Monetary policy, we are told, is all about staving off recession and stimulating economic growth. However, not only is monetary debasement in any form counterproductive and destroys the personal ... Read More
AUDUSD has turned down from 0.7834 high in May after wave C-circled completed a big corrective wave IV flat pattern. A flat has a 3-3-5 sub-wave structure, so it ... Read More
GBPUSD fell sharply lower a month back after vote counts for EU membership showed that UK wants to leave the Euro zone. Pair fell to a new low which ... Read More
This wasn’t supposed to happen. The price of oil was supposed to start going back up, and this would have brought much needed relief to economically-depressed areas of North ... Read More
On USD index daily chart we are observing a big sideways pattern since start of 2015; it’s slow, sideways and overlapping price action which is a personality of a ... Read More
Stocks recovered very nicely and sharply since mid of February so a new bullish reversal is here. Reason for a bullish trend is a five wave rise from 1802 ... Read More
It is a month after Britain’s surprise vote to leave the EU. A new Conservative Prime Minister and Chancellor are in place, both David Cameron and George Osborne having ... Read More
EURJPY On the 4H chart we are observing anice impulsive cycle taking place, with price currently trading in a three wave correction, labeled as A-B-C. As we see on ... Read More
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