April 2014

Since our last analysis, gold has been trading sideways, around the price of 1,300.00, we are still waiting for a larger movement. According to the daily chart (Wednesday bar), we can observe doji bar on volume just above the average,…

USD/CAD Elliott Wave Analysis: Since our last analysis, the USD/CAD pair has continued to trade upwards, impulsive wave iii (coloured black) of the bigger wave (iii) (coloured blue) has been developing. In the 1-hour chart of the pair…

AUD/USD Elliott Wave Analysis: In our last analysis of the AUD/USD pair, we have presented two possible counts, and strong move lower in the last few days has made us go with alternate scenario. In the 30-minutes charts above, we can see…

The U.S. Dollar was little changed earlier on Thursday session with the index measuring its performance against the basket of currencies traded below a level of 80 after the Federal Reserve Chairman Janet Yellend signaled that the bank is…

The Japanese Yen decreased on Thursday falling against its U.S. counterpart towards the weakest level in one week as demand for safe-haven currencies fell after stocks world-wide notably advanced on Janet Yellen commented the Fed may keep…

"While the recent run of firmer-than-expected inflation numbers suggest that the downside risks to inflation – a key underpinning to the BoC's more dovish stance – are beginning to recede" -David Rosenberg, chief economist of Gluskin Sheff…

West Texas Intermediate crude increased on Thursday rising for the second successive day on speculation that crisis in Ukraine may continue for longer than expected and as U.S. inventories advanced to the highest level in more than ten…

"The data from China didn't turn out to be a disaster and that's encouraging that combined with a rally in stocks, and comments from the Bank of Japan are probably weighing on the yen." - Canadian Imperial Bank of Commerce (based on…

"Too candid a recognition that deflation is less of a threat could see unwanted upward pressure on the currency," he said, which could crimp export growth." - CIBC World Markets (based on Bloomberg) Pair's Outlook Today the USD/CAD…

"The dollar is not reflecting fully the CPI data because of the fear in the market regarding Ukraine and the more mixed U.S. data that we have seen." - Societe Generale (based on CNBC) Pair's Outlook As suspected, the resistance at…