USDCAD Final Leg of Triple Zigzag Begins
Just like a few weeks ago, USDCAD formed a correction triple zigzag consisting of cycle waves w-x-y-x-z. The first four sub-waves w-x-y-x are fully completed. The final actionary sub-wave z is being built. The wave z takes the form of a primary double zigzag Ⓦ–Ⓧ-Ⓨ. vAt the moment, prices are in the […]
UMich final January consumer sentiment 64.9 vs 64.6 expected
Prelim was 64.6 Prior was 59.7 Current conditions 68.4 vs 68.6 prelim Expectations 62.7 vs 62.0 prelim 1-year inflation 3.9% vs 4.0% prelim (4.4% prior) 5-10 year inflation 2.9 % vs 3.0% prelim (2.9% prior) These inflation numbers will be welcomed by the Fed and the market. We’ve seen a few times where the final […]
NZDUSD Final Leg of Bullish Impulse Underway!
A closer look at the 1H timeframe shows that the market has already completed the formation of a cycle actionary wave y. Thus, in the last section of the chart, we can see the formation of a new bullish trend. Most likely, there is a construction of the primary wave Ⓐ. This can take the […]
ForexLive European FX news wrap: Yen falls, dollar steady in final stretch of the week
Headlines: Markets: NZD leads, JPY lags on the day European equities slightly higher; S&P 500 futures up 0.1% US 10-year yields up 4 bps to 3.433% Gold down 0.2% to $1,927.98 WTI crude up 0.2% to $80.49 Bitcoin up 0.3% to $21,014 It was a relatively quiet session with the dollar sitting more mixed across […]