drop in gold price is viewed as…
Economic Outlook: Consumer Prices and FOMC Minutes Inflation Data and Interest Rate Hikes In the US, the March reading on consumer prices is due out on Wednesday. This data is closely watched by investors, policymakers, and economists as it provides insights into the current state of inflation in the country. Inflation is a key factor…
Monthly Dividend-Paying Stocks: A Reliable Income Source Investing in US Stocks With Monthly Dividend-Payouts Monthly dividend stocks are a popular choice for income-seeking investors looking for a reliable stream of passive income. While most US companies pay out dividends on a quarterly or annual basis, there are a select few that offer monthly payouts, providing…
USD/JPY Gains After Solid US Nonfarm Payrolls Showing Embracing the Positive Momentum As the USD/JPY pair continues to post gains in the North American session, following a strong performance by US nonfarm payrolls, investors are embracing the positive momentum with cautious optimism. The pair is currently trading at 132.24, reflecting a 0.36% increase on the…
The Impact of US Data Releases on Markets Backloaded Week with Key Data Releases The week was backloaded with US data as the Wednesday release of Services PMI numbers was followed by the Friday NFP report. The jobs report is somewhat of a peculiarity at this point as this was released on Good Friday, when…
Financial and Banking Sector (XLF) Heading for a Tough Period What Happened Last Month and What to Expect The Financial and banking sector (XLF) was all over the news last month. It is currently no longer part of the daily news cycle. We believe trouble is underway for the second part of the year. Price…
