Commodities Strength Depends On U.S. Dollar’s Next Move
Inflation pressures are increasing as the economy tries to digest a prolonged period of higher commodity prices.
While select commodities have pulled back (and this...
New Zealand Dollar Approaching Bullish Elliott Wave Support
In this article, I look at New Zealand dollar which is in the process of making what appears to be a bullish retracement /...
Is the Crypto-Currency Space Heating Up?
Tuesday’s market action has been sluggish at best. Of the four major indices, the Nasdaq 100 (QQQ) made the largest gain ending +0.45% on...
Bitcoin Rallies Back Over Pivotal 30000 Price Level
Tuesday's trading session began with a continuation of the large sell-off in Bitcoin which had been lingering near 41000 in the prior weeks before...
Federal Reserve Causes Gold Sell-off; USDCHF Currency Headed Higher (Elliott Wave Analysis)
US dollar is up sharply as 7 Federal Reserve officials expect rates to increase in 2022, 13 Fed officials see rate increase in 2023....
US Dollar Breakout Could Cool Off Commodities Prices
Rising commodities prices have been all over the news for several months. The rally has been broad-based and persistent.
So what could possibly derail the...
Bitcoin Head and Shoulders Top? Watch This Support Level!
Last November, we highlighted a cup and handle bullish pattern on Bitcoin that served as a base for a big rally. All together, Bitcoin...
Bullish Aussie Dollar Cycles Should Resume After Consolidation
Currency Markets Insights:
- The US Dollar DXY remains bearish as precious metals trade higher.
- Per Elliott wave analysis, the Aussie Dollar (AUDUSD) is consolidating within...
Commodity Bulls Hope Australian Dollar Can Rally Above Resistance
Early 2020 marked a 19 year low for the Australian Dollar (Aussie, AU$, etc...), but since that time the currency has been very strong.
And,...
Is The Canadian Dollar Rally Nearing An End?
In efforts to avoid a term woefully overused in financial commentaries (the term is also the title of a George Clooney fishing movie), we...
